vary in proportion to sales. However‚ firms can increase sales without increasing their fixed assets but by running their companies at higher capacity and considering to pay their employees overtime. In this case‚ assets would rise less than proportionally to sales‚ but the wages would raise more since the overtime wage rates are higher than the normal rates. Working capital could rise less than proportionally to sales since firms can exploit economies of scale in working capital management as sales
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factory floor” (Gavin & Collins‚ 2009). As for the proof that the problem exists with overtime‚ vacations and policies‚ Winslow states‚ “Teams want control over the amount of overtime they work‚ and when they work it” (Gavin & Collins‚
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1. Which one of the following does not affect the reject rates at a company’s plants? -The installation of plant upgrade C -Spending for best practices training -Spending for TQM/Six Sigma quality control efforts -The number of models/styles comprising the company’s product line -The size of the incentive payment per non-defective pair produced The installation of plant upgrade C 2. the interest rate a company pays on loans outstanding depends on its credit ratings 3. The company’s shipments
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will analyse this issue and show that Pieles de la Garriga will face a bottleneck in September‚ given that it can not start manufacturing until the new machine is received. We will then point out that the company can not do otherwise than working overtime in September‚ because of the reason explained before. - Secondly‚ the expected profitability of the
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International Legal and Ethical Issues in Business Unit 5 Individual Project ABSTRACT In this paper I will discuss environmental regulations and labor laws in place in Thailand and Singapore. This paper will show that while Singapore seems to have stricter environmental regulations in place in it’s country‚ the labor laws in Thailand seems to protect its citizens better with better work hour regulations and wage requirements. Singapore’s labor laws can stand to be revisited so as to keep the
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Cost Accounting‚ 14e (Horngren/Datar/Rajan) Chapter 2 An Introduction to Cost Terms and Purposes Objective 2.1 1) Cost objects include: A) products B) customers C) departments D) All of these answers are correct. Answer: D Diff: 2 Terms: cost object Objective: 1 AACSB: Reflective thinking 2) Actual costs are: A) the costs incurred B) budgeted costs C) estimated costs D) forecasted costs Answer: A Diff: 1 Terms: actual costing Objective: 1 AACSB: Reflective thinking 3) The general term used to identify
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one period to the next costs $20 per unit. [Thus‚ if 90 were made in one period and 120 in the next‚ then the cost of changing would be $20 × (120 − 90) = 20 × 30 = 600.] • Normal production: up to 60 units per quarter‚ at a cost per unit of $100 • Overtime production: this is seasonal both in quantity that can be produced and in cost per unit: Quarter Spring Summer Autumn Winter Production capacity (units) 40 60 90 80 Production cost/unit ($) 120 130 140 130 There is an inventory capacity of at most
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Running head: INTERNAL CONTROL Tarsha Jackson Internal Control Walden University ACCT # 6650 Forensic Advance Audit Topics February 10‚ 2013 Internal Control The detection of fraud is depending on what type of fraud and the internal controls that are in place. Rancher‚ Riley and Wells (2011) reported “Statement on Auditing Standards (SAS) No.99 “Consideration of Fraud in
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description of work and start date if a previous job counts towards a period of continuous employment‚ the date the period started how much and how often an employee will get paid hours of work (and if employees will have to work Sundays‚ nights or overtime holiday entitlement (and if that includes public holidays) where an employee will be working and whether they might have to relocate if an employee works in different places‚ where these will be and what the employer’s address is As well as the
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I. INTRODUCTION Payroll is the process by which an employer pays an employee for work performed. If you own business‚ but don’t have any employees‚ then you don’t have to worry about payroll. But as soon as you hire your first worker‚ you have a responsibility to pay that employee on time and the correct amount. An employer uses a payroll system to process its payroll. Consequently‚ payroll cannot be process without a payroll system. A payroll system allows the employer to pay employees on
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