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zzz [600]
2 years ago
14

After his annual performance appraisal, Joe was disappointed with his 5 percent increase in pay, compared to the 10 percent incr

ease his colleagues received. When Joe spoke to his manager, he was told his colleagues were able to perform well over the minimum standard. Joe had not been aware of the minimum he was expected to achieve or the levels generally achieved by his colleagues. What would best help Joe improve his performance?
Business
1 answer:
7nadin3 [17]2 years ago
7 0

Answer:

Setting specific goals

Explanation:

Because Joe was dissatisfied with his 5 percent rise in pay as opposed to his colleagues '10 percent raise and plus he is not informed of the minimum standard.

So for improving the performance he should set his specific goals so that he should accomplish the company goals and objectives due to which he will get the appraisal next time

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Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.50 per mile driven. Joyce has determined that if
Liono4ka [1.6K]

Answer and Explanation:

The computation is given below:

1.

Given that

Charges per mile = $0.50

Variable Cost per mile driven = $0.20

Fixed Cost = $215

So,  

Contribution Margin per mile = Charges per mile - Variable Cost per mile driven

$0.50 - $0.20

= $0.30

Break-even units (in miles) = Fixed Cost ÷ Contribution Margin per mile

= $215 ÷ $0.30

= 717 miles

2.

Revenue for 4,200 miles is

= $0.50 × 4,200

= $2,100

And,

Variable Cost = $0.20 × 4,200

= $840

Now

Contribution Margin = Revenue - Variable Cost

= $2,100 - $840

= $1,260

And,

Fixed Cost = $215

So,

Net Income = Revenue - Variable Cost - Fixed Cost

= $2,100 - $840 - $215

= $1,045

So,  

Degree of Operating Leverage = Contribution Margin ÷ Net Income

= $1,260 ÷ $1,045

= 1.2057

3.

Degree of Operating Leverage = % Change in Net Income ÷ % Change in Sales

1.2057 = % Change in Net Income ÷ -25%

1.2057 = % Change in Net Income ÷ -0.25

% Change in Net Income = -0.301425

= -30.1425%

8 0
2 years ago
Crane Company can produce and sell only one of the following two products: Oven Contribution Hours Required Margin Per Unit Muff
Makovka662 [10]

The question is reproduced in the table below for clarity                        

                               Oven                                  Contribution

                         Hours Required                 Margin Per Unit

Muffins                        0.2                                           $4

Coffee Cakes        0.3                                        $5

Answer:

Total contribution margin = $ 60,000.00

Explanation:

<em>When a business is faced with a problem of shortage of a resource which can be used to produced more than one product type, to maximize the use of the resource , the business should allocate it for production purpose in  such a way that it maximizes the contribution per unit of the scare resource.</em>

Therefore Crane Company should alocate the oven hours to maximise the contribution per unit of oven hour. This is done as follows:

Step 1

<em>Calculate he contribution per oven hour and rank the product</em>

                                                                      cont/hr                   ranking

Muffin                        $4/0.2 hour =              20                     <em> 1st</em>

Coffee cakes                 $5/0.3 hour=        16.67                      2nd

<em>Because Muffin generates the highest contribution per hour of Oven, Crane should allocate all the resource to it</em>

Step 2

<em>Calculate the Total contribution from the production of Muffin</em>

Total contribution margin = 20 per her × 3000

                                        = $ 60,000.00

8 0
2 years ago
Read 2 more answers
The following information, based on the 12/31/2021 Annual Report to Shareholders of Krafty Foods ($ in millions):
amid [387]

Answer:

Net income$ 1,982

Explanation:

Preparation of income statement for Krafty Foods for the year ended December 31, 2021

Krafty Foods Income Statement For the Year Ended December 31, 2021

($ in millions)

Operating revenues 34,375

Less Cost of goods sold 17,631

Gross profit 16,744

Marketing, general and administration expenses

11,560

Operating income 5,184

(16,744-11,560)

Interest and other debt expense, net

1,537

Income before taxes 3,647

(5,184-1,537)

Income tax expense 1,665

Net income$ 1,982

(3,647-1,665)

Therefore the Net income of the income statement for Krafty Foods for the year ended December 31, 2021 will be $1,982

5 0
2 years ago
On January 1, 2021, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on Septemb
ELEN [110]

Answer:

The correct answer is $60,000.

Explanation:

According to the scenario, the given data are as follows:

Expenditure for Jan.1 = $334,000

Time period ( Jan.1 - Dec.31 ) = 12 months

So, average expenditure = $334,000

Similarly, Expenditure for Sep.1 = $498,000

Time period ( Sep.1 - Dec.31 ) = 4 months

So, average expenditure = $498,000 × 4÷12 = $166,000

Now, Expenditure for Dec.31 = $498,000

Time period ( Dec.31 - Dec.31 ) = 0 months

So, average expenditure = $498,000 × 0÷ 12 = 0

So, capitalized interest = ( average expenditure Jan.1 + average expenditure Sep.1 + average expenditure Dec.31) × 12%

= ($334,000 + $166,000 + $0) × 12%

= $500,000 × 12%

= $60,000

3 0
2 years ago
Which type of decision maker tends to choose the first available option in haste
Anit [1.1K]
The Gut follower or the random chance submitter
3 0
2 years ago
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