BUSINESS COLLEGE

10-2. Why is the formal training of workers so important to most employers?

Answers

Answer 1
Answer:

Answer: Formal training is an integral part of employee development. It helps employee to get introduced to the nature of the job.

a) It makes clear to the workers what the employer needs, without which workers may not understand which work should be done on priority basis.

b) It eliminates waste of resources like time, money, etc. If a work is done without any formal training, such work might not be in desired standard; this thing is the waste of money as well as time. Therefore, in order to prevent it the formal training is required.

In rudimentary terms, every firm depends on its workforce to a great extent.  After all, it is the people that run the operations of the company.  

The employer that provide training to their employees see the following benefits:

Greater productivity,better cooperation,continuous growth of employees

and enhanced job satisfaction.

Related Questions

When an organization hires new employees, there may be no more important part of that process than the organizational socialization process. This process takes place over 3 steps or phases; a. anticipatory socialization—those activities that take place prior to the first day on the job; b. encounter—where the newcomer learns what the organization is really like; and c. change and acquisition—where members master important tasks and roles. d. This process can be achieved through a variety of processes and tactics. e. This exercise will challenge your understanding of some of the characteristics of these tactics and processes.
According to the modern view of the Phillips curve, expansionary macroeconomic policy that leads to inflation will reduce unemploymenta. only if people underestimate the inflationary side effects of the policy.b. only if people overestimate the inflationary side effects of the policy.c. if people accurately anticipate the inflationary side effects of the policy.d. only if monetary policy provides the macroeconomic stimulus.
Caroline is working for a marketing firm making $60,000 per year but considers starting her own marketing company. Caroline has determined that to launch the business, she needs to invest $100,000 of her own funds. The annual cost of running the business will include $75,000 for the rent of the office space, $190,000 for employee wages, and $6,000 for materials and utilities. Caroline plans to manage the business, which means that she will have to quit her current job. Suppose that the interest rate (or rate of return) on investments in the economy is 6%.Caroline's total implicit cost per year is .
PA5. LO 6.3Medical Tape makes two products: Generic and Label. It estimates it will produce 423,694 units of Generic and 652,200 of Label, and the overhead for each of its cost pools is as follows:It has also estimated the activities for each cost driver as follows:How much is the overhead allocated to each unit of Generic and Label?
In the initial Cournot duopoly equilibrium, both firms have constant marginal costs, m, and no fixed costs, and there is a barrier to entry. Show what happens to the best-response function of firms if both firms now face a fixed cost of F Let market demand be p-a -bQ, where a and b are positive parameters with 2 firms. Let q1 and q2 be the amount produced by firm 1 and firm 2, respectively. Assuming it is optimal for the firm one to produce, its best-response function is I. (Properly format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts. Eg., a subscript can be created with the- q1 = character.)

Consider the following information: Probability of State Rate of Return if State Occurs
Economy of Economy Stock A Stock B
Recession .20 .010 – .35
Normal .55 .090 .25
Boom .25 .240 .48
a. Calculate the expected return for the two stocks.'

Answers

Answer:

11.15%

Explanation:

The formula to compute the expected rate of return is shown below:

Expected rate of return = (Recession probability× Possible Returns ) + (Normal Probability  × Possible Returns ) + (Boom Probability  × Possible Returns 3)

= (0.20 × 0.010) + (0.55 × 0.090) + (0.25 × 0.240)

= 0.002+ 0.0495 + 0.06

= 11.15%

Simply we multiply the probability with its return so that accurate rate could come.

Andrews Company manufactures a line of office chairs. Each chair takes $14 of direct materials and uses 1.9 direct labor hours at $16 per direct labor hour. The variable overhead rate is $1.20 per direct labor hour, and the fixed overhead rate is $1.60 per direct labor hour. Andrews expects to have 675 chairs in ending inventory. There is no beginning inventory of office chairs. unit product cost. budgeted ending inventory

Answers

Answer:

Chair unit cost:                 $    49.72

Total cost for 675 chairs: $  33,561

Explanation:

Direct Materials:                                                                   $  14.00

Direct Labor:   1.9 hours x $16 labor cost:                           $ 30.40

Overhead:

1.9 labor hours x ($ 1.6 variable rate + $ 1.20 fixed rate) = $  5.32  

                                          Total unit cost:                             $ 49.72

Cost to produce 675 chairs:

675 charis x $ 49.72 per chair = $ 33,561‬

Sample Test Problem 9.4 Management is considering developing new computer software. The cost of development will be $675,000, and management expects the net cash flow from sale of the software to be $195,000 for each of the next six years. If the discount rate is 14 percent, What is the IRR on this project? (Round answer to 3 decimal places,e.g. 15.221.) IRR %

Answers

Answer:

Explanation:

Year  Cash flow   PV factor@15%  PV@15%   PV factor@20%  PV@20%

0   (675,000)       1.000         (675,000) 1.000       (675,000)

1    195,000   0.870          169,565         0.833        162,500

2    195,000   0.756          147,448          0.694         135,417

3    195,000   0.658          128,216          0.579         112,847

4    195,000   0.572           111,492           0.482         94,039

5    195,000   0.497           96,949           0.402         78,366

6    195,000   0.432           84,304           0.335         65,305

                                  NPV           62,974                        (26,526)

IRR = Lower rate + Difference in rates*(NPV at lower rate)/(Lower rate NPV-Higher rate NPV)

       = 15% + 5%*(62974/(62974 + 26526)  

       = 18.52%  

Therefore, The IRR on this project is 18.52%

Flounder Corporation began operations on January 1, 2020 when $230,000 was invested by shareholders of the company. On March 1, 2020, Flounder purchased for cash $101,000 of debt securities that it classified as available-for-sale. During the year, the company received cash interest of $8,900 on these securities. In addition, the company has an unrealized holding loss on these securities of $13,100 net of tax. Determine the following amounts for 2020: (a) net income, (b) comprehensive income, (c) other comprehensive income, and (d) accumulated other comprehensive income (end of 2020). (Enter negative amounts using either a negative sign preceding the number e.g. -15 or parentheses e.g. (15).)

Answers

Answer:(a) $8,900

(b) -($4,200)

(c) -($13,100)

(d) -($13,100)

Explanation:

Given that,

Amount invested by shareholders = $230,000

Debt securities purchased for cash = $101,000

Received cash interest on securities = $8,900

unrealized holding loss on these securities = $13,100

(a) Net Income = $8,900(Cash interest received)

(b) Comprehensive Income = Net Income - unrealized holding loss

                                              = $8,900 - $13,100

                                              = -($4,200)

(c) Other Comprehensive Income = unrealized holding loss

                                                        = -($13,100)

(d) Accumulated other comprehensive income:

Ending Balance of other comprehensive income = Beginning Balance + During this year

= $0 + (-$13,100)

= -($13,100)

Referring to the average length of time modern justices sit on the Supreme Court, one law professor stated that, "Serving 25 years or more is too long in a democracy."What do you think he meant by that? 5. Do you support the current life appointment system or do you think justices should be.forced to retire? Explain your answer.

Answers

Answer:

No, I do not think justices should be forced to retire.

Explanation:

In order to ensure that the rule of law is maintained and every arm of government and it's institutions has no influences on justices, justices should not be forced to retire, as long as they are of good behavior and conduct.

Final answer:

The question pertains to the argument of whether the tenure of Supreme Court justices in a democracy should be capped or not. The professor's comment implies that long tenure might hinder dynamic legal interpretations in line with evolving societal values. Whether one supports the traditional life appointment system for justices or not depends on personal perspective.

Explanation:

The law professor's statement likely implies that with the evolving socially progressive landscape, having Supreme Court justices serve for 25 years or more could lead to stagnation in legal interpretation and decision making. Whether the current life appointment system for justices should be changed or not is a matter of personal opinion. Supporters of the current system often argue that it preserves judicial independence and protects the court from political pressures. On the other hand, those in favor of imposing retirement ages for justices often cite the need for fresh perspectives and dynamic legal interpretations that align with current societal values.

Learn more about Supreme Court Justices Tenure here:

brainly.com/question/36324523

#SPJ3

Proceeds from Notes Payable On May 15, Maynard Co. borrowed cash from Texas Bank by issuing a 60-day note with a face amount of $100,000. Assume a 360-day year.
Required:
a. Determine the proceeds of the note, assuming that the note carries an interest rate of 6%.
b. Determine the proceeds of the note, assuming that the note is discounted at 6%.

Answers

Answer:

A. $100,000

B.$99,000

Explanation:

A. Calculation for Determining the proceeds of the note, assuming that the note carries an interest rate of 6%

Based on the information given the note is not discounted which means the face value is equal to the proceeds of $100,000

Hence,

Face value = Proceeds of $100,000

Therefore the proceeds of the note, assuming that the note carries an interest rate of 6% will be $100,000

b. Calculation for Determining the proceeds of the note, assuming the note is discounted at 6%

First step is to find the discount

Using this formula

Discount = Face value amount x Discount rate x (term of note / 360)

Let plug in the formula

Discount= $100,000 x .06 x 60/360

Discount =$360,000/360

Discount= $1,000

Second step is to calculate for the Proceeds

Calculation for the Proceeds

Using this formula

Proceeds = face amount – discount

Let plug in the formula

Proceeds=$100,000 – $1,000

Proceeds= $99,000

Therefore the proceeds of the note, assuming that the note is discounted at 6% will be $99,000
Other Questions
Marsh Company had 150 units of product A on hand at January 1, year 2, costing $21 each. Purchases of product A during the month of January were as follows: Units Unit cost Jan. 10 200 $22 18 250 23 28 100 24 A physical count on January 31, year 2, shows 250 units of product A on hand. The cost of the inventory at January 31, year 2, under the LIFO method isa. $5,850b. $5,550c. $5,350d. $5,250
Sebastian received a raise this year so his income climbed from $45,000 to $52,000. Last year Sebastian purchased 2 sunglasses. This year he has purchased 7 sunglasses. Assuming that all of the other things remain constant, what type of a good are sunglasses and what type of income elasticity of demand does Sebastian have
By the end of December, Jackson Company has completed work of $2,000. Jackson company has neither billed the clients nor recorded any of the revenue. If the appropriate adjusting entry is not made at the end of the year, what will be the effect on: (a) Income statement accounts (overstated, understated, or no effect)? (b) Net income (overstated, understated, or no effect)? (c) Balance sheet accounts (overstated, understated, or no effect)?
Super Grocery store allocates its service department expenses to its various operating (sales) departments. The following data is available for its service departments: Expense Basis for allocation Amount Administrative Square feet of floor space $ 34,000 Advertising Amount of dollar sales $ 27,000 The following information is available for its three operating (sales) departments: Department Square Feet Dollar Sales Produce 1,470 $ 99,000 Bakery 980 $ 49,000 Meats 2,450 $ 61,000 Totals 4,900 $ 209,000 What is the total administrative expense allocated to the Meats department?