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Oduvanchick [21]
3 years ago
6

Next week, Mortimer is preparing to go to work for the Illinois department of Child Services. He was surprised when his friends

told him that he was going to have to pay one percent of his salary to the union that represents the unionized workers that would include Mortimer, whether he joined the union or not - a so-called agency fee to prevent 'free riders'. This was for services provided to Mortimer, including collective bargaining and grievance representation. Mortimer was shocked - no one had told him about this! What advice would you provide to Mortimer?
Business
1 answer:
Fittoniya [83]3 years ago
8 0

Answer:

The implication is that the Illinois Department of Child Services is a unionized workplace.

Mortimer will derive better benefits that surpass the costs of membership.  He is covered in all collective bargains, even when he resigns his union membership.  Unions negotiate for better working conditions, higher pays, and improved benefits.

When Mortimer has any grievance against the department, the union will also represent him, thereby making his life easier since unions can negotiate better with employers than individual workers.

Mortimer is even lucky to find a job at a unionized workplace because the jobs are not usually advertised as union members easily bring in their relatives and friends to occupy such vacancies.

Explanation:

Most of the disadvantages that Mortimer should complain about unions are disadvantages to the employer and not to him as an individual worker.  For the employer, the union acts as a form of monopoly that can decide whether the workers would work or not.  The unionized workers are not easy to replace with other workers.

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Cushman company, inc. had $812,000 in net sales, $355,250 in gross profit, and $203,000 in operating expenses. cost of goods sol
ch4aika [34]
To solve for the cost of goods sold (COGS):
COGS = Net sales - gross profit
COGS = $812,000 - $355,000
COGS = $457,000

The cost of doors sold is the costs that are used for production of the goods the company sells. It includes materials used for creating the product and labor. 
6 0
3 years ago
According to a sustainability survey commissioned by the consulting firm KPMG, approximately ________ of large and mid-sized com
GREYUIT [131]

Answer: 62 percent

Explanation: A sustainability survey commissioned by the consulting firm KPMG, stated that approximately 62 percent of large and mid-sized companies worldwide have an active sustainability program in place, and that another 11 percent are developing one. Sustainable development is aimed at replacing economic development, thus encouraging better environmental

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7 0
2 years ago
Read 2 more answers
Corn chips and potato chips are substitutes. Good weather that sharply increases the corn harvest would a. increase consumer sur
yaroslaw [1]

Answer: Option(a) is correct.

Explanation:

Corn chips and potato chips, both are substitute goods and thus, affect each others demand by a small changes in various factors.

In this question, a good weather increases the harvesting of corn which increases the supply of corn chips.

This shifts the supply curve rightwards as a result price falls and quantity increases. Hence, this lower price, increases the consumer surplus in the market of corn chips.

This change in the supply of corn chips will affect the demand for potato chips in the potato chips market. So, the demand curve for potato chips shifts leftwards. This shift in the demand curve, reduces the price level and quantity level. Hence, this lowers the producer surplus in the market for potato chips.

6 0
3 years ago
A thirty-year annuity has end-of-month payments. The first year the payments are each $120. In subsequent years each payment inc
Sholpan [36]

Answer:

NPV of the annuity = $209,782.38

Explanation:

Note: See the attached file to see how the Present Values (PV) and the Net Present Value (NPV) are calculated.

The following explanation should be read with the attached.

i = Monthly interest rate = 3%/12 = 0.25%, or 0.0025

DF = Discounting factor = (1 + i)^n = (1 + 0.0025,  where n denotes relevant month

Number of months = 30 years * 12 months = 360 months

CF = Cash Flow = P + 5, where P denotes previous payment

Download xlsx
7 0
3 years ago
Last year real GDP in the imaginary nation of Populia was 907.5 billion and the population was 3.3 million. The year before real
podryga [215]

Answer:

=10%

Explanation:

Real GDP per capital is the GDP per individual in an economy. The formula for calculating real GDP per capital is

Real GDP per capital real GDP/ population

Last year real GDP per capital would be 907,500,000,000/ 3,300,000,000

=907,500/ 3,300

=275

the previous real GDP is 750,000,000,000/3,000,000

=750,000/3,000

=250

increase in GDP is 275-250= 25

Percentage increase

=25/250 x 100

=0.1 x 100

=10%

7 0
2 years ago
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