What is the benefit in paying a lower salary with commission to your employees, instead of a high salary with no commission?
Q: Assume accountants and teachers have identical marginal revenue product schedules. Which of the…
A: Marginal Revenue Product (MRP) The MRP assumes that the expense on other parts remain unchanged and…
Q: he operations vice president of Security Home Bank has been interested in investigating the…
A: The following calculations are done in the records of the Westfield Branch of Security Home Bank…
Q: The consulting firm used the following assumptions: The machines never break down. Workers never…
A: Standard is the expectations of the company. It is the expected performance which can be achieved…
Q: Day Street Deli’s owner is disturbed by the poor profit performance of his ice cream counter.He has…
A: Variable cost means the cost which vary with the level of output where as fixed cost remain fixed…
Q: As we evaluate job related expenses, are self-employed taxpayers facing a considerable disadvantage…
A: As a self-employed / freelancer, you most likely have a level of freedom that your traditionally…
Q: In order to correct the problems associated with external costs. O standards must be established…
A: External cost refers to cost associated with social or environmental effects.
Q: What financial arguments could you use to justify your proposed recommendations to segregate FLTs…
A: The question is based on concept of health care, safety and workplace ,mainly for workers at…
Q: Several managers in your company are experiencingpersonal financial problems and have asked that…
A: Last-in-First-Out (LIFO): In this method, items purchased recently are sold first. So, the value of…
Q: Which would be the best way for a manager to deal with employees who are not motivated to perform…
A: Employee will get motivated only of they feel they are being recognised for their work. There are…
Q: Shinas Food Shop decided to increase the salary of the workers due to high cost of living caused by…
A: Many types of decisions making depends on person involved and situations.
Q: Asma is a junior management accountant at Flower Cloth Ltd. Asma is given the task of compiling a…
A: Standards of ethical conducts: Standards of ethical conducts can be defined as the standards that…
Q: The following statements have appeared in newspaper editorials: 1. Business students come from all…
A: Ethical Conduct: Ethical conduct involves indulging into fair practices and making equitable…
Q: You are the owner of your own company. You want to employ new workers and also buy a delivery van.…
A: Cost can be defined as monetary expenses that are incurred by the firm for a specified thing or…
Q: Which of the following explains why managers compare the budgeted costs to actual costs? a.…
A: Managers measures budgeted expenses at the end of the year and provide an average of the costs that…
Q: Ellie Ice-cream’s owner is disturbed by the poor profit performance of his ice cream counter. He has…
A: Relevant cost are the avoidable costs that can be avoided with the elimination of some product usage…
Q: Which of the following illustrates the concept of externalaties? OSmoking harms the health of the…
A: The term "external costs," which is often referred to as "externalities," describes the economic…
Q: What are the advantage and disadvantage of hiring an independent contractor? What would be the…
A: The advantages of hiring an independent contractor are the followinga) Reduction in staff cost- The…
Q: Firms with higher ethical standards will experience a higher level of economic performance than…
A: Taking some moral principles into account as a guide for decision-making is what ethical behavior is…
Q: Sales Returns and Allowances is increased when an employee does a good job. goods are sold on…
A: Introduction Allowance is a defined amount of financial or monetary advantage provided by the…
Q: What can a business do to prevent an employee from receiving salary in kind
A: Internal control is an essential component of every business. It aids in the management's continued…
Q: A risk-neutral worker can choose to exert either low or high effort. The manager cannot observe the…
A: The following information has been provided in the question: Realized revenue of the firm= $200 or…
Q: True or False 1. A manager could be held criminally liable for the misdeeds of the company 2. It is…
A:
Q: rue or False: Sarah is a manager who pays workers less than what they deserve because she knows they…
A: Any action can be termed as illegal only when it is against the law. An unethical action that is not…
Q: You are a newly appointed accountant and have been asked to place a cost on the amount of wasted…
A: Costing of items should be done according to the amount incurred in purchasing those items. But, the…
Q: A manager at a "Check Into Cash" business defends his business practice as simply "charging what the…
A: Payday loans are extremely short-term loans given for periods ranging between seven and thirty days…
Q: Many financial managers and corporate officers are often criticized for (a) poor decisions, (b) lack…
A: As your business grows, you'll move from a flat structure structure, or one wherever many key…
Q: Ryan currently has a salaried position in his company, but is offered a promotion that will be…
A: Salaried position is where the employee earns a fix amount of salary every month whereas commission…
Q: Costco has a policy of not hiring business school graduates because it wants employees to start at…
A: Business sBusiness schoolBusiness school graduates are usually students who have completed their…
Q: . A manager of a retailing firms says that he can lower his operating leverage by renting his stores…
A: Answer: Concept: Operating leverage is the measure that is used to know how revenue responds in to…
Q: Most people, economists included, consider child labor to be morally unacceptable and would support…
A: child labour is exploitation of children through form of work that leads to deprivation of children…
Q: The operations vice president of Security Home Bank has been interested in investigating the…
A: Activity-based costing is a method of allocation of indirect costs between/among products or…
Q: Stricter rules for health, environment and safety (HSE) lead to: a Reduced employment because…
A: Answer: Health , environment and safety HSE leads to the managing health in better way
Q: A restaurant owner who had yet to earn a monthly profit said, “The busier we are, the morewe lose.”…
A: Contribution margin is the difference of total sales and total variable costs.
Q: Do unions make it difficult for companies to attain a competitive advantage? I think that it is a…
A: Competitive advantage is the favorable factor for the organization over the competitors prevailing…
Q: 1. Which of the following costs would most likely be variable with respect to the number of T-shirts…
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: Which of the following is not an example of an administrative cost? O A. Rent of the office building…
A: Administrative cost includes the costs are the indirect cost that occurs in the business and not…
Q: he operations vice president of Security Home Bank has been interested in investigating the…
A: Activity based costing means where the product is valued on the basis of actual direct material ,…
Q: Discuss why in many liability firms, the managers do not receive a fixed payment for their work, but…
A: Profits or sales. Sales are simply referred to as "revenue," which does not include any fees or…
Q: It is a fact that teachers receive very meager salaries. Do you think this is an injustice? Explain…
A: Teachers are the foundation of a nation's future as they educate children and guarantee a society of…
Q: How can accounting consultants or auditors minimize the cost of doing business? How is this…
A: SOLUTIONS- ACCOUNTING CONSULTANTS ADVISES BUSINESSES ON FINANCIAL DECISION AND THEIR ACCOUNTING…
Q: As a manager, would you use financial incentives to compensate your employees? If so, what would be…
A: Financial incentive: Financial incentives are given with the intention of motivating employees. The…
Step by step
Solved in 2 steps
- In compensation management, if an company is unable to raise your salary, and they are trying to make you stay but are unable to raise your pay, what are three things they can do to make you stay and not leave the worrk?As a manager, would you use financial incentives to compensate your employees? If so, what would be the keys to using them effectively? If not, then how would you compensate your employees?Abdullah, section associate in Al- Hind company has found the fraud done by one of his colleagues in his section. If Mr. Abdullah wants to blow the whistle which of the following he has to do first? Approach immediate manager first O b. Go outside the company O c. Leave the company d. Discuss the issue with the family
- Which of the following is not related to Opportunity costs? a. Salary given up to start a business b. Rental Income given up when you live in a house you own. c. fixed costs to be incurred when you accept a special request from an existing client. d. None of the choicesIt is a fact that teachers receive very meager salaries. Do you think this is an injustice? Explain your position.Which of the following is not related to Opportunity costs? None of the choices O Rental Income given up when you live in a house you own. Salary given up to start a business O fixed costs to be incurred when you accept a special request from an existing client.
- Stricter rules for health, environment and safety (HSE) lead to: a Reduced employment because taxes must be increased to pay for HSE measures b. Reduced employment because it becomes more expensive for companies to hire people c. Increase employment because there will be fewer accidents and thus fewer work-related injuries d. Increase employment because HSE leads to new work tasks that require extra employeesCostco has a policy of not hiring business school graduates because it wants employees to start at the bottom and work their way up. What are the advantages and disadvantages of this approach?RAJIV: I heard the HR manager say that they offer two supplemental plans, but I only wrote down the profit-sharing plan. Under this type of plan, your account does not depend on the company's performance. This is because when profits are low, the company makes larger less do not set depends _smaller contributions to the plan, and when profits are high, it pays more. However, employers maximum amounts to be paid as contributions. What is the other plan? ERISA SIMONE: The other plan she mentioned is the traditional 401(k) plan the Pension Protection Act RAJIV: Because our employer is a big Fortune 500 company, our plan is voluntary. It takes everyone's in company stock. set RAJIV: Agreed. Thanks for helping me complete my notes! benefits contributions minimum and and heavily invests i SIMONE: Well, I think I have my notes complete. I may need to clarify a few things that will apply just to me, vesting, profit-sharing percentages, and retirement age.
- You are trying to decide whether to take a job after you graduate or go onto graduate school. Consider the following questions as you make your decision. A. Which of these costs, for the most part, would be relevant (R), and which would be irrelevant (IR)? Cost of your Undergraduate education Salary with an undergraduate degree Salary with both an undergraduate degree and a graduate degree Rent Car Insurance Graduate school tuition and fees Food costs Moving expenses B. Which of these costs could have a differential amount that is relevant/irrelevant, depending upon the location and or policies of your new job?One of the advantages of hiring younger workers is that they: a) seldom seek job flexibility. b) have low expectations for their pay as they lack experience. c) often bring optimism and a proven ability to multitask to work. d) work with a high sense of loyalty to their companies.Superior Markets, Incorporated, operates three stores in a large metropolitan area. A segmented absorption costing income statement for the company for the last quarter is given below: Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Total expenses Net operating income (loss) Selling expenses: Sales salaries Direct advertising General advertising* Store rent Depreciation of store fixtures Delivery salaries Depreciation of delivery equipment Total selling expenses Superior Markets, Incorporated Income Statement For the Quarter Ended September 30 Total $ 3,240,000 1,789,776 1,450,224 Administrative expenses: Store managers' salaries General office salaries* Insurance on fixtures and inventory Utilities Employment taxes General office-other* 882,360 413,640 1,296,000 $ 154,224 Total administrative expenses *Allocated on the basis of sales dollars. a. The breakdown of the selling and administrative expenses that are shown…