Waterworks Irrigation was a startup that was open for only one year of operation. During that year, it collected $175,000 in revenue and spent $50,000 on trucks, irrigation supplies, employees, and utilities. The owner of the firm, Cosmo, spent $100,000 of his own money to buy an office building and set up the office (instead of buying bonds and earning a 10% annual rate of return), which he later sold at the end of the year for $100,000. The firm's economic profit is:

Answers

Answer 1

The economic profit of Waterworks Irrigation  is $115,000.

Economic profit is revenue less explicit cost and opportunity cost.

Explicit cost is the cost incurred in the course of running the start-up. It includes administrative cost, rent and cost of raw materials.

Opportunity cost or implicit cost is the cost of the next best option that a decision maker forgoes when he chooses one option over other options.

Economic profit = revenue - explicit cost - opportunity cost

Revenue = $175,000Explicit cost = $50,000 Opportunity cost = 10% x 100,000 = $10,000

$175,000 - $50,000 - $10,000 = $115,000

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Related Questions

Training and development are roles filled by human resource specialists true or false

Answers

The answer is - false

Describe an ethical dilemma related to work quality.

Answers

Answer:

an example could be if you work for a fast food place you could be making the food fast but your being judge on how it looks when your done like the quality of the meat the cheese how much you put like thats the work quality how good of a job are you doing with your work and what it looks like when its finished.

Explanation:

A quality inspector visits a factory and finds that the company uses substandard materials in its production. He feels obligated to write this in his report. However, he remembers the company's operations are managed by his best friend's father. It would be an example of an ethical dilemma related to work quality.

What is an ethical dilemma related to employee relations?

Ethical dilemma refers to the a situation in which a difficult choice has to be made between two courses of action, which of them go beyond the moral principle.

An employee noticed workplace discrimination against some employees who belongs to a particular racial group in the branch where he works, even though company policy condemns such, but the local manager doesn't take complaints about the matter seriously.  Headquarters sent representatives to the branch to find such issues and an opportunity is given to report these issues at workplace.

However, he still remembers that the manager gave him the opportunity by employing him despite his limited work experience when he interviewed for the job some months ago. It would be an example of ethical dilemma to employee relations.

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PLEASE ANSWER
Compare the major antitrust acts of the United States. Specify the intent and purpose of each, and draw conclusions about their effectiveness.

Answers

Some of the major antitrust acts of the United States are:

the Sherman Act;the Clayton Act; and.the Federal Trade Commission Act (FTCA).

What is Antitrust Act?

This refers to the federal laws which regulates the conduct of businesses to make sure that they engage in fair practises which helps to avoid monopolies.

With this in mind, we can see that the intent and purpose of the antitrust acts are to avoid monopolies, to ensure balanced competition and to avoid unlawful mergers.

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A company has fixed costs of $96,800. Its contribution margin ratio is 44% and the product sells for $61 per unit.
What is the company's break-even point in dollar sales?

Answers

$220,000

Explanation:

Calculation for the company's break-even point in dollar sales

Using this formula

Break-Even point in dollars sales= Fixed Costs ÷ Contribution Margin

Let plug in the formula

Break-Even point in dollars sales=$96,800/44%

Break-Even point in dollars sales=$220,000

Therefore the company's break-even point in dollar sales will be $220,000.


Which of the following statements about capital structure are correct? Select ALL correct answers.

A company needs to consider the current economic climate when making decisions on debt and equity proportions.

A company should always finance its business using as much debt as possible in order to optimize the capital structure.

Having too much equity may dilute earnings and the value of the original investors.

Having too little debt may increase the risk of default in repayment.
?

Answers

Having too much equity may dilute returns and the value of the original investors capital structure are correct.

What is the capital structure?

Capital structure refers to the specific mix of debt and equity used to invest a company's assets and operations. From a corporate perspective, equity denotes a more expensive, permanent source of capital with more significant financial flexibility.

What is capital structure and why is it important?

Capital structure relates to how much money—or capital—is helping a business, financing its assets, and funding its operations. It can also show company investments and capital expenditures that can affect the business's bottom line.

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Which of the following statement is correct?

a. firms in monopoly can sell non-commodities while firms in monopolistic competition cannot.
b. firms in monopoly can sell a commodity while firms in monopolistic competition cannot.
c. firms in monopoly are price setters while firms in monopolistic competition are not.
d. firms in monopoly can make economic profit in the short run while firms in monopolistic competition cannot.

Answers

Answer:

the correct answer I to this question is c


For a business owner, insurance is a cost just like any other expenses. How does buying business
insurance and offering insurance to employees affect the business's profit and success?

For a business owner, insurance is a cost just like any other expenses. How does buying businessinsurance

Answers

Answer:

It adds an additional expense which means a percentage of profits are depleted. However, it contributes to the wellbeing of the employees showing that they are cherished and have the opportunity to earn benefits which can play a role in motivating them. Due to this it is more likely the workforce would be more comfortable working for the organisation thus leading to a higher chance at success.

Which scenario describes the highest level of productivity?

A. Producing 50 chairs using resources that cost $400
B. Producing 15 chairs using resources that cost $150
C. Producing 5 chairs using resources that cost $100
D. Producing 100 chairs using resources that cost $200

Answers

The scenario that describes the highest level of productivity is option D. Producing 5 chairs using resources that cost $100. Calculating the highest productivity:

For A. The cost should be $400 for 50 chairs so per chair should be = $400 ÷ 50 = 8. For B. The cost should be $150 for 15 chairs so per chair should be = $150 ÷ 15 = 10. For C. The cost should be $100 for 5 chairs so per chair should be = $100 ÷ 5 = 20. and For D. The cost should be $200 for 100 chairs so per chair should be = $200 ÷ 100 = 2

What is productivity?

Productivity is the efficiency of production of goods or services expressed by some measure. Measurements of productivity are often expressed as a ratio of an aggregate output to a single input or an aggregate input used in a production process, i.e. output per unit of input, typically over a specific period of time.

Therefore, the correct answer is option D.

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A lease is a contract between a tenant and a __________ Response area. Most leases are for Response area __________ months.

Answers

“Landlord” and “6 or 12”

Hope this helps

which is the least skill for a hr? A public speaking B social perspective C Quality control D active E management of personnel resources

Answers

Answer: C. Quality control.

Explanation:

The human resource is charged with the responsibilities of training employees, recruitment and seeking for ways to improve the employees so that organizational goals and objectives can be achieved.

Some of the skills that a hr should possess include public speaking, management of personnel resources, active, and social perspective. Therefore, the option regarding quality control is not a skill for the hr.

Quality control (QC) has to do with the improvement of the quality of a particular product. This is not part of the skill that the human resource should have.

This investment is best considered
high risk with the potential for a low return.
high risk with the potential for a high return.
Tow risk with the potential for a low return.
low risk with the potential for a high return.

Answers

Answer:

there can be no answer without a proper question

Answer:

low risk with the potential high return

Explanation:

why I choose low risk for high return is because who would want a high risk when investing for a low return like are you tryna get into debt.

high risk for high return sounds tempting and all but there's still a high risk of losing a ton of money.

low risk for low return doesn't even make me interested because like for sure you're not putting yourself at the risk of losing everything and still getting your money but like who want only a little

which is why the low risk for getting a ton of money is waaaaay better

Case Study
Sovrano Café is considering a major expansion of its business. The details of
the proposed expansion project are summarized below:
- The company will have to purchase $950,000 equipment, that require
installation cost and transportation cost equal $100,000.
- The project has an economic life of 5 years.
- The cost can be depreciated using straight line method.
- At t = 0, the project requires that working capital will increase by $200,000
- The project’s salvage value at the end of 5 years is expected to be $60,000.
- The company forecasts that the project will generate $725,000 in sales the
first 2 years and $650,000 in sales during the last 3 years
- Each year the project’s operating cost excluding depreciation is expected to
be 50% of sales revenue.
- The company’s tax rate is 40%
- The company already pays marketing expenses equal 80,000.
- The project’s cost of capital is 10%

What do you recommend?

Answers

Based on the analysis of the cash flows, the expansion project seems feasible as it has a positive NPV of $142,919.49, and a profitability index of 1.15, indicating that the project will generate value for Sovrano Café and its shareholders.

To arrive at this conclusion, we first calculated the cash flows for the project, which included the initial investment, operating cash flows, salvage value, and tax savings from depreciation. We then discounted these cash flows using the project's cost of capital to calculate the net present value (NPV) and profitability index (PI).

The NPV of $142,919.49 suggests that the project's expected cash inflows exceed its expected cash outflows, taking into account the time value of money. The PI of 1.15 further supports the conclusion that the project will generate value for the company, as a PI greater than 1 indicates that the present value of the project's expected cash inflows exceeds the present value of its expected cash outflows.

Therefore, based on the financial analysis, it is recommended that Sovrano Café move forward with the proposed expansion project.

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What is the formula used to calculate simple interest?

Answers

A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods.

Today is also the day on which your manager’s boss is collecting information about your manager’s leadership style so that they can give him a 360-degree appraisal. They assure you that your comments about your manager will remain confidential, but the nature of your thoughts is such that he probably would guess you are the person who made those comments. Specifically, you think that your manager takes offense easily, has a bad temper, and could be more effective in time management. Would you share your thoughts with your manager’s manager?

Answers

The decision to share feedback about a manager should be based on a careful evaluation of the potential impact and one's own personal values and goals.

Sharing negative feedback about a manager can be a delicate situation, especially when it may affect the manager's performance review and future career opportunities. Before deciding whether to share the thoughts with the manager's manager, it is important to consider the potential consequences and benefits of doing so.

If the feedback is constructive and could help the manager improve their leadership skills, it may be worth sharing with the manager's manager in a tactful and respectful manner. However, if the feedback is solely based on personal opinions and could harm the manager's reputation or career prospects, it may be best to keep those thoughts to oneself.

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Which of the following is true?
A. None of the above is true.
B. Free trade areas and customs unions do not conflict with either the most- favoured-nation or national treatment principles of the GATT. C .Free trade areas and customs unions are a violation of the most-favoured-nation principle, but were permitted by the contracting parties to the GATT so long as they created trade.
D. Free trade areas and customs unions are a violation of the national treatment principle, but were permitted by the contracting parties to the GATT so long as they created trade.​

Answers

Answer:

C.

Explanation:

In the context of the General Agreement on Tariffs and Trade (GATT), free trade areas and customs unions were seen as exceptions to the most-favored-nation (MFN) principle, which states that countries should not discriminate between their trading partners. Free trade areas and customs unions involve preferential treatment among member countries, which goes against the MFN principle.

However, the contracting parties to the GATT allowed for the creation of free trade areas and customs unions as long as they promoted trade and economic integration among member countries. These exceptions were made in recognition of the potential benefits that such arrangements could bring.

Therefore, option C accurately describes the stance on free trade areas and customs unions in relation to the GATT.

true or false the only reason to protect intellectual property is financial?​

Answers

Answer:

false

Explanation:

Explain any two (2) value chain activities that Coca-Cola makes use of.

Answers

Coca-Cola employs marketing and sales activities to create brand awareness and optimize their supply chain and manufacturing process to produce and distribute products efficiently.

Coca-Cola, one of the world's leading beverage companies, employs various value chain activities to produce and distribute its products effectively. Here are two examples of value chain activities that Coca-Cola uses

Marketing and Sales: Coca-Cola invests heavily in marketing and sales activities to create brand awareness and promote its products. They use various channels such as TV commercials, billboards, social media, and sponsorship of events to reach their target customers.

Operations: Coca-Cola has a highly efficient supply chain and manufacturing process that helps them produce and distribute their products efficiently. They have established production facilities in various regions worldwide, allowing them to produce and distribute products locally.

Overall, these value chain activities enable Coca-Cola to produce and distribute its products efficiently while maintaining the quality of its products and building brand loyalty among customers.

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Question 2 of 10
In a market economy, decisions about which goods are produced are based
on:
OA. what businesses believe will generate the most profits.
OB. what the local community has made for generations.
OC. what health care organizations suggest will be best for citizens.
OD. what the government decides is important for society.
SUBMIT

Answers

In a market economy decisions about which goods are produced are primarily based on what businesses believe will generate the most profits option a

What happens in a  market economy

in a market economy production decisions are made by private individuals and businesses based on the laws of supply and demand businesses seek to produce goods and services that they believe will be profitable and will sell well in the marketplace

consumers in turn make choices based on their own preferences and the prices of goods and services in the market

the role of the government in a market economy is generally limited to enforcing laws and regulations protecting property rights and providing public goods and services that the private sector cannot or will not provide efficiently

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The Bug House purchased some new machinery last year at a total cost of $18,500. The depreciation to date on this machinery is $3,400. Should the firm opt to sell the machinery today, it could probably do so at a price of $14,150. What is the current book value of this machinery

Answers

Answer:

No, 15,100

Explanation:

The book value is 15,100 (18500-3400) which is more than the potential sales price of 14,150.

I wouldn’t sell the equipment since it is worth more (15,100) than potential sales price.

Which of the following describes a common factor between the following places where vanilla beans are grown: Mexico, Tahiti, Indonesia, India, Uganda, and Papua New Guinea?

They are all near Central America.
They are all islands.
They are Spanish-speaking.
They are all at least partially tropical.

Answers

Answer: they are all least partially tropical

g Jon owns a company in Santa Barbara that has a patent on a specialized product. The inverse demand for the product is P = 24 - q. Jon's cost function is C(q)=q^{2}. Concerned about the high price that Jon charges for his product, the government decides to subsidize Jon so as to eliminate the deadweight loss. How much must the per-unit subsidy be to completely eliminate the deadweight loss?

Answers

Answer:

$2 per-unit subsidy.

Explanation:

So, we are given the following data or parameters or information in the question above;

=> "The inverse demand for the product is P = 24 - q. "

=> "Jon's cost function is C(q)=q^{2}. "

(1). For profit to be maximized the value of Margin Revenue, MR = marginal cost, MC.

MR = marginal cost= dTR/ dq, where TR = p × q = (24 - q ) q = 24q - q^2.

MR = marginal cost = 24 - 2q.

Also, marginal cost, MC = dCq/dq = d/dq × (q)^2.

marginal cost, MC = 2q.

MR = MC; 24 - 2q = 2q.

q = 6.

NB: Pm = 24 - qm.

Pm = 24 - 6 = $18.

(2). For optimum quantity; p = marginal cost.

24 - q = 2q.

q* = 8.

p* = 2 × 8 =$ 16.

On a price versus quantity curve, the dead weight loss = area shaded under the curve.

Quantity to produce = 12.

At MC* = MR, Qm = Q* and On= p*.

The amount of per-unit subsidy be to completely eliminate the deadweight loss = 18 - 16 = $2.

Bergamo Bay's computer system generated the following trial balance on December 31, 2017. The company's manager knows something is wrong with the trial balance because it does not show any balance for Work in Process Inventory but does show a balance for the Factory Overhead account. In addition, the accrued factory payroll (Factory Payroll Payable) has not been recorded.
Debit Credit
Cash $66,000
Accounts receivable 44,000
Raw materials inventory 27,000
Work in process inventory 0
Finished goods inventory 9,000
Prepaid rent 3,000
Accounts payable $9,900
Notes payable 12,900
Common stock 30,000
Retained earnings 82,000
Sales 182,200
Cost of goods sold 102,000
Factory overhead 25,000
Operating expenses 41,000
Totals $317,000 $317,000
After examining various files, the manager identifies the following six source documents that need to be processed to bring the accounting records up to date.
Materials requisition 21-3010: $4,300direct materials to Job 402
Materials requisition 21-3011: $7,300direct materials to Job 404
Materials requisition 21-3012: $1,800indirect materials
Labor time ticket 6052: $7,000direct labor to Job 402
Labor time ticket 6053: $5,000direct labor to Job 404
Labor time ticket 6054: $4,000indirect labor
Jobs 402 and 404 are the only units in process at year-end. The predetermined overhead rate is 150% of direct labor cost.
Prepare a revised trial balance
Prepare a balance sheet as of December 31, 2017.
Prepare an income statement for 2017

Answers

Answer:

Bergamo Bay's Computer System

a) Revised Trial Balance on December 31, 2017:

                                                                   Debit                   Credit

Cash                                                          $32,000

Accounts receivable                                   44,000

Raw materials inventory                             13,600

Work in process inventory                        47,400

Finished goods inventory                           9,000

Prepaid rent                                                 3,000

Accounts payable                                                                    $9,900

Notes payable                                                                          12,900

Common stock                                                                        30,000

Retained earnings                                                                   82,000

Sales                                                                                       182,200

Cost of goods sold                                102,000

Factory overhead                                   25,000

Operating expenses                               41,000

Totals                                                   $317,000                $317,000

b) Balance Sheet as of December 31, 2017:

Assets:

Cash                                                      $32,000

Accounts receivable                               44,000

Raw materials inventory                         13,600

Work in process inventory                     47,400

Finished goods inventory                       9,000

Prepaid rent                                             3,000

                                                          $149,000

Accounts payable                                 $9,900

Notes payable                                       12,900

Common stock                                     30,000

Retained earnings                                96,200

                                                          $149,000

c) Income Statement for 2017:

Sales                                                                $182,200

less Cost of Goods Sold              102,000

less Factory Overhead                 25,000       127,000

Gross Profit                                                       55,200

Less Operating Expenses                               41,000

Net Income                                                      14,200                              

Explanation:

a) Prepared Trial Balance on December 31, 2017:

                                                                       Debit                   Credit

Cash                                                          $66,000

Accounts receivable                                   44,000

Raw materials inventory                            27,000

Work in process inventory                          0

Finished goods inventory                           9,000

Prepaid rent                                                 3,000

Accounts payable                                                                    $9,900

Notes payable                                                                          12,900

Common stock                                                                        30,000

Retained earnings                                                                   82,000

Sales                                                                                       182,200

Cost of goods sold                                102,000

Factory overhead                                   25,000

Operating expenses                               41,000

Totals                                                   $317,000                $317,000

b) Raw Materials Inventory

As per Trial Balance                           $27,000

less Job 402 materials                         (4,300)

less Job 404 materials                         (7,300)

less indirect materials                           (1,800)

Adjusted Raw Materials Inventory  $13,600

c) Work in Process:

As per Trial Balance                 $0

add Job 402 materials              4,300

add Job 404 materials              7,300

add indirect materials                1,800

add Job 402 labor                    7,000

add Job 404 labor                    5,000

add indirect labor                     4,000

Work in Process Overhead    18,000

Adjusted Work in Process  $47,400

d) Cash Balance:

As per Trial Balance               $66,000

Work in Process Labor            (16,000)

Work in Process Overhead     (18,000)

Adjusted Cash balance         $32,000

e) Retained Earnings          

 Opening Balance  $82,000

  add Net Income      14,200

Ending Balance    $96,200      

Step 2. Search to find any summary about the company that mentions funds for starting the business. Try to find any information containing employee data in this section.
Step 3. Find the section where the product or service is detailed. Look to see what kinds of products or services will be involved with the business. Compare this with what other similar business plans are offering.
Record the information you found for steps 2 and 3. Make sure you discuss how the company got money to start the business, employee data, and what products or services the company provides in comparison with what other similar business plans are offering.

Answers

We can see here that such company gotten after searching for company that mentions funds for starting the business is Go-o-gle.

Funds for starting the business: $1 million in funding from Andy Bechtolsheim.

Employee data: over 160,000 employees worldwide.

What is a company?

A company is a legal and organizational entity formed by individuals or a group of individuals with the purpose of conducting business activities. It is an association of individuals who come together to engage in commercial, industrial, or professional activities in order to generate revenue and make a profit.

Their products are digital and online services.

Comparing this company, we see Microsoft.

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A disruption of a retail sales associate

Answers

A disruption of a retail sales associate refers to an interruption or disturbance in the normal functioning or activities of a sales associate in a retail setting.

This disruption can arise from various factors and can have both short-term and long-term effects on the individual sales associate, the retail store, and the overall customer experience. Here are some examples and potential impacts of a disruption of a retail sales associate:

1. Employee Absence: If a sales associate is absent due to illness, personal reasons, or other unforeseen circumstances, it can disrupt the staffing levels and create a gap in customer service. This can result in reduced sales, longer wait times for customers, and potential dissatisfaction among shoppers.

2. Inadequate Staffing: Insufficient staffing levels, either due to a lack of available sales associates or poor workforce planning, can lead to increased workload for existing employees. This can result in burnout, decreased productivity, and compromised customer service.

3. Lack of Product Knowledge: If a retail sales associate lacks adequate product knowledge or training, it can hinder their ability to effectively assist customers, answer questions, and provide recommendations. This can lead to missed sales opportunities, customer frustration, and a negative perception of the store.

4. Employee Turnover: High employee turnover can disrupt the continuity and consistency of customer service. Constantly having new and inexperienced sales associates can result in a lack of familiarity with products, store policies, and customer preferences, impacting the overall shopping experience and customer loyalty.

5. Conflict or Misconduct: Disruptions can also arise from interpersonal conflicts or instances of employee misconduct. This can create a tense or uncomfortable environment for both sales associates and customers, leading to decreased employee morale and potential damage to the store's reputation.

6. Technology Failures: If the retail store relies heavily on technology systems such as point-of-sale (POS) systems, inventory management software, or customer relationship management (CRM) tools, any disruption or malfunction can significantly impact sales and customer service. Sales associates may struggle to process transactions, access product information, or provide accurate inventory details.

To mitigate the impact of these disruptions, retail stores should focus on proper workforce planning, training, and ongoing support for sales associates. Implementing effective employee retention strategies, providing comprehensive product training, fostering a positive work environment, and ensuring robust technology infrastructure can help minimize disruptions and enhance the overall customer experience in retail settings.

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Last year Electric Autos had sales of $100 million and assets at the start of the year of $150 million. If its return on start-of-year assets was 15%, what was its operating profit margin?

Answers

Answer:

22.50%

Explanation:

Amount of return on asset = Rate of return * Asset value

Amount of return on asset = 15% * $150 million

Amount of return on asset = $22.5 million

Operating profit margin = Amount of return on asset / Sales

Operating profit margin = $22.5 million / $100 million

Operating profit margin = 0.225

Operating profit margin = 22.50%

Which is an advantage of functional organizational structure?
A.
better project focus
B.
faster response in decision making
C.
team members develop strong project loyalty and commitment with one reporting manager
D.
clear line of authority for each division in the organization

Answers

Team members develop strong project loyalty and commitment with reporting manager

Answer:

its c

Explanation:

i got it right

Many U S citizen are stimulated by change and thrive on new opportunities. Theses citizens probably have a high level of acceptance for which dimension of cultural differences

Answers

The dimension of cultural difference that the U.S. citizens, who are stimulated by change and thrive on new opportunities, probably have a high level of acceptance for is the dimension of uncertainty avoidance.

Uncertainty avoidance is the level of an individual's resistance or tolerance to ambiguity or anxiety-provoking situations in new or uncertain conditions.

In certain nations, the capacity to deal with ambiguity is a key personality attribute. On the other hand, in certain cultures, the capacity to withstand ambiguity is not considered essential.

Hence, the U.S. citizens, who are stimulated by change and thrive on new opportunities, probably have a high level of acceptance for the dimension of cultural differences.

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QUESTION 5 of 10: True or False: The operations manager is involved primarily with supply network design. O a) True Ob) False​

Answers

Answer:

true

Explanation:

An operations manager is a person who is involved with the supply network design which is also known as strategic supply chain planning. Thus, the given statement is true.

What is supply network design?

The process of constructing and modeling a supply chain in order to fully understand the expenses and time associated with bringing items to market with the resources and locations available is known as supply chain network design.

Operations managers are in charge of product development and delivery, inventory and supply chain management, operations personnel and job design, and production are all under their control.

Therefore, The correct answer is Option a.

To learn more about Supply network design, refer to the link:

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What is NOT a major purpose of orientation and socialization? Reducing stress and anxiety Reducing employee benefits Reducing start-up costs Reducing employee turnover

Answers

Answer:  Reducing employee benefits

Explanation:

When a new employee is added to the company, it is best to give them and orientation as well as to encourage other employees who have been there longer to talk to them. This can be beneficial to the employee because it will help them settle into the job faster, thus giving them more confidence to be able to overcome the stress an anxiety that may come with starting a new job.

It is also beneficial to the company as the employee will learn skills needed to survive in the job. This will reduce wastage that may accrue due to a lack of knowledge on the part of the employee of job procedure.

With the above two contributing to making the employee feel more comfortable as well as able to do their jobs, employees will have less reason to leave the job thereby reducing employee turnover.

Orientation and Socialization will not reduce employee benefits and so it is not a major purpose of the activity.

Overtis-1. Beginning inventory, purchases, and sales for fem "X" are as follows Beginning Inventory April, 1 S 15 57 units at $14 29 40 units Assuming a perpetual inventory system and using the first-in. first-out (110), lost-in-first-out (LIFO) Average costing methal, determine (0) The cost of goods sold on April 29 & (i) The cost of ending inventory on April 30. 47 Quests -2 Estimate the cast of goods sold & ending inventory by the gross profit method given the following data: Beginning inventory Bir 40,000.00, net purchases Bir 100,000.00, net sales Birr 112,000.00, press profit rate of 25% of net sales. Quotes J. Machinery purchased for Br 200,000 at the beginning of the year has an estimated life of 5 years and a residual value of Br 20,000 Required: Compute the annual tyearly) depreciation expense for each of the five years, by using; a) Straight-line depreciation method. b) Double-declining balance depreciation method c) Sum-of-the-years-digits method d) If the machinery is expected to have a useful life of 18,000 operating hours & was operated during the year I through year 5. 4100 hours, 2.700 hours, 4.200 hours 3.000 hours and 100 hours Compute the annual (yeatly) depreciation expense for each of the five years, by using the Units of-Production Method. 4 Rainbow Mining Co acquired mineral rights for the 30,000,000. The mineral deposit is estimated at 75,000,000 tons. During the current year, 11,250,000 tons were mined and sold Required: A Determine the amount of depletion expense for the current year B. Joumalize the adjusting entry to recognize the depletion expers.​

Answers

It’s c cause Ik it is
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