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laiz [17]
3 years ago
10

Fifty-two year old Nicolas worked as an operations manager in Austell steel plant. The working conditions at Austell were quite

hazardous and as a result, Nicolas was grievously injured while performing his job. Due to the key responsibilities associated with Nicolas’ role, the employer asked him to step down from his position to be replaced by his thirty-eight year old team member. In this case, the employer has the burden to prove that removal of Nicolas is:
Business
1 answer:
Nonamiya [84]3 years ago
7 0

Answer: Fifty-two year old Nicolas worked as an operations manager in Austell steel plant. He was grievously injured while performing his job.

Due to the key responsibilities associated with Nicolas’ role, the employer asked him to step down from his position to be replaced by his thirty-eight year old team member.

The employer has the burden to prove that removal of Nicolas is because he has absolute disability to continue performing normally his job activities .

Explanation: <u>Resignation </u>is a way t<u>o terminate</u> the employment <u>contract.</u>

The labor law requires that the resignation be made by <u>telegram</u> or letter document.  

When an employee has a <em>work accident </em>that conditions his job activities he can ask ,after the corresponding <em>medical exams</em> to be declare with an absolute disability .

In that case the worker will have a payment as a compensation because he cannot work anymore and can also start getting pension  .

After 3 years he/she must make <u>again </u>the medical exams <u>to confirm </u>that the situation is<u> still the same </u>and that her/his capacity to work is still like in the beginning and keep <u>getting paid</u> .

If the <em>employer cannot prove</em> that Nicolas has resign his position because of his disability he will probably have problems and <em>can be accused of justified resignation </em>which has a compensation equivalent to <em>unjustified dismissal</em> , that means that the employer fired Nicolas without reason to replace him for another person.  

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a company bought a piece of equipment for A200 and expects to use it for eight years. The company that plans to
chubhunter [2.5K]

Answer:

The correct option <u>b. $2,567</u><u>.</u>

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

A company bought a piece of equipment for $49,200 and expects to use it for eight years. The company then plans to sell it for $4,000. The company has already recorded depreciation of $42,632.60. Using the double-declining-balance method, what is the company's annual depreciation expense for the upcoming year? (Round your answer to the nearest whole dollar amount.)

a. $11,300.

b. $2,567.

c. $19,200.

d. $1,642.

The explanation to the answer is now given as follows:

Note: See the attached excel file for the calculation of the annual depreciation expenses.

Double declining depreciation method is an accelerated depreciation technique due to the fact the depreciation expenses are charged faster under it than under straight-line depreciation method.

The depreciation of double declining method is calculated by by multiplying the rate of straight-line depreciation method by 2.

From the question, the already recorded depreciation of $42,632.60 is the accumulated depreciation expenses for the 7th year.

Since the upcoming year is the 8th year which is the last year, the depreciation expense for it can be calculated as by adjusting for the residual value of $4,000 follows:

Equipment cost = $49,200

Accumulated Depreciation = $42,632.60

Residual value = $4,000

Estimated useful life = 8 years

Therefore, we have:

Straight line method depreciation rate = 1 / Estimated useful life = 1 / 8 = 0.125, or 12.50%

Double declining depreciation rate = Straight line method depreciation rate * 2 = 12.50% * 2 = 25%

Beginning book value of the equipment in the upcoming year or in the 8th year = Equipment cost - Accumulated Depreciation = $49,200 - $42,632.60 = $6,567.40

Annual depreciation expense for the upcoming year or for the 8th year = Beginning book value of the equipment - Residual value = $6,567.40 - $4,000 = $2,567

Therefore, the correct option <u>b. $2,567</u><u>.</u>

Download xlsx
7 0
3 years ago
Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct
nadezda [96]

Answer:

The correct answer is option (c) $264 underapplied

Explanation:

Given data;

Direct labour hour = 22160

Total Manufacturing overhead cost= $585,024

Actual direct labor hour = 22150

Actual Manufacturing overhead cost = $585024

Calculating the Predetermine overhead rate using the formula;

Predetermined Overhead rate=Total Overhead Cost/Total Direct Labor Hour

Predetermined Overhead rate = $585024/22160

                                                      =$26.4 per labor hour

To determine the under-applied amount of overhead cost, we use the formula;

Under−Applied amount= Estimated Overhead Cost*Actual Overhead Cost

Substituting into the formula, we have

                          (22150*26.4)-585024

      Under applied  = $ 264

                       

8 0
3 years ago
Supply - supply curve - and supply schedule are:Multiple choice question.all the same.three different ways of expressing informa
Tanzania [10]

Supply, the supply curve, and the supply schedule are three different ways of expressing information about the supply of a good - service - or resource

<h3>What are ways of expressing supply?</h3>

When we speak of supply, we refer to the quantity of goods and services that producers give to the market for sale.

The supply curve then shows the different prices and quantities that these goods would be sold in while the supply schedule does the same but in a non-graphical format.

Find out more on the supply schedule at brainly.com/question/2094262.

#SPJ1

6 0
2 years ago
Seven years ago, Carlos took out a 30-year mortgage for $185,000 at 5.6 percent. He has made all of the monthly payments as agre
marin [14]

Answer:

Remaining balance of loan after 7 years ( today ) = $ 164,619.6

Explanation:

amount of mortgage = $ 185,000

original term of loan 30 years * 12 = 360 months

interest rate = 5.6 % * 1/12 =0.4666% per month

monthly payment = amount oa mortgage * i /[ 1- (1+i)^-n ]

= $ 185,000 * 0.4666% / [ 1- ( 1 +0.4666%)^-360 ]

= $ 863.21 / [ 1 - 0.187148 ]

= $ 863.21 / 0.812852

= $ 1061.95

after 7 years, that means 84 months, remaining term = 360 months - 84 months = 276 months

remaining balance of loan = amount of loan * ( 1+ i )^n - monthly payment * [ {( 1 + i )^n - 1 } / i ]

remaining balance of loan after 7 years ( 84 months ) = [ $ 185,000 * ( 1+0.4666%)^84 ] - $ 1061.95 * [ {(1+0.4666%)^84 - 1} / 0.4666 ]

= [ $ 185,000 * 1.47850 ] - $ 1061.95 * ( 0.47850 / 0.4666% ]

= $ 273,522.5 - $ 1061.95 * 102.55

= $ 273,522.5 - $ 108,902.9

= $ 164,619.6

remaining balance of loan after 7 years ( today ) = $ 164,619.6

6 0
4 years ago
"Albert applied for a consumer durables loan at Horizon Bank and had to provide his personal information in the loan application
ira [324]

Answer: c. legal but unethical

Explanation:

With John being in charge of the loan application when Albert came to apply, John had access to Albert's information.

John then used this information which he had LEGAL access to, to recommend a bank product to Albert.

This is legal but UNETHICAL because Albert did not know that any information he gave will be used for a reason different from his application for a loan.

4 0
4 years ago
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