Questions
Describe the relationships among performance measured at different levels within an organization and discuss how training,...

Describe the relationships among performance measured at different levels within an organization and discuss how training, development and job redesign can help improve performance.

Describe the role of incentive pay, identify different programs for individual-based and team-based incentive plans.

In: Operations Management

ATC 15-1 Business Applications Case   Static versus flexible budget variances David Catrow is the manufacturing production...

ATC 15-1 Business Applications Case   Static versus flexible budget variances

David Catrow is the manufacturing production supervisor for Faraday Motor Works (FMW), a company that manufactures electrical motors for industrial applications. Trying to explain why he did not get the year-end bonus that he had expected, he told his wife, “This is the dumbest place I’ve ever worked. Last year the company set up this budget assuming it would sell 150,000 units. Well, it sold only 140,000. The company lost money and gave me a bonus for not using as much materials and labor as was called for in the budget. This year, the company has the same 150,000 units goal and it sells 160,000. The company’s making all kinds of money. You’d think I’d get this big fat bonus. Instead, management tells me I used more materials and labor than was budgeted. They said the company would have made a lot more money if I’d stayed within my budget. I guess I gotta wait for another bad year before I get a bonus. Like I said, this is the dumbest place I’ve ever worked.”

FMW’s master budget and the actual results for the most recent year of operating activity follow.

Master Budget

Actual Results

Variances

F or U

Number of units

     150,000  

160,000

10,000

Sales revenue

$33,000,000

$35,520,000

$2,520,000

F

  Variable manufacturing costs

    Materials

(4,800,000)

(5,300,000)

500,000

U

    Labor

(4,200,000)

(4,400,000)

200,000

U

    Overhead

(2,100,000)

(2,290,000)

190,000

U

  Variable selling, general, and admin. costs

     (5,250,000)

    (5,450,000)

200,000

U

Contribution margin

16,650,000

18,080,000

1,430,000

F

  Fixed costs

    Manufacturing overhead

(7,830,000)

(7,751,000)

79,000

F

    Selling, general, and admin. costs

     (6,980,000)

(7,015,000)

35,000

U

Net income

  $ 1,840,000  

$ 3,314,000

$1,474,000

F

Required

  1. Assume that the company’s materials price variance was favorable and its materials usage variance was unfavorable. Explain why Mr. Catrow may not be responsible for these variances. Now, explain why he may have been responsible for the materials usage variance.
  2. Assume the labor price variance is unfavorable. Was the labor usage variance favorable or unfavorable?
  3. Is the fixed cost volume variance favorable or unfavorable? Explain the effect of this variance on the cost of each unit produced.

In: Accounting

Comprehensively discuss how Spotify attempts to provide a total customer experience (CX) (not customer service) with...

Comprehensively discuss how Spotify attempts to provide a total customer experience (CX) (not customer service) with its customers.

Identify the factors that should be considered in developing a customer profile for Spotify.

In: Operations Management

A company uses a ranking system of values from 0 to 5 to determine pay raise...

A company uses a ranking system of values from 0 to 5 to determine pay raise percentage and new salary for employees. Create the code for a python application that prompts the user for the annual performance ranking for an employee and their current salary.   Your code should use the annual performance ranking to determine the pay raise percentage based on the table below, then calculate the new annual salary ( salary + raise) in dollars. Assume rankings are only 0 to 5 inclusive. The employee ranking must be greater than or equal to zero and less than 6. Your code should have statements to output the calculated raise and new salary for each case.

Use the following table to determine pay raise percentage:

Employee Ranking                    Pay raise %

0                                                 0%

1                                               1.25%

2                                               2.0%

3                                               2.5%

4                                               3.25%

5                         3.5%

Run with the following test cases:

Rank Salary

3 $76,000

5 $32,000

1 $52,000

In: Computer Science

Write the Java source code necessary to build a solution for the problem below: The Fibonacci...

Write the Java source code necessary to build a solution for the problem below:


The Fibonacci numbers form a sequence where each number is the sum of the previous two numbers. Starting from 0 and 1, the first eight Fibonacci numbers are built in the following list using the equation Fn = Fn-1 + Fn-2:

0, 0
0, 1
1, 1
1, 2
2, 3
3, 5
5, 8
8, 13

The sequence would be the numbers in red (0, 1, 1, 2, 3, 5, 8, 13).

Create a stack class and a test program to display the first 50 Fibonacci numbers in descending order. Use a stack to store these numbers. Once 50 numbers have been computed, print the numbers in a descending order. You will note that this process is naturally recursive. Therefore, use recursion to find this series of Fibonacci numbers.

In: Computer Science

Consider the database of a car rental company that contains three tables drivers, cars and reservation...

Consider the database of a car rental company that contains three tables drivers, cars and reservation tables.

Drivers:                                           Reservation:                              Cars:

Dno

Dname

age

Dno

Cno

Day

Cno

Cmake

Color

22

Dustin

45

22

101

10/10

101

BMW

Blue

29

Brutus

33

22

102

10/10

102

VW

Red

31

Lubber

55

22

103

10/8

103

OPEL

Green

32

Andy

25

22

104

10/7

104

FIAT

Red

58

Rusty

35

31

102

11/10

64

Horatio

35

31

103

11/6

71

Zorba

16

31

104

11/12

74

Horatio

35

64

101

9/5

85

Art

25

64

102

9/8

95

Bob

63

74

103

9/8

23

Alice

15

23

104

9/11

  1. Write DDL statements to create the tables

Drivers(Dno, Dname, age)

Reservation(Dno, Cno, Day)

Cars(Cno, Cmake, Color)

Where:

  • no field could be empty except the age of the Driver.
  • The company does not own more than one car from one maker     
  • the colors of the cars should not be other than the following group (blue, white, red , green)
  1. Write Queries for the following:
    1. Insert the sample data shown above into the tables

  1. Write Queries for the following:
    1. Find the names of drivers who have reserved car no 103.
    2. Find the names of Drivers who have reserved red or Green cars.( use IN, UNION, =SOME/=ALL, and JION    each in separate query)For this segment, 4 responses are required, using the operations shown in parentheses
    3. Find the driver Dno of drivers with age over 20 who have not reserved a read car.
    4. Find the names of drivers who have reserved all cars.
    5. List the name of the drivers along with the day they rent cars in descending order
    6. List the name of the drivers whom rent more than 3 times along with the number of the times.
    7. Change the age of Alice to 18 years old
    8. Delete the information of the drivers younger than 20 years old

In: Computer Science

Outline how the extraction of electronic system level characterization data is achieved in terms of collection,...

Outline how the extraction of electronic system level characterization data is achieved in terms of collection, organization, integration and analysis for performance for field programmable gate arrays (FPGA)?

In: Electrical Engineering

1) You have just purchased a home and taken out a $ 530,000 mortgage. The mortgage...

1) You have just purchased a home and taken out a $ 530,000 mortgage. The mortgage has a 30​-year term with monthly payments and an APR of 5.20%.

a. How much will you pay in​ interest, and how much will you pay in​ principal, during the first​ year?

b. How much will you pay in​ interest, and how much will you pay in​ principal, during the 20th year​ (i.e., between 19 and 20 years from​ now)?

2) You need a new car and the dealer has offered you a price of $20,000​, with the following payment​ options: (a) pay cash and receive a $2,000 rebate, or​ (b) pay a $5,000 down payment and finance the rest with a 0% APR loan over 30 months. But having just quit your job and started an MBA​ program, you are in debt and you expect to be in debt for at least the next 2​ ½ years. You plan to use credit cards to pay your​ expenses; luckily you have one with a low​ (fixed) rate of 13.59% APR. Which payment option is best for​ you?

3) The mortgage on your house is five years old. It required monthly payments of $1,450​, had an original term of 30​ years, and had an interest rate of 10% (APR). In the intervening five​ years, interest rates have fallen and so you have decided to refinance — that ​is, you will roll over the outstanding balance into a new mortgage. The new mortgage has a​ 30-year term, requires monthly​ payments, and has an interest rate of 6.625% (APR).

a. What monthly repayments will be required with the new​ loan?

b. If you still want to pay off the mortgage in 25​ years, what monthly payment should you make after you​ refinance?

c. Suppose you are willing to continue making monthly payments of $1,450. How long will it take you to pay off the mortgage after​ refinancing?

d. Suppose you are willing to continue making monthly payments of $1,450 and want to pay off the mortgage in 25 years. How much additional cash can you borrow today as part of the​ refinancing?

4) Your uncle Fred just purchased a new boat. He brags to you about the low 6.9% interest rate​ (APR, monthly​ compounding) he obtained from the dealer. The rate is even lower than the rate he could have obtained on his home equity loan 7.9% ​APR, monthly​ compounding). But if his tax rate is 25% and the interest on the home equity loan is tax​ deductible, which loan is truly​ cheaper?

In: Finance

Using Alderian theory of birth order, If you were an Adlerian therapist, which of the five...

Using Alderian theory of birth order, If you were an Adlerian therapist, which of the five birth order positions do you think would be most challenging to work with? Support your reasoning with some objective facts about the types of behavior found in that birth order position.  

In: Psychology

Write a C program that allows: Three integer values to be entered (read) from the keyboard,...

Write a C program that allows:

  • Three integer values to be entered (read) from the keyboard,
  • Display the sum of the three values on the computer screen as follows:

The integers that you have entered are:

a

b

c

The sum of a , b & c is ______

Thank you!

C Code:

Output screen:

In: Computer Science

Explain how Franklin Roosevelt and the New Deal attempted to solve the Great Depression. Who supported...

Explain how Franklin Roosevelt and the New Deal attempted to solve the Great Depression. Who supported the New Deal? Who criticized it? In what ways did the New Deal succeed? In what ways did it fail? ESSAY QUESTION PLEASE ANSWER FULLY.

In: Psychology

1. The statement of financial position is another name for the income statement True False 2....

1. The statement of financial position is another name for the income statement

True

False

2. The income statement only statement dated as of a point in time.

True

False

3. Assets and liabilities come into existence at different times and are not affected the same way by inflation and specific price level changes

True

False

4. For the purposes of the balance sheet preparation, there are several different measurement bases are used (historical cost, depreciated historical cost, market value, realizable value, present value) which compromises the comparability characteristic of accounting information

True

False

5. The present value of a future cash flow is its discounted value and it is the primary measurement basis for long term investmests

True

False

6. Current asset (CA): an asset expected to be realized in cash or to be consumed or sold during the normal operating cycle, or within one year of the balance sheet date, whichever is shorter.

True

False

7. Gains represent increases in net assets or settlements of liabilities by providing goods and services

True

False

8. Expenses represent decreases in net assets or incurred liabilities through the provision of goods or services

True

False

9. The requirement to disclose comprehensive income affects the computation of net income

True

False

10. Statement of Cash Flows is required for all business enterprises which report both financial position (Balance Sheet) and results of operations (Income Statement) for a period.

True

False

11. Under the net method of accounting for the cash discounts, if the customer does not pay within the discount period, a sales discount forfeit is recognized (revenue account):

True

False

12. Under the allowance method, we can estimate the uncollectable accounts receivable using either the 1) Percentage-of-Sales Approach and/or 2) Percentage-of-Receivables Approach:

True

False

In: Accounting

(a) Investment A for $100,000 is invested at a nominal rate of interest, j, convertible semiannually....

(a) Investment A for $100,000 is invested at a nominal rate of interest, j, convertible semiannually. After 4 years, it accumulates to 214,358.88.

(b) Investment B for $100,000 is invested at a nominal rate of discount, k, convertible quarterly. After two years, it accumulates to 232,305.73. 2

(c) Investment C for $100,000 is invested at an annual effective rate of interest equal to j in year one and an annual effective rate of discount equal to k in year two. Calculate the value of investment C at the end of two years.

In: Finance

How Strong Are the Banking Industry’s Competitive Forces?

How Strong Are the Banking Industry’s Competitive Forces?

In: Operations Management

Very easy: Write an EBNF rule that describes the following for statement in Java for (...

Very easy: Write an EBNF rule that describes the following for statement in Java

for ( counter = 1; counter <= 10; counter ++)

{

sum=sum+1;

}

Then test your EBNF rule in Java as a recursive-descent subprogram

In: Computer Science