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2 years ago

A clause in a labor contract that required workers to be members of the union before being hired was known as a(n):

1 answer:

5 0

Closed-shop agreement; clause in a labor-management agreement that specified workers had to be members of a union before being hired (was outlawed by the Taft-Hartley act in 1947)

About closed-shop agreement:

In union-management relations, a closed shop is an agreement whereby an employer commits to exclusively hire—and keep in employment—people who are trade union members in good standing. Such an arrangement is made in accordance with the provisions of a work contract.

The Taft-Hartley Act of 1947 declared closed shops to be unlawful in the United States, although they still exist in actuality; they are just not mentioned in contracts. Employers who depend on unions for hiring do so.

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Assume that you have been hired as a consultant by CGT, a major producer of chemicals and plastics, including plastic grocery ba

Brilliant_brown [7]

Answer:

5.14%

Explanation:

Determining the pretax cost of debt is the first to do prior to ascertaining after tax cost of debt.

Pretax cost of debt can be computed using the rate formula in excel.

=rate(nper,pmt,-pv,fv)

nper is the number of times the bond would coupon interest,hence paying coupon every six months for 20 years means 40 coupon payments

pmt is the semiannual coupon bondholders would received from the bond i.e $1000*7.25%*6/12=$36.25

pv is the current market price at $875

fv is the face value of $1000

=rate(40,36.25,-875,1000)=4.28% semiannually

=4.28% *2=8.56% annually

after tax cost of debt=8.56%*(1-t),where t is the tax rate of 40% or 0.40

after tax cost of debt=8.56%*(1-0.4)=5.14%

8 0

3 years ago

in comparing the canceled checks on the bank statement with the entries in the accounting records, obrien company found that che

slava [35]

In the preparation of a bank reconciliation statement, the Obrien Company should make a deduction of $270 from the cash balance.

<h3>What is bank reconciliation?</h3>

The rectification of errors in the bank accounts and entries is done via bank reconciliation. In the above case, bank reconciliation is required for rectification of entry errors in the following way,

There is no need for rectification in bank balance, as the deduction in the bank balance is error-free;
Cash balance showed an erroneous entry of $9585, instead of $9855;
The difference between the correct entry and erroneous entry of $(9855-9585)=$270 shall be made in the cash balance of the books.

Hence, the significance of bank reconciliation to be done by the O'brien Company is given as above.

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7 0

2 years ago

Using the Base Case, calculate total depreciation expense for the year 2023E. Assume that depreciation expense on assets pre-202

balu736 [363]

Answer:

b) $33,000

Explanation:

Capital Expenditure = $20,000

Salvage Value in % = 10%

Useful Life = 4 Years

Salvage Value = Salvage Value% * Capital Expenditure

Salvage Value = 10% * 20,000

Salvage Value = $2,000

Annual Depreciation = (Capital Expenditures - Salvage Value) / Useful Life

Annual Depreciation = ($20,000 - $2,000) / 4

Annual Depreciation = $18,000 / 4

Annual Depreciation = $4,500

Depreciation of 2023E = Depreciation Pre 2020E + Depreciation on capital expenditures in 2020E + Depreciation on capital expenditures in 2021E + Additional Depreciation on capital expenditures in 2022E + Additional Depreciation on capital expenditures in 2023E

Depreciation of 2023E = $15,000 + $4,500 + $4,500 + $4,500 + $4,500

Depreciation of 2023E = $33,000

7 0

3 years ago

If aggregate demand (ad and nominal gdp (gdp increase while the price level is constant, we would conclude that:

Ivahew [28]

If the aggregate demand is increasing while the price level remains constant, it means that the spending and consumption in a macroeconomic setting is increasing. Given the constant range prices, consumers are now able to spend more therefore pushing the demand higher.

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3 years ago

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Matt Christopher is a 30-year-old mechanical engineer, and his salary next year will be $80,000. Matt expects that his salary wi

DochEvi [55]

Answer:

Explanation:

6 0

3 years ago