Answer:
Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.
If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.
The opportunity cost of seeing Eric Clapton is the enjoyment that he gets from the Bob Dylan concert and $20 that is the difference between actual ticket price and willing to pay for it.
Answer;
Work addiction.
Distrust among team members.
High attrition rates.
Explanation:
Work addiction is good but working every time is overburdening yourself, that's what William is doing. If he continues the same routine there are indications that he will not put the right amount of energy in the right path.
Team would be disappointed with him, they won't support much at the later stage and may think of not to join William's team, as he is not considering his team while making his decisions.
There will be surely some harmful effects on his physical and as well as mental health, as he would be rejected by his peers.
Calculate the amount of the bonus.
Answer:
The amount of bonus=$12,992.42
Explanation:
Step 1: Express the formula as one of more algebraic equations
Let B=Bonus
Let T=Taxes
B=8%x($245,000–B–T)...equation 1
T=30%x($245,000–B)...equation 2
Since we have the value of T in equation 2, we can substitute it in equation 1 above;
B=8%x{(245,000–B–30%x(245,000–B)}
B=0.08 x {245,000-B-73,500+0.3 B}
B=0.08 x {245,000-73,500-B+0.3 B}
B=0.08 x {171,500-0.7 B}
B=13,720-0.056 B
B+0.056 B=13,720
1.056 B=13,720
B=(13,720/1.056)=$12,992.42
The amount of bonus=$12,992.42
Step 2: Prepare the adjusting entry to record the bonus compensation
Bonus compensation expense 12,992.42
Bonus compensation payable 12,992.42
Monitoring and evaluation of quality processes positively impact businesses by ensuring consistent product quality, improving customer satisfaction, identifying areas for improvement, increasing efficiency.
There are a number of methods to monitor and evaluate quality processes in order to have a positive business impact:
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Learn more about stakeholders here:
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