EBK ESSENTIALS OF ORGANIZATIONAL BEHAVI
14th Edition
ISBN: 9780134524702
Author: Judge
Publisher: YUZU
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Chapter 13, Problem 3LO
Summary Introduction
To explain: The role of dependence in power relationships.
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Redwood Manufacturing produces industrial fans. The standard for a particular cooling fan calls for 8 direct labor hours at $25 per direct labor hour. During a recent period, 300 cooling fans were made. The labor rate variance was zero, and the labor efficiency variance was $6,000 unfavorable. How many actual direct labor hours were worked?
Healthy Food is a medium-sized distributor of organic food. The company is preparing a cash budget for the third quarter of 20X4.
Budgeted operating data are as follows
0% of sales revenues are collected in the same month, and the remaining 30% are collected the following month.
The cost of goods sold is estimated to be 40% of sales. The company purchases its merchandise in the same month of sales. All purchases are on account and will be settled the following month.
Other operating expenses are estimated to be 30% of sales revenue. 20% of these operating expenses are depreciation expenses, and the remaining 80% are paid in cash when incurred.
The company has a bank loan of $50,000 with an annual interest rate of 12%. Interest is paid quarterly at the end of each quarter.
On 1 July 20X4, the cash balance is $13,000.
Question: Present a cash budget for the quarter from July to September, showing budgets for each month and the quarter.
Question. If the company can repay part of its…
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EBK ESSENTIALS OF ORGANIZATIONAL BEHAVI
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- Please provide the solution to this general accounting question with accurate financial calculations.arrow_forwardI need guidance with this financial accounting problem using the right financial principles.arrow_forwardQ2. Sweet Company manufactures and sells confectionery products to retail and trade customers throughout Southeast Asia. Established in Indonesia, the company has grown its operations to several countries in the region, with Indonesia and Malaysia being its primary markets. The company has been very frugal with its capital expenditure in the past several years, especially during the COVID period. The confectionery market is very competitive but has grown quickly. The company plans to invest more in property, plant and equipment (PPE) in the coming years. Its financial data for 20X2 and 20X3 are as below. Q. Calculate the profitability ratios below for 20X3 and 20X2 using the provided formulas and evaluate the company's performance. Express the calculated ratios as a percentage to two decimal places. • Gross Marginff Gross Profit / Revenue. Profit Marginff Net Profit after Tax / Revenue. Return on Assets (ROA)ff Net Profit after Tax / Total Assets. Q. Calculate the liquidity ratios…arrow_forward
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