Solution :
In the context, it is given Alex and J.J. both are applying for a job openings in a law firm at Chicago. Both of them got the job offer but J.J. got lower salary than Alex. The salaries are different for both J.J and Alex. Some of the possible explanations for the difference in salaries that may be related to some scenarios are :
- Alex went to higher tier law school ---- difference in education
- J.J. is reentering the workforce after two years away --- difference in experiences.
- Alex will be working with a notoriously difficult boss --- compensating differentials.
- Alex is a man and J.J. Is a woman --- economic discrimination.
Answer:
The answer is human resource.
Explanation:
I hope this helps!
Answer:
1. $24,300
2. 12
3. the bond is trading at a discount.
4. $470,090.86
5. <u>Journal Entry</u>
Cash $470,090.86 (debit)
Bond Payable $470,090.86 (credit)
Explanation:
<u>1. seml-annual Interest payment</u>
Seml-annual Interest payment = ($540,000 × 9 %) ÷ 2
= $24,300
<u>2. Number of seml-annual Interest payment</u>
Number of seml-annual Interest payment = 6 years × 2
= 12
<u>3. Issue</u>
The annual market rate for the bonds (YTM) , 12% is greater than the coupon rate of the bond 9%.
The Price will be less than the par value and we say that the bond is trading at a discount.
<u>4. Computation of the Issue Price, PV</u>
PMT = $24,300
n = 12
YTM = 12 %
FV = $540,000
p/yr = 2
PV = ?
Using a Financial Calculator, the Issue Price, PV is $470,090.86
<u>5. Journal Entry</u>
Cash $470,090.86 (debit)
Bond Payable $470,090.86 (credit)
To get the total insurance premium, just add the three premiums:Total premium = liability + collision + comprehensivewhere:liability = $510collision = $220comprehensive = $ 130Total premium = $510+$220+$130 =$860
Answer:
<u>Corporations </u> comprise about 20% of all businesses but account for about 81% of u.s. business receipts.
Explanation:
A corporation is kind of a business that is set up by a legal organization headed by a person or several partners together. Examples including Microsoft, Apple Inc. etc
While corporations make up just 20% of registered businesses, they are usually quite larger and have national foot print. They can employ thousands of people, have a number of subsidiary companies and work with hundreds of smaller businesses.
Hence, while they are smaller in number, their impact on the economy is very large.