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frosja888 [35]
2 years ago
12

Quality Timber Pty Ltd is a well-established logging company. With below-average performance, their packaging department is cons

istently behind schedule. Employees often take long lunch breaks and frequently stop to chat with co-workers. However, the employees get along very well and frequently spend time together, even outside work. In this scenario, the performance norms are _____ and cohesiveness is _____, so productivity is ____.
Business
1 answer:
sashaice [31]2 years ago
8 0

Answer:

Quality Timber Pty Ltd

In this scenario, the performance norms are _below-average____ and cohesiveness is _ high____, so productivity is _low___.

Explanation:

It has been established that group norms influence individual behavior and group performance.  Performance Norms refer to how a person should work in a given group and what his or her output should be.

Cohesion, according to wikipedia.com, "can be more specifically defined as the tendency for a group to be in unity while working towards a goal or to satisfy the emotional needs of its members."  Employees of the packaging department tend to be enjoying so much group cohesiveness.  But, they need to break some habits to focus on achieving corporate goals by increasing their productivity.

According to Paul Krugman of the Organization for Economic Co-operation and Development, "Productivity is commonly defined as a ratio between the output volume and the volume of inputs.  In other words, it measures how efficiently production inputs, such as labour and capital, are being used in an economy to produce a given level of output."  A rough assessment of the packaging department employees' performance shows low productivity, as they are "consistently behind schedule and take long lunch breaks, and frequently chat with co-workers," instead of concentrating on their jobs.

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Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash disbursements (excluding c
WINSTONCH [101]

Answer:

                                           Kayak Co.

                                         Cash Budget

                                                <u>January</u>        <u>February</u>         <u>March</u>

Cash inflows:                         $525,000      $400,000     $450,000                  

Cash outflows:                      ($475,000)    ($350,000)    ($525,000)

Monthly cash flow:                  $50,000        $50,000      ($75,000)          

Monthly interests:                       ($600)             ($106)                 $0

Initial cash balance:                $30,000         $30,000        $69,294

Ending cash balance:             $79,400          $79,894        ($5,706)

Required bank loan:                        $0                   $0         $35,706

Payment of bank loan:          ($49,400)        ($10,600)                $0

Total                                        $30,000         $69,294       $30,000          

Explanation:

                               Cash Receipts          Cash Disbursements

January                      $525,000               $475,000

February                    $400,000               $350,000

March                         $450,000               $525,000

A cash budget is the estimation of the business's future cash flows including estimated revenues and expenses.

6 0
1 year ago
Imagine that you calculate the inflation rate of some economy using the CPI. You get that inflation in 2008 was 22.4%, in 2009 w
Free_Kalibri [48]

Answer:

The calculation will be more accurate, because the base year is the oldest.

CPI is calculated as

(P_n / P_base - 1)*100

as:

P_n prices at time n

The mathematical reason why it is better to take the oldest year is that % growth works better

3 0
2 years ago
All of the following are inventoried under variable costing except: utilities cost consumed in manufacturing. raw materials used
Bogdan [553]

Answer:

The right approach is Option d (Sales commissions).

Explanation:

  • Sales commission seems to be an expense for the time that is not reflected throughout inventory commodity prices. That would be the amount that could be received by a sales agent as well as a sales representative including its price of a property.
  • The cost of products generated, credit card payments, postage charges the sales commission that you will allocate to sales workers are including variable costs.

Some other three choices are not associated with the case in question. So, option d seems to be the right choice.

8 0
1 year ago
Tamara is a Managerial Accountant at Everything New. Everything New manufactures furniture. Tamara purchased leather to be used
Murrr4er [49]

Answer:

B. Raw Materials

Explanation:

Raw materials are the basic components of manufacturing and production process in a goods manufacturing entity.  Raw Materials  are used in the production of a finished products (such as Crude Oil is a raw material for Petrol, Milk is a raw material for Yogurt, Yarn is a raw material for Garment whereas  Petrol, Yogurt and Garment are the finished products).

Keeping in view the above discussion, the leather purchased by the Tamara, to be used on some of the furniture to be manufactured by the Everything New, shall be classified as Raw Materials.

Answer is B. Raw Materials

4 0
1 year ago
Assume Atlantic Fish sells 3,200 pounds of fish per month at a price of $2.90 a pound. The variable cost per pound is $2.22. Cur
blsea [12.9K]

Answer:

The break-even level of sales is equal to 3372.64 pounds.

Explanation:

The quantity of fish sold per month is 3,200 pounds.

The price of fish is $2.90/pound.

The variable cost per pound is $2.22.

The monthly required return is 1.2%.

Contribution per unit will be

=Selling Price-Variable Cost

=$2.9-$2.22

=$0.68 per unit

Loss on account of changing to net 30 policy

=Quantity*Selling Price*required return

=Quantity*$2.9*1.2%

To break even, excess Contribution should be equal to loss on policy change

or,

Here, we assume quantity to be X

(X-3200)*$0.68 = X*$2.9*1.2%

(X-3200)*19.54= X

18.54X=$62,528.74

X=\frac{62,528.74}{18.54}

X=3372.64 pounds

3 0
2 years ago
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