What are the positive effects of a fun workplace?
What will be an ideal response?
Employees like to work in an environment that satisfies their economic and security needs, makes them feel listened to, and recognizes their time, effort, and results. Beyond that, however, many employees value and appreciate the opportunity to relax and play a little, laugh, have fun occasionally, and generally enjoy themselves at work. Unless the playfulness results in physical harm or personal feelings becoming hurt, fun at work can help decrease stress, reduce boredom, stimulate friendships, increase satisfaction, and produce several beneficial physiological results for employees.
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What is the most important factor in choosing a lot-sizing technique?
a. inventory purchasing cost b. inventory holding cost c. demand pattern of product d. perishability of product
Trudy wishes to buy a national franchise. What information is the seller legally required to provide before she buys the franchise?
What will be an ideal response?
If a state law requires that local governments prepare General Fund and special revenue fund budgets on a basis that differs from the basis of accounting required by generally accepted accounting principles (GAAP):
A. Only a budgetary comparison schedule prepared for the appropriate state oversight body is required. B. The actual amounts in the budgetary comparison schedule should be reported on the GAAP basis. C. The actual amounts in the budgetary comparison schedule should be reported using the government's budgetary basis. D. Both the budgeted and actual amounts in the budgetary comparison schedule should be reported on the GAAP basis; a separate budget-basis comparison schedule should be prepared for the appropriate state oversight body.
Franklin Industrial Equipment Corporation manufactures lawn mowers and snow blowers. It also manufactures engines that are used by the Lawn Mower Assembly Division (LMAD). The Engine Division (ED) also sells about 40% of its output to the outside market (these are multipurpose engines). Its annual capacity is 150,000 units and annual output is 135,000 units. All engines sold internally to the LMAD are priced at cost plus 20% markup.In January 2020, the Snow Blower Assembly Division (SBAD) approached the ED to 'buy' 20,000 engines. Jean Wyse, the controller of ED, computed the costs of manufacturing these engines as follows: Total Per unitMaterials$300,000 $15.00 Labor 400,000 20.00 Special equipment 36,000 1.80 Quality inspection 24,000 1.20 Other manufacturing
costs 350,000 17.50 Total costs$1,110,000 $55.50 Wyse quoted a price of $66.60 for each engine transferred to the SBAD. Jeb Hart, the manager of SBAD, was furious to note that the ED was "trying to make money off a sister division." He argued that the price must include only the cost of materials, as all other costs will be incurred irrespective of whether or not SBAD places the order for 20,000 engines. Mark Matley, the production manager of ED, pointed out that the special equipment will be purchased only for fulfilling this internal order. Moreover, he argued that inspection must also be done just like on all other engines; therefore, the inspection costs must also be included. Labor is paid a flat monthly salary. Other manufacturing costs include both variable and fixed components (in roughly equal proportion).Required:(a) Given that excess capacity exists, what is the minimum price that the ED should charge to the SBAD?(b) What are the pros and cons of internal sourcing? What will be an ideal response?