Organizational Behavior
OER 2019 Edition
ISBN: 9781947172715
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 8, Problem 2CTC
What concerns would you have regarding giving employees countless flexible benefits such as HubSpot does; for example, a yearly sabbatical?
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L.L. Bean operates two factories that produce its popular Bean boots (also known as "duck boots") in its home state of Maine. Since L.L. Bean prides itself on manufacturing its boots in Maine and not outsourcing, backorders for its boots can be high. In 2014, L.L. Bean sold about 450,000 pairs of the boots. At one point during 2014, it had a backorder level of about 100,000 pairs of boots. L.L. Bean can manufacture about 2,200 pairs of its duck boots each day with its factories running 24/7. In 2015, L.L. Bean expects to sell more than 500,000 pairs of its duck boots. As of late November 2015, the backorder quantity for Bean Boots was estimated to be about 50,000 pairs. Question: Now assume that 5% of the L.L. Bean boots are returned by customers for various reasons. L. Bean has a 100% refund policy for returns, no matter what the reason. What would the journal entry be to accrue L.L. Bean's sales returns for this one pair of boots?
The following data were taken from the records of Splish Brothers Company for the fiscal year ended June 30, 2025.
Raw Materials Inventory 7/1/24
$58,100
Accounts Receivable
$28,000
Raw Materials Inventory 6/30/25
46,600
Factory Insurance
4,800
Finished Goods Inventory 7/1/24
Finished Goods Inventory 6/30/25
99,700
Factory Machinery Depreciation
17,100
21,900
Factory Utilities
29,400
Work in Process Inventory 7/1/24
21,200
Office Utilities Expense
9,350
Work in Process Inventory 6/30/25
29,400
Sales Revenue
560,500
Direct Labor
147,550
Sales Discounts
4,700
Indirect Labor
25,360
Factory Manager's Salary
63,400
Factory Property Taxes
9,910
Factory Repairs
2,500
Raw Materials Purchases
97,300
Cash
39,200
SPLISH BROTHERS COMPANY
Income Statement (Partial)
$
Chapter 8 Solutions
Organizational Behavior
Ch. 8.1 - What are performance appraisals, and how are they...Ch. 8.1 - How are performance appraisals used as a reward...Ch. 8.2 - What are the techniques and scales used in...Ch. 8.2 - What are MBOs, and how do they relate to...Ch. 8.2 - What are assessment centers?Ch. 8.3 - What types of feedback do performance appraisals...Ch. 8.4 - What is the best appraisal system for...Ch. 8.4 - How are rewards tied to performance appraisals?Ch. 8.5 - What are the differences between individual and...Ch. 8.5 - What is the variety of reward incentives available...
Ch. 8 - Identify the various functions of performance...Ch. 8 - What are some problems associated with performance...Ch. 8 - Define validity and reliability. Why are these two...Ch. 8 - How can errors in appraisals be reduced?Ch. 8 - Critically evaluate the advantages and...Ch. 8 - Discuss the role of feedback in employee...Ch. 8 - What is the difference between intrinsic and...Ch. 8 - Identify the major bases of reward distribution.Ch. 8 - How does money influence employee motivation?Ch. 8 - Discuss the relative merits of individual and...Ch. 8 - Describe the benefits and drawbacks of several of...Ch. 8 - How does HubSpots focus on culture affect employee...Ch. 8 - What concerns would you have regarding giving...
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- No AIarrow_forwardHshshsheheheharrow_forwardL.L. Bean operates two factories that produce its popular Bean boots (also known as "duck boots") in its home state of Maine. Since L.L. Bean prides itself on manufacturing its boots in Maine and not outsourcing, backorders for its boots can be high. In 2014, L.L. Bean sold about 450,000 pairs of the boots. At one point during 2014, it had a backorder level of about 100,000 pairs of boots. L.L. Bean can manufacture about 2,200 pairs of its duck boots each day with its factories running 24/7.In 2015, L.L. Bean expects to sell more than 500,000 pairs of its duck boots. As of late November 2015, the backorder quantity for Bean Boots was estimated to be about 50,000 pairs. Question: Assume that a pair of 8" Bean Boots are ordered on December 3, 2015. The order price is $109. The sales tax rate in the state in which the boots are order is 7%. L.L. Bean ships the boots on January 29, 2016. Assume same-day shipping for the sake of simplicity. On what day would L.L. Bean recognize the…arrow_forward
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