The cost to lay off an employee is what percent of the hiring cost for that level is 30-50 percent.
<h3>What is the cost of hiring?</h3>
Finding the ideal employee can be expensive in and of itself. Business consultant Bill Bliss, president of Bliss & Associates Inc., claims that the hiring process alone might have a number of high potential expenses.
These include the time spent advertising the position, the time spent by an internal recruiter, the time spent by the recruiter's assistant reviewing resumes and carrying out other tasks related to recruitment, the time spent by the person conducting the interviews, the time spent on drug tests and background checks, and the cost of various pre-employment assessment tests. Even a $8/hour employee might wind up costing a business $3,500 in turnover expenses, both direct and indirect. Not every new hiring will require the same procedure.
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Answer:
1 and 2
Explanation:
Gross profit is earning a business makes from its normal operation before considering operating expenses. It is calculated by subtracting direct costs from the revenues. Direct costs are the expenses incurred in acquiring the goods and services sold to customers. Revenue from normal business operations is the income from the sale of goods and services, and other business-related activities.
For Franco and Giada, they should not include items 1 and 2 in gross profits.
- Item 1 is money inherited. It is income but not from the business operations.
- Item 2 is a loan a bank loan. Loans are not considered in the income statement but are featured in the balance sheet.
Items 3 and 4 will be featured in the gross profit calculation. Item 3 is an income from a sale, while item 4 is a miscellaneous income from a loan issued out.
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
A. Stop payment on the first check; then write a second one.
Explanation:
There are certain rules and procedures in banking system. If any check written is lost, then firstly the check shall be made invalid the one which is lost.
To make it invalid, stop payment can be done. Stop payment basically converts the check into a mere paper, with no validation, even if such check is presented no payment is made against it.
Further by issuing check you create a liability that you owe some money as against the party in consideration on check.
Therefore, after stop payment a new check shall be issued.
Answer:
Which inventory method reflects the most recent costs of inventory on the balance sheet?
LIFO
What implications might this have that would be relevant for users of the financial statements to know?
This will mean that the profitability ratios will be smaller under LIFO .
The profitability ratios include profit margin, return on assets, and return on stockholders' equity.
Explanation:
LIFO, the most recent costs of products purchased (or manufactured) are the first costs to be removed from inventory and matched with the sales revenues reported on the income statement. This means that the oldest costs remain in inventory.
