Cardinal Company is considering a five-year project that would require a $2,500,000 investment in equipment with a useful life of five years and no salvage value. The companyâs discount rate is 12%.
The project would provide net operating income in each of five years as follows:
Sales $ 2,853,000
Variable expenses 1,200,000
Contribution margin 1,653,000
Fixed expenses:
Advertising, salaries, and other fixed out-of-pocket costs $ 790,000
Depreciation 500,000
Total fixed expenses 1,290,000
Net operating income $ 363,000
Answers
Cardinal Company is considering a five-year project that requires a $2,500,000 investment in equipment and is expected to generate a net operating income of $363,000 per year for five years.
The company will need to evaluate the project based on their 12% discount rate to determine if it is a worthwhile investment.
The project would provide net operating income in each of the five years as follows:
1. Calculate the contribution margin: Sales ($2,853,000) - Variable expenses ($1,200,000) = $1,653,000
2. Calculate total fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs ($790,000) + Depreciation ($500,000) = $1,290,000
3. Calculate net operating income: Contribution margin ($1,653,000) - Total fixed expenses ($1,290,000) = $363,000
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Related Questions
PLEASE HELP QUICK!!!
Which of the following is an advantage of buying your home over renting?
(1 point)
O You do not have to worry about the housing market in your area.
O The amount you pay each month is set by the terms of your mortgage.
O If something breaks, you have to fix it or pay to have it fixed.
O Your mortgage payments will far exceed the value of your home.
Answers
Answer:
The amount you pay each month is set by the terms of your mortgage.
Explanation:
connexus
Which statement most accurately describes a conflict of commitment? It involves a monetary gain by one party over another party. It occurs when outside activities interfere with one’s responsibilities to an employer. It occurs when an institution does not follow the financial rules from a funding source. It can only occur between an institution and an outside organization.
Answers
Answer:
It occurs when outside activities interfere with one's responsibilities to an employer
Explanation:
Conflict of commitment occurs when the commitment of an employer to a defined terms of employment is shared with other engagements, either personal or with other parties which could lead to a decline in efficiency due to loss of maximum concentration.
This may not necessarily involve monetary gain but has a whole lot of ways through which it can affect productivity as concentration is shared.
It is always good to define activities that constitute conflict of commitment right from the time of forming an employment contract so that an employee can be guided with it.
Drag the tiles to the correct boxes to complete the pairs. Match the different types of communications with their descriptions. Tiles business letter business report note memorandum Pairs a formal way to communicate with people outside your organization arrowBoth an informal handwritten message arrowBoth a formal way to communicate with people inside your office arrowBoth a way to communicate financial information arrowBoth
Answers
Answer:
Matching the different types of communications with their descriptions:
Types of Communication Descriptions
business letter : a formal way to communicate with people
outside your organization
business report : a way to communicate financial information
note : an informal handwritten message
memorandum : a formal way to communicate with people
inside your office
Explanation:
a) Data:
Types of Communication:
business letter
business report
note
memorandum
Pairs
a formal way to communicate with people outside your organization
an informal handwritten message
a formal way to communicate with people inside your office
a way to communicate financial information
b) In Business, choosing the means of clear communication is very essential. The format used to communicate internally is not the same format for communicating externally. Even, within an organization, there are still different communication formats. A handwritten note can be used instead of memorandum for some communications depending on the formality required. Presenting a business report is more formalized than a handwritten note, for instance.
Answer:
Business Letter: a formal way to communicate with people outside your organization
Note: an informal handwritten message
Memorandum: an informal way to communicate with people outside your office
Business report: a way to communicate financial information
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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can you use crest toothpaste if you have braces ?
cavities, gingivitis, acid erosion, sensitivity, plaque, tartar , whitening, freshens breath
Answers
Yes you can
Answer:
Yes yu can i have braces
Explanation:
What international entity focuses on maintaining order in the international monetary system (for example, currency issues)?
Answers
The international entity that focuses on maintaining order in the international monetary system (for example, currency issues) is the international monetary fund(IMF).
To maintain stability and prevent crises in the international monetary system, the international monetary fund (IMF) keeps a regular policy dialogue with the governments of its member countries. It assesses economic conditions and recommends policies that enable sustainable growth. The IMF also monitors regional and global economic and financial developments.
The International Monetary Fund (IMF) is an international organization that promotes global economic growth and financial stability, encourages international trade, and reduces poverty. One of the IMF's most important functions is to make loans to countries that are experiencing economic distress to prevent or mitigate financial crises.
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A comparative balance sheet for Anthro Corp. follows. Net income for 2020 was $25,000, and cash dividends of $10,000 were paid in 2020. No buildings and equipment were sold in 2020 and land was sold at cost.
Please prepare a statement of cash flows for the year using the indirect method to present cash flows from operating activities.
Indirect Method - Preparing a Statement of Cash Flov A comparative balance sheet for Anthro Corp. follows. Ne Comparative Balance Sheet December 31 2019 2020 Assets Cash $20,000 $38,000 Accounts receivable 150,000 170,000 Inventory 200,000 230,000 Land 85,000 70,000 Building and equipment 175,000 200,000 Accumulated depreciation (65,000) (80,000) Total assets $565,000 $628,000 Liabilities and Stockholders' Equity Accounts payable $75,000 $90,000 Income taxes payable 42,000 30,000 Notes payable (long-term) 80,000 100,000 Preferred stock 75,000 75,000 Common stock (no-par) 175,000 200,000 Retained earnings 118,000 133,000 Total liabilities and stockholders' equity $565,000 $628,000 Prepare a statement of cash flows for the year ended Dece 55°F Mostly sunny Prepare a statement of cash flows for the year ended Decemb $ 0 0 0 Statement of Cash Flows For Year Ended December 31, 2020 Cash flows from operating activities Net income Adjustments: Depreciation expense Increase in accounts receivable Increase in inventory Increase in accounts payable Decrease in income taxes payable Net cash provided (used) by operating activities Cash flows from investing activities Sale of land Purchase of building and equipment Net cash provided (used) by investing activities Cash flows from financing activities Issuance on long-term debt issuance Issuance of common stock Cash paid for dividends Net cash provided (used) by financing activities Net increase in cash during 2020 Cash, January 1, 2020 Cash, December 31, 2020 0 0 0 0 0 0 0 0 0 0 $ 0 Previous Save Answers
Answers
Statement of Cash Flows For Year Ended December 31, 2020 .Cash flows from operating activities: Net income: $25,000
Adjustments:
Depreciation expense: ($80,000 - $65,000) = $15,000
Increase in accounts receivable: ($170,000 - $150,000) = -$20,000
Increase in inventory: ($230,000 - $200,000) = -$30,000
Increase in accounts payable: ($90,000 - $75,000) = $15,000
Decrease in income taxes payable: ($30,000 - $42,000) = -$12,000
Net cash provided (used) by operating activities: $25,000 + $15,000 - $20,000 - $30,000 + $15,000 - $12,000 = -$7,000
Cash flows from investing activities:
Sale of land: $0 (sold at cost)
Purchase of building and equipment: ($200,000 - $175,000) = -$25,000
Net cash provided (used) by investing activities: -$25,000
Cash flows from financing activities:
Issuance of long-term debt: ($100,000 - $80,000) = $20,000
Issuance of common stock: ($200,000 - $175,000) = $25,000
Cash paid for dividends: -$10,000
Net cash provided (used) by financing activities: $20,000 + $25,000 - $10,000 = $35,000
Net increase in cash during 2020: -$7,000 - $25,000 + $35,000 = $3,000
Cash, January 1, 2020: $20,000
Cash, December 31, 2020: $20,000 + $3,000 = $23,000
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If you were to put together the lesson learned from the cases of Anna. Isabelle, and Genie, you would correctly conclude that
a. the effect of long-term social isolation can never be overcome in any situation
b. the effect of long-term social isolation can be overcome in a relatively short time.
c. social experience plays a crucial part in forming human personality
d. both social experience and the presence of the birth mother are crucial to early development.
Answers
The answer is that social experience plays a crucial part in forming human personality, and both social experience and the presence of the birth mother are crucial to early development. The correct answer is option d.
These are the lessons learned from the cases of Anna, Isabelle, and Genie.Social experience plays a crucial part in forming human personalityIt's necessary for humans to be socialized from a young age, and social isolation can have devastating effects on human growth and personality. Social experience is essential in forming human personality and plays a crucial role in the growth and development of children.
Children who are deprived of social experiences, such as Anna, Isabelle, and Genie, find it challenging to interact with other people and develop healthy relationships with others.The effect of long-term social isolation can be overcome in a relatively short timeIn the case of Genie, she was able to overcome her social isolation to a significant extent, and her social abilities improved after several years of rehabilitation.
The fact that she could adapt to the new environment demonstrated that even if social isolation occurs, it can be reversed with social interaction. Therefore, the impact of social isolation can be overcome in a relatively short time.Social experience and the presence of the birth mother are crucial to early development
The presence of a mother is crucial to the growth and development of a child. A mother's care and love are essential for a child to develop a healthy and happy life. In the cases of Anna, Isabelle, and Genie, the absence of a mother or any other positive social interaction had a significant impact on their growth and development. Therefore, both social experience and the presence of the birth mother are crucial to early development. The correct answer is option d.
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The website leftyslefthand. Com markets products to left-handed consumers only. Which targeting strategy does this represent?.
Answers
The website leftyslefthand. Com markets products to left-handed consumers only Concentrated marketing targeting strategy does this represent.
An individual or group that does not directly engage in entrepreneurial or business operations but who intends to order or uses purchased items, products, or services primarily for personal, social, family, or household needs is referred to as a consumers. A consumers purchases goods or services primarily for personal use in an economy rather than for resale or other business objectives. Customers make a financial (or comparable) payment for goods or services. Marketing is the process of identifying, producing, and providing value to satisfy a target market's wants for goods and services. Marketing is normally carried out by the seller, who is usually a retailer or manufacturer. A specialized marketing company or advertising agency may be hired on occasion to complete responsibilities.
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List the four ways to become a business owner.
Answers
Answer:
1. Start your own business;
2.Take over a family-owned business.
3. Buy a franchise.
4. Buy an existing operating business.
Take over a family owned business
Buy a franchise
Buy an existing operating business
In the first two years of a new car's life, it loses:
Answers
Answer:
30% of the resale value
Explanation:
In business, a group of people who work together in an attempt to achieve some specific purpose is known as a(n) _____. Multiple choice question
Answers
A team is a collection of individuals working towards a common goal or set of goals. In order to fulfil a shared mission or particular goal, a team is made up of individuals who work together on a variety of interdependent duties.
Some teams only last for a certain amount of time, such as design teams working on brand-new products or teams dedicated to continual process improvement. Others are ongoing, like a department team that frequently meets to discuss objectives, activities, and performance. Careful alignment is necessary in a large-team organisation. Although the structure will become more complicated as teams and people interact with other teams, the fundamentals of building understanding and trust will still be applicable. Knowing how various organisational units and processes are interconnected.
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Chapter 3-22 Recording adopted budget (L03-5) The town of willingdon adopted the following general fund budget for the fiscal year beginning July 1
Prepare journal entries to record the adopted budget
Answers
Journal entries are a way to record financial transactions in accounting. Each journal entry consists of at least two parts: a debit and a credit. The debit and credit amounts must always be equal, which is known as the accounting equation of Assets = Liabilities + Equity.
The general journal entries to record the adopted budget at the beginning of the fiscal year would be:
Debit: Estimated Revenues - Taxes $14,900,000
Debit: Estimated Revenues - Intergovernmental Revenues $600,000
Debit: Estimated Revenues - Charges for Services $810,500
Debit: Estimated Revenues - Fines and Forfeits $150,000
Debit: Estimated Revenues - Miscellaneous Revenues $98,200
Credit: Appropriations - General Government $5,400,000
Credit: Appropriations - Public Safety $8,550,000
Credit: Appropriations - Public Works $1,540,000
Credit: Appropriations - Culture and Recreation $960,000
Credit: Appropriations - Miscellaneous $80,000
a-2. The entries in the subsidiary ledger accounts would be:
Subsidiary Ledger - Estimated Revenues:
Taxes: Debit $14,900,000
Intergovernmental Revenues: Debit $600,000
Charges for Services: Debit $810,500
Fines and Forfeits: Debit $150,000
Miscellaneous Revenues: Debit $98,200
Subsidiary Ledger - Appropriations:
General Government: Credit $5,400,000
Public Safety: Credit $8,550,000
Public Works: Credit $1,540,000
Culture and Recreation: Credit $960,000
Miscellaneous: Credit $80,000
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Full Question: During July, the first month f the fiscal year, the Town of Willingdon issued the following purchase orders and contracts.
General Government $800,000
Public Safety $400,000
Public works $75,000
Health and welfare $65,000
Miscellaneous $25,000
Total PO and contracts $1,365,000
Prepare the general journal entry to record the issuance of the POs and contracts.
Then show the entries in subsidiary ledger accounts.
Muffy's Muffins had net income of $2,325. The firm retains 60 percent of net income. During the year, the company sold $295 in common stock. What was the cash flow to shareholders?
Answers
Answer:
The total cash flow to shareholders is $635.
Explanation:
The cash flow to shareholders can be determined by subtracting the new equity raised from the dividend paid.
Cash flow to stockholder = dividend paid - new equity raised
Here net income = $2,325
Retained income = 60%
So the dividend percentage =40%
Total dividend = 2325 × 40% = $930
New equity raised= $295
Thus, total cash flow to shareholders= $930 – 295 = $635
What can a boosted post help an advertiser achieve?
Answers
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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The Investment Services business area at Global Banking Inc. is preparing a proposal for a new contract to develop a new internet banking program. The internet banking program must Help four releases to be built 10 months apart beginning 12 months after contract award. The customer requires the product to be fully tested and installed three months before the official releases. The banking program has been estimated to require 40,000 lines of code (8,000 for basic functionality, 8,000 for build 0 unique functionality, 10,000 for build 1 unique functionality, 8,000 for build 2 unique functionality, and 6,000 for build 3 unique functionality). Your organization has not previously developed in this domain so you are using 10 lines of code per day as a very conservative productivity estimate.
What software development process model do you suggest?
Waterfall/Evolutionary
Spiral Model
COTS Integration
Agile Development
Answers
Based on the provided information, the Agile Development model would be the most suitable software development process model for developing the new internet banking program for Global Banking Inc. Here's the rationale for choosing Agile:
1. Iterative and Incremental Development: Agile Development follows an iterative and incremental approach, which aligns well with the requirement of delivering the program in four releases, 10 months apart.
2. Emphasis on Customer Collaboration: Agile Development emphasizes close collaboration with the customer throughout the project.
3. Faster Time-to-Market: Agile Development, with its iterative nature, enables the delivery of working software in shorter cycles. This aligns with the customer's requirement of having the product fully tested and installed three months before the official releases.
4. Ability to Manage Risks: Agile Development promotes risk management throughout the project by identifying and addressing potential challenges early on.
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Below is a project WBS with cost apportioned by percent. If the total project cost is estimated to be $800,000, what are the estimated costs for the following deliverables? (Round the final answer to the nearest dollar)Router systems project$800,000Definition10%Requirements6%Objectives6%Implementation3%Files3%Design40%Interfaces9%Programming 22%In-house testing50%Customer testing and review 10%Inputs Outputs40%a Design?b Programming?c In-house testing?
Answers
Based on the project WBS with cost apportioned by percent, estimated costs for the following deliverables are a) Design = $320,000 b) Programming = 176,000 c) In-house testing = $ 320,000.
The estimated costs for the following deliverables can be found by multiplying the total project cost ($800,000) by the percentage assigned to each deliverable.
a) As Design is allocated 40% of the total project cost:
40% of $800,000 = $320,000
b) As Programming is allocated 22% of the total project cost:
22% of $800,000 = $176,000
c) As In-house testing is allocated 40% of the total project cost:
40% of $800,000 = $320,000
Therefore, the estimated costs for the deliverables are: a) Design: $320,000 b) Programming: $176,000 c) In-house testing: $320,000. These values are rounded to the nearest dollar as requested.
Note: The question is incomplete. The complete question probably is: Below is a project WBS with cost apportioned by percent. If the total project cost is estimated to be $800,000, what are the estimated costs for the following deliverables? (Round the final answer to the nearest dollar) a Design? b Programming? c In-house testing?
Router Systems Project:
Definition (10%): Objectives (4%) + Requirements (6%)
Design (40%): Inputs (3%) + Outputs (3%) + Files (3%) + Interfaces (9%) + Programming (22%)
Implementation (50%): In-house testing (40%) + Customer testing and reviews (10%)
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Your older sister is planning on saving money by paying her bills, spending money on fun, and then saving whatever is leftover. Why is this not the best option for saving her money?
Answers
Answer:
spend money on bills first then food then save the leftover money for later
which of the following is true about corporate boards?
Answers
Corporate boards provide strategic guidance and oversight to the company. This is the true statement about corporate boards. The correct option is c.
A corporate board is a group of people chosen to control and steer a corporation. Shareholders typically elect a board of directors to oversee the corporation's management. A board's responsibilities can include selecting and dismissing key executives, establishing corporate strategy, and monitoring corporate performance.
Corporate boards are not responsible for day-to-day operational decisions, as these are typically delegated to the company's management. The board is responsible for providing guidance to the management and ensuring that they work towards the company's goals.
Corporate boards are typically composed of both company employees and outside individuals with relevant expertise and experience. The board's composition should be such that it can effectively oversee the company and provide guidance to management. In conclusion, corporate boards provide strategic guidance and oversight to the company. The correct option is c.
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NOTE- Complete question is given here
Which of the following is true about corporate boards?
A) Corporate boards are responsible for day-to-day operational decisions.
B) Corporate boards are composed solely of company employees.
C) Corporate boards provide strategic guidance and oversight to the company.
D) Corporate boards are elected by the shareholders of the company.
corporate boards are responsible for overseeing the management and strategic direction of a company, protecting the interests of shareholders, and ensuring the long-term success of the company.
corporate boards play a crucial role in overseeing the management and strategic direction of a company. They are responsible for protecting the interests of shareholders and ensuring the long-term success of the company. Some key characteristics of corporate boards include:
composition: Corporate boards are typically composed of a mix of independent directors and executives from the company. Independent directors provide objectivity in decision-making as they do not have significant financial or personal ties to the company.governance: Corporate boards establish and enforce corporate governance policies and practices. This includes setting ethical standards, determining executive compensation, and managing risks. They also oversee the appointment and evaluation of senior executives.fiduciary duty: Directors have a fiduciary duty to act in the best interests of the company and its shareholders. They must exercise due care, loyalty, and good faith in their decision-making.committees: Corporate boards often have committees, such as audit, compensation, and nominating committees. These committees focus on specific areas of governance and oversight, ensuring specialized expertise and thorough examination of relevant issues.accountability: Corporate boards are accountable to the shareholders and provide regular reports on the company's performance and financial health. They are also responsible for addressing any concerns or conflicts of interest that may arise.These characteristics may vary depending on the specific company and its governance structure.
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"
If the market value of property is $284,500 and the assessment ratio is 35%, what are the monthly taxes if the tax rate is 30 mills?
Answers
With a property market value of $284,500 and an assessment ratio of 35%, the monthly taxes would amount to approximately $248.94, assuming a tax rate of 30 mills.
To calculate the monthly taxes, we need to find the assessed value of the property first. The assessed value is calculated by multiplying the market value by the assessment ratio. Assessed value = Market value * Assessment ratio
Assessed value = $284,500 * 0.35 = $99,575
Next, we need to calculate the annual taxes by multiplying the assessed value by the tax rate.Annual taxes = Assessed value * Tax rate
Annual taxes = $99,575 * (30 mills / 1000) = $2,987.25
Finally, we can calculate the monthly taxes by dividing the annual taxes by 12.Monthly taxes = Annual taxes / 12
Monthly taxes = $2,987.25 / 12 = $248.94 (rounded to the nearest cent)
Therefore, the monthly taxes for the property would be approximately $248.94.
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Potential customers who have the desire and ability to purchase a company's product or service represent a business plan for a company. question 4 options: true false
Answers
The statement potential customers who have the desire and ability to purchase a company's product or service represent a business plan for a company is True.
Who is a potential customerPotential customer can be defined as the person who is ready and willing to buy a product from a company.
A potential customer can tend to represent a business plan for a company based on the fact that every company aim and objective is to sell the product they produce and this product produce can only be bought by customers who have interest in the product.
Therefore the statement is True.
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Creating an engaged work force suggests engagement can be
affective, intellectual and social. Identify are some issues when
measuring work engagement.
write min 400 words
Answers
Employee engagement is a crucial component of a successful company, as an engaged workforce can enhance productivity, employee satisfaction, and customer experience.
Work engagement is defined as a positive psychological state characterized by vigor, dedication, and absorption, which is linked to high levels of work motivation and job satisfaction. Measuring work engagement is crucial for companies who want to enhance employee satisfaction, productivity, and overall business performance.
There are three types of engagement: affective, intellectual, and social. Affective engagement is related to employees' emotional attachment to their work, organization, or colleagues. Intellectual engagement refers to employees' cognitive investment in their work tasks, including their thinking, creativity, and problem-solving skills. Social engagement is related to the quality of employee relationships and the degree of support provided by colleagues, supervisors, and the organization.
Issues when measuring work engagement:
1. Limited understanding of engagement: Many employees are unsure about what engagement entails. Thus, they may not be aware of how to report their engagement accurately, which could lead to inconsistencies in responses.
2. Employee biases: Employees' attitudes toward their work and organization can bias their responses to engagement surveys. Some employees may provide excessively positive responses, while others may answer negatively because of biases like cognitive dissonance, social desirability, or negativity bias.
3. The complexity of engagement: Employee engagement is not a straightforward construct to measure because it is complex and multifaceted. It is not possible to measure employee engagement in isolation, as it interacts with other variables like job satisfaction, motivation, and organizational culture.
4. Inadequate engagement surveys: Many organizations use generic engagement surveys that are not tailored to their industry, business goals, or employees' unique experiences. Using a standardized survey may not capture the nuances of engagement, and the results may not provide actionable insights.
5. Overreliance on surveys: Organizations may rely too heavily on engagement surveys as the main answer to understand employee engagement. Surveys may not be enough, and other methods like focus groups, interviews, and observation may provide more in-depth and detailed answers.
In conclusion, measuring work engagement is crucial for companies, but it can be challenging due to several factors like employees' biases, survey inadequacies, and engagement complexity. Companies should use multiple methods to measure engagement and tailor their surveys to their business goals and industry. Moreover, companies should aim to understand the nuances of engagement by using more in-depth methods like focus groups and interviews.
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In 2020, Rita helped 5 different buyers find new homes. The sale prices of these 5 homes are shown in the table to the right. If Rita made a 3% commission on each house, how much did she make for the entire year, before taxes? You may use a calculator. (2 points).
Answers
As per the information provided, Rita made $45,000 in commission for the entire year before taxes.
To calculate the total commission Rita made for the entire year, we need to find the sum of the commissions earned from each house sale.
We know that Rita made a 3% commission on each house.
Let's assume the sale prices of the five homes are as follows:
- House 1: $200,000
- House 2: $250,000
- House 3: $300,000
- House 4: $350,000
- House 5: $400,000
To calculate the commission earned from each house, we multiply the sale price by the commission rate (3% or 0.03):
- Commission from House 1: $200,000 * 0.03 = $6,000
- Commission from House 2: $250,000 * 0.03 = $7,500
- Commission from House 3: $300,000 * 0.03 = $9,000
- Commission from House 4: $350,000 * 0.03 = $10,500
- Commission from House 5: $400,000 * 0.03 = $12,000
Now, we sum up the commissions earned from each house:
Total commission = $6,000 + $7,500 + $9,000 + $10,500 + $12,000 = $45,000
Therefore, Rita made a total of $45,000 in commission for the entire year before taxes.
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What is the integral part of research?
Answers
Ethics is considered to be an integral part of research from the beginning to the end.
Research is considered to be very critical to societal development. As the research is conducted to study and then generate knowledge, provide useful information, and help the decision-making, among others.
However, ethics are considered to be an important part of the research. Thus, there are several reasons that why it is important in order to adhere to ethical norms. First, the norms tend to promote the aims of research. Research methods are specific procedures to collect and analyze data.
Hence, it also promotes knowledge, truth, and avoids any error.
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An integrated set of performance measures that are derived from the company's strategy is ______.
Answers
An integrated set of performance measures that are derived from the company's strategy is the balanced scorecard,
The Balanced Scorecard is a management system designed to translate an organization's strategic objectives into a set of organizational performance objectives that are measured and monitored as needed to ensure that the organization's strategic objectives are met. , and fixed.
Balanced Scorecard is a strategic performance management tool. A well-structured report that managers can use to track the execution of activities by employees under their control and monitor the results of those actions.
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An item is regularly priced at 70$. It is on sale for 20% off the regular price. What is the sale price?
ITS 7TH GRADE MATH BTW!
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Answer:
it's 56.
Explanation:
70*0.8=56
Marriott’s bonvoy program is an example of a ________blank, which is specifically designed to retain customers by offering premiums or other incentives to customers who make multiple purchases over time.
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Marriott's bonvoy program is an example Loyalty Reward Program.
What is a loyalty program?
Retailers and other businesses who sponsor loyalty programs do so to attract and retain customers by offering rewards, discounts, and other unique incentives.
They are designed to reward clients for their brand or store loyalty and to encourage repeat business (hence the name). A consumer typically obtains greater rewards the more frequently they purchase at the firm and the more money they spend.
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Which leadership skill do you feel is most important for a small business to succeed for a
long time? Explain your answer using examples. It's depends on the business that they are doing because they all have strengths and weakness.
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You are borrowing $17,800 to buy a car. The terms of the loan call for monthly payments for 5 years at 8. 6 percent interest. What is the amount of each payment?.
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The amount of each payment of car borrowing = $366.05 monthly payment .
What's a monthly loan payment?Your monthly payment is what you pay to the lender each month to refund your loan. The quantum you compensate every month depends on the terms of your mortgage loan. This includes the star, which is the factual balance on the loan, and the interest on the loan.
Given :Purchase value of car = $17,800
Loan Period = 5 years
Annual Interest rate = 8.6%
Calculating Monthly Payment of the Loan:(Using Formula);
PV = C × {1-[1/(1+r)t]}/r
$17,800 = Monthly Payment × {1-[1 ÷(1+0.086/12)⁵ˣ¹²]} ÷ 0.086
$17,800 = Monthly Payment × {1-[1÷ (1.00716667)⁶⁰]} ÷ 0.00716667
$17,800 = Monthly Payment × {1-0.651507293} ÷ 0.00716667
$17,800 = Monthly Payment × [0.348492707 ÷ 0.00716667]
$17,800 = Monthly Payment × 48.6268667
Monthly Payment × $48.6268667 = $17,800
Monthly Payment = [$17,800 / $48.6268667]
Monthly Payment = $366.05
Interest payment :
Interest is payment from a borrower or deposit- taking fiscal institution to a lender or depositor of an quantum above prepayment of the top sum, at a particular rate. It's distinct from a figure which the borrower may pay the lender or some third party. Interest is defined as the quantum of plutocrat paid for the use of someone differently plutocrat. An illustration of interest is the$ 20 that was earned this time on your savings regard. An illustration of interest is the$ 2000 you paid in interest this time on your home loan.
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despite talk of the glories of the free market, government policies during the 1950s played a crucial role in the postwar economic boom. true false
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Despite talk of the glories of the free market, government policies during the 1950s did indeed play a crucial role in the postwar economic boom. This statement is true.
During this time, the United States experienced significant economic growth and prosperity. The government implemented policies that directly influenced the economy, stimulating growth and providing stability. Here are some examples:
Infrastructure Investment: The government invested heavily in infrastructure projects such as the construction of highways, bridges, and dams. TIn conclusion, government policies during the 1950s played a crucial role in the postwar economic boom. These policies provided support, incentives, and stability, leading to increased economic growth and prosperity.
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True. Government policies during the 1950s played a crucial role in the postwar economic boom, despite the talk of the glories of the free market.
While the free market is often celebrated for its ability to drive economic growth, government policies in the 1950s had a significant impact on the postwar economic boom. These policies included measures such as the GI Bill, which provided education and housing benefits to veterans, as well as infrastructure investments and the establishment of regulatory frameworks that supported economic development. The statement is true. Despite the common narrative of the free market being solely responsible for economic success, government policies implemented during the 1950s played a crucial role in driving the postwar economic boom.
Government regulations and policies established during the 1950s helped create a stable and predictable business environment. For example, antitrust laws were enforced to prevent monopolistic practices, ensuring fair competition and promoting innovation. The government also implemented policies to stabilize prices and manage inflation, which helped maintain economic stability and confidence.
In conclusion, the talk of the glories of the free market should not overshadow the significant contributions made by government policies during the 1950s. The GI Bill, infrastructure investments, and regulatory frameworks all played a crucial role in driving the postwar economic boom, demonstrating the importance of a balanced approach between free market principles and government intervention.
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