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Damm [24]
2 years ago
15

ABC Company is trying a new method of employee motivation. Entry-level employees undergo a year of close supervision and bi-week

ly coaching sessions that give them the opportunity to ask questions and have their work reviewed by their supervisor. The coach also shows the employee how the individual’s work contributes to the goals of the organization. At the end of the first year, they are given new tasks to do that are related to, but not the same as, the tasks they already perform, because of the close supervision and coaching they received the first year, they are expected to be able to accomplish the new tasks without supervision but may ask for additional coaching if they feel it is needed to perform well. At the end of the third year they are given new tasks and have the option of taking two college classes a semester paid for by the employer. The classes must be related to their job. What type of motivation technique is ABC Company using?
Business
1 answer:
Serhud [2]2 years ago
3 0
<h2>ABC Company is using <u>Job Enrichment </u>Technique.</h2>

Explanation:

ABC Company is trying out the following:

  • Hand-holding the employees according to their expertise and the position that they handle
  • Provide opportunity to grow up the level
  • Make sure that industry goals are achieved
  • Provide task in such a way that it enhances the skills of employee associated with the organization's goal
  • Increasing the challenging level with proper training and guidance

Let us understand the term "Job Enrichment"

It is the "motivation technique" used in the organization to provide greater satisfaction to the employee.

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Q#2 (Chapter 9). A diversified company has decided to use its overall firm WACC as a performance benchmark for rating its divisi
labwork [276]

Answer:

Pros: Use of singe hurdle rate saves time in the evaluation of projects which results in prompt decision making.

Cons: Company may reject good projects and accept bad ones due to the assumptions underlying WACC use in capital budgeting.

Explanation:

Pros of using WACC: The use of WACC implies that the company  uses a single hurdle rate  for all projects, which simplifies the decision making and saves  time when evaluating projects

Cons of using WACC: Use of WACC assumes that  there is no change in capital structure i.e all projects are financed in exactly the same way and all projects have the same risk . These assumptions  may lead to the company rejecting good projects  and accepting bad ones. For example the company may accept a high risk project with a return of 14% when the minimum return that should be accepted according to the high risk divisional WACC is 16%. Likewise, the company may reject a low risk project with a return of 11%, when it is in fact a good project whose minimum return should be 8% as per the low risk divisional WACC.

7 0
2 years ago
Dawn Corp. uses a standard cost system. During the year, both the labor rate variance and the labor efficiency variance were unf
Kisachek [45]

Answer:

Option A is the correct answer (Increases - Increases)

Explanation:

If Dawn had allocated the variances to work in progress rather than on cost of goods sold. Current ratio would increases and the net income would increase also. This is because writing off the variances to cost of goods sold would automatically result into a lower operating income than if it was either prorated to work in progress, finished goods, and cost of goods sold.

8 0
2 years ago
Douglas Diners Inc. charges an initial franchise fee of $90,000 broken down as follows:
Bas_tet [7]

Answer:

b. a credit to Service Revenue for $11,500.

c. a credit to Sales Revenue for $38,500.

Explanation:

The customer pays 40,000 then we solve for the present value of the future payments

30,000 / 1.08 + 30,000/1.08^2 = $ 53,497.94

Is is the amount net of interest that the company is charging the franchisee

<u>The entry would be as follows</u>

Cash   40,000 debit

account receivables 53,497.94 debit

 Sales Revenue               38,500 credit

 Service Revenue             11,500 credit

 Franchise Fee*           53,497.94 credit

As the fanchisee will not recieve further support from the franchisor It is already earned If the franchisee will receive support over the two year period then This would be unearned as the Franchisor has to provide assistance over the years to earned.

4 0
2 years ago
On April 1, 2021, Shoemaker Corporation realizes that one of its main suppliers is having difficulty meeting delivery schedules,
Lyrx [107]

Shoemaker Corporation Journal Entries

1. April 01, 2021

Dr Notes receivable 600,000

Cr Cash600,000

2. December 31,2021

Dr Interest receivable 42,075

Cr Interest revenue 42,075

3. April 01, 2019

Dr Cash 566,100

Cr Notes receivable 510,000

Cr Interest receivable 42,075

CrInterest revenue 14,025

Workings:

2.Interest revenue: $510,000 × 11% × 9/12 = $42,075

3.Interest revenue: $510,000 × 11% × 3/12 = $14,025

42,075+ 14,025=56,100

510,000+ 56,100= 566,100

7 0
2 years ago
EcoSacks manufactures cloth shopping bags. The controller is preparing a budget for the coming year and asks for your assistance
Sidana [21]

Answer:

ECOSACKS

Production  Budget

Sales                               540,000

closing inventory(FG)   <u>  210,000</u>

                                        750,000

Opening Inventory(FG)  <u>( 120,000)</u>

Production                         <u>630,000</u>

<u />

<u>Materials Purchase budget </u>

                                          cotton                    canvas

                                              yards                   yards

Material usage                 <u>630,000</u>                  <u>126,000</u>

Material purchase cost    $2,520,000            $1,512,000

                                 <u>      Labor Budget </u>

labor hour(630,000*0.5)         <u> 315,000</u>

Labour cost (315,000*18)       <u>$5,670,000</u>

<u />

<u>                                        Overhead budget</u>

Production unit                                630,000

Overhead cost ( 630,000*$3.40)      <u>$2,142,000</u>

Explanation:

8 0
2 years ago
Read 2 more answers
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