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mixer [17]
2 years ago
14

According to Linda Hill's study, after six months as a manager, most of the new managers believed that their job was to:

Business
1 answer:
r-ruslan [8.4K]2 years ago
3 0

Answer:

<em>According to Linda Hill's study, after six months as a manager, most of the new managers believed that their job was to:</em><em> </em><em><u>solve </u></em><em><u>problems </u></em><em><u>for </u></em><em><u>subordinates</u></em>

Explanation:

<em>What</em><em> </em><em>is </em><em>subordinat</em><em>i</em><em>on </em><em>and </em><em>why</em><em> </em><em>is </em><em>it </em><em>important</em><em>?</em><em> </em>

<em>Subordination</em><em>:</em><em> </em>

<em>Making an idea more important than another idea in a sentence.</em>

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Wolsey Industries Inc. expects to maintain the same inventories at the end of 2016 as at the beginning of the year. The total of
iogann1982 [59]

Answer:

Wolsey Industries Inc.

A. Estimated Income Statement for year ended December 31, 2016

Sales Revenue                                           $4,320,000

Cost of goods sold                                      3,062,000

Gross profit                                                $1,258,000

Expenses:

7. Sales salaries and  commissions 326,000

8 Advertising                                      40,000

9 Travel                                               12,000

10 Miscellaneous selling                    34,600

11 Administrative expenses:

12 Office and officers’ salaries       132,000

13 Supplies                                       118,000

14 Miscellaneous administrative      40,400  $703,000

Net income                                                    $555,000

B. Expected Contribution Margin ratio = 25%

C. Break-even sales in units and dollars:

Sales in units:  13,125

Sales in dollars:  $2,100,000

D.  The break-even sales is 13,125 units and $2,100,000

E. The expected margin of safety:

Sales dollars:   $2,220,000

Percentage of Sales: 48.6% ($2,100,000/$4,320,000)

F. Operating leverage: = Contribution/Net operating income

= $1,080,000/$555,000 = 1.95

Explanation:

a) Data and Calculations:

1                                                 Estimated           Estimated

                                                 Fixed Cost     Variable Cost (per unit sold)

2 Production costs:

3 Direct materials                             —                  $46.00

4 Direct labor                                    —                    40.00

5 Factory overhead                $200,000.00          20.00

6 Selling expenses:

7 Sales salaries and

commissions                               110,000.00            8.00

8 Advertising                               40,000.00             —

9 Travel                                        12,000.00             —

10 Miscellaneous selling

expense                                         7,600.00             1.00

11 Administrative expenses:

12 Office and officers’ salaries 132,000.00               —

13 Supplies                                  10,000.00             4.00

14 Miscellaneous administrative

expense                                      13,400.00              1.00

15 Total                                 $525,000.00       $120.00

Selling price per unit = $160

Sales volume = 27,000 units

Sales revenue = $4,320,000 ($160 * 27,000)

Variable production cost = $106 per unit

Total variable production costs = $2,862,000 ($106 * 27,000)

Fixed production cost =                     200,000

Total production cost =                $3,062,000

                                                   Total          Per Unit

Sales revenue =                    $4,320,000    $160

Variable production costs = $2,862,000      106

Variable expenses                     378,000         14

Total variable costs              $3,240,000    $120

Contribution =                       $1,080,000      $40

Contribution margin ratio = 25% ($40/$160 * 100)

Total fixed costs:

Production costs = $200,000

Selling and admin = 325,000

Total fixed costs = $525,000

Break-even point = Fixed costs/Contribution margin per unit

= $525,000/$40 = 13,125

Break-even point in dollars = $525,000/25% = $2,100,000

7. Sales salaries and  commissions 326,000  (110,000.00 + (27,000 * 8.00))

8 Advertising                                      40,000

9 Travel                                               12,000

10 Miscellaneous selling

expense                                             34,600 (7,600.00 + (27,000 * 1.00))

11 Administrative expenses:

12 Office and officers’ salaries       132,000

13 Supplies                                       118,000 (10,000.00 + (27,000 * 4.00))

14 Miscellaneous administrative

expense                                          40,400 (13,400.00 + (27,000 * 1.00))

5 0
3 years ago
An employee time ticket is an hour-by-hour summary of the employee’s activities throughout the day. True or false?.
padilas [110]

It is true that an employee time ticket is an hour-by-hour summary of the employee’s activities throughout the day.

A time ticket is used to track the hours for which an employee will be paid in the upcoming payroll. Employees' time tickets are reviewed and approved by a supervisor at the closing of each pay period. After which the payroll team use them to calculate the hours worked by an employee. This serves as a basis for calculating gross pay.

When an employee clocks in or out, they generally put a time ticket into a time clock that are printed in an oblong, thick paper shape. Usually time tickets are physical cards that are stamped with beginning and ending times of employees work days. The payroll accountant or bookkeeper creates time tickets after the pay month has ended.

To learn more about employee time ticket here

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7 0
1 year ago
“For deposit only” is what type of endorsement check?
MrRissso [65]
If you write "for deposit only" on the back of a check made out to u and then sign your name , the check the check can only be desposted to your account , this is called restrictive indorsement and it should prevent you or any other person from cashing the check
8 0
3 years ago
Read 2 more answers
If the cost of an item of inventory is $60, the current replacement cost is $65, and the selling price is $95, the amount includ
KATRIN_1 [288]

Answer:

The amount included in the inventory is $60

Explanation:

Lower of cost and net realizable value determine the value of closing inventory based on the cost incurred to produce or purchase a inventory unit or Market value of the inventory unit which ever is lower. In this question cost of unit of inventory is $60 and the replacement cost which market value of the item of inventory. The unit cost of an item of inventory is lower as compared to the replacement value.

5 0
3 years ago
Which one of the following is NOT a fiduciary duty required of an agent? Disclosure Care Confidentiality Accounting Obedience Co
-Dominant- [34]

A limited power of attorney fiduciary duty required of an agent Disclosure Care Confidentiality Accounting Obedience Contrition Loyalty.

A fiduciary relationship is a role of belief, and the agent owes the principal the obligation of obedience, loyalty, disclosure, confidentiality, accounting, and reasonable care (old automobile).

Fiduciary duty is defined by means of Black's regulation Dictionary as “an obligation of extreme precise religion, belief, confidence, and candor owed by using a fiduciary (which includes an attorney or corporate officer) to the beneficiary (which includes a lawyer's purchaser or a shareholder); a responsibility to act with the highest degree of honesty and loyalty towards any other .

fiduciary obligation to someone else, the person with the duty must act in a way in order to gain someone else, usually financially. the individual that has a fiduciary duty is known as the fiduciary, and the individual to whom the responsibility is owed is referred to as the predominant or the beneficiary.

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