Which of the following statements aboutforms of variable pay are true?Group of answer choicesA bonus is simply a one-time payment ofa piecework rate.Stock options are a category of job-sharing pay plans.Profit-sharing plans are also called piece-rate plans.Gain-sharing is a motivational plan basedon group productivity.Profit-sharing plans are based on theconcept that intrinsic rewards are moremotivating than extrinsic rewards.

Variable pay refers to the sales remuneration portion which is dependent through job performance. It…

Answered: Which of the following statements about…

Which of the following statements about forms of variable pay are true? Group of answer choices A bonus is simply a one-time payment of a piecework rate.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Consider the following: Present value of vested benefits at present pay levels. Present value of…

A: The objective of the question is to identify which of the given options constitute the projected…

Q: how does the contribution margin pricing method differ from ratio pricing method?

A: The question is based on the concept of pricing policy and methods. The product's price can be…

Q: The contract rate is above the market rate. The contract rate is equal to the market rate.

A: The correct answer is option (a) The contract rate is above the market rate.

Q: 1. When applying lower of cost or market, market value A. is defined as the selling price B.…

A: This Net realizable value(NRV) generally a common method used in valuation of an asset in inventory…

Q: Which of the following costs is a nonlease component for the lessee? Group of answer choices taxes…

A: The objective of the question is to identify which of the given costs is considered a nonlease…

Q: How is the total payment under a unit-price contract determined? When is such a contract likely to…

A: Unit price contract is a common pricing contract which is based on each unit or task of the…

Q: Question 19 Which of the following is not an expense? Prepaid Expense. Cost of Good Sold. Salary…

A: Expense and revenues are two important element of income statement of business. Net profit is…

Q: How do i caculate the fixed cost

A: The objective of this question is to understand how to calculate the fixed cost in a business. Fixed…

Q: Among pay-mix alternatives, base pay is largest in work-life balance Osecurity or commitment…

A: Pay mix is a composition of the ratio between the base salary and the variable pay. It depends on…

Q: What is a characteristic of pay for performance? O Pays all providers the same amount O Creates…

A: Pay for performance has been introduced to order to motivate the employees to improve their…

Q: My question is asking the amount of the total variable expense. Please help.

A: Variable expenses are those which do not remain constant. These expense keeps on varying with the…

Q: Which of the following describes the behavior of the fixed cost per unit?

A: Fixed cost is the cost which is doesnt change gets effects with the change in production which means…

Q: Describe the two forms that the calculation of the payback period can take?

A: The payback period alludes to what extent it takes for a speculator to hit breakeven to recoup the…

Q: Can we compute the IRR for each option without knowing the revenue figure? Why?

A: The internal rate of return (IRR) is a capital budgeting metric used to gauge the benefit of…

Q: what is fixed-price contract, and what are the benfit of chosing it

A: A contract where the price is fixed as negotiated by the parties is known as a Fixed Price Contract.…

Q: Revenue Recognization Question. What is the significant difference between the Contract-Based…

A: Revenue recognition is the accounting principle that outlines the conditions under which revenue…

Q: What if the lessee is unaware of the lessor’s implicit rate?

A: Lease: Lease is a contractual agreement whereby the right to use an asset for a particular period…

Q: In general terms, how would a change ininvestment opportunities affect the payoutratio under the…

A: Answer: In the residual dividend policy, the distribution is calculated after the company’s spending…

Q: Which of the following statements is (are) true? (A) A price standard is the price that should be…

A: Standard costing refers to the method of costing used for the computation of expenses in the process…

Q: What are Equal-Payment Series?

A: Equal payment refers to the equal net periodic cash flows that an investor receives during the life…

Q: Assume benefit is unchanged, how to manipulate the cost to have positive NPV (net present value)

A: Net Present Value is the difference between PV of all cash inflows (benefits) and PV of all cash…

Q: Which of the following items does break-even analysis attempt to determine? The point at which…

A: Breakeven level is that sales level at which business is only recovering its total incurred costs.…

Q: What is the relationship between revenue and net income on the Income Statement? As contribution…

A: Revenue represents the total income generated by a company from its primary operations, such as…

Q: In economics, a fixed cost is a cost that O does not vary with the level of output. O goes down as…

A: The cost can be classified into two categories i.e fixed cost and variable cost. The FIxed cost…

Question

Which of the following statements about
forms of variable pay are true?
Group of answer choices
A bonus is simply a one-time payment of
a piecework rate.
Stock options are a category of job-
sharing pay plans.
Profit-sharing plans are also called piece-
rate plans.
Gain-sharing is a motivational plan based
on group productivity.
Profit-sharing plans are based on the
concept that intrinsic rewards are more
motivating than extrinsic rewards.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

A utility bill consisting of a monthly base, plus an added amount based on usage, is classified as a: Question 2 options: fixed cost. mixed cost. curvilinear cost. variable cost.
What is the difference between the methods of calculating cost of goods, periodic vs perpetual?
c) explain the disadvantages of each criteria; payback period, discounted payback, NPV, IRR
What is the relationship among fixed costs, contribution margin, and thebreak-even point?
When is employee compensation referred to as variable pay? 0 a. when employee pay is comprised of varying component O b. when employer costs vary with the incentives offered O C. when employee pay varies with market pay when employee pay is linked to performance O d.
What is the difference between direct pay and indirect pay?
Which of the following statements is FALSE? O a. The mark up is a percentage applied to base cost. O b. A major advantage of mark up pricing is that standard mark ups are easy to apply. Oc. The mark up can be calculated using a variety of bases. O d. The mark up is an absolute rule.
A fixed cost is a cost that never varies. O True O False
What are the shortcomings of the payback period?
(Variable cost = Total cost - Fixed cost - Net profit) you have not consider the net profit in the calculation. I think it should be added right ?
Define the term Non-comparable Compounding and Payment periods?