9. Suppose that a company gives out $100 cach month for the employee who most follows lean management principles. Which 7S principle are they following by recognizing the employee?
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- ABC Ltd has incorporated a bonus plan that rewards the board of directors (executive members) by providing a bonus of 3 per cent of reported profits. This is an Accounting-based incentive that has the advantage which the accounting results may be based on subunit or divisional performance. "A well-informed labour market will motivate management to work to maximise the value of its firm. Underperformance might lead to dismissal and, if the labour market is efficient in disseminating data, a 'failed' manager might have difficulty attracting a position with comparable pay elsewhere." (Deegan, 2020) QUESTION: Using Positive Accounting Theory (PAT), discuss the bonus theme in general and why the bonus plan (Accounting-based) was put in place in ABC Ltd?Tom and Jerry are both managers of sales teams at Flint Corp., a furniture company whose most popular item is a tweed couch. Tom and Jerry are very competitive and each attempt to outperform one another every year. Currently, Tom's department has better metrics, which has resulted in larger bonuses for Tom and his team. Flint Corp. evaluates both departments based upon each team's respective return on investment and economic value added. The departments reported the following financial data during the most recent year: Operating Income Sales Average Operating Assets Total Assets Current Liabilities Jerry $125,613 $2,791,400 $953,900 $1,103,880 $208,630 Tom $183,995 $3,679,900 $1,321,120 $1,521,480 $296,860 It should be noted that Flint uses average operating assets as its definition of investment, and it has a minimum required rate of return of 8.72% and a tax rate of 22%. Flint has used a variety of ways to acquire capital and has the current makeup: proportion of equity is 38%, the…۱۲:۳۲ A elearning.act.edu.om Muscat. Employee Managerial Directors & Category Persons Others Average OMR 155,000 OMR 165,000 Earnings Age of 60 55 Retirement No. of 15 10 Employees Current 55 50 Average age Discount Rate 11% 11% a. What is the value of Managerial Persons according to Lev and Schwartz Model? b. What is the value of Directors and Others according to Lev and Schwartz Model?
- A firm in a perfectly competitive industry has a typical cost structure. The normal rate of profit in the economy is 6 percent. This firm is earning $15 on every $150 invested by its founders. Instructions: Enter your answers as whole numbers. a. What is its percentage rate of return? percent. b. Is the firm earning an economic profit? (Cick to select) If so, how large? O percent. c. Will this industry see entry or exit? (Click to select) d. What will be the rate of return earned by firms in this industry once the industry reaches long-run equilibrium? O percent.9. Which is not an aspect of a report to make it effective? a. Detailed b. Accuracy c. Relevance d. Exception oriented 10. Which of the following statements is true? a. world class companies motivate and treat employees like appreciating assets b. manufacturing firms that achieve world class status do so by following a philosophy of lean manufacturing c. world class companies must maintain strategic agility and be able to turn on a dime d. all of the above 11. Which of the following is not recorded using the fixed assets system? a. Sale of a company van b. Improvement of a leased office space c. Purchase of raw materials d. None of the abovedear tutor, kindly assist me to answer this question. management accounting subject
- Example 20.26 The employees of a textile mill have approached the management for a raise in their wages. Their contention is that while prices have increased enormously, their wages have risen mar- ginally and, as such, their "real" wages have declined. In support of their case, they have presented the following data to the management. Year 1999 2000 2001 2002 2003 2004 3800 3910 3990 4050 4095 5120 Average monthly wage (Rs) Price Index 110 125 155 170 189 216 You are asked to calculate the "real" wages. Also compute the additional amount necessary in 2004 to provide buying power at par with that in 1999.What effect did the change in the bonus plan have on each manager’s behavior? Did the new bonus plan achieve what Mendez wanted? What changes, if any, would you make to the new bonus plan?We have seen how cost and volume assumptions affect net income. A common application of CVP analysis is a tool to forecast sales, costs, and income. Assume that you are actively searching for a job. Identify and discuss three assumptions relating to your expected revenue (salary), and three assumptions related to your expected costs (expenses) for the first year on the job.
- John Mendenhall seeks your advice on revising the existing bonus plan for division managers of News Report Group. Assume division managers do not like bearing risk. Mendenhall is considering three ideas: ■ Make each division manager’s compensation depend on division RI. ■ Make each division manager’s compensation depend on company-wide RI. ■ Use benchmarking and compensate division managers on the basis of their division’s RI minus the RI of the other division. Q. Mendenhall is also concerned that the pressure for short-run performance might cause managers to ignore emerging threats and opportunities. What system might Mendenhall introduce to prevent this problem? Explain briefly.Flamengo Co is a sporting goods manufacturing. Its basketball division had an ROI of 15% in 2020. Which of the following is not an advantage of ROI? O It discourages excessive investment in operating assets. O It encourages cost efficiency. O It encourages managers of departments with high ROIS to invest in average ROI projects. OIt encourages managers to pay careful attention to the relationships among sales, expenses, and investment.In compensation management, if an company is unable to raise your salary, and they are trying to make you stay but are unable to raise your pay, what are three things they can do to make you stay and not leave the worrk?
