Agricultural workers are often paid piece rates. For example, pear pickers are paid a fixed amount for
Question:
Agricultural workers are often paid piece rates. For example, pear pickers are paid a fixed amount for each box of pears they pick. Pear companies, however, pay tree thinners on an hourly basis. These thinners remove excess fruit from trees so that the remaining fruit can grow larger. (Each piece of fruit must be at least six inches apart on the tree.) Why do you think these companies pay thinners by the hour? Presumably, they would work harder if they were paid by the tree.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (15 reviews)
Good tree thinning involves both quantity and quality Quality mea...View the full answer
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Managerial Economics and Organizational Architecture
ISBN: 978-0073375823
5th edition
Authors: James Brickley, Jerold Zimmerman, Clifford W. Smith Jr
Question Posted:
Students also viewed these Business questions
-
The airline industry is one of the more volatile industries. During lean years in the early 1990s, the industry wiped out the earnings it had reported during its entire history. Pan American Airlines...
-
Why do you think the major airlines so badly overlooked the possibilities in short hauls at low prices? A strategic window is an opportunity in the marketplace, one not at present well served by...
-
A firms ability to innovate and develop new-product concepts is usually determined by the level of inventiveness and adeptness to adjust to market demands. As a result, successful firms generally...
-
Bobby is a baseball player who earns $1 million a year playing for team X. If he werent playing baseball for team X, he would be playing baseball for team Y and earning $800,000 per year. If he...
-
For the elements given in Problem 6.3, the nodal displacements are given as u1 = 0.0 in.............v1 = 0.0025 in.............u2 0.0012 in. v2 = 0.0 in.............u3 = 0.0 in...............v3 =...
-
All organisms need energy in order to grow, reproduce, and perform the activities necessary for survival. Where does this energy ultimately come from?
-
Calculate the range for each of the following sets of data: a. \(4,6,9\) b. \(14,17,11,19,12\) c. \(25,22,27,30,21,26,29\) d. \(10,8,4,16,9,7,9,13,6,11\) e. \(73,66,91,84,69,87,62,79,82,90\) f....
-
The Mary Queen, an ocean-going oil tanker, negligently collided with a large freighter. The Mary Queenis insured by an ocean marine hull insurance policy with a running down clause. For each of the...
-
The target closing inventory for pairs of shoes is 12% of next quarter's sales. The target closing inventory for direct materials is 20% of next quarter's materials requirement. The business...
-
One of the measures of the effectiveness of a stimulus is how much the viewers pulse rate increases on exposure to it. In testing a lively new music theme for its television commercials, an...
-
Kona, a 15-year-old boy, is 72 inches tall. According to the CDC, the average height for boys at this age is 67.00 inches, with a standard deviation of 3.19 inches. a. Calculate Konas z score. b....
-
Imagine a class of thirty-three 15-year-old girls with an average height of 62.6 inches. Remember, = 63.8 inches and = 2.66 inches. a. Calculate the z statistic. b. How does this sample of girls...
-
For each point on the PPF in Figure 2P-3, note whether the point is attainable and efficient, attainable and inefficient, or unattainable.
-
Assume that a state government currently provides no child-care subsidies to working single parents, but it now wants to adopt a plan that will encourage labor force participation among single...
-
A recent article stated, Workers in lowwage jobs lack the basic security, the health benefits, and the flexibility in their work lives that most American workers take for granted. Assuming this...
-
Suppose Congress were to mandate that all employers had to offer their employees a life insurance policy worth at least $50,000 in the event of death. Use economic theory, both positively and...
-
Will government-mandated requirements to hire qualified minorities (at nondiscriminatory wages) in the same proportions they are found in the relevant labor force reduce the profits of firms that...
-
The way the workers compensation system works now, employees permanently injured on the job receive a payment of $X each year, whether they work or not. Suppose the government were to implement a new...
-
What name is given to thermal energy in transit?
-
Describe the general ways that the revised Form 990, applicable for tax year 2008 and beyond, is different from previous versions.
-
Drawing on data in Exhibit 3-4, do you think that Romania would be an attractive market for a firm that produces home appliances? What about Finland? Discuss your reasons.
-
Discuss the value of gross domestic product and gross national income per capita as measures of market potential in international consumer markets. Refer to specific data in your answer.
-
Discuss how the worldwide trend toward urbanization is affecting opportunities for international marketing.
-
How does the implementation of a centralized database system impact the efficiency and data accuracy in a large retail organization?
-
Identify some processes related to a workplace, assess the benefits and concerns that may arise as a result of the relative sizes of P-time with respect to D-time. In a table include the benefits and...
-
industry competitors and customers analysis & develop a communications pla. Choose any company and analyze its industry, competitors and customers. Then either present theirs communications plan or...
Data Warehouse Design Modern Principles And Methodologies 1st Edition - ISBN: 0071610391 - Free Book
Study smarter with the SolutionInn App