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Art
1 month ago
13

A production manager is responsible for a production budget and can potentially earn an additional bonus for minimising producti

on costs and coming in below budget. Recently he was told informally by a supplier at a social event that the price for the most heavily used material at the factory will definitely be reduced by 10% during the next year, as the result of a recent official regulatory decision, to be announced shortly in the media.
The production manager has been asked to prepare next year’s budget urgently for the Production Director, so that the overall budgetary targets for the company may be finalised.

As he has not heard officially about the price reduction at the time of submitting the budget, the production manager includes the current year’s material cost price as the budgeted cost and bases his total costs on this, knowing that this will build some ‘slack’ into his budget when the price reduction eventually comes through.

Discuss the reasons for and against, from one of the two main ethical perspectives above?​
Business
1 answer:
Nady [2.9K]1 month ago
5 0

Answer:

On the pro side of not indicating the 10% would be that it could be perceived as merely a rumor until the price reduction is formally confirmed. The unethical viewpoint regarding withholding knowledge of an impending 10% drop is that the production manager has kept his boss in the dark about a potential cost-saving opportunity for the company.

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Ellen co. has offered their customers a 1% discount off the amount owed if they pay within 15 days of receiving their bill. hand
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In this scenario, the handler company receives a $21.85 discount (1% of the amount borrowed) for settling their payment within 15 days. Consequently, rather than sending the full sum of $2,185 to Ellen Co., they will only remit $2,163.15, which is $21.85 less than the initial amount due, taking advantage of the 1% discount.
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1 month ago
The bonus rates for each salesperson are determined by sales amounts using the following scale:__________.
soldi70 [3139]

Response:

=IF(C5>35000,IF(C5>25000<35000,IF(C5<25000,0.05*C5),0.04*C5),0.02*C5)

Justification:

Below is the formula intended to be entered in cell C8:

=IF(C5>35000,IF(C5>25000<35000,IF(C5<25000,0.05*C5),0.04*C5),0.02*C5)

This formula computes the bonus based on the provided data, utilizing the IF function. The formula begins with an equal sign, followed by IF and the application of all relevant terms.

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1 month ago
Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the ball is manufactured in a
Mariulka [3164]

Answer:

Follow the instructions provided below.

Explanation:

Given the data:

The selling price of the company's ball is $25.

Variable cost per item= $15.00

Fixed costs= 426,000

The contribution margin ratio is the percentage of sales contributing to fixed costs. It is calculated using:

Contribution margin ratio= (selling price - unit variable cost)/selling price

Contribution margin ratio= (25 - 15)/25= 0.4

Break-even units= fixed costs/ contribution margin

Break-even units= 426,000/10= 42,600 units

The degree of operating leverage quantifies the change in income relative to sales fluctuations.

Degree of operating leverage= total contribution margin / (total contribution margin - fixed expenses)

Degree of operating leverage= (62,000*10) / [(62,000*10) - 426,000]

Degree of operating leverage= 3.20

6 0
23 days ago
A group of young patrons come into the venue after a sports event. They are loud and excited, celebrating a win for their team.
marusya05 [3075]

Las respuestas correctas para estas preguntas abiertas son las siguientes.

A) ¿Cómo respondes a estos clientes? Emite una advertencia al grupo para asegurarte de que conozcan el comportamiento esperado en el establecimiento.

Podría decir algo así:

"Buenas noches, caballeros. Bienvenidos a nuestro lugar. Un placer atenderles. Me gustaría pedirles amablemente que eviten hacer demasiado ruido para respetar a los demás clientes en la sala."

B) Uno de los clientes se dirige al bar para pedir varias jarras de bebida alcohólica premezclada para el grupo. Niega el servicio al cliente y explica por qué servir alcohol de esta manera es irresponsable.

Podría decir algo como:

"Señor, con todo respeto debo informar que este lugar tiene la política de no servir alcohol a clientes que no pidan comida. Por lo que le pido que comprenda esta política."

C) El cliente no está satisfecho por haberse negado el servicio y te presiona para que sirvas las jarras de alcohol. Más amigos del cliente se acercan al bar y comienzan a hacer un escándalo, hablando en voz alta para que todos en el lugar puedan escuchar. D) ¿Cómo respondes a esto?

Podría decir algo como:

"Caballeros, por favor, no hay necesidad de comportarse así. Estoy siendo muy respetuoso y ofreciendo una explicación razonable. Nuevamente, les pido que se calmen, o me veré obligado a llamar a seguridad. No es necesario hacer más grande esta situación. Por favor, tranquilícense. Permítanme ofrecerles algunos cócteles especiales sin alcohol. Es un obsequio."

E) Después de pedir a algunos de los clientes que abandonen el lugar, otros del grupo comienzan a sentirse molestos. Se están volviendo más agresivos y no crees que puedes manejar la situación por ti mismo. ¿Cómo respondes a esto?

Sollicitaría la presencia de nuestro equipo de seguridad y al mismo tiempo llamaría a la policía para informarles sobre la situación. No lo haría solo porque yo manejaría el incidente. Anteriormente, como parte de nuestros sistemas y procedimientos, un miembro de mi equipo tomaría estas consideraciones y sabría qué hacer en una situación como esta, encargándose de contactar a seguridad, y si las cosas se complican, contactar a la policía.

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1 month ago
The Optima Mutual Fund has an expected return of 20%, and a volatility of 20%. Optima claims that no other portfolio offers a hi
Mariulka [3164]

Answer:

(a) 0.75

(b) 0.2

(c) 0.6

Explanation:

(a) For the Sharpe ratio calculation -

Given:

Expected return = 20%,

Risk-free rate = 5%,

Volatility = 20%

Sharpe ratio = (Mean portfolio return - Risk-free return) ÷ Standard deviation of portfolio

Sharpe Ratio = (20% - 5%) ÷ 20%

= 0.75

(b) Given:

Standard deviation = 40%,

Portfolio return = 11%,

The risk-free return remains at 5%

Sharpe Ratio of eBay = (11% - 5%) ÷ 40%

Sharpe Ratio of eBay = 0.15

Correlation of eBay with Optima fund:

= Sharpe ratio of eBay ÷ Sharpe ratio of Optima fund

= 0.15 ÷ 0.75

= 0.2

(c) The correlation of the Sub-Optima fund with the Optima fund is 80%,

Sharpe ratio for the Optima = 0.75

Correlation of the Sub-Optima fund with the Optima fund:

= Sharpe ratio of Sub-Optima fund ÷ Sharpe ratio of Optima fund

0.80 = Sharpe ratio of Sub-Optima fund ÷ 0.75

Sharpe ratio of the Sub-Optima fund = 0.80 × 0.75

= 0.6

6 0
1 month ago
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