The pay ratio reporting policy, as part of the Dodd-Frank wall street reform and consumer protection act of 2010, requires that companies report the ratio of their average worker's pay to that of Consumer Financial Protection Bureau.
The Consumer Protection Act was enacted in 1986 and amended in 2002. It is designed to protect consumers from unfair and deceptive business practices. The Act prohibits unfair or deceptive acts or practices in the conduct of any trade or commerce.
It also gives the Federal Trade Commission (FTC) authority to take action against companies that engage in such practices. The FTC can. for example, order a company to cease and desist from an unfair or deceptive practice, impose a civil penalty, or seek injunctive relief.
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persuasive claim or complaint messages may involve damaged products, mistaken billing, inaccurate shipments, warranty problems, limited return policies, insurance snafus, or faulty merchandise. t/f
Persuasive claim or complaint messages may involve damaged products, mistaken billing, etc. - True
Customers typically make persuasive claims or complaint messages when they have problems like damaged items, incorrect deliveries, or any other errors that may be the fault of the company in the issue. Thus, a persuasive claim or complaint message involves a damaged product, mistaken billing, inaccurate shipment, or warranty problem. It is important to use clear and concise language that effectively communicates the issue and the desired outcome.
One should begin the message by stating the issue and providing any relevant details or evidence to support their claim. The effect of the issue and why it needs to be resolved must also be stated. The persuasive claim message should be concluded by reiterating the main points of the argument and expressing willingness to work with the recipient to resolve the issue.
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The U.S. dollar is currently trading for 1.10 Australian dollars (AUD) per dollar. If the exchange rate adjusts to 1 Australian dollar per 1 U.S. dollar thenthe AUD has depreciated.the U.S. dollar has appreciated.the U.S. dollar has depreciated.both the AUD and the U.S. dollar have appreciated.both the AUD and the U.S. dollar have depreciated.
If the exchange rate adjusts to 1 Australian dollar per 1 U.S. dollar then c) the U.S. dollar has depreciated.
Increased exports from the United States are more likely to result from the dollar's depreciation. The reason for this is that when a currency depreciates, domestic goods are more in demand abroad since they are now more affordable there.
When referring to the U.S. dollar, currency depreciation is a drop in the value of the dollar in comparison to other currencies.
The Fed's loose monetary policy can cause investment capital to leave the United States in quest of higher yields, which will devalue the dollar. Investors may move their capital to alternative markets as a result of declining company profitability and economic growth.
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Answer:
the U.S. dollar has depreciated.
Explanation:
if squid roe inc.'s p/e ratio is 12 and bagel's is 20, then investors expect blank . multiple choice question. bagel's stock price to fall squid roe's earnings to increase at a slower rate than its price bagel's earnings to grow at a faster rate than squid roe's squid roe's stock price to fall
if squid roe inc.'s p/e ratio is 12 and bagel's is 20, then investors expect Bank overdrafts may be offset against other cash accounts when certain conditions are met.
How Does an Overdraft Work?When a transaction or withdrawal is authorised by the bank even if there isn't enough money in the account to support it, this is known as an overdraft. The financial institution essentially extends credit when an account balance reaches zero. Even if there are no funds in the account or not enough cash to meet the withdrawal amount, the overdraft facility enables the account user to make additional withdrawals.
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these advances in travel and transport helped drive settlement in the western regions of north america
These railroad and steam-powered locomotive advances in travel and transport helped drive settlement in the western regions of North America.
A locomotive is a rail transport vehicle that provides the motive power for a train. If a locomotive is capable of carrying a payload, it is usually rather referred to as a many units.
America's economic transformation in the early was lined to dramatic change in transportation networks. Construction of roads, canals and railroads led to the expansion of markets, facilitated the movement of peoples and altered the physical landscape.
Railroads became a major industry, stimulating other heavy industries such as iron and steel production.
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which of the following would not be considered personal property under a typical homeowner's insurance policy?
House and other structures will not be considered as personal property under a typical homeowner's insurance policy. Hence, option (b) is the relevant answer choice.
Give a brief account on Homeowner's insurance.Home insurance, often known as homeowner's insurance or commonly referred to as HOI in the US real estate sector, is a category of property insurance that protects a private residence. It is an insurance policy that combines different types of personal insurance coverage, such as losses to one's home, its contents, loss of use (additional living costs), loss of other personal belongings of the homeowner, and liability insurance for accidents that may occur at the home or at the hands of the homeowner within the policy's coverage area.
Homeowner's insurance also offers financial security from disasters. The home and the belongings inside are both covered by a typical home insurance policy.
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a company needs a way to convert 10 years of shipping records currently on paper into files that can be saved to its private cloud storage. t/f
A business requires a method to transform 10 years' worth of shipping records that are currently on paper into files that can be uploaded to its personal cloud storage. Hence, the given statement is true.
A data deposit paradigm known as "cloud storage" is one in which digital data, including documents, images, and other types of media, is kept on virtual or cloud servers that are maintained by outside parties.
One can move data and access it whenever they need to using an offsite storage system. Private cloud storage is often referred to as internal or business cloud storage. In this situation, the intranet of the business or organisation houses the data.
The organization's firewall safeguards this information. For businesses with pricey data centres and internal data privacy management capabilities, private cloud storage is a fantastic alternative.
Therefore, the given statement is true.
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a taxpayer should include which of the following when figuring their federal gross income? commissions. federal income tax refunds. gifts and inheritances. alimony after 12/31/18.
A taxpayer should include federal income tax refunds when figuring their federal gross income.
Though federal income tax refunds are not required by law, the IRS does encourage taxpayers to claim them. A tax refund is simply money that is owed to the taxpayer by the government. Taxpayers can receive refunds for overpaid taxes, underpaid taxes, and even taxes that were never owed in the first place.
While most taxpayers are eager to receive their refunds, there are some who would rather not receive one. This is because a tax refund means that the taxpayer has overpaid their taxes for the year and essentially gave the government an interest-free loan.
Hence, the correct option is "SECOND".
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A linear regression to estimate the relation between General Motors' stock returns and the market's return gives the best-fitting line that represents the relation between the stock and the market. The slope of this line is our estimate of ________. 87) A) risk-free rate B) alpha C) beta D) volatility
As the slope of the line is between General Motors' stock returns and the market's return, the slope of this line is the estimate of C) beta.
In the field of business, when two variables are studied together in order to know how one variable affects the other variable in a business, then such a type of analysis is referred to as linear regression.
In the regression analysis, the beta can be described as a standard coefficient that shows the best line in the analysis that can be made when two variables are compared.
In the question above, the relation between the general motor's stock and the return is being studied. The line in regression analysis that will be the best fitting based on these two variables will be the representation or estimation of the beta value. Hence, the correct option is C) beta.
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TRUE/FALSE. amortization is the amount by which intangible assets like goodwill, patents, license, copyrights, and trademarks are written down in any period that they are utilized by the firm to generate benefits
False, amortization is the amount by which intangible assets like goodwill, patents, license, copyrights, and trademarks are written down in any period that they are utilized by the firm to generate benefits.
Why do you use the term "amortization"?
Amortization is the process of repaying a debt in a series of regular payments. Each payment has a principle portion that goes toward the loan balance and an interest portion. The amount allocated toward principle increases steadily month by month as the debt amortizes, starting out little at first.
How Is a Loan Amortized?
Calculating the monthly payment due throughout the loan's life is how a loan is amortized. The next step is to create an amortization plan that specifies exactly how much of each monthly payment goes toward principle and how much goes toward interest.
The amount of interest paid each month will decrease since a portion of the payment will presumably be used to reduce the remaining principle debt. Since your payment should ideally remain constant each month, more of it will go toward principle each month, thereby reducing the amount you borrowed.
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Assume that the operation of your business resulted in sales of $730,000 last year. Year-end receivables are $100,000. You are considering factoring the receivables to raise cash to help fi- nance your venture’s growth. The factor imposes a 7 percent discount and charges an additional 1 per- cent for each expected ten-day average collection period over thirty days.
Estimate the dollar amount you would receive from the factor for your receivables if the collection period were thirty days or less.
Estimate the dollar amount you would receive from the factor for your receivables if the average col- lection period were sixty days.
Show how your answer in Part B would change if the factor charges an 8 percent discount and charges an additional 0.5 percent for each expected fifteen-day average collection period over thirty days.
If the $730,000 in sales last year were evenly distributed throughout the year, an average $100,000 in receivables outstanding would imply what average collection period? Given the original terms stated in the problem, what dollar amount would you expect to receive for your receivables?
It plays a crucial role in determining the Accounts Receivable Turnover. It is calculated by dividing the sum of the starting and ending balances of the accounts receivable by 2.
The average accounts receivable is calculated by dividing the beginning and ending receivables over a specified time period (typically monthly, quarterly, or annually) by two. The accounts receivable turnover ratio is used to forecast the balance sheet in financial modeling.
What is a good ratio for accounts receivable?
Companies should aim for a ratio of at least 1.0 to ensure that they collect the full amount of average accounts receivable at least once per period. In general, a higher accounts receivable turnover ratio is advantageous.
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2. the results of a study conducted as part of a yield-improvement effort at a semi-conductor manufacturing facility of a supplier to ford provided data on two quality control approaches. the data are on the tab defects. do the two approaches obtain equal quality output. (15 points)
The null hypothesis can be rejected at an alpha level of 0.05, and you can conclude that there is a relationship between the presence of particles and the quality of the wafer.
To determine if there is a relationship between the presence of particles and the quality of the wafer, you can use a chi-square test of independence. The null hypothesis for this test is that there is no relationship between the presence of particles and the quality of the wafer. The alternate hypothesis is that there is a relationship between the two variables.
Once you have calculated the expected counts, you can then calculate the chi-square statistic using the following formula:
chi-square = sum((observed count - expected count)^2 / expected count)
Plugging in the observed and expected counts from the contingency table, you get:
chi-square = (14 - 148)^2 / 148 + (36 - 186)^2 / 186 + (320 - 186)^2 / 186 + (80 - 148)^2 / 148
= 134^2 / 148 + 150^2 / 186 + 134^2 / 186 + 68^2 / 148
= 18156 / 148 + 22500 / 186 + 18156 / 186 + 4624 / 148
= 122.61
Next, you will need to determine the degrees of freedom for the test. In this case, the degrees of freedom is equal to (number of rows - 1) * (number of columns - 1) = (2 - 1) * (2 - 1) = 1.
Finally, you can use a chi-square table or a chi-square calculator to determine the p-value for your test. If the p-value is less than the alpha level you have chosen (in this case, 0.05), you can reject the null hypothesis and conclude that there is a relationship between the presence of particles and the quality of the wafer.
The complete question is shown below.
The results of a study conducted as part of a yield-improvement effort at a semiconductor manufacturing facility provided defect data for a sample of 450 wafers. The following contingency table presents a summary of the responses to two questions: "Was a particle found on the die that produced the wafer?" and "Is the wafer good or bad?" Use an alpha of 0.05. Quality of Wafer Bad Particles Good Totals Yes 14 36 50 No 320 80 400 Totals 334 116 450. show main answer and calculation
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leadership concept is defined as leadership that focuses on creating organizational change, particularly a new mission, strategy, or culture
Management idea is described as management that specializes in growing organizational extrade, specially a brand new mission, strategy, or culture Transformational management.
The required details about Transformational management is mentioned in below paragraph.
Transformational management is described as a management technique that reasons extrade in people and social systems. In its perfect form, it creates treasured and nice extrade withinside the fans with the cease aim of growing fans into leaders.The transformational management technique encourages, inspires, and motivates personnel to innovate and create the extrade vital to form the destiny achievement of the company. This is carried out through placing an instance on the govt degree via authenticity, a sturdy experience of company culture, worker ownership, and independence withinside the workplace. Transformational leaders are extrade agents withinside the business, who can discover progressive and transferring traits in technology, after which assist the business enterprise include that extrade.
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The primary goal behind consolidating financial statements of a controlled subsidiary is? A) assuring that the subsidiary financial statements are the same under the temporal method or the current rate method.
B) assuring that the individual nature of the subsidiary entity is not lost in the consolidation.
C) representing the conversion of statements at the historical exchange rate.
D) representing the company's underlying economic condition.
The primary goal behind consolidating financial statements of a controlled subsidiary is representing the company's underlying economic condition.
A legal entity, also called a "Co.", is a type of legal entity that represents a collection of persons who may be an individual, a legal entity, or a combination of both. To achieve a specific goal, company members work together towards her one goal.
A legal entity may be incorporated as a legal entity to limit its liability if a member fails to perform or perform its obligations under the Incorporation or Disclosure Policy. After closing a business, it may be essential to liquidate the business to settle outstanding debts.
Hence the correct answer is D
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antitrust enforcement of vertical relationships is generally focused on preventing: group of answer choices dominant firms using vertical contracts to extend market power to other levels of the supply chain vertical contracts that increase the intensity of competition vertical contracts that reduce costs all of the above both a
The correct answer is A and C
The antitrust enforcement of vertical relationships was typically focused on lowering competition among the firms and the price war (changing the price when another firm changes the price) and that could be able to reduce costs.
Vertical relationships are used by dominant companies to extend their marketing influence to other supply chain levels.
The businesses will agree to the terms and conditions without there being any competition. Some businesses might rely on one sector while using another.
Choice b
Vertical agreements that up the level of competition
This choice is incorrect. Antitrust vertical relationships were primarily concerned with enhancing the likelihood of agreement and limiting competition between the firms.
Choice c
Vertical agreements that cut costs.
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percentage returns: i. are easy to understand. ii. relay information about a security more easily than dollar returns do. iii. are not affected by the amount of the investment. iv. can be easily separated into dividend yield and capital gain yield.
Percentage returns are easy to understand, relays information about a security more easily than dollar returns do, are not affected by the amount of the investment and can be easily separated into dividend yield and capital gain yield. Therefore, option (e) is the correct answer.
The net gain or loss of an investment over a given time period, stated as a percentage of the investment's starting cost, is known as a rate of return (RoR). We determine the percentage change from the start of the period to the end when computing the rate of return.
Any type of investment instrument, including real estate, bonds, equities, and fine art, can be subject to a rate of return (RoR). Any asset can be used with the RoR as long as it is purchased once and generates cash flow at some point in the future. The attractiveness of various investments can be determined, in part, by comparing their historical rates of return to those of comparable assets. A needed rate of return is frequently chosen by investors before making an investment decision.
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Complete question:
Percentage returns:
I. are easy to understand.
II. relay information about a security more easily than dollar returns do.
III. are not affected by the amount of the investment.
IV. can be easily separated into dividend yield and capital gain yield.
A. II and III only
B. I and III only
C. I, II, and III only
D. I, II, and IV only
E. I, II, III, and IV
which of the following is not a key direct benefit from effective internal or external scheduling? group of answer choices lower cost greater use of assets higher quality more dependable delivery added flexibility
The following is not a key direct benefit of effective internal or external scheduling added flexibility. Option D.
Effective scheduling internally means moving goods and services through facilities faster and making better use of assets. The result is more capacity per dollar invested, leading to lower costs. The focus is on staffing rather than supplies.
Due to the importance of work in planning services behavioral and social issues, wage and hour laws and union contracts complicate the planning process. First, peptides are fragmented, followed by sequencing and assembly of peptide fragments.
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When agents do not act in the best interest of their principals, the cost is borne by which of the following? a. Only the agent b. Only the principal c. Both the principal and agent d. There is no cost of an agent not acting on behalf of their principal.
When agents do not act in the best interest of their principals, the cost is borne by both the principal and agent.
A person who has been given the authority to act on behalf of another person or entity is referred to as an agent in the legal community. A customer may hire an agent to act on their behalf in discussions and other interactions with third parties. A decision-making role for the agent is conceivable.
Lawyers who represent their clients in court and stockbrokers who are employed by investors to help them make investment decisions are two frequent sorts of agents. In these cases, the agent's principal is the person being represented by the agent. It is a term used in finance to describe a fiduciary relationship when an agent is given permission to act on behalf of and in the best interests of the client.
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in the face of a flattening growth rate and dropping profitability, one of the tools pitney bowes turned to was a(n) to hold on to its best customers and create a better relationship with other customers by giving members discounts and incentives for frequent patronage.
In the face of a flattening growth rate and dropping profitability, one of the tools Pitney Bowes turned to was a(n) loyalty program to hold on to its best customers and create a better relationship with other customers by giving members discounts and incentives for frequent patronage.
A loyalty/reward program refers to prizes, limits and different motivations that organizations give to their clients as craft of an procedure to urge them to keep purchasing their items or administrations. Three key viewpoints that an organization should consider while fostering an effective loyalty/reward program are:
Exclusivity on the grounds that the client needs to feel that it is extraordinary to be essential for the program and not that everybody gets similar advantages as the program will not offer any benefit for the client.Client knowledge since you want to comprehend your clients to ensure that the program would be applicable to them by speaking to their requirements and wants.Commitment to the brand since you need to put forth certain that every one of the attempts support your image as that is your picture and the motivators offered need to offer some benefit to it.Know more about Loyalty Programs - https://brainly.com/question/17087458
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The pricing technique used to determine the number of products that must be sold at a specified price to generate enough revenue to cover total cost is known as _____ analysis.
a. cost-plus
b. marginal
c. breakeven
d. incremental-cost
Cost-plus pricing is a method of determining a product's selling price by increasing the unit cost of the product by a predetermined set percentage (referred to as a "markup").
the markup % is a strategy for achieving a specific targeted rate of return. Value-based pricing is an alternative pricing strategy. Cost-plus pricing has frequently been applied to government contracts (also known as cost-plus contracts), but it has come under fire for decreasing suppliers' incentives to manage direct costs, indirect costs, and fixed costs, whether or not they are connected to the creation and sale of the good or service. To guarantee they have a thorough picture of their overall expenditures, businesses implementing this technique need to meticulously document all of their costs.
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To immunize your portfolio, you should: A. avoid callable bonds. B. match bond maturity dates to your target dates. C. match bond durations to your target dates D. purchase only par value bonds E, purchase only high-coupon bonds
Bond durations should be matched to your target dates in order to immunize your portfolio. A bond is less likely to be volatile the shorter its duration is.
How long do bonds have ratings?
The length of the bond can be used to estimate how much a change in interest rates will likely impact bond prices. To be more specific, bond duration is a measure of interest rate risk. Understanding bond length helps investors determine how bonds fit into a bigger investment portfolio.
How do the length and maturity of bonds compare?
Duration is not the same as a bond's maturity date even if it is measured in years. Having stated that, the issue date and maturity date of a bond are crucial components in calculating duration
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owing to corporate pressure to maximize profits, publishing houses are committing significant resources to which of the following?
Significant resources:
1. attracting superstar writers
2. publishing blockbuster books
What is Corporation?
Corporations are legal entities whose owners are its shareholders, who choose a board of directors to manage the organization's operations. The corporation, not the shareholders, is responsible for the operations and financial health of the company.
The goal of a corporation is to run a legal, moral, successful, and sustainable business in order to create value through time, which necessitates taking important stakeholders into account (shareholders, employees, customers, suppliers, creditors and communities)
Legally speaking, a company is an independent and distinct entity from its owners. Many of the same legal rights and obligations apply to corporations as they do to people.
Limited liability is a crucial component of a corporation, which ensures that its shareholders are not personally liable for the company's obligations.
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Which of the following sets human service policy in Texas for those agencies that administer such policy?
The agency that sets human service policy in Texas is: The commissioner of Health and Human Services
The commissioner of Health and Human Services acts as the main advisor for all matters related to health and social services in Texas. The decisions that the commissioner made will influence how medical institutions and helath care workers should do their work in their day to day basis.
The commissioner does not have the power to "create" the human service policy. They only have the power to "Advise" the Government of Texas to pass the policy. But, since the members of the commissioner are often well-known experts in their field, the advice that they gave carries a lot of weight in influencing the decision.
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in considering purchasing products, what are some good guidelines to follow? choose all that apply. group of answer choices it is okay to max out your credit card if it is something you want but don't need. make sure you know what the final price will be, including any extended warranty plans and fees. get opinions from friends and relatives who have bought similar products. don't travel far to save a few cents on the exact same product. shop around comparing different deals for the same item. if you think the price is lower, but it rings up higher --too bad! carefully read and make sure you understand any contract you sign. buy when you want to, even if it is a bad time financially because of debt. any deal advertised on the internet or tv is a good deal. make sure you know the policies for returns and refunds.
No interest or fees are assessed on credit cards.
If you have no money left over for emergencies, that is not good.
Which factor most influences a customer's decision to purchase a certain good?When buying a new product, buyers are primarily motivated by seven fundamental variables. Along with security, FOMO, identity and belonging, pricing, peer recommendations, obligation, anxiety, price, and enjoyment, our motivations also include necessity and convenience.
What is the most effective credit card use method to prevent paying high interest rates?Every month, pay off your balance.
By paying the entire balance each billing cycle, you can avoid incurring interest on your credit card transactions. You'll enjoy the benefits more if you resist the urge to spend more than you can afford to each month.
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an impairment loss for intangible assets with indefinite lives is calculated as the book value less the
An impairment loss for intangible assets with indefinite lives is calculated as the book value less the Fair value.
Intangible assets are the sources a business owns that cannot be moved, like a system, or deal with, like bodily property. those intangible properties consist of goodwill, patents, logos, copyrights, and greater. They preserve lots of price on your business, even though they are not physical objects you could contact.
An intangible asset does no longer have a physical lifestyle however it possesses an economic value. It occupies an essential position within the company's stability sheet and may shore up its basic valuations for a long time. A tangible asset has a finite fee and a physical life.
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Expansionary monetary policy can have immediate real short-run effects; initially, no prices have adjusted. But as prices adjust in the long run:a. the real impact of monetary policy is multiplied.b. the real impact of monetary policy is unknown.c. the real impact of monetary policy is cut in half.d. the real impact of monetary policy is negative.e. the real impact of monetary policy dissipates completely.
Expansionary monetary policy can have immediate real short-run effects; initially, no prices have adjusted. But as prices adjust in the long run, the real impact of monetary policy dissipates completely. The Option E is correct.
What is achieved with an expansionary monetary policy?An expansionary monetary policy is also known as a loose monetary policy, which helps to increases the supply of money and credit to generate economic growth. A central bank usually deploy an expansionist monetary policy to reduce the unemployment and boost growth during hard economic times.
Generally, the Federal Reserve has 3 expansionary monetary policy methods including lowering interest rates, decreasing banks' reserve requirements and buying of government securities.
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Which of the following is not a requirement of the Drug-Free Workplace Act imposed on all companies that do more than $25,000 worth of business with the federal government?
Test new employees for possible drug use is not a requirement of the Drug-Free Workplace Act imposed on all companies that do more than $25,000 worth of business with the federal government.
Give a brief account on Drug-Free Workplace Act .The Drug-Free Workplace Act of 1988 is a law of the United States that stipulates that all recipients of federal grants and some federal contractors must agree to maintain drug-free workplaces as a condition of receiving a grant or contract from a federal agency. Although all covered contractors and grantees are required to maintain a drug-free workplace, whether the contractor or grantee is an individual or an organization affects the exact components, things must exist in order to adhere to the Act. Organizations are subject to more stringent rules than individuals because they must implement substantial, systematic measures to create a drug-free workplace.
Prior to the Drug Free Workplace Act, there was no federal law that employers could rely on to compel drug tests or impose sanctions on employees who used drugs, which forced employers to create their own rules prohibiting drug use.
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The management of River Corporation is considering the purchase of a new machine costing $380,000. The company's desired rate of return is 6%. The present value factor for an annuity of $1 at interest of 6% for 5 years is 4.212. In addition to the foregoing information, use the following data in determining the acceptability of this investment: The cash payback period for this investment is O 5 years O 4 years O 3 years O 20 years
The cash payback period for this investment is 4 years
How is the time frame for cash payback determined?To find the payback period, divide the investment amount by the annual cash flow. Account and fund managers take the payback period into account when determining whether to move further with an investment.
What is a payback period?The payback period in capital budgeting is the length of time it takes for your company to recover the cost of acquiring one customer. The payback period, for instance, is 13.9 months for a customer who costs $350 to acquire and contributes $25 monthly or $300 year.
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the labor markets in some countries outside the united states are attractive because____ .
Because of they may offer workers with high skills they may offer low wages, some non-American countries' labor markets are desirable.
Low-paid workers are primarily benefited by an increase in the minimum wage because they are the ones most likely to reinvest their extra income into the economy, sparking a positive feedback loop that results in increased demand for goods and services, employment growth, and higher productivity.
Low-level employees typically carry out decisions that upper-level employees make and implement. The people who put together goods, provide food, and deal with customers are low-level workers. Although they are paid the least, low-level workers are crucial to the success of an organization.
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How to create solid teamwork?
There are a few key strategies that can help to create solid teamwork:
Communicate effectively: Good communication is crucial for effective teamwork. Encourage open and honest communication, and make sure that everyone feels comfortable sharing their ideas and concerns.Set clear goals: It's important to have a clear understanding of what needs to be accomplished and how it will be achieved. Make sure that everyone is on the same page and that everyone understands their role in the team.Encourage collaboration: Encourage team members to work together and share ideas. This can help to foster a sense of teamwork and build strong relationships among team members.Provide support and resources: Make sure that team members have the support and resources they need to be successful. This can include access to necessary training, equipment, or other resources.Foster a positive team culture: A positive team culture can help to create a sense of cohesion and encourage teamwork. Encourage team members to be respectful, supportive, and inclusive of one another.Recognize and reward contributions: Recognizing and rewarding the contributions of team members can help to foster a sense of teamwork and encourage collaboration. This can include formal recognition, such as awards or promotions, or more informal gestures, such as expressing appreciation or gratitude.Joe Henry's machine shop uses 2470 brackets during the course of a year. these brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: Annual Demand: 2470 Holding Cost per bracket per year: $1.30 Order cost per order: $18.75 Lead Time: 2 days Working days per year: 250 a.) Given the above information, what would be the economic order quantity (EOQ)? b.) Given the EOQ, what would be the average inventory? What would be the annual inventory holding cost? c.) Given the EOQ, how many orders would be made each year? What would be the annual order cost? d.) Given the EOQ, what is the total annual cost of managing the inventory? e.) What is the time between orders? f.) What is the reorder point (ROP)
Based on the factual information provided on Joe's Machine Shop, we calculated the following answers to the five questions.
a.) The economic order quantity (EOQ) for the brackets is 767.
b.) The average inventory for the brackets would be 383.5 and the annual inventory holding cost would be $492.45.
c.) The number of orders that would be made each year would be 4, and the annual order cost would be $75.00.
d.) The total annual cost of managing the inventory would be $567.45.
e.) The time between orders would be 62.5 days.
f.) The reorder point (ROP) for the brackets would be 767.
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