How do budget expectations influence a company's employees?
What will be an ideal response?
Answers will vary
Employees often find budgets to be constraining and stress-inducing. The budget provides standards against which the employees' performance is evaluated, and employees worry about whether they will be able to meet expectations.
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Beery Inc. reported the following results from last year's operations: Sales$11,400,000Variable expenses 8,180,000Contribution margin 3,220,000Fixed expenses 2,422,000Net operating income$ 798,000Average operating assets$6,000,000At the beginning of this year, the company has a $900,000 investment opportunity with the following characteristics: Sales$2,880,000 Contribution margin ratio 30% of salesFixed expenses$720,000 The company's minimum required rate of return is 12%. If the company pursues the investment opportunity, this year's combined residual income for the entire company will be closest to:
A. $24,300 B. $848,700 C. $114,000 D. $942,000
If a brand is developing an offering with multiple frames of reference, which of the following is NOT advisable?
A) create a combined positioning that addresses all competitors B) prioritize competitors C) choose the most important set of competitors to serve as the competitive frame D) adopt lowest common denominator positioning E) develop the best possible positioning for each type or class of competitors
If Cp is less than 1, then ______.
a. the specification width is less than the range of the process b. the process is capable of consistently meeting its design specifications c. the process is incapable of being compliant with government regulations d. the process is incapable of being compliant with ISO requirements
The maturity of commercial paper varies from:
A. 10 to 15 months. B. two to three years. C. one to nine months. D. 15 to 18 months. E. three to five years.