Income Statement, Changes in Equity, and the Balance Sheet are important financial statements, which a business prepares to report its financial performance (results), the changes that occur in owners' equity, and the financial position respectively.
What statement of changes in stockholders?
a) Accounting equation to record effects of each event:
1. Assets (Cash) increased $29,500 = Liabilities + Equity (Retained Earnings) increased $29,500.
2. Assets (Cash) decreased $13,500 = Liabilities + Equity (Retained Earnings) decreased $13,500.
3. Assets (Cash) decreased $1,800 = Liabilities + Equity (Retained Earnings) decreased $1,800.
b) Income Statement, Statement of Changes in Stockholders' Equity, and a Balance Sheet dated December 31, 2016:
1) Income Statement for the year ended December 31, 2016:
Sales $29,500
Expenses ($13,500)
Net Income $16,000
Dividend ($1,800)
Retained Earnings $14,200
2) Statement of Changes in Stockholders' Equity:
Retained Earnings b/f $0
Net Income $16,000
Dividend ($1,800)
Retained Earnings $14,200
3. Balance Sheet as at December 31, 2016:
Assets:
Cash ($29,500 - 13,500 - 1,800) $14,200
Liabilities + Equity:
Equity: Retained Earnings $14,200
c) Reason for different terminology to date income statement and balance sheet:
Income statement is prepared for an accounting period. It covers a specified period, while a balance sheet is prepared as at an accounting date. This means that one can prepare a balance sheet daily, or even after each transaction. But, an income statement covers a period of time, say a month, a quarter, or six months, or a year, as the case may be.
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Gary decides to open a marijuana store in Idaho. Although several states have passed laws that legalize marijuana, Idaho is not one of them, After hearing that there is a petition going around the Idaho legislature to try to get a law passed, Gary contracts with Jimmy to purchase marijuana plants. Jimmy takes Gary's money but does not deliver the plants. Gary will likely win a breach of contract claim against Jimmy.
A. True
B. False
The given statement is false
Why Gary's money does not deliver the plants?
We can say this because petition is still going around the the whole legislature to get the lopasteit is yet not passtso. Garie can't philo case because it will be still legal still illegal in the state of to.The marijuana products of today are high in potency and can reach 99% pure delta-9 tetrahydrocannabinol (THC). 1 The THC in marijuana causes the “high” and leads to addiction, mental illness, violence, crime, traffic deaths, and many health and social problems. Research linking marijuana use to psychosis and schizophrenia and acts of violence is uniformly ignored by the proponents of marijuana use. The American Psychiatric Association and other authorities, report that current evidence supports, at a minimum, a strong association of marijuana use with the onset of psychiatric disorders.2 A recent book by a former New York Times reporter details the research showing that the chronic use of marijuana leads to mental illness and violence.To learn more about marijuana refers to:
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FILL IN THE BLANK The Office of Federal Contract Compliance Programs is responsible for enforcing orders that cover companies doing business with _____.
Orders pertaining to businesses doing business with the Federal Government must be enforced, and this is the responsibility of the Office of Federal Contract Compliance Programs.
A federal government is what?According to the U.S. Constitution, the legislative, executive, and judicial branches of the federal government are each under the exclusive jurisdiction of Congress, the President, and federal courts.
The federal government has some limited authority over all 50 states. State governments have the power to regulate inside the boundaries of their state.
Examples of federations or federal provinces or states include Argentina, Australia, Belgium, Bosnia and Herzegovina, Brazil, Canada, Germany, India, Iraq, Malaysia, Mexico, Micronesia, Nepal, Nigeria, Pakistan, Russia, Switzerland, the United Arab Emirates, and the United States.
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Wilde Software Development has an 11% unlevered cost of equity. Wilde forecasts the following interest expenses, which are expected to grow at a constant 2% rate after Year 3. Wilde's tax rate is 25%. Year 1 Year 2 Year 3 Interest expenses $75 $90 $110 What is the horizon value of the interest tax shield? Do not round intermediate calculations. Round your answer to the nearest cent. $ What is the total value of the interest tax shield at Year 0? Do not round intermediate calculations. Round your answer to the nearest cent.
The horizon value of the interest tax shield is $311.66.
What is horizon value?The expected value of a security or investment at a future date is referred to as its horizon value. Divide the annual cash flow by the difference between the required rate of return and the growth rate to calculate the horizon value.This method of estimating the horizon value is appropriate when no additional benefits or costs arise after the discounting period and the project is completed.Horizon value = Tax shield in 3rd year x (1 + growth rate) / (Required return - Growth rate)
The tax shield in year 3 = Interest expense x tax rate
= 110 x 25%
= $27.5
Horizon value = 27.5 x ( 1 + 2%) / (11% - 2%)
= $311.66
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which of the following mistakes do consumers commonly make when deciding which products or services they want to consume?
In deciding which services and products to utilize, customers usually choose poorly because they neglect to consider sunk costs. Contrary to inferior goods, which have a positive income effect, normal goods have a negative economic profit.
Budget restriction is indeed the term used to describe the restricted amount of money that customers have to expend on products and services.
The marginal product is a shift in the demand for a product as a result of a price adjustment that makes the item more or less costly in comparison to those other commodities while keeping the impact of both the cost increase on the consumer's buying power unchanged.
An inadequate good's demand curve lowers overall, whereas a Giffen good's curve shifts slopes upwards.
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fill in the blank. in the short run, inflation tends to___during expansions in the business cycle and inflation tends to___during contractions in the business cycle. please choose the correct answer from the following choices, and then select the submit answer button. answer choices
In the near term, inflation tends to increase during business cycle expansions and decline during business cycle contractions.
The four main stages of the business cycle are expansion, peak, contraction, and trough. While this cycle occurs in all economies, the duration and severity of each phase differs. While heads of state and governing bodies employ fiscal policy to regulate the cycle, the Federal Reserve uses monetary policy to do so.
A period of declining economic production is known as a contraction. The economy is currently generating less products and services than it did previously. Less output of products and services means that businesses require less resources, including labour.
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Managers use all of the following types of resources to achieve organizational goals except
Managers use all of the following types of resources to achieve organizational goals except: A. International.
Who is a manager?A manager can be defined as the person that help to oversee a company or an organization day to day business operation and activities by ensuring that their is smooth business operation.
Managers tend to often make use of the below resources to achieve their organizational goals and objectives:
PhysicalHumanFinancialInformationTherefore we can conclude that the correct option is A.
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The complete question is:
Managers use all of the following types of resources to achieve organizational goals EXCEPT
A. International
B. Physical
C. Human
D. Financial
E. Information
which of the following companies are unlikely to need an erp system? (select all that apply) sewing machine repair shop sinlge location retail store mid-sized furniture manufacturing company artison jewelry manufacturer on etsy international pharmaceutical company
B: "A single location retail store" and D: "an artisan jewelry manufacturer on Etsy" are unlikely to need an ERP (Enterprise Resource Planning) system.
ERP systems are large, complex software solutions that integrate and manage many different business functions, such as finance, accounting, inventory, sales, and production. These systems are typically used by larger, complex organizations that have a high volume of transactions and need to manage a large amount of data. A single location retail store and an artisan jewelry manufacturer on Etsy, which have a smaller scale of operations and fewer business functions, are unlikely to need an ERP system. They may be able to manage their operations using simpler, less comprehensive software solutions.
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Which of the following is NOT part of strategic planning?
A) defining the business and developing a mission
B) translating a mission into strategic goals
C) crafting a course of action
D) conducting a job analysis
The correct option is (D). A job analysis is NOT a step in the strategic planning process.
Which four strategic planning are there?
Determine the company's aims (i.e. business goals) collecting data (internal and external) Create alternate plans, then decide which will give the company the best chance of achieving its objectives. Execute the plan. Strategic planning is not about trying to create a plan that pleases everyone or being motivated by a single purpose, idea, or set of requirements.
Strategic thinking, long-term planning, and operational planning are the three distinct but equally significant parts of an effective strategic planning process.
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milton co. pledged some of its accounts receivable to good neighbor financing corporation in return for a loan. which of the following statements is correct?
As soon as practicable after this Registration Statement became effective, CHW changed its name from CHW Acquisition Corporation to Wag! Group Co.
What distinguishes assigning receivables from pledging receivables?Accounts receivables - The borrower assigns the receivables to a lending institution in this approach and is eligible to get a loan up to 100% of the value. It is different from pledging in that it allows the lender to collect the receivables, but the borrower retains ownership.
What does it mean to pledge accounts receivable?What are receivables pledged for? Accounts receivable are the assets you provide to a lender as security for a pre-approved loan (or capital funds).
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which of the following innovative ideas helped airbnb develop a successful business in the peer-to-peer rental space?
Favourable timing that increased demand, displaying an attractive website, and facilitating a seamless exchange between hosts and guests are innovative ideas that helped Airbnb develop a successful business in the peer-to-peer rental space.
What is Airbnb?
An American firm called Airbnb, Inc. with headquarters in San Francisco runs an online marketplace for experiences and the short-term house stays. As a broker, the business takes a commission from each reservation. Joe Gebbia, Nathan Blecharczyk, and Brian Chesky launched the business in 2008. The term AirBedandBreakfast.com was originally referred to as Airbnb. The business has come under fire for allowing rents to rise and for not enforcing restrictions.
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the defining property of a simple random sample is that group of answer choices it is the easiest method to access samples that are chosen. every possible sample of a particular size has the same chance of being chosen. it requires the fewest samples necessary for statistical significance.. every kth subject is chosen as a sample.
2nd option is correct. A simple random sample is a randomly selected subset of the population. With this sampling method, all members of the population have exactly the same chance of being selected.
This method is the simplest of all probabilistic sampling methods because there is only one random sample and little prior knowledge of the population is required. Because of the randomization, studies performed on this sample should have high internal and external validity and low risk of research bias, such as sampling and selection bias.
Draw statistical inferences about populations using simple random sampling. It helps ensure high internal validity.
Randomization is the best way to reduce the effects of potential confounding factors.
In addition, simple random samples with sufficiently large sample sizes have high external validity.
It represents a characteristic of a larger group. However, simple random samples can be difficult to implement in practice. There are some prerequisites for using this method.
They have a complete list of all members of the population. If you choose, you can contact or access any member of the collective. You have the time and resources to collect data from the required sample size.
Simple random sampling is best when you have sufficient time and resources to conduct a study, or when you are studying a limited population that can be easily sampled.
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which of the following are included in r packages? select all that apply. 1 point tests for checking your code naming conventions for r variable names reusable r functions sample datasets
Reusable R functions, tests to validate your code, and sample datasets are all parts of R packages.
What is meant by R packages?R packages are collections of example data, assembled code, and R functions. They are kept in the "library" directory in the R environment.R automatically installs a number of packages as part of the installation process. Later, when more than one package is needed for a specific activity, it is added. Learning R is difficult since it includes many specific cases that call for memory.R is the memory user that performs the best. Statistics for more knowledgeable users. The tens of thousands of R packages have been developed, maintained, and used by several statisticians.Base, compiler, datasets, grDevices, graphics, grid, methods, parallel, splines, stats, stats4, tcltk, tools, translations, and utils are among the fifteen "fundamental packages" that make up R's distribution.The complete question is:
Which of the following are included in R packages? Select all that apply.
1. Reusable R functions
2. Tests for checking your code
3. Sample datasets
4. Naming conventions for R variable names
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in the excel setup of a loan amortization problem, which of the following occurs? multiple select question. to find the dollar interest each month, you multiply the balance times the yearly interest rate. to find the principal payment each month, you subtract the interest payment from the total payment. to find the new balance, you subtract the interest payment from the old balance.
In the excel setup of a loan amortization problem, the following occurs are:
-the payment is found using PMT.
-to find the principal payment each month, you subtract the interest payment from the total payment.
What does Excel's Page Setup mean?
In the first approach, you'll attempt to use Excel's Page Layout option to implement Page Setup. Go to the Toolbar and choose Page Layout from the menu. The Page Layout Ribbon can be found once you select the Page Layout option.
The following happens in the loan amortization problem's excel setup:
-PMT is used to locate the payment.
-each month, you deduct the interest charge from the full payment to determine the principal payment.
Therefore, The monthly principal and interest payments you make during the duration of your loan term are simply referred to as amortization.
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given below are the steps of the marketing management process. arrange the steps in the correct order with the first step at the top and the last step at the bottom. marketing management
Following are the steps of the marketing management process.1. Planning 2. Guiding 3. Controlling.
What is marketing management ?
The design, implementation, and monitoring of a company's marketing strategy is known as marketing management. This comprises the marketing strategy, initiatives, and techniques applied to generate and satiate demand from the target market in order to increase profitability.
A marketing manager would conduct market research, comprehend consumer trends and preferences, develop marketing strategies and budgets, supervise the production of marketing collateral and content, and carry out all other pertinent duties necessary to boost the company's sales.
The proper question is "given below are the steps of the marketing management process. arrange the steps in the correct order with the first step at the top and the last step at the bottom. marketing management.Guiding, Controlling,Planning."
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Karen's is a popular clothing store in Boston. The store recently started selling designer watches, which are not typically associated with their current product categories. Thus, Karen's is practicing intertype competition product diversification channel expansion vertical differentiation scrambled merchandising
In Boston, Karen's is a well-known clothes retailer. Designer timepieces, which are not normally linked with the store's present product categories, have recently begun to be sold there. Karen's is therefore engaging in (B) product diversification.
The clothing-only store has expanded its business to include selling watches. As a result, the company will diversify its product line.
A strategy used by a corporation to boost profitability and obtain better sales volume from new items is product diversification. Diversification can take place at the corporate level or at the business level. To make a product accessible to a different audience, the way it is presented can be changed.
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Compared to the recommended percentages that should be allocated to transportation, 18% is _____.
A.too low
B.in the middle
C.the max
D.too high
Compared to the recommended percentages that should be allocated to transportation, 18% is too low. The correct option is A.
What is allocation in work?Allocation targets are logical groupings of users or work queues that can be assigned tasks and notifications. This enables the workflow administrator to assign tasks and notifications to a diverse group of users within the organization.
The freight expenditure incurred by the consumer to have purchased goods delivered is known as transportation-in. Costs such as freight insurance and customs duties can be included in this category.
Thus, the ideal selection is option A.
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In which of the following stages of the organizational purchase decision process does the make- buy decision, a choice between purchasing from outside or making the product itself, occur?
problem recognition has choose the organizational purchase decision process does the make- buy decision
What are the stages of the purchase decision process?This is the process by which consumers evaluate making a purchasing decision. The 5 steps are problem recognition, information search, alternatives evaluation, purchase decision and post-purchase evaluation.In order to better assess the business buyer behaviour, understanding business buying situations is also very important. There are three types of business buying situations that need to be considered. They are straight rebuy, modified rebuy, and new buy.Problem/Need-recognition is the first step in the buying decision. Without knowing what the customer needs, they will not be enticed to purchase the product. The need can be triggered by internal stimuli (e.g. hunger, thirst) or external stimuli (e.g. advertisingTo learn more about purchase decision process refers to:
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olleague suggests that you give a presentation on economic changes. the segment of the economy that has become the largest contributor to us gross domestic product is the
With a value of 21%, the finance, insurance, real estate, rental, and leasing sector was the largest contributor to the U.S. GDP in 2021.
What is GDP?The gross domestic product (GDP) of a nation is a monetary indicator of the final products and services—those purchased by the consumer—that were created over a specific time period (say a quarter or a year). It records all production that takes place within a nation's boundaries. Gross domestic product, or GDP as it is more commonly called, is one of the most significant. This economic indicator measures the monetary value of goods (including food items, machinery, textiles, and cars) and services (including health care, education, etc.) produced in the nation over a specific time period.
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T/F team-written documents and presentations are standard in most organizations because collaboration produces a better product.
The given statement"Team-written documents and presentations are standard in most organizations because collaboration produces a better product." is true.
Yes, that's correct. Team-written documents and presentations tend to be more comprehensive and well-rounded than those written by a single person. Collaborating with others allows for the sharing of ideas, knowledge, and perspectives, resulting in a more thorough and effective final product. Additionally, dividing tasks among team members can also make the process more efficient and manageable.
Therefore, the given statement is True.
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fill in the blank.if a country imposes a tariff on imported shoes, we expect the domestic price of shoes to___, domestic consumption to___, and domestic production to___.
Answer:
rise; fall; rise
Explanation:
if a country imposes a tariff on imported shoes, we expect the domestic price of shoes to rise domestic consumption to fall and domestic production to rise
The SEC ______. (Check all that apply.)
has created a code of ethics for all companies to follow
oversees the US stock exchanges
writes accounting rules for companies around the world
oversees financial reporting by US public companies
Setting accounting standards is the responsibility of the Financial Accounting Standards Board (FASB), a nonprofit organisation that operates independently.A U.S. government oversight body tasked with policing the securities markets and defending investors is the Securities and Exchange Commission (SEC).
The definition of "non-profit"
A non-profit organisation is one that was founded with the goal of turning a profit but does not distribute any of its earnings to its officers, directors, or members.
The phrase "inure to the benefit of any private shareholder or individual" is prohibited, which is where the term "nonprofit" comes from. Section 501(c)(3) of the tax code refers to private foundations and public charities (often referred to as charitable nonprofits).
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If no extension request is made, securities that have been purchased by a customer for which no payment has been received, must be liquidated after:
A. S
B. S + 1
C. S + 2
D. S + 10
Option c: S+2. If no extension request is made, securities that have been purchased by a customer for which no payment has been received, must be liquidated after S+2.
The term liquidation in finance and economics is the process of ending a business and distributing its assets to beneficiaries.
A bankrupt company ceases to exist after the liquidation proceedings are completed and the company is deregistered.
Liquidation typically occurs during Chapter 7 bankruptcy proceedings.
Earnings are distributed to beneficiaries based on priority. Creditors have priority over shareholders. Liquidation can also refer to the process of selling inventory, usually at a significant discount.
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Given a choice between mortgage A ($125,000 at 3%) and mortgage 8 ($150,000 at 5%), the incremental cost of borrowing is the cost to borrow an additionalO $100.000O $25,000O $150.000O $125,000
The correct option is B. The incremental cost of borrowing is the cost to borrow the additional amount is $25000.
first choice = 125000 at 3%
second choice = 150000 at 5%
The incremental cost of borrowing is the cost to borrow the additional amount of 150000 - 125000 = $25000
In economics, the marginal fee is the alternate within the total fee that arises when the quantity produced is incremented, the cost of manufacturing additional quantity. In some contexts, it refers to an increment of 1 unit of output, and in others, it refers to the rate of alternate overall value as output is accelerated by way of an infinitesimal amount. As discernment 1 shows, the marginal price is measured in dollars in line with units, while the overall value is in bucks, and the marginal value is the slope of the whole value, the fee at which it increases with output. The marginal fee isn't like the average price, that's the total fee divided by way of the number of gadgets produced.
At each level of production and time period is taken into consideration, marginal value includes all expenses that adjust with the extent of production, while prices that don't range with production are constant. as an instance, the marginal value of producing an automobile will encompass the prices of hard work and parts wanted for the extra car but not the fixed fee of the manufacturing facility building that do not trade with output. The marginal cost may be both quick-run or lengthy-run marginal value, depending on how huge the bird is, given that ultimately even constructing size is chosen to match the desired output.
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Which of the following is something that markets cannot do?Provide unlimited goods and servicesDetermine the equilibrium quantity of a good or serviceMake buyers and sellers better offDetermine the equilibrium price of a good or service
markets cannot Provide unlimited goods and services and Determine the equilibrium price of a good or service.
The only price at which consumer and producer plans can be reconciled is the equilibrium price, which is reached when the quantity of the good that consumers wish to purchase, or quantity requested, equals the quantity that producers wish to sell, or quantity supplied. The term "equilibrium quantity" refers to this universal amount. Economic equilibrium is a state of affairs when supply and demand, for example, are balanced and the values of other economic variables do not vary in the absence of outside influences. The coffee market has reached balance. There won't be any propensity for pricing to fluctuate until the demand or supply curves alter. Any market's equilibrium price is the one at which supply and demand are balanced.
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Which of the following statements incorrectly describes the relationship between a company's book value per share and its market price per share?
a) If the book value per share is below the market value per share, then shareholders are paying for the future earnings power of the company.
b) If a company has unrecorded assets or appreciated assets, the market value per share is likely to be greater than the book value per share.
c) Since the book value per share is based on historical costs, the book value per share can never be greater than the market price per share.
d) Use of the book value per share can be highly questionable for many companies, since it is based on balance sheet amounts that in turn are based upon historical costs.
e) If the market value of a company's assets is much greater than the assets' historical costs, then the market price per share will likely be greater than the book value per share.
The statements incorrectly describe the relationship between a company's book value per share and its market price per share is C) Since the book value per share is based on historical costs, the book value per share can never be greater than the market price per share.
Book value per share is calculated by dividing the company's total assets by the number of outstanding shares. This gives the company's net worth per share.
This amount reflects the company's assets at their historical cost, or the amount it cost to acquire them. The market price per share, on the other hand, is the current value of the company's stock and can be much higher than the book value per share.
This is because the market price per share reflects the company's current market value, which can be higher than the book value per share due to the appreciation of assets, unrecorded assets, and/or the future earnings power of the company. Therefore, the book value per share can never be greater than the market price per share.
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the freeman corporation issues 2,000 10 year 8% $1,000 bonds dated january 1 at 96. the journal entry to record the issuance will show a
A. debit to cash of $2,000,000
B. credit to discount on bonds payable for $80,000
C. credit to bonds payable for $1,920,000
D. debit to cash for $1,920,000
The freeman corporation issues 2,000 10 year 8% $1,000 bonds dated January 1 at 96. the journal entry to record the issuance will show a debit to cash for $1,920,000
What is journal entry?A journal entry is the act of recording any transaction, whether one that is economic or not. An accounting diary that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.In a company's accounting records, a journal entry is used to document a business transaction.Journalising is the process of entering this business transaction into a company's books of accounts. The first step in an accounting cycle, according to accounting terminology, is to record a journal entry of a business transaction using the double-entry technique.Learn more about Journal entry refer to :
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A transaction that involves an exchange of assets, liabilities and/or stockholders equity between the company and someone else is called a _______ exchange.
A transaction that involves exchange of the assets, liabilities and/or stockholders' equity between company and someone else is called external exchange.
What is a liability?An obligation to forfeit future economic benefits to other entities as a result of previous transactions or other prior events, the resolution of which may result in the transfer or use of assets, the provision of services, or other future yielding of economic benefits, is referred to as a liability in financial accounting. The opposite of what happens with a debit, a credit increases an obligation while decreasing an asset. Every financial transaction is comparable to both a debit and a credit under the double-entry principle. In this instance, the bank is increasing both the asset and the obligation by debiting one and crediting the other.
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organizations like kiva.org offer aspiring entrepreneurs in developing countries small loans to help them get their businesses started. these loans are called?
Organizations like kiva.org offer aspiring entrepreneurs in developing countries small loans to help them get their businesses started. These loans are called microcredit.
What is microcredit?
Microcredit is a loan offered to people with no credit history, collateral, or a reliable source of income. It attempts to assist and jump-start business owners who are unable to secure the funding required to launch a small company or capitalize on an idea. Microcredit refers to the provision of extremely tiny loans to low-income borrowers who generally lack collateral, stable employment, or a credit history that can be verified. Microcredit, also known as microbanking or microfinance, is a method of providing credit to unconventional borrowers, such as the underprivileged in rural or underdeveloped areas, typically in the form of small loans with no collateral.
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part 1 - check your understanding- for each of the following, identify if the statement regarding the market for popcorn is true or false. if the statement is false, change it to make it true. 1. a decrease in the price of popcorn will increase the quantity demanded of popcorn. 2. the demand for popcorn is determined by the number of producers that are willing and able to produce popcorn. 3. popcorn consumers that experience diminishing marginal utility will be willing to pay lower prices for more popcorn. 4. an increase in the price of potato chips, a substitute for popcorn, will cause the demand curve for popcorn to shift to the left.
The demand curve for popcorn will move to the left if the cost of potato chips, which can be used in place of popcorn, rises.
What is demand curve?The demand curve is a graphical depiction of the connection between the cost of a commodity or service and the amount demanded over a specific time period. A common representation will have the price on the left-hand vertical axis and the amount needed on the right-hand horizontal axis. In economics, a demand curve is a graph that shows the relationship between a commodity's price and the amount that is desired at that price. Demand curves can be used to both the price-quantity connection for a single consumer as well as for all consumers in a given market.
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Employee benefit planning involves selecting, coordinating, and managing employer-provided composition that______
The process of choosing, organising, and managing employer-provided benefits that support a company's core compensation strategy is known as employee benefit planning.
What is a compensation strategy?
A compensation strategy is a plan that an organization uses to determine the wages and benefits it will offer to its employees. It includes an analysis of jobs, the determination of their worth, and the decision of how to reward employees. It also involves developing a pay structure and creating a plan to ensure that employees are treated fairly and paid equitably. The compensation strategy also includes evaluating the organization's benefits package, including retirement and health care plans, to ensure that it meets the needs of its employees.
So, The answer is that it complements an organization's overall compensation strategy.
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