Answer:
b) The loss in total revenue of increasing the total number of cars sold from 11 to 12 cars is £800.
Explanation:
Marginal revenue is the benefit associated with the sale of one more unit, while marginal costs are the expenses incurred in producing an extra unit. To determine the marginal revenue, one has to isolate the revenue from the last item sold with revenue from the previous units.
In this case, the marginal revenue will be the price of the 12th item minus the price of the 11th item.
Marginal revenue =$17,400 -$18,200
=-$800
Marginal revenue = - $800
The statement that is correct is B. The loss in total revenue of increasing the total number of cars sold from 11 to 12 cars is £800.
Marginal revenue implies the additional revenue that's made as a result of an extra unit sold. Marginal cost is the extra cost incurred as a result of an additional unit produced.
Based on the information given, the marginal revenue will be:
= $17400 - $18200
= -$800.
Therefore, there'll be a loss of $800.
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The risk-free rate is 3.8 percent and the market expected return is 11.5 percent. What is the expected return of a stock that has a beta of 1.23?
Answer:Expected return=13.27%
Explanation:
Using the CAPM, capital asset pricing model formula
we have that
Expected return = Risk free rate + Beta ( Market risk premium)
Expected return = Risk free rate + Beta ( Market expected return - Risk free rate
Er = rf +β( rm - rf )
Expected return=3.8% + 1.23 ( 11.5% -3.8%)
Expected return=0.038 + 1.23 (0.115-0.038)
Expected return = 0.038 + 1.23 x 0.077
Expected return = 0.038 +0.09471
Expected return = 0.13271 x 100 = 13.27%
The Federal Reserve will tend to tighten monetary policy with the goal is to stabilize the economy when a. it thinks the unemployment rate is too high. b. it thinks inflation is too high today, or will become too high in the future. c. the growth rate of real GDP is quite sluggish. d. interest rates are rising too rapidly.
Answer: b. it thinks inflation is too high today, or will become too high in the future.
Explanation:
Tightening monetary policy means to reduce the amount of money in the country. This is done by the Fed if they think that inflation is too high or will be too high and so want to keep it in check.
Reducing the amount of money in the nation reduces inflation in theory because it reduces the amount of money that people have available to buy goods and services and as people react by buying less goods and services, prices will fall to match this reduced demand.
Government is known to have some amount of hold on monetary policy. Federal Reserve will tend to tighten monetary policy when it thinks inflation is too high today, or will become too high in the future.
Monetary policy is simply known to be the control of the quantity of money that is present in an economy and the links through which new money is supplied.
The central bank tightens policy through the increase of short-term interest rates through policy that alters the discount rate and federal funds rate.
Conclusively, if inflation is increases in a faster rate, or when the economy is growing faster than expected, the FED will then increases the interest rates.
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Journalize the following transactions for the Evans Company. Assume the company uses a perpetual inventory system.
a. Sold merchandise for $645 cash. The cost of goods sold was $375.
b. Sold merchandise for $432 and accepted VISA as the form of payment. The cost of goods sold was $195.
c. Sold merchandise on account for $670. The cost of goods sold was $438.
d. Paid credit card fees for the
Answer:
Part a
Cash $645 (debit)
Cost of Sales $375 (debt)
Sales Revenue $645 (credit)
Merchandise $375 (credit)
Part b
Cash $432 (debit)
Cost of Sales $195 (debt)
Sales Revenue $432 (credit)
Merchandise $195 (credit)
Part c
Trade Receivables $670 (debit)
Cost of Sales $438 (debt)
Sales Revenue $670 (credit)
Merchandise $438 (credit)
Explanation:
The Perpetual Inventory system keeps record of the value of stock and records the cost of goods sold after every transaction. This is contrary to the the periodic inventory system which measures stock and cost of sales after a period.
For the Journal entries, note that we are recording from the perspective of Evans Company.
Suppose that the inflation rate is 2% and the real interest rate is 4%. What is the nominal interest rate?
Answer:
nominal interest rate= 0.07= 7%
Explanation:
Giving the following information:
Inflation rate= 3%
Real interest rate= 4%
To calculate the nominal interest rate, we need to use the following formula:
Real interest rate= nominal interest rate - inflation rate
0.04 = nominal interest rate - 0.03
0.07= nominal interest rate
Individuals can choose to purchase Microsoft stand-alone software packages, such as the Home and Student versions of Word, Excel, and PowerPoint, for $119.99 each. However, they may choose to purchase the Office Home and Student suite, which has all of these applications in the same package, for a price of $149.99. Microsoft is using a __________ pricing strategy.
A) penetration
B) prestige
C) bundle
D) odd-even
E) standard mark-up
Answer: C) bundle
Explanation:
Bundle pricing is a practice by companies where they sell individual products bundled together at a lower price than a customer would have had to pay if they had bought the products individually which is what Microsoft is doing in this scenario.
This strategy is used by companies to increase profits because it inspires customers to spend more than they would have as they would think that they are making savings.
Jonathon works for a U.S. company that doesn't produce goods domestically, but instead buys them from other countries and resells them in the United States. Jonathon's company illustrates the concept of
A. countertrade.
B. subcontracting
C. exporting
D. importing.
E. outsourcing
Answer:
A:countertrade.
brainlist answer
This illustrates the concept of importing. Therefore, Option (D) is the correct choice for this question.
What is importing?An import is an item or service that is purchased outside of its nation of origin. International trade is made up of imports and exports. A country has a negative trade balance, or a trade deficit if the value of its imports exceeds the value of its exports.
It entails bringing goods or services manufactured abroad for sale into a nation. Companies based in the United States who purchase goods abroad and bring them here for sale or for use in an American-made product are said to be importing.
Many small firms import goods that are not economically feasible to manufacture in the United States, such as shoes, apparel, crafts, and larger products like furniture, which are then sold at a high profit to local customers.
Hence, Option (D) is the correct one.
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A consumer has a choice of spending $20,000 on a Honda or $14,000 on a Kia. She was observed buying a Kia during the weekend. Does this mean the consumer prefers the Kia to the Honda?
Answer: Not necessarily
Explanation:
Consumer purchase decisions are dependent on multiple factors such as price, income and preference. It could be that the customer purchased the Kia because the price was less than that of the Honda and so she wanted to save and costs and bought the less expensive choice.
It could also mean that the Kia was all she could afford based on her income so she bought that. It could however also mean that the Kia is her preference as compared to the Honda so she chose that instead.
It is therefore not a foregone conclusion that she bought the Kia simply because she preferred it. More information would be needed to reach that conclusion definitively.
A company paid $326,000 for property that included land, land improvements, and a building. The land was appraised at $175,000, the land improvements were appraised at $70,000, and the building was appraised at $105,000. What is the allocation of property costs to the three assets purchased and what is the journal entry to record this transaction?a) Land, $150,000. Land Improvements, S60,000; Building, $90,000 b) Land, $163,000; Land Improvements, $65,200; Building, $97,800 c) Land, $150,000; Land Improvements, $61,600; Building, $92,400 d) Land, $159,000; Land Improvements, $65,200; Building, $95,400 e) Land, $175,000; Land Improvements, $70,000; Building, $105,000
Answer: b) Land, $163,000; Land Improvements, $65,200; Building, $97,800
Explanation:
First add up their appraised values;
= 175,000 + 70,000 + 105,000
= $350,000
Allocate costs based on proportion of total appraised value;
Land
= 175,000/350,000 * 326,000
= $163,000
Land Improvements
= 70,000/350,000 * 326,000
= $65,200
Building
= 105,000/350,000 * 326,000
= $97,800
Journal Entry
Details Debit Credit
Land $163,000
Land Improvements $65,200
Building $97,800
Cash $326,000
What is the present value of $5,000 received 5 years from now if the discount rate is 5% (rounded to the nearest dollar?a. $6,380.b. $3,918.c. $3,200.d. $3,560.
Answer:
The correct option is b. $3,918.
Explanation:
This can be calculated using the simple present value (PV) formula as follows:
PV = FV / (1 + r)^n ............................ (1)
Where;
PV = Present value of the amount = ?
FV = Future value of the amount = $5,000
r = Discount rate = 5%, or 0.05
n = number of years = 5
Substituting the values into equation (1), we have:
PV = $5,000 / (1 + 0.05)^5
PV = $5,000 / 1.05^5
PV = $5,000 / 1.2762815625
PV = 3,918
Therefore, the correct option is b. $3,918.
Jennifer receives an increase in her nominal income. She complains that the current inflation rate of five percent erodes the real purchasing power of her additional nominal income. This is false:__________.a. if her wealth decreasesb. since inflation always reduces purchasing powerc. if the increase in her nominal income is more than five percentd. if the increase in her nominal income is less than five percent
Answer:
Option C: if the increase in her nominal income is more than five percent.
It is true only if only if the increase in her nominal income is less than five percent.
Explanation:
An inflation is simply an increase (slight or Sharp) in the average price level of prices of goods and services of which the opposite is deflation.
INFLATION RATE is simply an annual percentage rate of increase in the average price level of commodities/services.
NOMINAL INCOME
Is defined simply as the amount of money received in a given period of time. It is usually measured in current dollars and does not change or simply as the numbers of dollars received as wages, rents, interests, or profits.
nominal incomes tend to rise with inflation
If inflation is higher than what was expected, creditors receive a lower real interest rate than they had anticipated and vice versa.
As the price level rises, the value of money decreases, so people must hold more money to purchase goods and services.
Firms that make investment decisions based on the payback rule may be biased toward rejecting projects:__________
a. with short lives.
b. with long lives.
c. with late cash inflows.
d. that have negative NPVs.
Answer:
c. with late cash inflows.
Explanation:
The Payback method focus on the time it takes for the Cash Inflows of the Project to equal the Initial investment made into the project. This means that projects which takes a short period (early cash flows) are preferred over those that take a long period (late cash flows) for the cash flows to equal the initial cost.
Parker Corp., which operates on a calendar year, expects to sell 3,000 units in October, and expects sales to increase 10% each month thereafter. Sales price is expected to stay constant at $10 per unit. What are budgeted revenues for the fourth quarter?
Answer:
total revenue = is 99300
Explanation:
given data
expects to sell in October = 3,000 units
expects sales to increase = 10%
Sales price stay constant = $10 per unit
solution
we get revenue hereby the sum of revenue of oct + nov + dec
revenue = price × quantity .........................1
total revenue = is 99300
The United States and France both produce sweaters and caps. Suppose that a US worker can produce 50 caps per hour or 1 sweater per hour and a French worker can produce 40 caps per hour and 2 sweaters per hour. Based on this scenario, which statement is true? A. The United States has a comparative advantage producing caps. B. France has a comparative advantage producing caps. C. The United States has a comparative advantage producing sweaters. D. Neither country has a comparative advantage producing either good.
Answer:
The United States has a comparative advantage producing caps
Explanation:
got a 100 yw dawg
Ross Island Co. issues 22,000 shares of no-par value preferred stock for cash at $66.00 per share. The journal entry to record the transaction will consist of a debit to Cash for $1,452,000 and a credit (or credits) to: _______
Answer:
it credited to preferred stock
Explanation:
The journal entry for issuance of the preferred stock is as follows:
Cash Dr $1,452,000
To Preferred stock (22,000 shares × $66) $1,452,000
(Being the issuance of the preferred stock is recorded)
Here the cash is debited as it increased the assets and credited the preferred stock as it increased the stockholder equity
Therefore it credited to preferred stock
l a fixed asset for $72,376 when its book value is $43,070. If your company's marginal tax rate is 25 percent, what will be the after-tax cash flow of this sale?
Answer:
Cash flow= $64,847
Explanation:
Giving the following information:
Sellin price= $72,376
Tax rate= 25%
Book value= $43,070
First, we need to calculate the gain from the sale and the tax:
Gain= 72,376 - 43,070= $29,036
Tax= gain*tax rate
Tax= 29,036*0.25= $7,259
Now, we can calculate the after-tax cash flow:
Gain= 29,036
Tax= (7,259)
Book value= 43,070
Cash flow= $64,847
How long will it take you to triple your money if you have your money invested on a trust that promises a guaranteed 7% annual rate of interest, with monthly compounding?
Answer:
the number of years for triple the money is 15.74 years
Explanation:
The computation of the number of years for triple the money is shown below:
Here we used the NPER which is
Given that
RATE = 7% ÷ 12 = 0.58333%
Assuming
Present value be $1,000
And, future value be $1,000 × 3 = $3,000
PMT = $0
The formula is shown below:
= NPER(RATE;PMT;-PV;FV;TYPE)
The present value comes in positive
After applying the above formula
The number of years is
= 188.8833850497 ÷ 12
= 15.74 years
hence, the number of years for triple the money is 15.74 years
On January 1, 2017, Banek Inc. issued $350,000 of 8%, 9-year bonds for $309,086, which implies a market (yield) rate of 10%. Semiannual interest is payable on June 30 and December 31 of each year. a.Show computations to confirm the bond issue price. b.Indicate the financial statement effects using the template for (1) bond issuance, (2) semiannual inter- est payment and discount amortization on June 30, 2017, and (3) semiannual interest payment and discount amortization on December 31, 2017.
The Bond issuance, semiannual interest payment, and semiannual interest payment and amortization are:
Amortization refers to an accounting methodology that is employed to lower the book value of a loan or an intangible asset over a set period of time, in a periodic fashion.
It is important because it helps the decision makes to comprehend and predict or forecast or anticipate their future costs over a space of time.
The calculations are as follows:
1) . PV of principal = 350,000 x (0.04 x 18)
PV of principal = 350,000 x 0.41552
PV of principal = $145,432
PV of interest = 350,000 x 0.08/2 x (0.05, 18)
PV of interest = 350,000 x 0.04 x 11.68959
PV of interest = $163,654
Issue price = 145,432 + 163,654
Issue price = $309,086
2) Recall that Interest payable = Principal amt. x rate x time period
Interest payable = 350,000 x 0.08 x 6/12 (semiannual)
Interest payable = $14,000
Interest expense = bond carrying amt. x rate x time
Interest expense = 309,086 x 0.08 x 6/12
Interest expense = $15,454
3. Amortization = Interest expense-Interest payable
Amortization = 15,454-14,000
Amortization = $1,454;
Interest expense = (309,086+1,454) x 0.10 x 6/12
Interest expense = $15,527.
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gold mine is projected to produce $20,000 during its first year of operation, $19,000 the second year, $18,000 the third year, and so on. If the mine is expected to produce for a total of 10 years, and the effective annual interest rate is 6%, what is its present worth?
Answer:
malamang ang sagot ay 14% have
Explanation:
A customer in the 28% tax bracket has $6,000 of capital gains and $9,000 of capital losses. How much unused loss is carried forward to the next tax year?
Answer:
Nill
Explanation:
Given that;
Capital gain tax = $6,000
Capital losses = $9,000
Net loss = Capital loss - Capital gain
Net loss = $9,000 - $6,000
Net loss = $3,000
Recall that maximum net loss deductible from taxes in a year is $3,000
Therefore,
Unsecured loss carried into next year
= Net loss - Deductible
= $3,000 - $3,000
= Nil
Mobile Minutes Company offers Nate an unlimited number of monthly phone minutes for $4.50 per month. Nate accepts. If a dispute arises, a court would likely:____________.
a) enforce the deal after questioning the adequacy of the consideration.
b) not question the adequacy of the consideration.
c) rewrite the deal after questioning the adequacy of the consideration.
d) set aside the deal after questioning the adequacy of the consideration.
Answer:
b) not question the adequacy of the consideration.
Explanation:
In the context, Nate was given an offer of unlimited number for a monthly phone minutes for 4.50 dollar in one month by the Mobile Minutes Company. Nate was happy by the offer and she accepted the offer. Now if any difference or any disputes arises , the court would not question the company about the adequacy of the consideration as Nate had agreed to the terms and conditions before accepting the offer.
Joseph Turner and Sons has 125,000 shares of stock outstanding. The firm has extra cash so it announced this morning that it is willing to repurchase 25,000 of its shares. What type of offer is the firm making?
Answer:
D. Tender offer
Explanation:
A. Rights offer
B. Secondary issue
C. Targeted repurchase
D. Tender offer
E. Private issue
We are informed about Joseph Turner and Sons who has 125,000 shares of stock outstanding. The firm has extra cash so it announced this morning that it is willing to repurchase 25,000 of its shares. In this case the type of offer is the firm making is tender offer. Tender offer can be regarded as a kind of public takeover bid to all shareholders, so that they can sell out their shares at a specific price during a particular time.
It is usually made public, and this time the investors do give out higher price per share compare to the stock price of the company, which give room to shareholders in selling their own share.
Excey Corp. has 7 percent coupon bonds making annual payments with a YTM of 6.2 percent. The current yield on these bonds is 6.55 percent.
How many years do these bonds have left until they mature? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer:
12.64 years
Explanation:
Coupon rate is 7%
Current yield is 6.55%
Then the current price = 7 / 0.0655 = $106.87 per $100 par value.
Now calculating the no of years these bonds have left until they mature:
106.87 = 7*PVIFA(6.2%,n) + $100*PVIF(6.2%,n)
N = 12.64 years
: IAS 2 Inventories allows producers of gold and silver to measure inventories of those commodities at selling price, even before they have sold it, which means a profit is recognised at production. In nearly all other industries, however, profit is recognised only when the inventories are sold to outside customers. What concept(s) in the Conceptual Framework might the IASB have looked to with regard to accounting for gold and silver production
Answer:
Not only does IAS 2 norm allow this, also US GAAP allows this. I believe that the reasoning behind that is the following:
Holding precious metals in inventory is actually considered an investment. Precious metals are commodities, and since they can be easily traded around the world, just having them increases a company's wealth. The revenue recognition principle (top of the inverted pyramid) applies here even to any individual that finds gold nuggets by accident in the country side (no need to be a mining business). The fact that you possess gold increases your personal assets and net wealth. The same applies to other precious metals. This happens because gold or other precious metals can be easily converted into cash (extremely liquid), e.g. this same individual can go to a local jewelry or or a pawn shop and sell the gold nuggets he found.
If finding a gold nugget increases an individual's net worth, then imagine what holding a ton of gold does to a company. What makes gold and silver so special is that they are accepted everywhere. Remember that until the early 1970s, the worlds' currencies were based on the price of gold (gold standard). Most central banks in the wold hold gold reserves and they also follow this same logic. Price of gold increases, the wealth of the nation increases.
Given the data below for production equipment,Initial Cost, P = $50,000 Salvage Value at the end of 5 years, S = $10,000. Depreciable Life. N = 5 Years Year Projected Production units Actual Production units 1 4,500 5,0002 5,000 4,000 3 3,500 3,0004 5,500 5,000 5 6,500 Not knownTotal 25,0001. Determine the depreciation in year 4 using the UOP method. A. $5, 600.B. $8,000.C. $4,000.D. $3, 200. 2. If the equipment is sold at the end of year 4 for $30,000, what is the depreciation recapture on this equipment?A. $8, 400.B. $5, 600.C. $7, 200.D. $4,000.
Answer:
1. B. $8,000
2. C. $7,200
Explanation:
Units or production (UOP) method of depreciation bases the depreciation expense of a machine or equipment on how much it is actually used during the period.
depreciable value = $50,000 - $10,000 = $40,000
depreciation rate per unit = $40,000 / 25,000 = $1.60
Year Projected Production units Actual Production units
1 4,500 5,000
2 5,000 4,000
3 3,500 3,000
4 5,500 5,000
5 6,500 Not known
Total 25,000
depreciation expense year 4 = $1.60 x 5,000 = $8,000
accumulated depreciation year 4 = $1.60 x 17,000 = $27,200
book value = $50,000 - $27,200 = $22,800
if sold at $30,000, gain resulting from sale = $30,000 - $22,800 = $7,200
In universal banking model, banks: Select one: a. Have growth of loans portfolio as their main strategy b. Focus on maximizing their net interest margins c. Offer wide range of financial services to their clients d. All choices are correct e. None of the choices is correct
During the coming accounting year, Baker Manufacturing, Inc., anticipates the following costs, expenses, and operating data:_______.
Direct material (16,000 lb.) $ 160,000
Direct labor (at $17.50/hr.) 245,000
Indirect material 24,000
Indirect labor 44,000
Sales commissions 68,000
Factory administration 32,000
Non factory administrative expenses 40,000
Other manufacturing overhead* 96,000
*Provides for operating 61,250 machine hours.
a. Compute the predetermined factory overhead rate under three different bases: (1) direct labor hours, (2) direct labor costs, and (3) machine hours. (Round amounts to 2 decimal places.)
b. Assume that actual factory overhead was $308,000 and that Easton Incorporated elected to apply factory overhead to Work in Process based on direct labor hours.
Answer:
Baker Manufacturing, Inc.
a) Predetermined factory overhead rate under the three different bases:
(1) direct labor hours = $196,000/14,000 = $14 per DLH
(2) direct labor costs = $196,000/$245,000 = $0.80 per DLC
(3) machine hours = $196,000/61,250 = $3.20 per MH
b) Based on the actual factory overhead of $308,000, there will be under-absorption of the factory overhead by $112,000.
Explanation:
a) Data and Calculations:
Direct material (16,000 lb.) $ 160,000
Direct labor (at $17.50/hr.) 245,000
Indirect material 24,000
Indirect labor 44,000
Sales commissions 68,000
Factory administration 32,000
Non factory administrative expenses 40,000
Other manufacturing overhead* 96,000
*Provides for operating 61,250 machine hours.
Factory overhead costs:
Indirect material 24,000
Indirect labor 44,000
Factory administration 32,000
Other manufacturing overhead 96,000
Total factory overhead costs $196,000
Estimated direct labor-hours = $245,000/$17.50 = 14,000 hours
a) Predetermined factory overhead rate under the three different bases:
(1) direct labor hours = $196,000/14,000 = $14 per DLH
(2) direct labor costs = $196,000/$245,000 = $0.80 per DLC
(3) machine hours = $196,000/61,250 = $3.20 per MH
b) Actual factory overhead assumed to be $308,000:
Under-absorbed factory overhead = $112,000 ($308,000 - 196,000)
a. The predetermined factory overhead rate under three different bases: Application base are: Direct labor hours $14, Direct labor costs 80%, Machine hours $3.20.
Predetermined overhead rate:First step
Total manufacturing overhead:
Total manufacturing overhead=Indirect materials + Indirect labor + Factory admin + Other manufacturing overheads
Total manufacturing overhead= 24,000+44,000+32,000+96,000
Total manufacturing overhead= 196,000
Second step
Method 1
Direct labor hours = 245,000/17.5
Direct labor hours = 14,000
Direct labor costs=196,000/14,000 = $14
Direct labor costs= $14
Method 2
Direct labor cost =Total manufacturing overhead/Direct labor
Direct labor cost = 196,000/245,000
Direct labor cost = 80%
Method 3:
Machine hours = Total manufacturing overhead/Provided operating machine hours
Machine hours = 196,000/61,250
Machine hours = $3.20
b. Actual factory overhead:
Under-absorbed factory overhead = $308,000 - $196,000
Under-absorbed factory overhead =$112,000
Inconclusion the predetermined factory overhead rate under three different bases: Application base are: Direct labor hours $14, Direct labor costs 80%, Machine hours $3.20.
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If the world price of cotton is less than the price that would occur domestically without trade, then a country will:_________.
a) export cotton.
b) import cotton.
c) decrease its demand for cotton, and increase its demand for cotton substitutes.
d) increase its demand for cotton, and decrease its demand for cotton substitutes.
Answer: b) import cotton.
Explanation:
If the international price is cotton is less than the price that a country produces it at, it is best that the country imports the cotton than produce it because they do not have a competitive advantage in producing the cotton.
Should they then import, the resources that were being used to produce the cotton can be used on other things that they do have competitive advantage in.
Ivanhoe Company issued $1520000 of 6%, 5-year bonds at 95, which pay interest annually. Assuming straight-line amortization, what is the total interest cost of the bonds?a. $636,000.
b. $632,400.
c. $628,800.
d. $639,600.
Answer:
the journal entry to record bond issuance:
Dr Cash 1,444,000
Dr Discount on bonds payable 76,000
Cr Bonds payable 1,520,000
amortization of discount on bonds payable = $76,000 / 5 = $15,000
coupon payment = $91,200
total interest expense per year = $106,200
total interest expense for the 5 year period = $106,200 x 5 years = $531,000
You are planning a trip to the United Kingdom and expect that you will spend 2,200 pounds. How much will your spending be in U.S. dollars if the exchange rate is .7269 pounds per dollar?A. $2,579.82.B. $3,892.16.C. $5,597.29.D. $5,890.01.E. $6,044.04.
Answer: $3,026.55
Explanation:
If US$1 is to £0.7269 then that means that the pound is stronger than the dollar because a dollar buys less than a pound in which case £2,200 will be more than $2,200.
It will be;
= 2,200/0.7269
= $3,026.55
Options seem to be for a variant of this question.
what is the purpose of work teams ?
Answer:
The purpose of creating teams is to provide a framework that will increase the ability of employees to participate in planning, problem-solving, and decision-making to better serve customers. Increased participation promotes: A better understanding of decisions.