Sheronda Rowe is the payroll accountant for Great Lake Lamps. The company's management has requested an analysis of the payroll effects on the expenses of the company. Explain which accounting report(s) you would use to construct your analysis. How would explain the purpose of labor expenses as they affect company productivity?
What will be an ideal response?
The labor distribution report, trial balance, income statement, and balance sheet would all show some aspects of the payroll expenses within the company. Student specific answers will vary along this line.
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Steelz Inc. has designed a process that manufactures an improved version of steel more efficiently, which will save the firm both money and resources. In considering the launch of this new steel in the market, the firm must first decide on ________
A) timing B) location C) organizational structure D) test marketing E) product mix
Alex and Allison have been assigned the task of sending out marketing letters to all of the company’s clients. What would be the best scheduling technique to use if they want to plan out who is in charge of specific activities and their deadlines?
a. Gantt chart b. priority scheduling c. planning sheet d. PERT diagram
McDonald's introduced its Favorites Under 400 Calories menu, attempting to change consumers' negative views of McDonald's as a seller of unhealthy food. It would like to survey customers to see if attitudes are changing, but it would like to collect some qualitative data first. Suggest two approaches-one offline, and one online-that McDonald's could use to collect qualitative data before designing a survey.
What will be an ideal response?
Firm A has a higher degree of business risk than Firm B. Firm A can offset this by using less financial leverage. Therefore, the variability of both firms' expected EBITs could actually be identical.
Answer the following statement true (T) or false (F)