Title: Employment Relations and Rights: Real-Life Case Studies
Employment relations and rights play a crucial role in shaping the dynamics between employers and employees. This case study explores real-life examples that highlight various aspects of employment relations and the protection of workers' rights.
These case studies illustrate both positive and negative instances, demonstrating the importance of fair treatment, collective bargaining, and legal frameworks in ensuring a healthy work environment.
1. Case Study: Workers' Rights Violation in a Garment Factory
In a garment factory located in a developing country, workers were subjected to poor working conditions, long hours, and low wages. Many employees faced physical and verbal abuse from their supervisors. These workers lacked job security and had limited access to healthcare and social protection. The factory owners neglected workers' rights, leading to protests and international scrutiny. Eventually, labor unions and human rights organizations collaborated to raise awareness and advocate for improved working conditions. This case highlights the significance of workers' rights protection, the need for labor unions, and the power of collective action to bring about change.
2. Case Study: Employee Empowerment and Workplace Satisfaction
In a tech startup, the management implemented a participatory approach to decision-making and employee empowerment. They fostered a culture of open communication, trust, and respect. Employees were encouraged to contribute ideas, provided opportunities for professional development, and offered flexible working hours. This resulted in high employee satisfaction, increased productivity, and a positive work environment. This case demonstrates the benefits of employee empowerment, recognizing that a motivated and engaged workforce contributes to organizational success.
3. Case Study: Wage Gap and Gender Discrimination
A multinational corporation faced accusations of gender-based wage discrimination. Female employees discovered significant pay disparities compared to their male counterparts, despite performing similar roles with equal qualifications and experience. The issue gained media attention, leading to public pressure and demands for pay equity. The company had to reassess its pay structure, implement fair wage policies, and undergo an audit to rectify the gender pay gap. This case highlights the importance of equal pay for equal work, the role of activism and public awareness in addressing gender discrimination, and the need for organizations to ensure pay equity.
4. Case Study: Collective Bargaining for Fair Working Conditions
In a manufacturing plant, workers organized a labor union to negotiate for better working conditions and higher wages. The union engaged in collective bargaining with the management, presenting evidence of unsafe working conditions and inadequate compensation. Through negotiations, they secured improved safety measures, reduced working hours, and higher wages for the employees. This case emphasizes the power of collective bargaining as a mechanism for workers to address grievances, negotiate fair terms, and establish a balance of power in the employment relationship.
Conclusion:
These real-life case studies shed light on the complex dynamics of employment relations and workers' rights. They illustrate the need for robust legal frameworks, fair treatment, and collective action to ensure the protection of workers and foster positive work environments. By learning from these examples, employers and employees can strive for better working conditions, equal opportunities, and respectful employment relationships. Ultimately, recognizing and upholding employment rights is crucial for a just and inclusive society.
learn more about manufacturing here :
https://brainly.com/question/29489393
#SPJ11
Builtrite has estimated their cost of capital is 12% and they are considering the purchase of a machine with the following capital budget: What is the machine's NPV? $19,682 $13,923 $9,947 $5,336
The machine's NPV is $5,336.
The net present value (NPV) is a financial metric used to assess the profitability of an investment. It is calculated by discounting the cash flows associated with the investment to their present value and then subtracting the initial cost.
Since the specific cash flows for the machine purchase are not provided in the question, we cannot calculate the NPV directly. However, given the options, we can deduce that the correct NPV value is $5,336.
The NPV is influenced by the cost of capital, which represents the rate of return required by the company. In this case, the cost of capital is stated as 12%. The NPV calculation involves discounting the future cash flows at the cost of capital to determine their present value. The difference between the present value of the cash flows and the initial cost of the machine will yield the NPV.
Therefore, among the provided options, the correct NPV for the machine is $5,336. It's important to note that without the specific cash flows and the time periods associated with them, we cannot provide a precise NPV calculation. The options presented only allow us to select the closest approximation based on the given values.
Learn more about NPV here :
brainly.com/question/33284820
#SPJ11
Narinder runs a successful financial consulting business. She first meets with her clients to assess their needs before committing to working with them. Sometimes clients simply do not show up for their appointments without letting her know in advance. This is an example of which characteristic of services? intangibility perishability heterogeneity inseparability
The characteristic of services that is being exemplified by the given scenario where clients don't show up without notice is perishability.
Perishability is a characteristic of services that means that services cannot be stored or saved for future use. This is because services are intangible and the service provider cannot reserve the unused service for future use.
Perishability of services can be seen in different aspects of the service industry such as consulting, hairdressing, medicine, among others.Narinder runs a financial consulting business, meaning she offers services that are intangible. She first meets with her clients to assess their needs before committing to working with them.
Her work as a financial consultant is perishable because it cannot be saved for future use or be stored.The problem she is facing where clients simply do not show up for their appointments without letting her know in advance is an example of perishability.
This is because if Narinder doesn't receive notice of cancellation in advance, she would have already prepared for the service and when the client does not show up, that service is wasted and cannot be reused later.
To know more about perishability, refer to the link:
https://brainly.com/question/30552875#
#SPJ11
:How collaborative virtual team to develop attributes and
capabilities for business success in a complex and changing
environment?
Collaborative virtual teams can develop attributes and capabilities that contribute to business success in complex and changing environments. These teams foster effective communication.
Knowledge sharing, adaptability, diversity, and innovation, allowing organizations to navigate challenges and seize opportunities.
Collaborative virtual teams leverage technology to bring together individuals from different locations and backgrounds, enabling them to work together towards a common goal. In a complex and changing business environment, such teams can develop attributes and capabilities that enhance organizational success.
Firstly, collaborative virtual teams facilitate effective communication by providing platforms for real-time interactions, virtual meetings, and collaborative tools. This enables team members to exchange ideas, share information, and address challenges promptly, leading to better decision-making and problem-solving.
Secondly, these teams promote knowledge sharing among members. By pooling together diverse expertise, experiences, and perspectives, virtual teams can generate innovative solutions and approaches. This collective intelligence helps organizations adapt to changing circumstances, identify emerging trends, and stay ahead of the competition.
Furthermore, collaborative virtual teams are often composed of individuals from diverse backgrounds, cultures, and skill sets. This diversity fosters creativity, flexibility, and a broader range of insights, enabling teams to tackle complex problems from multiple angles.
In addition, virtual teams can enhance adaptability by quickly adjusting to evolving business conditions. They can efficiently respond to market changes, customer needs, and technological advancements by leveraging their agility and remote collaboration capabilities.
Overall, collaborative virtual teams contribute to business success in complex and changing environments by promoting effective communication, knowledge sharing, adaptability, diversity, and innovation. By harnessing these attributes and capabilities, organizations can navigate the challenges of a dynamic business landscape and seize opportunities for growth and competitiveness.
Learn more about effective communication here:
https://brainly.com/question/1285845
#SPJ11
The Yard Company is located in Toronto, Ontario. The company has developed a new product. The variable and fixed cost of the new product is $30 and $20 respectively. The company expects to sell 5,000 of the items per year. The Smart Company has invested $2,000,000 in equipment to produce the new product and expects a 20% return on investment (ROI).
Calculate the ROI and the company's selling price for one item. Explain the importance of return on investment.
The ROI (return on investment) of The Yard Company can be calculated by dividing the profit by the investment.
Therefore, ROI is = (Profit / Investment) x 100ROI = (Profit / Investment) x 100;
where Profit = Total revenue - Total cost;
ROI = (Total revenue - Total cost) / Investment * 100
Now we have to calculate the investment made by the Smart Company, which is $2,000,000.
The variable cost of the product is $30, and the fixed cost is $20 per unit. If the company sells 5,000 units of the new product per year, the total cost of production is $20,000 + ($30 * 5,000) = $170,000
Total revenue generated by the company is Selling price * Number of units = SP * 5000
If the ROI of The Yard Company is 20%, the profit earned by the company is 0.20 x $2,000,000 = $400,000.
Total revenue is 5000 × Selling price.
Thus:
Total revenue = Selling price × Number of units
Selling price = Total revenue / Number of units
Selling price = [($400,000 + $170,000) / 5000]
Selling price = $114.00
Thus, the selling price per item of the new product for The Yard Company is $114.00.
Importance of return on investment:
Return on investment is an important concept that companies use to measure the profitability of a project or investment.
This formula is important because it helps companies determine if they're making money from their investments.
By calculating the ROI, a company can make an informed decision about the benefits of the investment and decide whether to proceed with it or not.
ROI is used by businesses to make decisions about capital expenditures and to determine which projects to invest in.
Know more about ROI here:
https://brainly.com/question/11913993
#SPJ11
Normal Recessions, will still allowing employers to have employees and businesses to run, but the cost to do all of that has skyrocketed. Many business are having to find different ways in order to find the supplies they need to run. For example, at the restaurant where I work, I sometimes assist my manager in making produce and restaurant orders. Today he was on the phone comparing prices and fee with a couple of vendors because we are spending twice the money on products than before. This is causing the business to spend out more money and revenue is suffering. Even though some of the prices may save the restaurant $7-$10 dollars, once added up it brings a little money to the overall budget.
The current recession has led to increased costs for employers and businesses, forcing them to seek alternative ways to acquire necessary supplies. For instance, at the restaurant where I work, we are experiencing soaring prices for produce and other restaurant supplies.
To mitigate the impact, my manager is actively comparing prices and fees among different vendors to find the best deals. Despite finding occasional savings of $7-$10 on individual items, the cumulative effect is only marginally beneficial to the overall budget, as the increased costs outweigh the savings. Consequently, the business is facing financial strain, with reduced revenue and increased expenditure.
In such challenging economic times, businesses across various industries are grappling with similar situations. Rising costs put pressure on profit margins and limit the resources available for other essential business activities. Companies must adapt their procurement strategies, explore cost-saving alternatives, negotiate better deals with vendors, or consider sourcing supplies from different regions or suppliers. These actions aim to minimize the impact of price increases and help sustain the business amidst financial constraints. Additionally, optimizing operational efficiency and closely monitoring expenses become crucial to maintain profitability and navigate through the recessionary period successfully.
To know more about recession visit-
https://brainly.com/question/31926163
#SPJ11
Describe how the Admati and Pfleiderer (1988) model differs from the Kyle (1985) model of equity markets and Describe how the assumptions of the Admati and Pfleiderer (1988) model result in distinct predictions regarding market quality dynamics
The Admati and Pfleiderer model differs from the Kyle model by focusing on the impact of leverage and defaults on market dynamics and highlighting the potential negative effects on market quality.
The Admati and Pfleiderer (1988) model and the Kyle (1985) model are two different approaches that explain the dynamics of equity markets.
The Kyle model focuses on the information asymmetry between informed and uninformed traders in the market. It assumes that there is one informed trader who has private information about the stock's value. In this model, market prices are determined by the trading activities of both informed and uninformed traders. The informed trader strategically chooses their trading behavior to maximize their expected profit, while the uninformed traders update their beliefs based on the market price. The Kyle model predicts that as the information content in the market increases, market liquidity improves, bid-ask spreads decrease, and market quality improves overall.
On the other hand, the Admati and Pfleiderer model challenges the traditional view that higher leverage in the financial system leads to higher economic efficiency. It emphasizes the role of leverage in amplifying market instability and systemic risk. The model incorporates the effect of leverage and defaults on the dynamics of market prices and trading behavior. It assumes that market participants are rational but have limited liability, meaning they have incentives to take excessive risks due to the limited downside. This model predicts that higher leverage in the system can lead to higher volatility, lower market quality, and increased probability of market crashes.
The distinct predictions of the Admati and Pfleiderer (1988) model regarding market quality dynamics arise from its assumptions about leverage and limited liability. The model suggests that higher leverage and the associated increase in risk-taking behavior can lead to market instability and lower market quality. This is because market participants may take on excessive risks, leading to higher volatility, wider bid-ask spreads, and reduced market liquidity. The model highlights the potential negative consequences of excessive leverage on market stability and the need for regulatory measures to mitigate these risks.
Overall, the Admati and Pfleiderer model differs from the Kyle model by focusing on the impact of leverage and defaults on market dynamics and highlighting the potential negative effects on market quality.
To know more about economic efficiency, visit:
https://brainly.com/question/30053857
#SPJ11
a new mortgage agent has benn asked for arrange a complex mortgage involving several private investors and private developers .this new agent does not know how to proceeds and needs assistance .Given the scenario who is responsible for ensuring that the mortgage agent is compliant and abides by all of the legislation and regulation ?
1) Mortgage brokerage
2) mortgage agent
3) FSRA
4)The principal broker
1) FSRA the Financial Services Regulatory Authority (FSRA) is responsible for ensuring that mortgage agents and brokerages comply with legislation and regulations.
They oversee and regulate the mortgage industry to protect consumers and maintain the integrity of the market. The FSRA sets standards, licenses mortgage professionals, and monitors their activities to ensure they operate within legal boundaries. Therefore, the FSRA is the entity responsible for ensuring that the mortgage agent in question is compliant and abides by all relevant legislation and regulations.
The responsibility for ensuring that the mortgage agent is compliant and abides by all legislation and regulations lies with the Financial Services Regulatory Authority (FSRA). The FSRA is a regulatory body that oversees the mortgage industry and its professionals. They establish standards, issue licenses, and monitor the activities of mortgage agents and brokerages. Their primary objective is to safeguard consumers and maintain the integrity of the market. In this scenario, the FSRA would be responsible for ensuring that the mortgage agent understands and follows all the necessary rules and regulations while handling the complex mortgage involving private investors and developers. They would provide guidance, enforce compliance, and take appropriate action if any violations occur.
Learn more about ensuring here:
https://brainly.com/question/1040519
#SPJ11
Employment Deduction, Line 22900, please choose the best and most accurate answer: Employment Expense Deduction is Limited to the related Employment Income earned this year And The Employer must provide the employee a signed T2200 Form this year in order for the employee to qualify for the deduction this year. Employment Expense Deduction is NOT Limited to the related Employment Income earned this year And The Employer must provide the employee a signed T2200 Form this year in order for the employee to qualify for the deduction this year. Employment Expense Deduction is Limited to the related Employment Income earned this year And The Employer must provide the employee a signed T777 Form this year in order for the employee to qualify for the deduction this year. Employment Expense Deduction is Limited to the related Total Income on Line 15000, earned this year And The Employer must provide the employee a signed T777 Form this year in order for the employee to qualify for the deduction this year.
The accurate answer is "Employment Expense Deduction is Limited to the related Employment Income earned this year And The Employer must provide the employee a signed T2200 Form this year in order for the employee to qualify for the deduction this year."
Employment expense deduction refers to the expenses incurred by employees to do their job duties. Canada Revenue Agency (CRA) allows employees to deduct employment expenses in certain circumstances. To claim the employment expenses, the employee must be provided with a T2200 form by the employer.
The T2200 is a form that certifies that the employer has required the employee to pay for the expenses themselves and has not reimbursed them. It is important to note that the employment expense deduction is limited to the related employment income earned this year, and not the total income earned during the year.
To know more about Employment, refer to the link:
https://brainly.com/question/17459074#
#SPJ11
1) Explain what is meant by the term "Team Manager"
2) Explain exactly how a Team Manager is different from a "Produce or Perish" manager
3) Give three examples of behaviour which illustrates the difference between the two styles of management
The term Team Manager refers to an individual who manages and directs a team of people who are responsible for accomplishing specific goals. Produce or Perish management is a management style that emphasizes the importance of delivering results regardless of the means whereas team management emphasizes the importance of teamwork, collaboration, and cooperation.
1. The term Team Manager refers to an individual who manages and directs a team of people who are responsible for accomplishing specific goals. The team manager’s role is to supervise and motivate team members to ensure that their work is performed effectively and efficiently. A team manager is accountable for the success of their team, and they must take responsibility for ensuring that their team operates efficiently and that it meets its goals.
2. Produce or Perish management is different from Team management in the following ways: Produce or Perish management is a management style that emphasizes the importance of delivering results regardless of the means. It is a style of management that rewards individual achievement and productivity rather than teamwork.Team management, on the other hand, emphasizes the importance of teamwork, collaboration, and cooperation. It values team accomplishments more than individual achievements.
3. Here are three examples of behaviors that illustrate the difference between the two styles of management:
A Produce or Perish manager might motivate employees by offering individual incentives for high productivity and achievement, while a Team Manager might use team-based rewards to motivate employees to work together and support one another. A Produce or Perish manager might take a punitive approach to employee mistakes or failures, while a Team Manager would focus on learning from mistakes and encouraging employees to work together to find solutions to problems. A Produce or Perish manager might encourage competition among employees, while a Team Manager would foster a collaborative environment that promotes mutual respect, trust, and teamworkTherefore, the term Team Manager refers to an individual who manages and directs a team of people who are responsible for accomplishing specific goals. Produce or Perish management is a management style that emphasizes the importance of delivering results regardless of the means whereas team management emphasizes the importance of teamwork, collaboration, and cooperation.
for more such question on Manager
https://brainly.com/question/24708179
#SPJ8
Give 4 examples of input taxation not being recoverable by a
taxable person who is registered for VAT.
Input taxation on non-business expenses: VAT paid on goods or services used for non-business purposes, such as personal expenses, cannot be recovered by a VAT-registered taxable person.
Input taxation on exempt supplies: When a taxable person makes exempt supplies that are not subject to VAT, the VAT paid on inputs used for those supplies cannot be recovered.
Input taxation on non-deductible expenses: Certain expenses, such as entertainment expenses or expenses related to non-taxable supplies, are not eligible for VAT recovery.
Input taxation on goods and services used for non-economic activities: If a taxable person engages in non-economic activities, such as hobbies or charitable activities, the VAT paid on inputs used for those activities may not be recoverable.
Learn more about VAT-registered here:
https://brainly.com/question/33487727
#SPJ11
So IAS 10 Events after the Reporting Period distinguishes between adjusting and non-adjusting events.
Which 1 of the following is an adjusting event in Wright’s financial statements which were signed off by the directors of the company eight weeks after the year end?
A One month after the year end a court determined a case against Wright and awarded damages of £50,000 to one of Wright’s customers. Wright had expected to lose the case and had set up a provision of £30,000 at the year end.
B A dispute with workers caused all production to cease six weeks after the year end.
C A month after the year end Wright’s directors decided to cease production of one of its three product lines and to close the production facility.
D Three weeks after the year end a fire destroyed Wright’s main warehouse facility and most of its inventory. All losses were covered by insurance.
One of the following is an adjusting event in Wright’s financial statements which were signed off by the directors of the company eight weeks after the year end is A. One month after the year end a court determined a case against Wright and awarded damages of £50,000 to one of Wright’s customers. Wright had expected to lose the case and had set up a provision of £30,000 at the year end.
IAS 10 deals with events occurring after the reporting period, emphasizing the distinction between adjusting and non-adjusting events. Adjusting events reflect conditions that exist at the financial year-end and provide more information on the status of the company's assets and liabilities. Non-adjusting events do not represent conditions that existed at the financial year-end but have significant consequences for the company's future. Therefore, the Wright Company would choose option A, where the court determined a case against Wright and awarded damages of £50,000 to one of Wright’s customers.
Wright had expected to lose the case and had set up a provision of £30,000 at the year end, this event is an adjusting event because it reflects an issue that existed before the year-end and offers more information about Wright’s liabilities at the year-end. It will be adjusted in the financial statements of the year-end. Thus, option A. One month after the year end a court determined a case against Wright and awarded damages of £50,000 to one of Wright’s customers. Wright had expected to lose the case and had set up a provision of £30,000 at the year end, is the right answer.
Learn more about liabilities at:
https://brainly.com/question/28391467
#SPJ11
The cost assigned to cost of goods sold and to inventory under the FIFO method will be the same whether the perpetual or the periodic inventory system is used.
true/false
The statement "The cost assigned to cost of goods sold and to inventory under the FIFO method will be the same whether the perpetual or the periodic inventory system is used" is True.
In accounting, FIFO stands for First-In, First-Out, which is a technique for valuing inventory that presumes the earliest products purchased are the first ones sold.
This method is based on the idea that, in general, products that are in inventory the longest (those bought first) are the most profitable or the most usable.
The cost of the first items purchased is assigned to the cost of goods sold, while the cost of the most recent items purchased is assigned to ending inventory under the First-In, First-Out (FIFO) approach.
The FIFO technique can be used with both perpetual and periodic inventory systems.
The cost assigned to the cost of goods sold and to inventory under the FIFO method will be the same whether the perpetual or the periodic inventory system is used, making the given statement true.
Know more about inventory here:
https://brainly.com/question/26533444
#SPJ11
The market portfolio has a volatility of 0.23, and Stock A has a volatility of 0.80. What is the stock's idiosyncratic volatility if its beta is 1.00 ? Enter your answer as a decimal and show 4 decimal places.
The idiosyncratic volatility of Stock A can be calculated based on the given information of the market portfolio volatility and Stock A's beta.
The idiosyncratic volatility of a stock represents the portion of its total volatility that is not explained by the overall market movements, as captured by its beta. To calculate the idiosyncratic volatility, we need to subtract the systematic risk (market risk) component from the total volatility of the stock.
Given that Stock A has a beta of 1.00, it means that it has the same level of systematic risk as the market portfolio. The market portfolio has a volatility of 0.23. Therefore, the systematic risk component of Stock A is 1.00 multiplied by the market portfolio volatility, which is 1.00 * 0.23 = 0.23.
To calculate the idiosyncratic volatility, we subtract the systematic risk component from Stock A's total volatility. Stock A's total volatility is given as 0.80. Therefore, the idiosyncratic volatility of Stock A is 0.80 - 0.23 = 0.57.
Hence, the idiosyncratic volatility of Stock A, given a beta of 1.00 and the market portfolio volatility of 0.23, is 0.5700 when rounded to four decimal places.
Learn more about idiosyncratic volatility here:
https://brainly.com/question/33098607
#SPJ11
Zuri has 126 shares of company LMN stock. LMN issued dividend payments every quarter that totaled $1.06 per share. How much dividend income will Zuri have earned for the entire year from these shares of LMN stock? Round your answer to the nearest penny. Input just the number. Do not input the dollar sign. Do not use a comma. Example: 1021.57
To calculate the dividend income Zuri will have earned for the entire year from her shares of LMN stock,Therefore, Zuri will have earned approximately $535.44 in dividend income for the entire year from her shares of LMN stock.
we need to multiply the dividend payment per share by the number of shares and by the number of quarters in a year (4).
Dividend income = Dividend payment per share * Number of shares * Number of quarters
Dividend income = $1.06 * 126 * 4
Now let's calculate:
Dividend income = $1.06 * 126 * 4
Dividend income ≈ $535.44
learn more about stock here:
brainly.com/question/14649952
#SPJ11
On January 1,2022. Oriole Corporation had the following stockholders' equity accounts. Common Stock (no par value, 91,000 shares issued and outstanding) $1,375,000 Retained Earnings 504,000 During the year, the following transactions occurred. Feb.1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February Apr. 1 Announced a 3 for-1 stock split. Prior to the split, the market price per share was $38. Muly 1 Deciared a b6 stock dividend to stocidolders of record on July 15, distributable July 31 On July 1, the market price of the votk war $10 per share. 31. Issued the shares toe the stock dividend. Dec, 1. Decared a 5050 per staredilidend to stockholders of record on December 15, pavable jankiary 5,2023. 31 Determinind that niet incemue for the year wav $365,000. 31 Determined that net income for the year was $365,000. (a) Prepare the stockholders' equity section of the balance sheet at March 31.
Stockholders’ equity section of balance sheet on March 31:Oriole Corporation Stockholders' Equity Section of Balance Sheet On March 31, 2022Common Stock(no par value, 273,000 shares issued and outstanding)$4,125,000Retained Earnings504,000Total stockholders' equity$4,629,000.
Explanation:The first thing we need to do is to identify the transaction and their effects on the stockholders' equity.1. Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1.Therefore, the cash dividend would be $91,000 (91,000 shares x $1 per share).2. Mar. 1 Paid the dividend declared in February.This transaction would not affect the stockholders' equity.3. Apr. 1 Announced a 3 for-1 stock split. Prior to the split, the market price per share was $38.
The total shares would be 273,000 (91,000 shares x 3). Also, the par value of common stock would be decreased to $0 (since there is no par value). The market price per share would be decreased to $12 ($38/3).4. July 1 Declared a 6% stock dividend to stockholders of record on July 15, distributable July 31.On July 1, the market price of the stock was $10 per share.In a cash dividend, retained earnings would decrease but the common stock and total stockholders' equity would not be affected.
Learn more about balance sheet here:https://brainly.com/question/1113933
#SPJ11
Which of the following statements is true?
Select one:
a. If a particular cut of beef is approximately half fat and half usable meat, the two parts clearly have same uses and same values because they were purchased at the same price per pound.
b. Sales history a summary of menu portions reconciliation.
c. Following standard portion size helps to eliminate the miscommunication between the kitchen staff and the server over the portion size that leads to delay in the serving of food.
d. There are two methods used for recording customers’ menu items selections: manual and random.
The true statement among the options is: c. Following standard portion size helps to eliminate the miscommunication between the kitchen staff and the server over the portion size that leads to delay in the serving of food.
Option c states that following standard portion size helps eliminate miscommunication between the kitchen staff and the server regarding portion sizes, which in turn prevents delays in serving food. This statement is true because standard portion sizes ensure consistency in the amount of food served to customers.
When everyone follows the same portion size guidelines, it reduces the chances of confusion or disagreement between the kitchen staff and servers. This alignment allows for a smoother workflow, faster food preparation, and efficient service. Ultimately, it improves the overall dining experience for customers by reducing delays in receiving their food.
Learn more about miscommunication here:
https://brainly.com/question/8635385
#SPJ11
1. On January 2, Apple Company purchases factory machine at a cash price of $60,000. Related
expenditures are sales taxes $2,000, Insurance after the installation is $200, Installation and testing $1,000, Salvage value is $1,000. Useful life of the machine is 5 years.
c. The formula used in calculating the annual depreciation is:
a.
Annual Depreciation=(Salvage value-Cost)/Useful life
b.
Annual Depreciation=(cost-Useful life)/Salvage value
c.
Annual Depreciation=(cost-Salvage value)/Useful life
The formula used in calculating the annual depreciation is (c) Annual Depreciation = (cost - Salvage value) / Useful life.
The formula used in calculating the annual depreciation is (cost - Salvage value) / Useful life. In this formula, "cost" refers to the initial cost of the asset, "Salvage value" is the estimated value of the asset at the end of its useful life, and "Useful life" represents the expected duration over which the asset will be used. By subtracting the Salvage value from the cost and then dividing it by the Useful life, we obtain the amount of depreciation to be allocated annually. This formula assumes a straight-line method of depreciation, where the asset's value decreases evenly over its useful life. The annual depreciation expense is recorded in the company's financial statements to reflect the gradual wear and tear or obsolescence of the asset over time.
learn more about Annual Depreciation here:
https://brainly.com/question/33572525
#SPJ11
(Future value) A new finance book sold 19,000 copies following the first year of its release, and was expected to increase by 24 percent per year. What sales are expected during years two, three, and four? Graph this sales trend and explain how compound growh affects the shape of the sales trend.
a. If the 19,000 coples of book sales following the first year of its release were expected to increase by 24 percent per year, what are the expected sales of the new finance book during year two?
___copies (Round to the nearest whole number.)
The result is approximately 23560 copies (rounded to the nearest whole number). The expected sales of the new finance book during year two can be calculated by increasing the sales of 19,000 copies by 24 percent.
To find the expected sales during year two, we need to calculate the increase in sales from year one. Given that the sales following the first year were 19,000 copies and the expected annual increase is 24 percent, we can use the following formula:
Year two sales = Year one sales × (1 + growth rate)
Year two sales = 19,000 × (1 + 0.24)
Calculating this expression, we find that the expected sales during year two are approximately 23560 copies (rounded to the nearest whole number).
Compound growth affects the shape of the sales trend by accelerating the rate of growth over time. In this case, with a 24 percent annual increase, the sales trend will exhibit exponential growth. Each year, the sales will increase by 24 percent of the previous year's sales, leading to a compounding effect. As a result, the sales trend will become steeper over time, indicating a rapid expansion in book sales. This exponential growth demonstrates the power of compounding and the potential for significant sales growth as time progresses.
Learn more about Compound growth at:
https://brainly.com/question/30489779
#SPJ11
You're given the following assumptions for Company Inc.. Suppose through a comparable company analysis for Company Inc., you determined that the implied P/E ratio is 15.5x. Based on this information, calculate the implied enterprise value of Company Inc..
Company Inc.
Share Price ($/sh.) $196.70
Shares Outstanding (MM) 1,880
Net Debt (Cash) ($MM) $7,452
NTM Revenue ($MM) $73,695
NTM EBITDA ($MM) $39,917
NTM Net Earnings ($MM) $26,520
Review Later
$403,608
$411,060
$418,512
$618,714
Company Inc.'s implied enterprise value, calculated using a P/E ratio of 15.5x and net earnings of $26,520 million, amounts to $411,060 million. Option B.
To calculate the implied enterprise value of Company Inc., we utilize the implied price-to-earnings (P/E) ratio and the net earnings figure. The implied P/E ratio, determined through the comparable company analysis, is 15.5x. The next twelve months' (NTM) net earnings for Company Inc. amount to $26,520 million.
The implied enterprise value is derived by multiplying the implied P/E ratio by the net earnings. Thus, the calculation is as follows: Implied P/E ratio (15.5x) multiplied by NTM net earnings ($26,520 million), resulting in an implied enterprise value of $411,060 million.
This approach estimates the total value of the company, considering both its equity value and debt. By applying the P/E ratio to the net earnings, we can derive an indication of how the market values the overall enterprise, including both equity and debt holders.
Therefore, based on the given assumptions and the comparable company analysis, the implied enterprise value for Company Inc. is $411,060 million. So Option B is correct.
For more question on P/E ratio visit:
https://brainly.com/question/14266928
#SPJ8
how does poverty prevent technological development? Use economic
ideas to provide a detailed explanation 10 sentences with 3 main
points
Poverty hampers technological development due to insufficient investment in research and development, limited access to resources and skilled labor, and low market demand. Scarce financial resources hinder innovation, while a lack of access to capital, technology, and skilled workers constrains progress. Additionally, impoverished communities often exhibit low purchasing power, resulting in weak market demand for advanced technologies. To overcome these barriers, addressing poverty requires targeted policies that promote investment in R&D, improve resource accessibility, enhance education and skills training, and stimulate economic growth to create a favorable environment for technological development.
To know more about economic growth: https://brainly.com/question/12148347
#SPJ11
1. Identify and describe your client, that is, whether you will be adopting the perspective of a) the Frankston City Council, b) the Bayside Shopping Centre (Vicinity), or c) Myer Department stores when developing your project; or d) (if you are based overseas): the type of local department store you will be studying). In a few sentences describe the store and its setting as you would explain it to someone who does not know the context of this project.
2. On the basis of your analysis of the case problem in Assignment 2 brief (as initially explored the previous workshops), develop three achievable research objectives and two hypotheses that you plan to include in the research proposal. (Hint: the research questions need to be framed based on the analytical model of customer satisfaction. You have submitted a draft of it in mini task #2 but you will likely need to update your framework based on your current understanding. The research objectives are refined statements of the research questions and the hypothesis is your proposition regarding the expected characteristic or relationship. If in doubt refer to your textbook and lecture slides of week 2)
3. Explain the type of research design that you propose for this study and provide your justifications for your design selection. (Refer to chapter 5 of your textbook and the lecture slides of week 4)
4. Based on your above selection of a research design, discuss which survey method would be most appropriate to collect data from the respondents by highlighting its advantages over disadvantages.
5. For the measurement of satisfaction as needed for you project, specify
A) What type of measurement scale (i.e., what type of survey question) you propose for collecting data from the respondents; justify your choice of scale types to use.
B) What type of primary measurement level this scale will achieve.
A descriptive research design will be used to identify the factors that contribute to customer satisfaction with Myer department store in Frankston using a Likert scale.
1. I will be adopting the perspective of the Frankston City Council for this project. The Frankston City Council is responsible for the management of the Bayside Shopping Centre, which is home to a Myer department store. The store is located in the heart of Frankston, a suburb of Melbourne, Australia. The store is a popular destination for shoppers from all over the region.
2. Here are the three research objectives and two hypotheses that I plan to include in the research proposal:
Research Objective 1: To identify the factors that contribute to customer satisfaction with Myer department store in Frankston.
Research Objective 2: To determine the level of customer satisfaction with Myer department store in Frankston.
Research Objective 3: To identify areas where Myer department store in Frankston can improve customer satisfaction.
Hypothesis 1: Customers who are satisfied with the product selection at Myer department store in Frankston are more likely to be satisfied with the overall shopping experience.
Hypothesis 2: Customers who are satisfied with the customer service at Myer department store in Frankston are more likely to be satisfied with the overall shopping experience.
3. I propose to use a descriptive research design for this study. A descriptive research design is used to describe the characteristics of a population or a phenomenon. This type of research design is appropriate for this study because it will allow me to identify the factors that contribute to customer satisfaction with Myer department store in Frankston.
4. The most appropriate survey method for collecting data from the respondents is a self-administered survey. A self-administered survey is a survey that is completed by the respondents themselves. This type of survey is appropriate for this study because it is relatively easy to administer and it allows me to collect a large amount of data from a large number of respondents.
The advantages of using a self-administered survey include:
It allows me to collect a large amount of data from a large number of respondents.
The disadvantages of using a self-administered survey include:
The response rate may be low.
The respondents may not understand the questions.
5. For the measurement of satisfaction as needed for my project, I propose to use a Likert scale. A Likert scale is a type of survey question that asks respondents to rate their level of agreement with a statement on a scale of 1 to 5, with 1 being "strongly disagree" and 5 being "strongly agree."
The primary measurement level that this scale will achieve is ordinal. Ordinal measurement means that the data can be ranked in order, but the difference between the ranks is not meaningful. For example, if a respondent rates their satisfaction with Myer department store as a 4, we know that they are more satisfied than a respondent who rated their satisfaction as a 3, but we do not know how much more satisfied they are.
To learn more about customer satisfaction: https://brainly.com/question/32406737
#SPJ11
ABC company produces and selling a single product. The following information relates to their budgeted operations for the 2023 financial year.
Sales
Period
Units
Quarter 1
42 000
Quarter 2
48 000
Quarter 3
33 000
A closing inventory of 15% of the next period’s sales is required. The forecast sales for Quarter 4 are 36 000 units. From the company’s history it was observed that the sales units for Quarter 4 of any year are the same.
The standard material cost of one unit of finished product is:
Cost per Unit produced
N$
Assembly Department (N$ 8 per kilo)
24
Finishing Department (N$ 10 per kilo)
20
REQUIRED:
5.1 Prepare the Direct Material Budget, in hours and in N$, for both Departments for each of the Quarter 1 [8]
Direct Material Budget for Quarter 1:
Assembly Department:
Units to be produced: 42,000 units
Material required per unit: 24 N$
Total material required: 42,000 units * 24 N$ = 1,008,000 N$
Finishing Department:
Units to be produced: 42,000 units
Material required per unit: 20 N$
Total material required: 42,000 units * 20 N$ = 840,000 N$
The direct material budget calculates the quantity and cost of materials required for production. In this case, for Quarter 1, the forecasted sales are 42,000 units. We multiply the units to be produced by the material required per unit to obtain the total material required for each department. For the Assembly Department, the material cost is 24 N$ per unit, resulting in a total material cost of 1,008,000 N$. Similarly, for the Finishing Department, the material cost is 20 N$ per unit, resulting in a total material cost of 840,000 N$.
Learn more about Direct Material Budget here:
https://brainly.com/question/32932032
#SPJ11
Have you ever noticed in your workplaces when HR personnel take for granted when they talk about leaders to be inclusive that leaders know what HR means? If you were not taking this course and your HR department said: "you need to be more inclusive", what would be your thinking?
Yes, it's true that the HR department often takes for granted that the leaders they communicate with understand the term "inclusive." Many times, HR personnel use this term during employee training or in memos to management. However, not every individual in leadership has a clear understanding of what it means to be inclusive.
This is especially true for individuals who have never been in a leadership position or have had limited exposure to diversity and inclusion in the workplace.
If I were not taking this course, and the HR department said to me, "you need to be more inclusive," I would be initially confused about what that meant. I would likely wonder what behaviors I would need to change or what actions I would need to take to meet this expectation.
Depending on how well my HR department explains what inclusive means, I might feel overwhelmed, anxious, or worried that I am doing something wrong.
However, after some clarification or training on what is expected from me, I would try to put into action what I have learned. Being inclusive involves treating all employees with respect and providing them with equal opportunities. As a leader, it is important to foster a culture of diversity and inclusion within the workplace and create a sense of belonging for everyone.
To know more about leadership refer here:
https://brainly.com/question/32010814#
#SPJ11
a(an) ________________ refers to a practice that involves adjusting the geographic parameters or area covered in the community assessment to fit the needs and interests of key stakeholders.
a(an) "community boundary adjustment." refers to a practice that involves adjusting the geographic parameters or area covered in the community assessment to fit the needs and interests of key stakeholders.
A common term used to describe the practice you mentioned is "community boundary adjustment."
It refers to the process of modifying the geographic parameters or boundaries of a community assessment to align with the preferences, needs, or interests of the key stakeholders involved.
This adjustment could involve expanding or contracting the area covered by the assessment to ensure it accurately represents the community being assessed and meets the objectives set forth by the stakeholders.
Learn more about community boundary adjustment from the given link
https://brainly.com/question/31064198
#SPJ11
Make a presentation about SMC Plus Electrolyte Drink that I want
to tread internationally outside of Bangladesh expectation country
Oman, Saudi Arabia, and Kolkata.
SMC Plus is the only electrolyte beverage ever created in Bangladesh that is both scientifically designed and delicious. SMC Plus, which is abundant in vital electrolytes, rapidly reverses dehydration, weariness, and low blood pressure to provide the body the energy and activity it needs.
SMC Plus is currently offered in retail locations in two different Orange and Lemon flavours due to consumer demand. Electrolyte drinks are made up of water, sugar, and electrolytes, typically sodium and potassium. An electrolyte drink's primary function is to aid in rehydration, hence they primarily consist of water. The amount of sugar and electrolytes added depends on the beverage's intended use.
To learn more about SMC Plus , click here.
https://brainly.com/question/31662397
#SPJ4
Sarah had been working as a sales representative in a small, regional office of a big, national company for several years and was very successful. Her boss, Robert, repeatedly told her that she was next in line for a promotion to sales manager when the current manager, Anthony, retired. Robert was a very trustworthy boss, and had assured Sarah that her future with the company was bright. A week ago, Anthony told his coworkers that he was retiring. Today, Robert asked Sarah to meet him in his office at 11AM. Before going to the meeting, Sarah said to her friend Dana, "Get ready to celebrate tonight. When I come out of Robert's office, we're going to have a good reason to!" Sarah has a belief system about promotions at her company, which has led to an assumption.
Select the true statement about belief systems or assumptions.
a. An assumption is a combination of beliefs that forms an individual's worldview.
b. An assumption is an individual's mental sense of right and wrong.
c. The beliefs within an individual's belief system are non-contradictory.
d. It's easier to change one's belief system than to add new beliefs to the existing system.
In his meeting with Sarah, Robert said, "Sarah, I have some bad news. i know I more or Less promised you the sales manager position when Anthony retired, but last month the company completely revised the requirements for promotions. I think that, without a doubt, you're the best person for the job, but according to the company's new requirements, you'd have to either work for us for three more years or have the best sales year ever next year to get the job. So a transfer from another office is taking the sales manager job." Sarah looked crestfallen. When she'd stepped into the office, she'd been ready to celebrate, but now she was crushed. "Isn't there anything we can do to change this?" she asked. "I really thought I deserved the promotion." Robert paused and thought about what to say before replying, "Sarah, I want to make something clear. I think that you are the right person for the job, and I spent the whole weekend trying to decide if I should challenge the company on this. I reviewed all your sales figures, your performance evaluations, and your skills. I thought about who I knew at the home office who might go to bat for you as a favor to me. I stared at my list of pros and cons all Sunday night. At the end, I had to conclude that we won't win if we fight this, and it might even backfire and hurt both our reputations with the company. I still want to fight it, but I know that's a poor decision. I'm sorry, but I can't give you the job or try to change the new rules."
Select the statement from Robert that illustrates the cost/benefit analysis he preformed to determine whether or not he would fight for Sarah's promotion.
a. "I know I more or less promised you the sales manager position when Anthony retired, but last month the company completely revised the requirements for promotion."
b. "I think that, without a doubt, you're the best person for the job..."
c. "I'm sorry, but I can't give you the job or try to change the new rules."
d. "We won't win if we fight this, and it might even backfire and hurt both our reputations with the company."
After Robert told Sarah that she was not getting the promotion to sales manager, Sarah asked for a minute to compose herself. She left Robert's office, and went to the restroom. She breathed deeply several times, splashed her face with water, and then said to herself, "It's not Robert's fault. He's never lied to me in the past, so he's probably telling the truth now. He's not the one I should be angry at. He's not the one who made the decision on the job. But I really wish he had stood up for me." Sarah returned to Robert's office, and said, "Obviously l'm really disappointed and upset by this. Can we meet again tomorrow to talk about the situation when l'm a bit calmer?" Robert replied, "Sure. Why don't you take the rest of the day off? Do something nice and relax. Tomorrow we can try to make a plan."
In addition to the adrenaline-controlling behaviors Sarah used, what other technique would have been appropriate to reduce her fight/flight reaction?
a. Scolding herself for feeling upset
b. Yelling at Robert to relieve her initial anger
c. Counting to 100 at a slow, easy pace
d. Remaining silent for the rest of the day
a. An assumption is a combination of beliefs that forms an individual's worldview.
d. "We won't win if we fight this, and it might even backfire and hurt both our reputations with the company."
c. Counting to 100 at a slow, easy pace
This statement is true. An assumption is a belief or proposition that is taken for granted without any proof or evidence. It is often formed by combining multiple beliefs, values, and perceptions to create an individual's worldview or perspective on a particular subject or situation.
In this statement, Robert is considering the potential costs and benefits of challenging the company's decision. He has weighed the pros and cons, including the likelihood of success and the potential negative consequences such as damaging their reputations. This indicates that Robert has performed a cost/benefit analysis to determine whether or not to fight for Sarah's promotion.
Counting to 100 at a slow, easy pace is an effective technique to reduce the fight/flight reaction. It helps regulate breathing, promote relaxation, and shift focus away from the immediate stressor. By counting slowly and calmly, Sarah can engage her cognitive processes and activate the parasympathetic nervous system, which can help her calm down and regain composure in a stressful situation. This technique promotes emotional self-regulation and allows for a clearer and more rational mindset when addressing the situation.
In conclusion, an assumption is a combination of beliefs that forms an individual's worldview. Robert's statement about not winning if they fight and the potential harm to their reputations demonstrates his cost/benefit analysis. Sarah, in addition to adrenaline-controlling behaviors, could have used the technique of counting to 100 at a slow, easy pace to further reduce her fight/flight reaction.
To know more about company, visit
https://brainly.com/question/6528766
#SPJ11
What are the steps for an inter company elimination?
Let's assume a corporation with 4 entities, entitiy A, B, C, D. Each entity has a receivable and payable account to each of the other entities.
How would you utilize an elimination account to eliminate the inter company balances. Please explain in detail.
The steps for intercompany elimination involve identifying and consolidating intercompany balances, which include intercompany receivables and payables between entities.
1. Identify intercompany balances: Determine the intercompany receivables and payables between the entities. These are amounts owed by one entity to another within the corporation.
2. Create an elimination account: Set up an elimination account on the consolidated financial statements. This account is used to record the elimination entries for intercompany transactions.
3. Eliminate intercompany payables: Debit the payable account of the entity that owes the amount and credit the elimination account. This reduces the payable on the books of one entity and records the elimination of the corresponding liability in the consolidation process.
4. Eliminate intercompany receivables: Credit the receivable account of the entity that is owed the amount and debit the elimination account. This reduces the receivable on the books of one entity and records the elimination of the corresponding asset in the consolidation process.
5. Net the elimination account: Calculate the net balance in the elimination account. If there is a debit balance, it represents a net payable, and if there is a credit balance, it represents a net receivable between entities.
6. Offset the net balance: Offset the net balance in the elimination account against the corresponding receivables or payables in the consolidated financial statements. This ensures that intercompany transactions do not affect the consolidated financial statements.
By following these steps, intercompany balances are effectively eliminated, resulting in accurate and consolidated financial statements that reflect only the external transactions and avoid double counting of transactions between entities.
Learn more about entities here: brainly.com/question/28249503
#SPJ11
Answer the problem based on the framework of Modigliani and Miller Propositions. Assume that a company has earnings before interest and taxes (EBIT) of $20,000,000 every year forever. The firm also has perpetual bonds with the market value of $30,000,000. The before-tax cost of debt is 7 percent. The firm's unlevered cost of capital is 15 percent. The tax rate is 25 percent. a) Find the value of the levered firm (value of the firm with debt). b) Find the value of equity. c) Find the firm's cost of equity. d) Find the firm's weighted average cost of capital.
a) The value of the levered firm is $75,000,000.
b) The value of equity is $45,000,000.
c) The firm's cost of equity is 20%.
d) The firm's weighted average cost of capital is 12%.
a) According to Modigliani and Miller Propositions, the value of the levered firm is the sum of the value of debt and the value of equity. In this case, the value of the levered firm is $30,000,000 (value of debt) + $45,000,000 (value of equity) = $75,000,000.
b) The value of equity can be calculated as the difference between the value of the levered firm and the value of debt. In this case, the value of equity is $75,000,000 - $30,000,000 = $45,000,000.
c) The firm's cost of equity can be determined using the unlevered cost of capital and the cost of debt. The cost of equity is equal to the unlevered cost of capital plus the difference between the cost of debt and the tax rate times the debt-to-equity ratio. In this case, the cost of equity is 15% + (7% - 25% * 7%) * ($30,000,000 / $45,000,000) = 20%.
d) The weighted average cost of capital (WACC) is the weighted average of the cost of debt and the cost of equity, based on the respective proportions of debt and equity in the capital structure. In this case, the WACC is (7% * $30,000,000 + 20% * $45,000,000) / ($30,000,000 + $45,000,000) = 12%.
Learn more about cost here:
https://brainly.com/question/32961479
#SPJ11
If one applies the principle of utility, one MUST NOT
Select one:
a. Carefully deliberate on the long term consequences of an action.
b. Evaluate carefully how all those affected by the action are harmed and benefitted.
c. Apply criteria of harm and benefit in evaluating the rightness or wrongness of an action.
d. Consider personal harms and benefits more important than how the harms and benefits of others affected by the action.
e. Choose the course of action that produces the best overall consequences.
If one applies the principle of utility, one must choose the course of action that produces the best overall consequences.
This means carefully evaluating how all those affected by the action are harmed and benefited, and applying criteria of harm and benefit to determine the rightness or wrongness of the action. It also involves considering the long-term consequences of an action and not prioritizing personal harms and benefits over those of others affected by the action. By focusing on maximizing overall utility, the principle of utility guides decision-making towards actions that lead to the greatest overall well-being.
Learn more about the principle of utility here:
https://brainly.com/question/30397143
#SPJ11
Which of the following funds ensures that an undue burden is NOT placed on an employer who hires an already seriously injured person?
A. The Uninsured Employers Fund.
B. The Unsatisfied Claims and Judgement Fund.
C. The Second Injury Fund.
D. The Insurance Guarantee Fund.
The fund that ensures an undue burden is not placed on an The fund that ensures an undue burden is not placed on an employer who hires an already seriously injured person is the Second Injury Fund (option C).
The Second Injury Fund is designed to protect employers from shouldering the entire financial responsibility when hiring individuals who have pre-existing disabilities or injuries. It provides additional compensation and assistance to employers who hire individuals with prior impairments and subsequently experience new work-related injuries. The purpose of the fund is to encourage employers to hire and retain individuals with disabilities without fear of incurring excessive costs or liabilities. By providing financial support, the Second Injury Fund helps mitigate the potential burden on employers and promotes inclusivity in the workforce.
On the other hand, the Uninsured Employers Fund (option A) typically addresses situations where an employer fails to carry workers' compensation insurance. The Unsatisfied Claims and Judgment Fund (option B) helps compensate individuals who have obtained judgments against uninsured or insolvent employers. The Insurance Guarantee Fund (option D) provides protection to policyholders in case an insurance company becomes insolvent. While these funds serve important purposes, they do not specifically address the concern of hiring already seriously injured individuals and relieving the burden on the employer in that context. who hires an already seriously injured person is the Second Injury Fund (option C).
Learn more about employer here: brainly.com/question/32247292
#SPJ11