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guapka [62]
2 years ago
15

Lorenzo was complaining about his workload before the staff meeting began. Later, when the manager announced that 12 parking spa

ces would be lost due to construction across the street, he raised his hand and asked, "Then where exactly do you expect us to park?" The manager tried to provide some recommendations, but Lorenzo continued to complain until the manager gave up and announced the meeting was over. What could Lorenzo do to make the next meeting more effective and productive?
Business
1 answer:
sleet_krkn [62]2 years ago
8 0

Answer:

Bring a positive attitude

Explanation:

In this scenario Lorenzo already had a negative attitude before the meeting and was complaining about the workload he had.

This negative attitude made him to be inconsiderate of all recommendations made by his manager with regards to the 12 parking spaces that will be lost.

Bringing a positive attitude to the next meeting will help Lorenzo keep an open mind to alternative solutions, and he can even propose some way to get around the lost parking spaces.

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Kendra’s Quilts makes custom baby quilts embroidered with the baby’s name and date of birth. The company is considering the purc
maxonik [38]

Answer:

They should purchase the machine.

Explanation:

Giving the following information:

The company is considering the purchase of a new embroidery machine that costs $75,000. The increased efficiency of the new machine would allow the company to increase revenue by 50%, from $250,000 to $375,000 annually. Direct labor costs would increase by $15,000, and fixed costs (not including depreciation on the machine) would increase by $12,500.

Effect on income= 125,000 - 75,000 - 15,000 - 12,500= $22,500

They should purchase the machine.

8 0
2 years ago
Classify each of the following costs as relevant or irrelevant to the decision at hand and briefly explain your reason. a. The p
jasenka [17]

Answer:

a. The purchase price of the old computer when replacing it with a new computer with improved features - <u>Irrelevant cost</u>

Sunk costs are considered irrelevant and the price of the old computer is a sunk cost as it has already been incurred.

b. The cost of renovations when deciding whether to build a new office building or to renovate the existing office building - <u>Relevant</u>

The cost of renovations will help the company decide which alternative is cheaper between building a new office or renovating.

c. The original cost of the current stove when selecting a new, more efficient stove for a restaurant. - <u>Irrelevant </u>

Like the first, this is a sunk cost so it is irrelevant.

d. Local tax incentives when selecting the location of a new office complex for a ­company’s headquarters. -<u> Relevant</u>

Local tax incentives could reduce cost of operation so is relevant when choosing headquarter location.

e. The fair market value (trade-in value) of the existing forklift when deciding whether to replace it with a new, more efficient model. - <u>Relevant</u>

The existing machine can be traded in for part of the cost of a new one using its market value to reduce the cost of the new one. It is relevant.

f. Fuel economy when purchasing new trucks for the delivery fleet. - <u>Relevant. </u>

Higher fuel economy can reduce cost of transportation so is a relevant cost.

g. The cost of production when determining whether to continue to manufacture the screen for a smartphone or to purchase it from an outside supplier. - <u>Relevant.</u>

This is a relevant cost because the it will help the company decide the cheaper alternative.

h. The cost of land when determining where to build a new call center. - <u>Relevant.</u>

Some land will be in areas that will have higher real estate prices. Your preferred cost of land will help determine which areas to look for locations in.

i. The average cost of vehicle operation when purchasing a new delivery van. - <u>Relevant.</u>

If this cost is too high it will increase expenses. It is a relevant cost to note for cost maximisation.

j. Real estate property tax rates when selecting the location for a new order processing center. - <u>Relevant</u>

Real estate taxes need to be known so that cost estimation can be made on the order processing center.

6 0
2 years ago
A company uses an activity-based costing system composed of three processes: tooling, processing, and resources. The company has
Serga [27]

Answer:

d. $520,000

Explanation:

Provided information,

Activities                         Cost                  Cost drivers

Tooling                      $500,000                  25 setups

Processing               $2,000,000                20,000 direct labors

Resources                  $800,000                 40,000 square feet

Rate per activity

Tooling = \frac{500,000}{25} = $20,000 per setup

Processing = \frac{2,000,000}{20,000} = 100 per labor hour

Resources = \frac{800,000}{40,000} = 20 per feet.

Information for Product D

3 setups = 3 \times $20,000 = $60,000

3,000 direct labor hours = 3,000 \times $100 = $300,000

8,000 square feet = 8,000 \times $20 = $160,000

Total overhead cost assigned = $60,000 + $300,000 + $160,000 = $520,000

3 0
2 years ago
On January 1, Year 1, Pacific Corporation acquired 75% of Sand Corporation's 200,000 outstanding common shares for $2,850,000. O
Allisa [31]

Answer:

$112,500

Explanation:

The good will to be reported in the balance sheet of the Pacific Corporation as at December 31 shall be determined using the following mentioned  method:

Cost to acquire share of the Pacific Corporation             $2,850,000

Less:Net Assets Acquired of Sand Corporation

       Sand Net Assets                     $3,000,000

       Excess value of land               $200,000

       Excess value of equipment    $150,000

       Fair value of non-compete     $300,000

                                                       $3,650,000                 ($3,650,000)    

Add:Net Assets portion of the Non controlling interest   $912,500

($3,650,000*25%)

Good will                                                                              $112,500

3 0
2 years ago
a) Sixteen years ago your parents opened a saving account in your name and made a lump sum deposit, today the balance of this ac
Sonbull [250]

Answer:

$102,348.034

Explanation:

It is a simple problem of Compound Interest, we have to find the Principle amount invested.

Given:

Future value (F) = $260,000

Rate(R) = 6% = 6/100 = 0.06

Number of years (n) = 16 years

Initial deposit (C) = ?

Calculation:

Future value (F) = C\times (1+R)^n\\Future value (F) = C (1+0.06)^{16}\\260,000 = C(2.54035168)

$260,000/2.54035168 = C

$102,348.034 = C

So, Initial cash Deposit = $102,348.034

8 0
2 years ago
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