Question: Contribution Margin Per Unit Contribution Margin Ratio
Contribution Margin Per Unit Contribution Margin Ratio Break Even in Units
A) Increases Increases Decreases
B) No Change No Change No Change
C) No Change Increases No Change
D) Increases No Change Decreases
Garth Corporation sells a single product. If the selling price per unit and the variable expense per unit both increase by 10% and fixed expenses do not change, then:
• option A.
• option B.
• option C.
• option D.
Answers
The If both the selling price per unit and the variable expense per unit increase by 10%, the contribution margin per unit will remain the same.
The contribution margin per unit is calculated by subtracting the variable expense per unit from the selling price per unit. Since both of these values increase by the same percentage, the difference between them, which is the contribution margin per unit, remains unchanged.However, the contribution margin ratio will increase. The contribution margin ratio is the contribution margin per unit divided by the selling price per unit. When both the numerator (contribution margin per unit) and the denominator (selling price per unit) increase by the same percentage, the ratio will increase.
learn more about contribution here :
https://brainly.com/question/32608937
#SPJ11
Related Questions
At the beginning of the current year, Martin Corporation purchases 20% of the outstanding shares of Foster Company for $200,000 which gave Martin the ability to significantly influence Foster. The price paid reflected Foster's book and fair values of its assets and liabilities. During the current year, Foster reports net income of $25,000 and declares dividends of $15,000. At the end of the current year, what amount should Martin report as investment income from its ownership of Foster's shares?
Answers
Answer:
$5,000
Explanation:
Calculation to determine what amount should Martin report as investment income from its ownership of Foster's shares
Using this formula
Amount to be reported as investment income=Net income*Percentage of outstanding shares purchased
Let plug in the formula
Amount to be reported as investment income=$25,000 x 20%
Amount to be reported as investment income= $5,000
Therefore The amount that Martin should report as investment income from its ownership of Foster's shares is $5,000
The government of Inventia has increased its expenditure following a recession.This is likely to lead to ________.
A) lower real wages
B) an increase in the demand for labor
C) higher interest rates
D) a decrease in the price level
Answers
The government of Inventia increasing its expenditure following a recession is likely to lead to higher interest rates. The correct answer is C.
When the government increases its expenditure, it typically needs to finance this spending through borrowing. This increases the demand for borrowing in the economy, which in turn leads to higher interest rates. Higher interest rates incentivize saving and reduce borrowing, which helps the government fund its increased expenditure.
Higher interest rates have several effects on the economy. They can lead to lower real wages because businesses may be less willing to hire or give wage increases when borrowing costs are higher. Additionally, higher interest rates can affect investment decisions and consumer borrowing, which can have implications for overall economic activity.
Therefore, the correct answer is C) higher interest rates.
You can learn more about interest rates at
https://brainly.com/question/25793394
#SPJ11
Idenfity which of the following is Development vs. Operating
risks?
Site conditions
Energy costs (heating)
Lease up risks
Operating expense increase
Construction delays
Answers
The following are examples of development vs operating risks: Site conditions: Development Risk, Energy costs (heating): Operating Risk, Lease up risks: Development Risk, Operating expense increase: Operating Risk and Construction delays: Development Risk
Development Risks are the risks associated with the construction and development of a project, while Operating Risks are the risks associated with the maintenance and operation of an existing project. Development Risks are usually higher, more variable, and more difficult to forecast than Operating Risks.
As a result, project financing terms are more stringent, and the risks are usually mitigated through various types of project insurance or reserves.
Learn more about Operating Risks here:
https://brainly.com/question/32785145
#SPJ11
Alpha and Beta Companies can borrow for a five-year term at the following rates: Moody's credit rating Fixed-rate borrowing cost Floating-rate borrowing cost Alpha Aa 12. 1% LIBOR Beta Baa 15. 2% LIBOR + 1% i. Calculate the quality spread differential (QSD). Ii. Develop an interest rate swap in which both Alpha and Beta have an equal cost savings in their borrowing costs. Assume Alpha desires floating-rate debt and Beta desires fixed-rate debt. No swap bank is involved in this transaction
Answers
The quality spread differential (QSD) is the difference in borrowing costs between two companies with different credit ratings. In this case, the QSD between Alpha and Beta is the difference between the fixed-rate borrowing costs for Alpha (12.1%) and Beta (15.2%), which is 3.1%.
QSD = Fixed-rate borrowing cost for Beta - Fixed-rate borrowing cost for Alpha QSD = 15.2% - 12.1% QSD = 3.1%
To develop an interest rate swap in which both Alpha and Beta have an equal cost savings in their borrowing costs, Alpha will need to pay the fixed-rate borrowing cost for Beta (15.2%) and Beta will need to pay the floating`-rate borrowing cost for Alpha (LIBOR).
Assuming a notional principal amount of $10 million, the swap will work as follows:
Alpha borrows $10 million at LIBOR and pays Beta 15.2% fixed-rate interest. Beta borrows $10 million at 15.2% fixed-rate and pays Alpha LIBOR floating-rate interest. The net effect of the swap is that Alpha will have achieved a fixed-rate borrowing cost of 15.2%, which is a cost savings of 3.1% compared to their initial fixed-rate borrowing cost of 12.1%. Likewise, Beta will have achieved a floating-rate borrowing cost of LIBOR, which is a cost savings of 1% compared to their initial floating-rate borrowing cost of LIBOR + 1%.
This swap allows both companies to achieve their desired borrowing structures while also achieving equal cost savings. No swap bank is involved, so both companies are directly entering into the swap agreement with each other.
Therefore, quality spread differential (QSD) is 3.1%.
Learn more about quality spread differential (QSD), here:
https://brainly.com/question/31531836
#SPJ1
If you are buying bulk products in a health food store, you can expect to pay based on
A. the package that it comes in.
B. the size of the scoop or ladle in the bin.
C. the weight of the amount that you select.
D. the comparable cost at a neighborhood grocery store.
Answers
hope it helps
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
learn more about managers here
https://brainly.com/question/32150882
#SPJ11
To be considered a qualified distribution from a Roth IRA, the account must have been open for at least (1) years and the taxpayer must be at least (2) years old.
1. 5
2. 59 1/2
Answers
To be considered a qualified distribution from a Roth IRA, the account must have been open for at least 5 years and the taxpayer must be at least 59 1/2 years old.
This means that if you withdraw funds from your Roth IRA before reaching age 59 1/2 or before the account has been open for five years, you may be subject to taxes and penalties.
However, there are some exceptions to these rules, such as using funds for qualified higher education expenses or for a first-time home purchase. Additionally, contributions made to a Roth IRA can be withdrawn at any time without penalty, but earnings on those contributions are subject to the qualified distribution rules.
It's important to carefully consider your retirement savings strategy and consult with a financial advisor to ensure that you are making informed decisions regarding your Roth IRA contributions and distributions.
To know more about taxpayer refer here:
https://brainly.com/question/30654668#
#SPJ11
consider at least two methods used for power quality improvement, the critical evaluation of such methods has to be done either by language supported with picture evidences or from simulation results
Answers
Two methods used for power quality improvement are active power filters and voltage regulators.
Active power filters are devices used to mitigate harmonic distortion and reactive power in electrical systems. They actively inject counteracting currents to cancel out the unwanted harmonics and improve power quality. These filters are critical in reducing voltage and current distortion, ensuring stable and efficient operation of the electrical network. Evaluation of active power filters can be done through simulation results that demonstrate the reduction in harmonic distortion and improvement in power factor.
Voltage regulators, such as Automatic Voltage Regulators (AVRs), are used to maintain a stable voltage level at the load terminals. They compensate for voltage fluctuations and ensure that the voltage remains within acceptable limits. Evaluation of voltage regulators can be done through simulation results or through language supported by picture evidence showing voltage stability and regulation under varying load conditions.
To know more about voltage regulators, click here.
https://brainly.com/question/14407917
#SPJ4
A(n)\ _____ is a flexible standard for defining a security .
red herring prospectus
investment contract
certificate of interest
debenture
Answers
An investment contract is a flexible standard for defining a security. For that reason, the correct option is the second.
An (second option) investment contract is a form of security that refers to an agreement between two parties in which one person (usually an investor) commits funds to a business or venture in exchange for a return on their investment, and the other person (usually the business or venture) is responsible for using the funds in a manner that benefits the investor.
The term "investment contract" is not defined by a specific set of legal rules but is rather a flexible standard for defining a security.How did the term "investment contract" come about?The term "investment contract" has been around for many years and has been used to describe a variety of different types of securities.
It was first defined by the U.S. Supreme Court in the case of SEC v. W.J. Howey Co. in 1946, in which the court held that an investment contract is a security if it involves an investment of money in a common enterprise with profits to come solely from the efforts of others.
Today, the term "investment contract" is still used to describe a variety of different types of securities, including stocks, bonds, and mutual funds.
Finally, it is also used in the context of accounting and economic analysis to describe the ways in which businesses and investors adapt to changes in the economy, trade, and demand for goods and services. Accurate judgment is necessary to avoid errors in design and denial.
Learn more about security: https://brainly.com/question/30746520
#SPJ11
The data on price and quantity purchased relating to a commodity for 10 months are given
below:Calculate coefficient of correlation between price and quantity.
Answers
Price and number of goods purchased are inversely correlated. Consequently, price rises as quantity rises.
What is data on price ?Pricing Data is accurate information on the costs of goods that are strikingly comparable to those being purchased. Prices are used interchangeably in this definition to refer to actual selling prices as well as suggested or prospective selling prices. Data pertinent to both primary and subcontract prices are referred to in the definition. Data may consist of specific costs, weights, addresses, names, ages, temperatures, dates, or distances, for instance. Data is a basic type of knowledge and has no meaning or use by itself. In other words, facts must be interpreted in order to have any significance. A pricing list again for new term has been sent by the Contractor to authorized buyers.
To know more about data on price visit:
brainly.com/question/29310320
#SPJ1
Vail is one of the largest ski resorts in the united states. suppose that on october 1, 2024, vail sells gift cards (lift passes) for $103,000. the gift cards are redeemable for one day of skiing during the upcoming winter season. the gift cards expire on april 1, 2025. customers redeem gift cards of $20,300 in december, $30,300 in january, $25,300 in february, and $15,300 in march.
1. record the sale of gift cards on october 1, 2024.
2. record the redemption of gift cards as of december 31, 2024.
3.record the redemption of gift cards in 2025 by preparing a summary entry as of march 31, 2025.
4. record the expiration (breakage) of gift cards on april 1, 2025.
Answers
Debit gift cards will be converted to credit gift cards at the following dates: October 1, 2024, December 31, 2024, March 31, 2025, and April 1, 2025. Debit gift cards will be converted to credit gift cards at the following dates: 15,300$ on March 31 and 37,100$ on April 1.
What details are printed on gift cards?It doesn't have to be difficult, and your customers will notice it more readily if it is more transparent. We advise writing your address, email, website, or other contact details on the gift card's back. You want to be discoverable by others.
What are gift cards and how do they operate?An alternative method of payment is a gift card. It is also like a gesture of goodwill for the customers.
To know more about Gift Cards visit:
https://brainly.com/question/17419140
#SPJ4
During selection, a job applicant’s past performance, experience and education are all examples of ____________.
a) Group of answer choices
b) elements of job performance
c) selection criteria
d) predictors of selection criteria
e) none of the suggested answers is correct
Answers
During selection, a job applicant’s past performance, experience and education are all examples of selection criteria. The correct answer is option(c).
Several criteria are taken into account while choosing a job candidate in order to determine their appropriateness for the role. These elements—also referred to as selection criteria—help employers assess the credentials, competencies, and qualities of applicants. Past performance, experience, and education are key factors among these requirements.
Past performance refers to a candidate's record in prior positions or tasks. Employers might evaluate their capacity to carry out duties proficiently, meet goals, and meet expectations. Examining prior performance might reveal information about a candidate's work ethic, abilities, and general ability.
To know more about selection criteria refer to:
https://brainly.com/question/30558919
#SPJ11
Please create a break-even analysis on a Spreadsheet for a theatrical production. Please advise how many tickets must be sold to break even and what are the variable costs for the production?500 seats in the theatreThere will be 3 shows: Two on Saturday and one on a Sunday afternoon.The ticket price is $35 per person.During the month of January, the company put on 6 shows total which were for two weekends.Here are all costs associated with the production for the month of January.Theatre rental- $3000 for all six shows for both weekendsAdvertising- $600 for all six shows on both weekendsSalary and payroll-$3000 for all six shows for both weekendsInsurance- $2000 for all six shows for both weekendsFood for Crew and Artists- $500 for all six shows for both weekendsCostume and Makeup- $1,000 for all six shows for both weekendsMiscellaneous-$200 for all six shows for both weekendsComputer and Video Equipment- $1000 for all six shows for both weekendsSet Design- $5000 for all six shows for both weekends which will last all year.Legal Expenses- $2000 for the month of January.Please use the break-even point formula: BEP = FC / (P - AVC)
Answers
The break-even point for this theatrical production is 906 tickets (rounded up). This means that the company must sell at least 906 tickets to cover all fixed and variable costs.
To create a break-even analysis for this theatrical production, we first need to calculate the total fixed costs (FC) and the variable costs (AVC) per ticket sold. Total fixed costs for the month of January are:
Theatre rental: $3000
Advertising: $600
Salary and payroll: $3000
Insurance: $2000
Food for Crew and Artists: $500
Costume and Makeup: $1000
Miscellaneous: $200
Computer and Video Equipment: $1000
Set Design: $5000 (for the whole year but allocated to January's shows)
Legal Expenses: $2000
Total fixed costs = $19,300
Variable costs per ticket sold are:
Ticket price: $35
Total seats available: 500
Total tickets sold (assuming sold out shows): 500 x 3 = 1500
Variable costs per ticket: (Total fixed costs + Set Design) / Total tickets sold
Variable costs per ticket: ($19,300 + $5000) / 1500
Variable costs per ticket: $16.20
Now we can use the break-even point formula:
BEP = FC / (P - AVC)
BEP = $19,300 / ($35 - $16.20)
BEP = 905.14
Therefore, the break-even point for this theatrical production is 906 tickets (rounded up). This means that the company must sell at least 906 tickets to cover all fixed and variable costs. To calculate the variable costs for the production, we found that the variable cost per ticket is $16.20. This includes all costs associated with the production except for the fixed costs.
Learn more about break-even point https://brainly.com/question/15281855
#SPJ11
In which countries do people prefer discussing business during meals?
Answers
Which occurrence is an emerging trend in International agricultural marketing? A the percentage of agricultural trade is decreasing В. the percentage of agricultural trade is increasing C.agricultural markets around the world are shrinking D. developing nations have moved from net importers to net exporters E. developed nations have stopped trading in agriculture
Answers
Answer:
answer is b
Explanation:
Answer:
the answer is b
Explanation:
i got it right on edmentum
How do credit card companies use a person's credit report?
A.) To determine if that person should be given a loan or credit card
B.) To calculate how much interest the person is owed on their account
C.) To help them figure out ways to pay off their outstanding debt
D.) To figure out if that person has been using a budget
Answers
Answer:
The answer is the letter A
Answer:
A
Explanation:
.A product focused, single piece flow, pull production system would be called a:____. A.cellular layout. B.job shop. C.assembly line, D.non-repetitive
Answers
A product focused, single piece flow, pull production system would be called a cellular layout.
A cellular layout is a type of manufacturing layout that groups together machines and workstations to produce a family of similar products or components. It is designed to facilitate a product-focused, single-piece flow, pull production system.
In a cellular layout, the workstations are arranged in a way that allows for the efficient flow of materials and products between them, with minimal handling and transportation. The focus is on producing high-quality products with minimal waste and lead time, by eliminating unnecessary steps in the production process.
The pull production system used in a cellular layout is based on customer demand and relies on signals from downstream processes to trigger the release of materials and products from upstream processes. This helps to ensure that production is aligned with actual customer demand, and that excess inventory and waste are minimized.
In summary, a product-focused, single-piece flow, pull production system would be called a cellular layout, which is a type of manufacturing layout designed to facilitate the efficient flow of materials and products between workstations to produce a family of similar products or components.
Learn more about manufacturing here:
https://brainly.com/question/14275016
#SPJ11
what is the before-tax cost of debt? 3 decimals attempt 1/10 for 1.5 pts. part 5 what is the company's weighted average cost of capital?
Answers
The before-tax cost of debt is the cost a company incurs to borrow money before considering the effects of taxes. the weighted average cost of capital is the average cost a company incurs to finance its operations through equity and debt, and it is an important metric used to evaluate investment opportunities and make financial decisions.
It is calculated by dividing the annual interest payments by the total amount of debt. For example, if a company pays $10,000 in interest on a $100,000 debt, the before-tax cost of debt would be 10%.
To calculate the weighted average cost of capital (WACC), a company needs to consider its cost of equity and cost of debt, weighted by the proportion of each in the company's capital structure. The WACC represents the minimum return a company needs to earn on its investments to satisfy its investors and lenders.
For example, if a company has a cost of equity of 12% and a before-tax cost of debt of 8%, with a capital structure of 60% equity and 40% debt, the WACC would be calculated as:
WACC = (0.60 x 12%) + (0.40 x 8%) = 9.6%
To know more about before-tax refer here:
https://brainly.com/question/4389892#
#SPJ11
An innovative business idea that no one has never had
Answers
An innovative business idea that no one has never had is Offering virtual assistance to other businesses.
What is innovative business idea ?innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.
It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.
Read more about business at:
https://brainly.com/question/26106218
#SPJ1
Complete question:
State An innovative business idea that no one has never had
Based on your car budget ($561.11), what is the most expensive car you can afford to buy or lease?
Prima
Diabalo
Yummer
Posh
Stallion
DMW
Coarser
Answers
Answer:
Coarser
Explanation:
Based on the car budget of $561.11, the most expensive car that can be afforded to buy or lease is Coarser.
What is a budget?A budget is a calculating plan, typically financial but not always, for a specific time frame, mostly for one year or one month. Predicted sales and revenue amounts, resource quantities (such as time, costs, and expenses), environmental impacts (such as greenhouse gas emissions), other impacts, assets, liabilities, and cash flows are all possible inclusions in a budget.
In a budget, intended expenses are expressed together with suggestions for how to fund them. A budget can show a surplus of resources for later use or a deficit if expenses are greater than income or other resources.
Therefore, with a budget constraint of $561.11, the most expensive car will be Coarser.
To learn more about budget, click here:
https://brainly.com/question/15683430
#SPJ3
Which of the following is true regarding states that have adopted the reasonably foreseeable users test for accountant liability to
third parties?
Answers
The reasonably foreseeable users test holds an accountant liable to any third-party who was or should have been foreseen as a possible user of the accountant's work product and did, in fact, use and rely upon that work product for a proper business purpose.
What is accountant?By gathering, monitoring, and making necessary corrections to the company's finances, an accountant assists organisations in making important financial decisions. Financial audits, bank statement reconciliation, and ensuring that financial records are accurate all year long are under their purview.
Account analysis, auditing, and financial statement analysis are examples of professional accounting duties carried out by accountants. Accountants can work for an accounting firm, a sizable business with an internal accounting division, or they can open their own practise.
These four areas of accounting are forensic, corporate, public, and governmental. For any accounting employment, an undergraduate degree is typically a requirement, however prior master's work—especially in the accounting field—is frequently greatly encouraged.
To learn more about accountant visit:
https://brainly.com/question/14138124
#SPJ13
Create a minimum of 10 questions that you will ask your potential marketing client in order to be able to create and develop an advertising campaign for them. Utilize the information in the focus section above and in your course lessons. You will need to gather information about their company and its values, the area of focus for the ad campaign, target market, and other pertinent information.
Answers
Answer:
1. Are you advertising to a specific group of people/ Who is your target audience?
2. How would you reach out to that audience/What emotions are you trying to trigger within their minds?
3. How would you justify your prices?
4. Is your idea viable in the current market?
5. How would you differentiate your goods and services from any other similar products in the industry?
These are just examples. Hope this helps!
You have decided to pursue a career in nursing. You are willing to relocate based on salary differences. The states you are willing to relocate to have the following average hourly wages: NY = $33.55, MA = $33.37, CA = $31.54, and FL $24.58. What is the mean salary for these options?
Answers
Your answer :
The mean of salary for these options is $30.76\
hope I helped. :)
If bids on keywords in a bid strategy are manually overwritten, how long will it take for the bid strategy to resume bidding on those keywords
Answers
Answer: 24 hours
Explanation:
When the max CPC is manually overriden, the new max CPC will remain for 24hours, this would make the search Ads 360 optimization system not to update the max CPC during this time. After 24hours margin, the search Ads 360 will resume optimizing your bids inorder to meet the goals of bid strategy in turn starts the max CPC manually.
why do you think business organization need to hire people? write at least three sentence in your answer sheet.pls
Answers
Answer:
So why does a company hire a person?
Explanation:
It isn’t to have more people around. The goal of any company isn’t to rack up its number of employees. In fact, the goal of most companies is generally the exact opposite to that, to have the fewest employees possible it needs to be successful.
Less and less do companies hire because they need a very specific task done. In the days of old, companies would hire someone to do the same task over and over again, like hammering the same nail to connect the same two parts all day long. Most of those jobs now are automated, as employers have found cheaper and often more productive alternatives to humans for that work.
No, to understand why employers hire, instead of just using a piece of software or a robot, one first has to understand the unique value proposition a human has. What is it? Well, really it has everything to do with our brain, and our unique ability to conjure up creative solutions to complex problems.
An employer hires a person because their unique value proposition, i.e. generally their ability to think, fixes a business problem they face and there are no other cheaper or more effective alternatives.
For example, a company hires a marketer because they face a business problem: a lack of customers. The marketer’s job is to increase the amount of customers anyway they can, whether it be through email marketing, social media, publicity stunts, etc. The marketer’s job is to constantly solve a problem – in this case getting more customers – that cannot be solved by a machine.
Because most of the jobs that require minimal thought have become or soon will become automated, the jobs that are left require someone who is creative, can learn quickly and is always willing to adapt to new problems thrown their way. So the question therein lies for the employer: how do you figure out who those people are?
The answer is not to look at a pile of resumes and select the two or three best to bring in for an interview. The answer is to screen all candidates through an interview, perhaps best done using a program like VoiceGlance, and ask them challenging questions that reveal those candidates’ line-of-thinking. With that information, companies can discover the employees they really want – the problem solvers – who will lead them to success.
The reason why I think business organization needs to hire people is:
To help in the production processAccording to the given question, we are asked to show the reason why I think business organization need to hire people and how it affects business.
As a result of this, we can see that a business organization has to hire people so that they can help with the production process which is important as they would be in charge of the branding, packaging, marketing and other aspects of business.
Read more here:
https://brainly.com/question/18589671
Post-secondary education is
Answers
DescriptionTertiary education, also referred to as third-level, third-stage or post-secondary education, is the educational level following the completion of secondary education.
The TieDown Company has been an established company in the United States since 1938. It manufactures specialty fastening materials used by trucking, storage, and construction firms. It is increasingly facing competition from companies that have manufacturing facilities around the world. Many of those companies have lower production costs, allowing them to undercut TieDown’s prices to customers. Several of TieDown’s U.S. competitors have moved manufacturing facilities to other countries where wage rates are lower, whereas others have either been bought out by foreign firms or have gone out of business. TieDown’s management wants to remain in the United States and retain its loyal employees, but it has to find a way to reduce costs. Profits have been declining, and it is clear that major changes must be undertaken. After careful thought and study, the company’s executive team has developed a strategy it believes will allow TieDown to remain in its current location, become competitive once again, and return to its previous level of profitability over a period of five years.
As a part of its new strategy, the company will implement a major change in the way it produces its belts and fasteners. In the past, most production was handled by skilled machine operators who completed a three-year apprenticeship program before operating the manufacturing equipment on their own. A new computerized manufacturing process will allow the main production activities to be performed by people with fewer skills who require only a very short training period. That means the company will reduce the number of machine operators by 20 percent and will cut the pay rate for machine operators by $6 per hour. However, the company will need a number of computer programmers and computer technicians for the new equipment. Those jobs will pay $5 per hour more than the average skilled machine operator is currently making.
TieDown will encourage the current operators to switch jobs and will provide the needed training for the new computer jobs. It is expected that nearly half of the current machine operators will be able to switch jobs if they choose to do so. The rest can be employed in the new production jobs but will have to take the lower pay rate for the job. To make the change easier for those operators, TieDown will provide a one-time payment equal to one month’s wages to help them with the adjustment to the new job and pay rate.
base your questions on what you have learned in the textbook!
Think Critically ANSWER THE QUESTIONS BELOW
1.What is your opinion of TieDown’s plans for the change to the new production equipment and jobs?
2,What would you recommend that the company do, if anything, for the machine operators who are not hired for the computer positions and choose not to accept the pay reduction?
3.As the production manager, explain how you would handle the changes described to get employee support.
Answers
My opinion concerning TieDown's new production strategy to cut cost is that is will generally lead to more revenue for the company but it will demoralize its operators.
I would recommend that the company pays them a one-time payment which is equal to their three months wages or employ them in other areas of the supply chain.
As a production manager, I will introduce a productivity allowance and this will serve as an incentive to hardworking employees.
What is Productivity Allowance?Productivity allowance is a payment made as an incentive to reward hardworking employees for their contribution to company's revenue generation.
Productivity allowance is usually measured after the company must have met and exceeded its expected revenue for the financial year. Any excess money generated by the company can then be shared amongst its employees depending of their positions in the company.
Learn more about Productivity at https://brainly.com/question/2992817
#SPJ1
Why is it important for people to be careful to manage their debts?
Answers
Answer:
A debt management company can help by analysing your situation and giving you good advice on the best debt solution to suit your needs. A debt consolidation loan may also be a good way of arranging your debt and making it easier to pay back
Explanation:
Hope this helped Mark BRAINLIEST!!!
a market-based economy frequently produces boom-and-bust cycles.
Answers
Market-based economy frequently produces boom-and-bust cycles. When a recession hits, businesses reduce their operations, including reducing employee hours or laying off workers, resulting in reduced production.
A market-based economy is frequently unstable and regularly encounters boom-and-bust cycles, causing economic instability. Market cycles are a pattern of ups and downs, characterized by high production and increased consumption in the growth or boom cycle and low production and decreased consumption in the contraction or bust cycle.The ups and downs, including the extremes, are typically brief and lead to market recovery. However, in more severe market cycles, the impact on the economy can be catastrophic, with millions of people losing their jobs and the government taking on more debt to avoid a recession.
The causes of market cycles include supply and demand, investor expectations, and business cycles. Supply and demand are among the most crucial determinants of market cycles. When demand exceeds supply, the economy grows, and when supply exceeds demand, the economy contracts. However, investor expectations play a significant role in determining the economy's growth. When investors expect good economic times, they invest in stocks and other assets, driving up prices. Conversely, when investors expect bad economic times, they sell their stocks, leading to a decline in asset prices.
To know more about employee visit:
https://brainly.com/question/18633637
#SPJ11
a neurosurgeon is saving for retirement and invests $25,000 at a rate of 5.63% per year compounded continuously. if the neurosurgeon plans to retire in 25 years, what is the final value of the investment? round the answer to the nearest penny.
Answers
The investment's total value is $102,204.10 From the formula of continuously compounded interest, we have
A = Pe^(rt)
Where,
P is the principal amount of money,
R is the annual interest rate in decimal form,
T is the time the money is invested in years,
e is a mathematical constant approximately equal to 2.71828,
A is the final amount of money in the account after T years.
Substituting the given values in the above formula, we get
A = $25,000e^(0.0563×25)
A = $25,000e^1.4075
A = $25,000×4.08816
A = $102,204.10
Hence, the final value of the investment is $102,204.10 (rounded to the nearest penny).
A neurosurgeon is saving for retirement and invests $25,000 at a rate of 5.63% per year compounded continuously.
If the neurosurgeon plans to retire in 25 years, what is the final value of the investment?To find the final value of the investment, we can use the formula for continuously compounded interest.
A = Pe^(rt)
Where,
P is the principal amount of money,
R is the annual interest rate in decimal form,
T is the time the money is invested in years,
e is a mathematical constant approximately equal to 2.71828,
A is the final amount of money in the account after T years.
Substituting the given values in the above formula, we get
A = $25,000e^(0.0563×25)
A = $25,000e^1.4075
A = $25,000×4.08816
A = $102,204.10
Therefore, the final value of the investment is $102,204.10 (rounded to the nearest penny).
Learn more about compounded interest: https://brainly.com/question/14295570
#SPJ11