Fairmont Hotels & Resorts lets its best performing employees design their rewards. This is done to ensure that the rewards a
Vroom”s expectancy theory of motivation is based upon the fact that employees will be motivated to achieve their targets and goals only when they know, doing so would lead to prospect of earning rewards and incentives.
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Vroom related employee performance with various factors such as their skills, demeanor, knowledge and personal experiences.
The rewards and incentives serve as a driving force to an employee”s performance and efficiency.
Expectancy refers to a belief that increased performance and hard work leads to better efficiency.
An employee chooses from available set of alternatives with a purpose to maximize his/her pleasure and comfort undergoing minimum pain.
In the given case, the company rewards their top performing individuals by letting them devise their rewards so as to serve as means to employee motivation as well as those rewards being valued by them. The company uses expectancy theory of motivation.
5 months ago
On Pine Branch Department Stores” most recent balance sheet, the balance of its inventory at the beginning of the year was $ 1
Giving the following information:
beginning inventory= $18,000
Ending inventory= $21,500
Cost of goods sold= $61,000.
To calculate the purchases during the year, we need to use the following formula:
COGS= beginning inventory + purchases – ending inventory
61,000= 18,000 + purchases – 21,500
5 months ago
On December 31, 2019, Irey Co. has $3,000,000 of short-term notes pabrianowens.tvble due on February 14, 2020. On February 8, 2020, Irey bo
Given short term notes pabrianowens.tvble = $3,000,000
Total amount used to liquidate short term notes = $2,200,000
Balance = $3,000,000 – $2,200,000 = $800,000
The additional $1,200,000 which is borrowed from Country Bank will not increase the short term notes pabrianowens.tvble because it”s a long term credit
The additional $1,000,000 cash used will now be added to the balance amount
Amount to be reported as current liabilities = $1,000,000 + $800,000
Therefore the amount of the short-term notes pabrianowens.tvble that should be reported as current liabilities on the December 31, 2019 balance sheet which is issued on March 5, 2020 is $1,800,000
1 year ago
You have the opportunity to invest in several annuities. Which of the following 10-year annuities has the greatest present value
An annuity that pays $1,000 at the beginning of each year has the greatest present value of $6,759
A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity.