<span>The answer for the above question is managerial. When Herbert took a new position at Galbrook Manufacturing Company, the firm was near insolvency. One of Herbert's first acts was to establish specific goals for sales growth and a strategy for achieving them. He also changed the organizational structure and developed an elaborate control system for keeping the company on track. Herbert is functioning in a(n) managerial position at Galbrook Manufacturing.</span>
Answer:
The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.
Answer:
The manager should start by analyzing the current job structure. He or she should spend time working beside the employees to assess what each employee does. Employee areas of responsibility must be evaluated to ensure that they are working to the fullest of their capability without being spread too thin. Maybe training can be implemented to assist in employee production. Are the employees being adequately compensated for the amount of work they are ask to perform?
I would study the personality traits of the employees as a means to reveal their motivation for working at Healthy Hots. Implementing avenues to reinforce that motivation and raise moral within the current staff is also essential. Unhappy employees will have reduced production rates and create an unpleasant work environment.
Team building is also important. Most working adults spend more of their awake time at work than at home. Therefore, people who work together tend to form a familiar bond. Removing anything that remotely promotes favoritism and/or tension in the workplace will reduce turnover.
Explanation:
Answer:
1) $141,000
2) $198,000
3) $ 61,000
4) $122,000
Explanation:
1) we sum ($80,000+$42,000+$19,000)= $141,00,0 according to the cost’s theory
2) we sum all amounts (80,000+42,000+19,000+22,000+35,00)= 198,000 we sum all amounts because those are the cost that the company incurred In the period.
3) Conversion cost we obtain summing direct labor+ manufacturing overhead ( 42,000+19,000)= $61,000
4) Prime costs we obtain summing direct materiales+ direct labor ( 42,000+80,000)= $122,000
Answer:
1. $200
2. $255
3. $455
Explanation:
Producer surplus is the difference between the least price a producer is willing to sell his product and the price of the good.
Producer surplus = price - least price of the product
$400 - $350 = $50
$50 × 4 = $200
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = highest amount a consumer would be willing to pay - price
Consumer surplus for me = $435 - $400 = $35
Consumer surplus for the first friend = $400 - $400 = 0
Consumer surplus for the second friend = $560 - $400 = $160
Consumer surplus for the third friend = $460 - $400 = $60
Total surplus = consumer surplus + producer surplus
Total consumer surplus = $60 + $160 + 0 + $35 = $255
Total surplus = $255 + $200 = $455
I hope my answer helps you
