In the video, Heidi discusses the importance of maintaining uniformity across the Bow Wow franchises to ensure efficient operations and a consistent customer experience. Now she asks you how best to achieve this objective as the business grows even bigger. What should you tell her? Check all that apply.
Answers
Answer:
• Outline detailed steps for each major business process and insist that all franchises follow them.
• Adopt consistent compensation policies so employees know how they will be rewarded for performance.
• Take corrective action whenever an employee's work is not meeting standards.
Explanation:
Based on the information that has been given in the question, in order to achieve the objective of maintaining uniformity across the Bow Wow franchises to ensure efficient operations and a consistent customer experience, Heidi should adopt consistent compensation policies so that the employees will know how that they will be rewarded for their performance. This will be a morale booster and the employees will be determined to work harder and achieve organizational goals.
Furthermore, Heidi should outline detailed steps for every major business process and insist that all franchises follow. This is necessary so that uniformity will be maintained across the Bow Wow franchises which will help in ensuring efficiency in operations.
Lastly, when a worker isn't doing what's expected of him or her, and therefore not meeting standards, corrective action should be taken in order to get the employee back to track.
Related Questions
a rate variance for direct labor measures how well a company keeps unit prices of labor inputs within standards.
Answers
Answer:
this is not a question
Explanation:
please add a question that this platform will be able to help you with
Which of the following will be accomplished by efficient allocations of the factors of production?
Answers
Answer:
fulfilling many needs and wants of society
Explanation:
In producing a product during production, it is always important to ask if society needs the product that we are developing. The key to every successful product is to answer whether the consumer meets the needs.
I dont know if this correect....you don't have any options(^^):^>.<
In case of an emergency, you should have money saved to cover expenses for at least _____. Select the best answer from the choices provided. A. one to three months B. two to four months C. three to six months D. four to eight months
Answers
In case of an emergency, you should have money saved to cover expenses for at least three to six months
In your internship with Lewis, Lee, & Taylor Inc. you have been asked to forecast the firm's additional funds needed (AFN) for next year. The firm is operating at full capacity. Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year?
Last year's sales = S0 $200,000 Last year's accounts payable $50,000
Sales growth rate = g 40% Last year's notes payable $15,000
Last year's total assets = A0* $120,000 Last year's accruals $120,000
Last year's profit margin = PM 20.0% Target payout ratio 25.0%
Answers
Based on the AFN equation, the Additional Funds Needed for the coming year are $-38,000.
What is the AFN equation?The AFN equation is equal to the projected increase in assets – spontaneous increase in liabilities – any increase in retained earnings.
A negative value shows that there are no external funds required for the project. Instead, the project will generate excess income for external investment.
On the other hand, a positive AFN indicates the additional funding required to execute the project.
Total liabilities = $185,000 ($50,000 + $15,000 + $120,000)
Increase in assets = $48,000 ($120,000 x 1.4 -$120,000)
Increase in liabilities = $74,000 ($185,000 x 1.4 - $185,000)
Last year's retained earnings = $30,000 ($40,000 - $10,000)
Projected retained earnings = $42,000 ($56,000 - $14,000)
Increase in retained earnings = $12,000 ($42,000 - $30,000)
Last year's sales = S0 $200,000
Sales for the projected year = $280,000 ($200,000 x 1.4)
Sales growth rate = g 40%
Last year's total assets = A0* $120,000
Total assets for the projected year = $168,000 ($120,000 x 1.4)
Increase in assets = $48,000 ($168,000 - $120,000)
Last year's accounts payable = $50,000
Last year's notes payable $15,000
Last year's accruals = $120,000
Total liabilities = $185,000
Total liabilities for the projected year = $259,000 ($185,000 x 1.4)
Increase in liabilities = $74,000 ($259,000 - $185,000)
Last year's profit margin = PM 20.0%
Profit for last year = $40,000 ($200,000 x 20%)
Profit for the projected year = $56,000 ($280,000 x 20%)
Target payout ratio 25.0%
Dividends = $10,000 ($40,000 x 25%)
Dividends for the projected year = $14,000 ($56,000 x 25%)
Retained earnings last year = $30,000 ($40,000 - $10,000)
Retained earnings for the projected year = $42,000 ($56,000 - $14,000)
Increase in retained earnings = $12,000 ($42,000 - $30,000)
AFN = $48,000 - $74,000 - $12,000
= -$38,000
Learn more about Additional Funds Needed at https://brainly.com/question/14177687
#SPJ1
One way that marketing mix characteristics differ for organizational buying compared to consumer buying is that for organization buying
advertising is often technical in nature.
promotions of all kinds are avoided.
price is firmly quoted and attempts at negotiation are considered bad form.
distribution is of negligible importance.
product quality is assumed among sellers and is rarely a buying criteria.
Answers
One way that marketing mix characteristics differ for organizational buying compared to consumer buying is that for organization buying, advertising is often technical in nature is advertising is often technical in nature. Option (A) is correct.
What is a Marketing mix?The marketing mix classifies the set of actions, or tactics, which is used by a company to promote its brand or product in the market. The 7Ps of the marketing mix are product, pricing, place, promotion, physical evidence, people, and processes.
Consumers purchase many commodities to use to satisfy their needs. Organizational buyers buy limited goods to use to conduct business. Unlike the consumer buying process, organizational buying involves decision-making by a group of people and enforcing rules for making decisions.
Therefore, Option (A) is correct.
Learn more about Marketing mix, here;
https://brainly.com/question/14591993
#SPJ1
Vulcan, Inc., has 7.3 percent coupon bonds on the market that have 7 years left to maturity. The bonds make annual payments and have a par value of $1,000. If the YTM on these bonds is 9.3 percent, what is the current bond price?
Answers
The current bond price of Vulcan Inc. given the coupon payments and par value is $900.35.
What is the current bond price?The current bond price can be found by discounting the coupon payments of the bond and the par value of the bond with the yield to maturity of the bond.
Coupon payments = percent coupon x par price
7.3% x 1000
0.073 x 1000 = $73
Current price of the bond = 73 / (1.093) + 73 / (1.093²) + 73 / (1.093³) + 73 / (1.093^4) + 73 / (1.093^5) + 73 / (1.093^6) + 73 / (1.093^7) + 1000 / (1.093^7) = $900.35
To learn how to determine bond price, please check: https://brainly.com/question/28960538
#SPJ1
Explain three rights that consumers have when buying a service for example hiring a plumber to install a new shower
Answers
The three consumer rights that consumers have when buying a service are the right to be informed, the right to choose, the right to safety.
What are consumer rights?The Consumer Bill of Rights protects consumers. Consumers have the right to be informed, the right to choose, the right to safety, the right to be heard, the right to have problems corrected, the right to consumer education, and the right to service, according to the bill.
Access to essential goods and services such as adequate food, shelter, clothing, health care, education, and sanitation - basic needs that should be available to all consumers - is defined as service.
Therefore, consumer right are essential when buying a service.
To learn more about Consumer rights, click here:
https://brainly.com/question/24225587
#SPJ1
Which condition would help to produce a testlike
Answers
critically discuss the franchising strategy IKEA's used to expand into foreign markets to explain whether or not the company has really used franchising?
Answers
In order to expand into foreign markets, IKEA focused on standardizing it's product strategy. It strived to maintain cost leadership and internal production efficiency that was greater than that of the competition. With this, it was able to expand into foreign markets.
What is a franchising strategy?Franchising is a corporate marketing strategy that aims to capture the greatest possible market share.
A franchise is an economic agreement between two businesses in which one authorizes the other to sell its products and intellectual property. Several fast food businesses, such as Domino's and McDonalds, operate in India through franchising.
Learn more about IKEA:
https://brainly.com/question/16202599
#SPJ1
IKEA's franchising strategy includes standardizing its strategic plan to pull in a wide consumer base and provide them with quality products.
What is a franchising strategy?Businesses use franchising as a marketing technique to capture the largest possible market share. In franchisee, the exclusive right to use the brand name and concept of the original business owner is get purchased to hold the power of decision-making.
To expand the business into foreign markets IKEA has to focus on the standardization of products as well as cost leadership which helps cater to a wider area of the audience and persuades them to buy.
Learn more about franchising strategy, here:
https://brainly.com/question/26826465
#SPJ1
Andy uses a card reader to make a purchase at the mall. A few days later, he notices unauthorized charges on his credit card. Which type of fraud has most likely occurred
A. Skimming
B. Account freezing
C. Phishing
D. Hacking
Answers
Based on the given information, the most likely type of fraud that occurred in Andy's situation is C. Phishing.
Phishing is a type of cybercrime where attackers trick individuals into revealing their sensitive information, such as credit card details, passwords, or personal identification, by pretending to be a legitimate entity.
The fact that Andy noticed unauthorized charges on his credit card shortly after using a card reader indicates that his credit card information may have been compromised during the transaction.
Skimming, which involves unauthorized copying of card data, is a possibility, but phishing is more likely in this case as it directly involves obtaining credit card information through deception.
Account freezing and hacking are less likely scenarios in this context. Account freezing refers to the temporary suspension of an account by a financial institution due to suspicious activity, which is not mentioned in the scenario.
Hacking involves unauthorized access to a computer system or network, which is not explicitly indicated as the cause of the unauthorized charges. Option C
For more such questions on fraud visit:
https://brainly.com/question/31032334
#SPJ8
Answer:
Phishing.
Explanation:
Can someone explain this to me?
Since inflation is already factored into the data, what is the most likely reason that the costs of a doctorate degree rise to such a high level?
Answers
The rate at which prices increase over a specific time period is known as inflation.
What is the meaning of Inflation?Inflation is often measured in broad terms, such as the general rise in prices or the rise in a nation's cost of living.
Although low inflation might be detrimental, both levels can hurt the economy. The Fed will adopt the opposite strategy when the economy is having trouble or inflation is too low by cutting interest rates or purchasing assets to boost cash flow.
The main cost of inflation is the erosion of real income, which occurs when prices rise unevenly and cause some customers' purchasing power to decline. For both those who receive and pay fixed interest rates, inflation might over time affect their ability to make purchases.
Learn more about Inflation here:
https://brainly.com/question/30112292
#SPJ1
An agricultural manager requires work
different from that of a normal farmer in
which of the following ways?
A. being able to run farm equipment
B. being able to harvest crops
C. being able to obtain legal information on grant
programs
D. being able to raise livestock.
Answers
Answer:
C-Being able to obtain legal informational on grant programs
Explanation:
Barth Interior provides decorating advice to its clients. Three recent transactions of the company include:
a. Providing decorating services of $500 on account to one of its clients.
b. Paying $1,200 for an employee's salary in the current period.
c. Purchasing office equipment for $2,700 by paying cash.
Required: Write a memo to your instructor describing each step of the six-step measurement process presented in Illustration 2-1 in the book specifically for each of the three transactions. To emphasize, your memo should be specific to the three transactions indicated above..
Answers
Answer:
Memo Describing Each Step of the Six-Step Measurement Process
To: Ms. Teagantigan, PhD, Financial Accounting
From: Okwukwe Faith, Financial Accounting Student
Subject: The Six-Step Measurement Process
Date: October 11, 2020
Find below the description you requested on the above subject.
1st Step: Identifying the accounts involved using the source documents:
For the provision of decorating services of $500 to a client, the invoice for the service will be reviewed for the accounts involved in the transaction. It will show that Accounts receivable and Service Revenue are involved. A review of the payroll check will also show the payment of salary to an employee, in which Cash Account and Salaries Expense account are involved. Similarly, a review of the purchasing invoice will show that Office Equipment and Cash Account are involved for the purchase of equipment.
2nd Step: Analysis of the impact on the accounting equation: For a) Accounts Receivable and Service Revenue will increase by $500 respectively. Cash Account will decrease while Salaries Expense account will increase by $1,200 for b). For c) Office Equipment will increase and Cash will decrease by $2,700.
3rd Step: Assessing the accounts to be debited or credited: For a) Accounts Receivable will be debited and Service Revenue credited. For b) Salaries Expense will be debited and Cash credited. For c) Office Equipment will be debited and Cash credited.
4th Step: With the above identification, the journal will be recorded for transactions a - c as detailed above.
5th Step: The above transactions will then be posted to the general ledger in their respective accounts.
6th Step: At the end of the period, the accounts will be balance and a list of balances extracted in the Trial Balance.
I hope I have understood the steps enough.
Regards,
Okwukwe Faith
Explanation:
We have detailed above the six-step measurement process for evaluating business transactions and events. These steps help to identify the accounts involved in each business event and determine how the events are recorded in the accounting books.
Question 10 of 10
Adjusting entries are recorded __ of an accounting period
A. in the beginning
B. on the third day
C. in the first week
D. at the end
of an accounting period.
SUBMIT
Answers
Adjusting entries are recorded at the end of an accounting period.
Adjusting entries are made on top of an accounting duration to properly account for earnings and fees no longer yet recorded to your well-known ledger and have to be completed previous to remaining the accounting period. Adjustment intervals are additional periods that might be related to everyday durations from the source. An adjustment period refers to any accounting length installation to modify balances previous to the final length of the twelve months.
Adjusting entries are made on the giving up of the accounting duration to record all sales and expenses that have now not been recorded but belong within the modern-day period. They update the stability sheet and profits statement bills at the end of the accounting length. Adjusting magazine access is usually made at the end of an accounting duration to understand earnings or fees within the length that its miles incurred. it's far a result of accrual accounting and follows the matching and sales reputation concepts.
Learn more about Adjusting entries here:-https://brainly.com/question/13035559
#SPJ9
Fixed-income securities consist of debt instruments and preferred stock. Bonds are debt securities in which a borrower promises to pay a specified interest rate and principal at a future date.
1) Which of the following statements about Treasury bonds is the most accurate?
a) Treasury bonds are completely riskless.
b) Treasury bonds have a very small amount of default risk, so they are not completely riskless.
c) Treasury bonds are not completely riskless, since their prices will decline when interest rates rise.
Based on the information given in the following statement, answer the questions that follow:
New York City issued a general obligation bond for a canal in 1812. It was the first formal debt instrument with a fixed repayment schedule issued by a city.
1) What type of bonds are these?
a) Treasury bonds
b) Municipal bonds
c) Corporate bonds
2) Who is the issuer of the bonds?
a) The New York City government
b) Bank of New York
c) Federal Reserve Bank of New York
Answers
What is the the impact of corruption on business cycle
Answers
Answer:
Corruption diverts talent and resources, including human resources, towards “lucrative” rent-seeking activities, such as defence, rather than productive activities. business, ultimately raising production costs and reducing the profitability of investments. human capital.
What is the main reason why empathy is important for communication?
Answers
Answer:
it means you can understand what a person is feeling in a given moment, and understand why other people's actions made sense to them. Empathy helps us to communicate our ideas in a way that makes sense to others, and it helps us understand others when they communicate with us.
The additional components of the marketing mix for marketing a service does not include which of the following?
people
process
popularity
physical environment
Answers
The marketing mix comprises four primary elements: product, price, promotion, and place. However, when marketing services, some additional components are added to the mix. These components are known as the 7Ps of marketing and include people, process, and physical evidence (or physical environment).
Popularity, on the other hand, is not a component of the marketing mix for services. Popularity can be considered a byproduct of the marketing efforts and how successful they are in promoting the service to the target audience. Popularity is a measure of how well a service is known or recognized in the market.
People: This component of the marketing mix is concerned with the people involved in the delivery of the service. These people include the employees, staff, and other personnel involved in providing the service to the customers. These people are critical to the success of the service and need to be trained, managed, and motivated to provide excellent service.
Process: This component of the marketing mix is concerned with the procedures and processes involved in the delivery of the service. The process should be designed to ensure that the service is delivered consistently and efficiently, meeting the needs and expectations of the customers. A well-designed process can enhance the customer experience and help in creating a positive perception of the service.
Physical Environment: This component of the marketing mix is concerned with the physical environment in which the service is delivered. This environment can include the ambiance, decor, lighting, and other factors that contribute to the customer experience.
A well-designed physical environment can enhance the customer experience and contribute to the success of the service.
Popularity: Popularity can be considered a byproduct of the marketing efforts and how successful they are in promoting the service to the target audience. Popularity is a measure of how well a service is known or recognized in the market.
For more such questions on primary elements
https://brainly.com/question/1398751
#SPJ8
how do you determine retained earnings at year end
Answers
Explanation:
The retained earnings are calculated by adding net income to (or subtracting net losses from) the previous term's retained earnings and then subtracting any net dividend(s) paid to the shareholders. The figure is calculated at the end of each accounting period (quarterly/annually.)
Hope it helped u if yes mark me BRAINLIEST
Suggest THREE ways businesses can use creative thinking to solve business problems.
Answers
Answer: They can Substitute.
Combine.
Rearrange.
Eliminate.
Put to other uses.
Magnify.
Adapt.
Explanation: stan bts
Businesses can creatively solve problems by using brainstorming, design thinking, and cross-disciplinary collaboration to foster innovation and customer-centric solutions.
Here are the three steps:
1. Brainstorming Innovative Solutions: Encouraging teams to freely brainstorm diverse ideas and explore unconventional approaches fosters creative problem-solving and potential breakthrough innovations.
2. Design Thinking Methodology: Embracing the iterative design thinking process empowers businesses to deeply understand customer needs, ideate, and test creative solutions, ensuring customer-centric problem-solving and increased efficiency.
3. Cross-Disciplinary Collaboration: Fostering collaboration between different departments or external partners encourages diverse perspectives and leverages a wide range of expertise, leading to novel problem-solving strategies and fostering a culture of continuous innovation.
Learn more about brainstorming here:
https://brainly.com/question/32223801
#SPJ7
Imagine the products are in decline and recommend an extension strategy for each one. Make sure you explain your
A Galaxy chocolate bar
Candy Crush mobile app.
Evian water
Ferrari world.
Answers
All of these products should use a rebranding extension strategy.
Once a product reaches maturity and the market is saturated, it gradually starts to decline.
Because of this, one approach to lengthen the life of a product strategy is to always seek out ways to make it better, different, and even stand out from similar products that have already hit the market.
Rebranding, offering discounts, and looking for new markets are all examples of extension strategy methods. Rebranding is the process of giving an existing product a fresh look and feel in order to set it apart from the competition. For instance, a cosmetics company might provide additional brushes, blenders, or sponges.
To learn more about product, click here.
https://brainly.com/question/22852400
#SPJ1
Petty Cash Record and Journal Entries On May 1, a petty cash fund was established for $153.00. The following vouchers were issued during May: Date Voucher No. Purpose Amount May 1 1 postage due $ 3.10 3 2 office supplies 13.00 5 3 auto repair (miscellaneous) 46.00 7 4 drawing (Joy Adams) 24.00 11 5 donation (Red Cross) 9.00 15 6 travel expenses 23.00 22 7 postage stamps 2.90 26 8 phone call 7.00 30 9 donation (Boy Scouts) 22.00 Required: 1. Prepare the journal entry to establish the petty cash fund. If an amount box does not require an entry, leave it blank. 2. Record the vouchers in the petty cash record. Total each column to determine the balance before replenishing the petty cash fund. When required, enter amounts in dollars and cents. 3. Prepare the journal entry to replenish the petty cash fund. Then record the amount in the petty cash record in part 2. If an amount box does not require an entry, leave it blank.
Answers
Answer:
1. Dr Petty cash $153.00
Cr Cash $153.00
2..Dr Postage due $ 3.10
Dr Office supplies $13.00
Dr Auto repair (miscellaneous) $46.00
Dr Drawing (Joy Adams) $24.00
Dr Donation (Red Cross) $9.00
Dr Travel expenses $23.00
Dr Postage stamps $2.90
Dr Phone call $7.00
Dr Donation (Boy Scouts) $22.00
Cr Cash $150
3.Dr Petty cash $3.00
Cr Cash $3.00
Explanation:
1. Preparation of the journal entry to establish the petty cash fund.
Dr Petty cash $153.00
Cr Cash $153.00
(Being to establish the petty cash fund)
2. Preparation of the journal entry to Record the vouchers in the petty cash record. .
Dr Postage due $ 3.10
Dr Office supplies 13.00
Dr Auto repair (miscellaneous) 46.00
Dr Drawing (Joy Adams) 24.00
Dr Donation (Red Cross) 9.00
Dr Travel expenses 23.00
Dr Postage stamps 2.90
Dr Phone call 7.00
Dr Donation (Boy Scouts) 22.00
Cr Cash $150
($3.10+13.00+46.00+24.00+9.00+23.00+2.90+7.00+22.00)
(Being to Record the vouchers in the petty cash record)
3. Preparation of the journal entry to replenish the petty cash fund.
Dr Petty cash $3.00
Cr Cash $3.00
($153.00-$150.00)
(Being to replenish the petty cash fund)
Why is the relational approach to leadership useful for leading sustainability in an organisation? Please indicate 3 reasons.
Answers
Answer:
The understanding including its context has been explained throughout the explanation segment elsewhere here.
Explanation:
The relational leadership style wants to replicate the understanding that organizational culture ultimately resulted from those throughout the actions including its exemplary entrepreneur with either the perspective that leadership moves away from relations between people, gatherings. Relational leadership acknowledges that perhaps the performance of the connections clients construct seems to be the surprise to relevance and success.This methodology takes time to build as well as accomplish the goals of organizations, requirements, standards of practices, and so much more. Relational leadership could sometimes be extremely successful, especially whether it is accurate, caring, and compassionate, strengthened by hand movements of companionship but instead embodied mostly in the cultural values of an organization.It costs Waterway Company $18.00 of variable costs and $7.80 of fixed costs to produce its product that sells for $40. Carla Vista Company, a foreign buyer, offers to purchase 3100 units at $23.50 each. If the special offer is accepted and produced with unused capacity, net income will:
Answers
Answer:
Increase by $17,050
Explanation:
In our analysis, we will use the incremental revenue and cost only. That means we exclude fixed costs since they are irrelevant for this decision and are already incurred.
Analysis of effects of accepting the special order
Sales (3,100 units x $23.50) $72,850
Less Variable Costs (3,100 units x $18.00) ($55,800)
Financial Advantage / (Disadvantage) $17,050
therefore,
If the special offer is accepted and produced with unused capacity, net income will: Increase by $17,050.
Starting a small business is a challenging endeavor—what are some important factors that contribute to the success of a small business? What are some of the first steps that should be taken if someone is interested in starting a small business?
Answers
Answer:
Business licenses and permits issued by the state and municipal governments.
Equipment.
Legal expenses, particularly if you intend to incorporate.
Insurance for businesses.
Creating a brand and a website.
Market research is essential.
Inventory.
Publicizing.
Explanation:
Describe your business concept and future ambitions in your vision. Describe the sort of business you're starting, how you want it to expand in the coming year, and where you want to be in five years.
Mission: Describe the products and services you want to offer, your target market, and your unique selling proposition (what you will offer that your competitors do not). Take note of if you intend to be a home-based business that sells mostly online or if you intend to have a physical presence.
Pricing Strategy: You must create a competitive rate that will attract consumers while still allowing you to make a profit. This part should also provide a forecast of your company's earnings and costs.
what are the 7 factors of production
Answers
Land and natural resources, labour, capital, and entrepreneurship are the four fundamental components. The environment is referred regarded as a fifth factor of production by contemporary economists.
The inputs utilised in the creation of goods or services to generate a profit are referred to as factors of production in economics. These include all materials required for producing a good or service. Land, labour, capital, and entrepreneurship are the production factors. Land, labour, capital goods, and entrepreneurship are frequently used as production factors. Entrepreneurship is a production factor that has the potential to involve all other factors and is frequently regarded as essential for strengthening economies.
To learn more about production, click here.
https://brainly.com/question/22852400
#SPJ4
Define ATS and describe its use.. Why would large companies
use an ATS ?
Answers
Answer:
An applicant tracking system (ATS) is a human resources software that acts as a database for job applicants.
You make $13.00 Per Hour. You work 40 hrs. a week for 5 weeks this month. Total Hrs. Worked = _____
What is your monthly income? ____
Answers
Answer:
assuming that this month was extraordinarily long, and had more days than any other month in history, you worked a total of 5 x 40 = 200 hours
Also, due to length of the month, you will earn 200 hours x $13 = $2,600
Generally months tend to have between 20-23 labor days
what are the marketing strategies of netflix please help!
Answers
Answer:7 Modern Marketing Strategy Lessons from the Netflix Business Model
Use Multi-channel Marketing to Connect with People Online and Offline.
Make Emails Memorable and People Will Talk.
Offer Personalized Content to Keep People Hooked.
Let Data Show You the Secrets to Better Customer Service.
Explanation:
A meeting of the minds refers to
Answers
Answer:
an understanding or agreement between two people or groups?
Explanation:
I din completely know If this is right but I think??