In this case, lateral communication is the best course of action.
Lateral communication is what?At the same organisational level, lateral communication refers to communication between several personnel or divisions. Both lateral communication and horizontal communication are acceptable terms.
In order to facilitate coordination in work activities, lateral communication is the imparting, swapping, or sharing of data, thoughts, or sentiments between individuals within a community, peer groups, divisions, or units of an affiliation who are at or about a comparable hierarchical level as one another.
Lateral communication can take the shape of group-planned meetings, videoconferences, teleconferences, memoranda, letters, emails, gossip, and informal chats.
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Magnificent Blooms is a florist specializing in floral arrangements for weddings, bo graduations, and other events. Magnificent Blooms has a fixed cost associated with space and equipment of $100 per day. Each worker is paid $50 per day. The daily production § function for Magnificent Blooms is shown in the accompanying table. © Macmil Submit All Quantity of labor (workers) 0 1 2 3 4 5 a. Calculate the marginal product of each worker. Quantity of floral arrangements 0 5 9 12 14 15 Marginal product Quantity of labor (workers) 1 2
The marginal product of each worker for Magnificent Blooms is as follows: Worker 0: N/A: Worker 1: 5: Worker 2: 4: Worker 3: 3: Worker 4: 2: Worker 5: 1
To calculate the marginal product of each worker for Magnificent Blooms, we need to determine the change in the quantity of floral arrangements resulting from each additional worker.
Here's how to calculate the marginal product for each worker:
Worker 0: Since there are no workers (0 workers), the quantity of floral arrangements is 0. Therefore, the marginal product for worker 0 cannot be calculated.
Worker 1: The quantity of floral arrangements with 1 worker is 5. To calculate the marginal product for worker 1, we subtract the quantity of floral arrangements with 0 workers from the quantity with 1 worker: 5 - 0 = 5.
Worker 2: The quantity of floral arrangements with 2 workers is 9. To calculate the marginal product for worker 2, we subtract the quantity of floral arrangements with 1 worker from the quantity with 2 workers: 9 - 5 = 4.
Worker 3: The quantity of floral arrangements with 3 workers is 12. To calculate the marginal product for worker 3, we subtract the quantity of floral arrangements with 2 workers from the quantity with 3 workers: 12 - 9 = 3.
Worker 4: The quantity of floral arrangements with 4 workers is 14. To calculate the marginal product for worker 4, we subtract the quantity of floral arrangements with 3 workers from the quantity with 4 workers: 14 - 12 = 2.
Worker 5: The quantity of floral arrangements with 5 workers is 15. To calculate the marginal product for worker 5, we subtract the quantity of floral arrangements with 4 workers from the quantity with 5 workers: 15 - 14 = 1.
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On 1 January 2010 The Happy Haddock Angling Club had the following assets:
RM
Cash at bank
200
Snack bar inventory
800
Club house buildings
12,500
During the year to 31 December 2010 the Club received and paid the following
amounts:
RM
RM
Receipts:
Paymants:
Subscriptions 2010
3,500
Rent and rates
1,500
Subscriptions 2011
380
Extension to dub house
8,000
6,000
3,750
Snack bar purchases
Secretarial expenses
650
240
Snack bar income
Visitors' fees
Loan from bank
Competition fees
5,500
Interest on loan
260
820
Snack bar expense
600
2,000
Games equipment
Balance c/d
500
16,850
16,850
Notes:
The snack bar inventory on 31 December 2010 was RM900
The games equipment should be depreciated by 20%
Required:
a) Prepare an income and expenditure account for the year ended 31 December
2010.
The preparation of an income and expenditure account for the year ended December 31, 2010, for The Happy Haddock Angling Club is as follows:
The Happy Haddock Angling Club
Income and Expenditure AccountFor the year ended December 31, 2010
Snack bar income Rm 6,000
Cost of snacks 3,650
Gross profit from bar 2,350
Snack bar expense 600
Snack bar operating income 1,750
Other expenses:
Rent and rates Rm1,500
Secretarial expenses 240
Interest on loan 260 2,000
Net loss Rm 250
What is an income and expenditure account?An income and expenditure account is the income statement prepared by non-trading entities to determine the surplus or deficit of income over expenditures for a period.
Data and Calculations:Cash at bank Rm 200
Snack bar inventory 800
Clubhouse buildings 12,500
Equity = Rm 13,500 (Rm 200 + 800 + 12,500)
Cash Account:Receipts: Payments:
Subscriptions 2010 Rm3,500 Rent and rates Rm1,500
Subscriptions 2011 380 Extension to dub house 8,000
Snack bar income 6,000 Snack bar purchases 3,750
Visitors' fees 650 Secretarial expenses 240
Loan from bank 5,500 Interest on loan 260
Competition fees 820 Snack bar expense 600
Games equipment 2,000
Balance c/d 500
16,850 16,850
Notes:
The snack bar inventory on 31 December 2010 was RM900
The Games equipment should be depreciated by 20%.
Cost of Snacks Bar Sales:Snack bar inventory 800
Snack bar purchases 3,750
Total snack bar available = Rm 4,550
Snack bar ending inventory Rm 900
Cost of snacks sold = Rm3,650
Games Equipment Depreciation = Rm 400 ( Rm 2,000 x 20%)
Rent and rates Rm1,500
Secretarial expenses 240
Interest on loan 260
Snack bar expense 600
Snack bar income 6,000
Subscriptions 2010 Rm3,500
Visitors' fees 650
Competition fees 820
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If you were the manager of these employees, what would you do to motivate them? Be honest regarding your personal management style and beliefs rather than trying to be like Roy Pelaez.
As the plan changes, one of the finest ways to inspire people is through active participation. Give the team the tools they need to succeed and the freedom to do it their way once they have embraced the new strategic plan and comprehended it.
What leadership style can I utilize to inspire my staff?Positive incentives like incentives, bonuses, and stock options are used in transactional management style to encourage employees to increase their performance. A different way to say it is that the transactional management approach depends on enticing workers with external rewards.
What does self-motivation look like in the workplace?committing time to work outside of the office and volunteering on projects. supplying insightful suggestions to assist the team go forward.
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Explain other advantages of the autociatic leadership style. se Se busines
The autocratic leadership style has several advantages in certain business situations. Firstly, it allows for quick decision-making and efficient execution. In an autocratic leadership approach, the leader has the authority to make decisions without consulting others extensively. This can be advantageous in situations where immediate action is needed or when there is limited time for deliberation. By taking charge and making decisions swiftly, autocratic leaders can ensure that tasks are completed efficiently and objectives are met in a timely manner.
Secondly, autocratic leadership provides clear direction and reduces ambiguity. The leader in this style has a strong control over the decision-making process and can provide clear instructions to their team members. This clarity helps employees understand their roles and responsibilities, minimizing confusion and increasing productivity. Autocratic leaders often set specific goals and expectations, which can be beneficial in situations where precision and adherence to guidelines are crucial.
Additionally, the autocratic style can be effective in organizations or industries that require a hierarchical structure or where strict compliance is necessary. Industries such as the military, manufacturing, or emergency services often rely on autocratic leadership to ensure discipline, maintain order, and promote safety.
However, it is important to note that the autocratic leadership style may not be suitable for all situations or business contexts. It can stifle creativity and innovation by limiting input and involvement from team members. It may also lead to decreased employee satisfaction and motivation, as individuals may feel disempowered or undervalued. Therefore, the autocratic style should be used selectively and combined with other leadership approaches to create a balanced and inclusive organizational culture.
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Upon the transfer of a property from one owner to another, all funds being held for the tenants by the landlord must be transferred to
Upon the transfer of a property from one owner to another, all funds being held for the tenants by the landlord must be transferred to the new owner.
What will happen to all funds being held by tenant Upon the transfer of a property from one owner to another
This includes security deposits, prepaid rent, and other tenant funds that the landlord may be holding on behalf of the tenants. The new owner becomes responsible for managing these funds and complying with any applicable laws and regulations regarding their use and return to tenants.
It is important for landlords and new property owners to carefully document and account for these tenant funds during the transfer process to ensure that all funds are properly accounted for and that tenants are not unfairly impacted by the transfer of ownership.
Hence, the transfer of a property from one owner to another, all funds being held for the tenants by the landlord must be transferred to the new owner.
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What is financial risk?
Answer:
what are the options? then ill reply with an answer.
Financial risk refers to your business' ability to manage your debt and fulfil your financial obligations. This type of risk typically arises due to instabilities, losses in the financial market or movements in stock prices, currencies, interest rates, etc.
Example-Risks include external events and activities, such as natural disasters or disease breakouts leading to employee health issues.
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You are renting a house, and the lease requires the landlord to fix any problems within 10 days. You inform the landlord that the kitchen sink is leaking. The landlord doesn’t fix the sink within 10 days. What has the landlord done?
a) She has participated in a consensus ad idem.
b) She has violated the terms and conditions of the lease.
c) She has offered a consideration.
d) She has lost her power of attorney over the lease.
Answer:
B
Explanation:
The landlord didn't fix the sink in the allotted in the lease thus violating the lease.
As the landlord rented a house and lease requires the landlord to fix any problems within 10 days. For the given case, the landlord has violated the terms and conditions of the lease.
What do you mean by the lease?A lease refers to the contractual arrangement where the lessee pays the lessor for the use of an asset.
As the lease requires the landlord to fix any problems within 10 days. As the kitchen sink is leaking, it is not fixed by the landlord thereby, violated the terms and conditions of the lease.
Therefore, B is the correct option.
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Suppose that Markus Braun was trying to decide where he should open businesses next. He wants to make a rational decision. What should be his first step in making that decision?
a . Define the problem.
b. Generate alternative courses of action.
c, dentify criteria for judging the decision.
d. Compute the optimal decision.
Markus Braun's first step in making a rational decision is a. Define the problem.
The definition of the problem of where to open businesses will enable Markus to:
Establish critical decision criteria that will be used to adjudge the different choices.Ascertain and evaluate the optimal locations that will meet his investment requirements.
Six decision-making processes identified for achieving satisfactory outcomes include:
Step 1 is the Identification of the Problem Step 2 is the Establishment of the Decision Criteria Step 3 is the Weighing of the Decision Criteria Step 4 is the Generation or Identification of Alternatives Step 5 is the Evaluation of Alternatives Step 6 is the Selection of the Best Alternative
Thus, wherever these processes are followed, the probability of achieving favorable outcomes become higher.
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If Country A is an agricultural country and Country B has many cities and factories, it would make sense for
both countries to set up car manufacturing plants.
Country A to specialize in growing corn while Country B specializes in making cars.
Country A to specialize in making cars while Country B specializes in growing corn.
both countries to compete in growing more corn.
Answer:
Country A to specialize in growing corn while country B specializes in making cars
Which theme can be found in both "If" and The Jungle Book by Rudyard Kipling?
Learning to share is part of growing up.
Learning to read and write is part of growing up.
Learning to hunt for food is part of growing up.
Learning to stand alone is part of growing u
Answer:
The correct answer is D. learning to stand alone is part of growing up.
Explanation:
Learning to stand alone is part of a growing theme that can be found in both "If" and The Jungle Book by Rudyard Kipling.
What are the themes?A theme is a central topic, subject, or message within a narrative in current literary studies. Themes are classified into two types: thematic concepts and thematic statements. Thematic concepts are what readers “believe the work is about,” while thematic statements are “what the piece says about the subject.”
The poem "If" is about maturing. Rudyard Kipling enumerates a number of qualities that make a strong man. In the fictional story The Jungle Book, a boy grows up in the jungle. The hardship of growing up and leaving childhood is demonstrated in both writings.
Therefore, The theme can be found in both, Learning to stand alone is part of growing.
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Precision Camera Services started the year with total assets of $80,000 and total liabilities of $40,000. The revenues and the expenses for the year amounted to $140,000 and $60,000, respectively. During the year, the company did not issue any common stock, but it distributed dividends of $55,000. What is the amount of stockholders' equity at the end of the year?
Answer:
$65,000
Explanation:
Stockholder's equity is the net value of a company's asset. It is the remaining value of a company asset after adjusting for retained earnings and liabilities.
For Precision Camera Services.
Current year additions to stakeholder equity will be the retained earnings.
Retained earning is revenues- expenses - dividends paid out
=$140,000 - $60,000 - $55,000
=$25,000
Stockholders equity : Assets + retained earning - liabilities
=$80,000 + $25,000 - $40,000
=$105,000- $40,000
=$65,000
How are society and culture related?
1.While culture, as the collection of beliefs and values of a group of people, strongly affects society, a particular society does not have any kind of impact on its
culture.
2.Both society and culture are important to groups of people, but they are entirely
separate from one another.
3.A society is a group of people who live in the same area and share a culture, and
culture is made up of elements, such as language, that tie the society together.
4.A culture is a group of people who live together, and a society is the values,
beliefs, and behaviors that they all share.
As both entail a community of people residing in one place, society and culture are intimately intertwined. While culture refers to the ideas, values, and standards that influence a society's behaviour, society is the collective behaviour of a collection of people.
Language, religion, and customs are examples of cultural components that bind a community together and give it a feeling of identity.
A society's values and beliefs shape how its members interact with one another and the outside world, therefore a society's culture also has an impact on it. Although culture and society are two separate yet linked concepts.
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Layne wants to set up her PivotTable to show how her total sales were distributed across the
months she's been tracking to see, at a glance, which month accounted for the higher portion
of her total sales. What command, accessible with a right-click, will bring up a list of options
that will let her do this with one click?
Show Values As...
Value Field Settings
O Show Field List
O Remove Values
The command that would help to show the total sales distributed in the month that she wants to see is the Show Field List.
What is the show field list?This is the command that tells the spreadsheet that you want to view the values that are in a field.
This command would show the list after you carry out the action of right clicking on the pivot table.
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Park Corporation is planning to issue bonds with a face value of $2,100,000 and a coupon rate of 9 percent. The bonds mature in 10 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Park uses the effective-interest amortization method and also uses a premium account. Assume an annual market rate of interest of 7.5 percent. Required:
a. Prepare the journal entry to record the issuance of the bonds.
b. Prepare the journal entry to record the interest payment on June 30 of this year.
c. How will Park present its bonds on its June 30 balance sheet?
a.The journal entry to record the issuance of the bonds. Debit : Cash $677,135 and Credit : Bond Payable $677,135
b.The journal entry to record the interest payment on June 30 of this year. Debit : Bond Payable $43,715 ; Debit : Interest Charge $50,785 ; Credit : Cash $94,500
c.Presentation of bonds on June 30 balance sheet . Non - Current Liabilities : Bond Payable $633,420
Issuance of the bonds
Since Park Corporation is paying 7.5 percent ( Market Rate) compared to the coupon 9 percent, the Bonds will be issued at a discount. The amount recognized at issuance will be the Present Value of $677,135.
Determined as follows :
FV = $2,100,000
Pmt = ($2,100,000 x 9 %) / 2 = $94,500
N = 10 x 2 = 20
i = 7.5 %
PV = $677,135
Interest Payment
Since the effective-interest amortization method is used, the interest is calculated as follows :
Interest Charge = Present Value x Interest rate
= $677,135 x 7.5 %
= $50,785
Bonds Payable Presented on Financial Satement
Bond Payable = Present Value - ( Cash Payment - Interest charge)
= $677,135 - (94,500 - 50,785)
= $633,420
In conclusion, Since Park Corporation is paying 7.5 percent ( Market Rate) compared to the coupon 9 percent, the Bonds will be issued at a discount of $677,135
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what is the cost of value stream approach with smaller batch size
The value stream approach is a lean manufacturing methodology that focuses on creating value for the customer by identifying and eliminating waste in the production process. One of the key principles of the value stream approach is to create smaller batch sizes to reduce the amount of work-in-progress inventory and improve flow.
While implementing smaller batch sizes can result in several benefits, such as reduced lead times, increased flexibility, and improved quality, there are also costs associated with this approach. Some of these costs include:
Setup costs: Setting up machines and equipment for each batch can be time-consuming and expensive. The more frequent the setups, the higher the setup costs.
Labor costs: Smaller batch sizes may require more frequent machine and equipment changes, which can increase labor costs.
Material costs: Ordering smaller quantities of materials may result in higher per-unit costs due to reduced economies of scale.
Transportation costs: Shipping smaller quantities of products more frequently can result in higher transportation costs.
Overhead costs: Smaller batch sizes may require more frequent quality checks and inspections, which can increase overhead costs.
In summary, while smaller batch sizes can result in several benefits, it is important to carefully evaluate the costs and benefits before implementing this approach in a manufacturing setting.
29) If the rate of interest (r) is 9%, then you should be indifferent about receiving $750 in one year or $________ today A) $688.07 today B) $750 today C) $825.68 today D) None of the above
Answer:
$688.07
Explanation:
To find the answer, we can use the Future Value of an Investment formula:
FV = PV(1 + i)^n
Where:
FV = Future value
PV = Present value
i = interest rate
n = number of compounding periods.
Now, we replace the amounts into the formula to find the value of that the $750 had a year ago.
$750 = PV(1 + 0.09)^1
$750 = PV(1.09)
$750 / 1.09 = PV
$750 / 1.09 = $688.07
We can see that $750 is the value that $688.07 will have in one year, under a 9% interest rate. For that reason, the correct answer is A).
1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.
1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.
This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.
In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
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Which one of these is the best way to prevent foreclosure?
1. Save at least 1% of your home's purchase price annually.
2. Refinance as soon as possible
3. Use a budget to live within your means and build savings
4. Never accept an adjustable-rate mortgage
Answer:
3. Use a budget to live within your means and build savings
This is always the best option to prevent financial problems like a foreclosure. Budgeting your expenses according to your income, and building savings should prevent any person from defaulting on his or her mortgage payments.
However, in less ideal situations, if a foreclosure can be reasonably projected in the future, the best option to prevent it is to 2. Refinance as soon as possible
Perz, Paul, President $168,000.00
Answer:
wer5432234
Explanation:
Creators foster the open exchange of ideas across functions and departments and cultivate rigorousdebate. In your own words, why is this important for a company to be successful (use examples from the book Creators Code to support your reasoning).
Answer:
As per the examples of the creators code Many things related to the performance of the company. It is critical to have a solid plan, to have a profitable products and services and to have effective methods. Although it is up to the individuals inside the organisation to actively enforce policies, plans ,and procedures that make a company a success.
What basic business principle does the author of your reading material state that automakers ignored in recent years, leading to the need for an industry bailout?
A sustainable financial model that is adaptable to changing market conditions is what was ignored
The principle that was ignoredThe core concept that industry titans overlooked, eventually necessitating a bailout, was constructing and sustaining a pliable monetary ploy attuned to shifting market conditions.
Prior to the aid package, auto-manufacturers homed in on sales of high fuel-consumption SUVs and trucks which were appealing due to inexpensive gas costs combined with easily accessible credit.
The dismayingly tardy adaptation to changing patron likes for more fuel-thrifty and environment friendly motorsides - along with mounting rivalry from overseas powerhouses - drove automakers into a perilous condition, where they ultimately felt the blow of 2008’s global fiscal crunch, harshly diminshing productivity as well as profits.
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Which answer best illustrates what trade-offs are?
In repetitive operations it is often possible to automatically check for quality and then reject parts that are unacceptable.
Trade deficits usually occur when crops are in short supply.
O True
O False
When the economy is doing well, the financial market is also guaranteed to do well.
True
False
The highest point of construction where rafters meet to form the roof is known as
the ridge board
the gable
the truss
the hip
live is quamp so life quamp
Answer:
is this a question?
Explanation:
Answer:
yesssssssssssssssss
Explanation:
Mason is assigning work to the different employees of his company. He wants his workers to perform well in their respective work. Which factor should Mason consider while assigning this work?
A.
relations with each employee
B.
living conditions of each employee
C.
age of each individual employee
D.
individual ability of each employee
Answer:
answer letter D
individually ability to each employee
Answer:
d) individual ability of each employee
Explanation:
Planning to finance higher education helps people prepare for their financial future because it teaches them about.......
a.) funds management and loans
b.) their educational options
c.) the real world
d.) meeting short term goals
Problem 8, MacroSoft Inc. has capitalized $600,000 of software costs. Sales from this product were $360,000 in the first year. MacroSoft estimates additional revenues of $840,000 over the product’s economic life of 5 years.
Instructions
Prepare the journal entry to record software cost amortization for the first year. Show all computations.
Journal Entry:
Date: [First year-end date]
The amortization expense for the first year is $120,000.
Debit: Amortization Expense - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Credit: Accumulated Amortization - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Explanation:To record the software cost amortization for the first year, we need to allocate a portion of the capitalized software costs as an expense. Since the software has an estimated economic life of 5 years, we divide the total software cost ($600,000) by 5 to determine the annual amortization expense. In this case, the amortization expense for the first year is $120,000. We debit the Amortization Expense - Software Cost account to recognize the expense and credit the Accumulated Amortization - Software Cost account to accumulate the amortization over time.For more such questions on Journal Entry
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