Daniel Merrill & Co. is a stock brokerage firm that evaluates its employees on sales activity generated.
Question:
Discuss how these two performance measures are consistent and how they may conflict. Do you believe that these measures are appropriate for the long-term goal of profitability?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 92% (14 reviews)
Increasing sales activity can be related to increased number of new accounts thus many sto...View the full answer
Answered By
Akshay Agarwal
I am a Post-Graduate with a specialization in Finance. I have been working in the Consulting industry for the past 8 years with a focus on the Corporate and Investment Banking domain. Additionally, I have been involved in supporting student across the globe in their academic assignments and always strive to provide high quality support in a timely manner. My notable achievements in the academic field includes serving more than 10,000 clients across geographies on various courses including Accountancy, Finance, Management among other subjects. I always strive to serve my clients in the best possible way ensuring high quality and well explained solutions, which ensures high grades for the students along-with ensuring complete understanding of the subject matter for them. Further, I also believe in making myself available to the students for any follow-ups and ensures complete support and cooperation throughout the project cycle. My passion in the academic field coupled with my educational qualification and industry experience has proved to be instrumental in my success and has helped me stand out of the rest. Looking forward to have a fruitful experience and a cordial working relationship.
5.00+
179+ Reviews
294+ Question Solved
Related Book For
Introduction to Management Accounting
ISBN: 978-0133058789
16th edition
Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta
Question Posted:
Students also viewed these Managerial Accounting questions
-
In its traditional role, why is a stock brokerage firm not considered a financial intermediary? Differentiate between the role of a brokerage firm and that of an intermediary.
-
Daniel evaluates risky alternatives based on prospect theory. For positive values of X (up to $10,000), his valuation function is V(X) = 20,000X - X2. For negative values of X (closer to zero than -...
-
A brokerage firm was concerned with its declining number of customers and decided to conduct descriptive research using an online survey. The major objective was to find out the reasons for using a...
-
Q3: Prove: For any sets A and B, Ax B = B A ?
-
Suppose the daily demand function for pizza in Berkeley is Qd = 3,500 - 100P. The variable cost of making Q pizzas per day is VC (Q) = 3Q + 0.01Q2 and there is a $100 fixed cost (which is avoidable...
-
Use the BornHaber cycle and data from Appendix IIB, Chapter 9, and this chapter to calculate the lattice energy of KCl. (H sub for potassium is 89.0 kJ/mol.) Substance Aluminum Al(s) Al(g) Al+(aq)...
-
E 21-7 Enterprise fund journal entries and reporting Prepare journal entries to record the following grant-related transactions of an enterprise fund activity. Explain how these transactions should...
-
What are the expected duration, variance, and standard deviation for an activity whose three time estimates are to = 2, tm = 14, and tp = 14?
-
! Required information (The following information applies to the questions displayed below.) On February 1, 2021, the Xilon Corporation issued 41,000 shares of its no-par common stock in exchange for...
-
Graff, Inc., has sales of $49,800, costs of $23,700, depreciation expense of $2,300, and interest expense of $1,800. If the tax rate is 22 percent, what is the operating cash flow, or OCF?
-
You are the manager of a department store in Tokyo. Sales are subject to month-to-month variations, depending on the individual salesclerks efforts and other factors. A new salary-plus-bonus plan has...
-
Short line Espresso is a gourmet dessert restaurant in Seattle. Margie McMahon, the sole proprietor, expanded to a second location in Bellingham 3 years ago. Recently, McMahon decided to enroll in a...
-
Following the instructions in question 14, go to Montreal Exchange and get 2 current call option prices, current stock price and stock 30day historical volatility for EnCana Ltd. (ECA) and Barrick...
-
Find f(x) if y = f(x) satisfies dy dx 60yx and the y-intercept of the curve y = f(x) is 6. f(x)
-
Data on the gasoline tax per gallon ( in cents ) as of a certain date for the 5 0 U . S . states and the District of Columbia are shown below. State Gasoline Tax per Gallon State Gasoline Tax per...
-
Write a function report card where the user can enter each of his grades, after which the program prints out a report card with GPA. Remember to ask the user how many classes he took (think - why...
-
VA= 18/ A c = ? 1. For the arrangement of cable and pulleys in the figure, the velocities and accelerations of two of the bodies involved are indicated. Determine the velocity and acceleration of the...
-
Suppose there are two electric charges in 2D planeR2; one is on y-axis and the other is on x-axis: 45km 0 p1:=0,p2:=30km.(1) Thechargesareq1=4.5Catp1andq2=3.0Catp2. (a) Determine the electric field...
-
The summarised balance sheet of Newland Traders at 30 May 19X7 was as follows: Required: (a) Sales and purchases budgets and budgeted trading and profit and loss accounts for the six months ended 30...
-
The following cost information was provided to you for analysis: September 12,000 Units Produced Costs: TIC TAC TOE TING August 10,000 P80,000 70.000 60.000 50,000 How much is the fixed cost per...
-
What are the different point structures and how can they be leveraged for gamified system (GS) design projects?
-
Storage Systems, Inc., sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of the companys products is a heavy-duty corrosion-resistant metal...
-
Midwest Mills has a plant that can mill wheat grain into a cracked wheat cereal and then further mill the cracked wheat into fl our. The company can sell all the cracked wheat cereal that it can...
-
Mobile Seating Corporation manufactures seats for automobiles, vans, trucks, and boats. The company has a number of plants, including the Greenville Cover Plant, which makes seat covers. Miriam...
-
This short exercise demonstrates the similarity and the difference between two ways to acquire plant assets. (Click the icon to view the cases.) Compare the balances in all the accounts after making...
-
Balance sheet and income statement data for two affiliated companies for the current year appear below: BALANCE SHEET As at December 31, Year 6 Albeniz Bach Cash $ 40,000 $ 21,000 Receivables 92,000...
-
please reference excel cells Caroll Manufacturing company manufactures a single product. During the past three weeks, Caroll's cost accountant observed that output costs varied considerably. The...
Study smarter with the SolutionInn App