Answer:
Paying higher wages boost up employees to be more productive, as higher wages is considered as a source of motivation to the employees and they will improve their level of work and complete their task in an effective and efficient manner which leads to productivity at workplace. Hence, this automatically leads to timely completion of work at almost zero cost.
The reasons why some firms voluntarily pay workers a wage above the market equilibrium, even in the presence of surplus labor are as follows:
- Paying higher wages helps workers to be healthier in some developing countries.
- Higher wages attract a more competent pool of workers.
- Paying higher wages encourages workers to be more productive.
Answer:
The question is not complete,find attached complete question.
The missing cash flow is $2,901.77
Explanation:
In order to calculate the missing cash flow, I discounted the other cash flows given to present values using the formula PV=FV/(1+r)^n as is it in the attached spreadsheet.
Thereafter , I equated the present values to the total present value of $8250 given using X for the unknown cash flow, by solving this equation I arrived at the present value of the missing cash flow .
Finally, I multiplied the present value of the missing cash flow with its discounting factor of 1.1816 , hence I arrived at the missing cash flow of $ 2,901.77
Answer:
Ricci vs. DeStefano
Explanation:
This case is a US labor law case that occurred in 2009, where twenty (20) firefighters at the New Haven Fire Department claimed to be discriminated against because they were refused promotion despite the fact that they passed the test.
More noticeably, no blacks and a very small number of Hispanics qualified for the promotion.
The result of the lawsuit was that $2 million was paid to the firefighter plaintiffs and New Haven reestablished the results and promoted 14 out of the 20 plaintiffs. For fees and costs, their attorney Karen Lee Torre was paid $3 million.
Taxes paid by employees to federal and state government. Collected or withheld from one’s paycheck.
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