Which of the following pay structures would a company adopt if it wanted a pay structure that rewards employees based on their knowledge and competency?
A. Pay policy line approach
B. Skill-based pay approach
C. Pay grade approach
D. Delayering approach
E. Market survey data approach
Answer: B
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In determining lifetime value for individual customers, customer acquisition costs are determined by:
A) dividing advertising costs by the number of customer transactions B) dividing the total marketing and advertising costs by the number of new customers C) dividing the total marketing and advertising costs by the number of total customers D) dividing the advertising costs associated with acquiring new customers by the number of new customers
Charlie's Chocolates' had stock issuances of $86,000 and dividends of $38,000. The company has revenues of $119,000 and expenses of $82,000. Calculate its net income.
A. $48,000. B. $85,000. C. $82,000. D. $37,000. E. $119,000.
Describe how the cultural composition of work groups affects the way they function.
What will be an ideal response?
The Safety Chemical Company produces a special kind of body oil that is widely used by professional sports trainers. The oil is produced in three processes: Refining, Blending, and Mixing. Raw oil materials are introduced at the beginning of the refining process. A "mountain-air scent" material is added in the blending process when processing is 50% completed.The following Work-in-Process account for the Refining Department is available for the month of July. The July 1 Work-in-Process balance contains $1,500 in material costs.Work-in-Process: Refining Beginning balance (5,000 gal, 80% complete)$6,500 Materials (30,000 gal.) 12,300 Direct labor 14,500 Overhead 21,750 Ending balance (6,000 gal., 2/3 complete) ?? The following Work-in-Process account for the Blending
Department is available for the month of July. The July 1 Work-in-Process balance contains $5,920 in material costs and $1.56/unit in costs transferred in from the Refining Department.Work-in-Process: Blending Beginning balance (8,000 gal, 30% complete)$22,850 Costs transferred in from Refining ??? Materials 20,810 Direct labor (725 hours) 5,748 Overhead 11,600 Ending balance (4,000 gal., 40% complete) The Safety Chemical Company uses first-in, first-out (FIFO) costing for the Refining Department and weighted-average costing for the Blending Department.Required (use 4 decimal places for computations):Part 1: Refining Department(a) Compute the equivalent units of production for July.(b) Compute the material cost per unit and the conversion cost per unit for July.(c) Compute the costs transferred to the Blending Department for July.(d) Compute the July 31 Work-in-Process Inventory balance.Part 2: Blending Department(e) Compute the equivalent units of production.(f) Compute the unit costs in the Blending Department for the month of July.(g) Compute the costs transferred out for July.(h) Compute the July 31 Work-in-Process Inventory balance. What will be an ideal response?