Answer:
A written and signed document between an employer entity and a labor organization specifying the terms and conditions of employment for a specified period of time is known as a collective bargaining agreement.
Explanation:
The reason why it is collective bargaining agreement is because it binds two or more entities which makes it to be collectively agreed
Answer:
b. $16,700
Explanation:
The computation of the depreciation expense under the straight-line method is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($98,500 - $15,000) ÷ (5 years)
= ($83,500) ÷ (5 years)
= $16,700
The original cost is computed below:
= Original cost of machinery + freight charges + cost of building a foundation and installing the machinery
= $85,000 + $3,500 + $10,000
= $98,500
In this method, the depreciation is same for all the remaining useful life
Answer:
10% is a high-profit margin
Explanation:
Since Justine is just starting her new business this might actually be a bad idea because 10% is a high-profit margin. In new business, you need to start off with very small profit margins in order to attract customers with low prices and grow a loyal customer base. Once the business begins to grow and sales start kicking up then you may begin increasing your profit margins.
Answer:
A. Machine
Explanation:
There are various categorisations of entrepreneurs based on their characters, abilities and strategies among others. However,the founder institute developed a new categorisation for entrepreneurs by testing about 30,000 entrepreneurs including known names like Steve Jobs and Elon Musk and categorising them based on their priorities and qualities into the following: Hustler, Prodigy, Visionary, Innovator, Strategist and Machine.
Machine Category: This represents entrepreneurs who maintain a high level of focus getting things done. They simply focus on the task ahead of them and get them done. They are very concerned about efficiency and effective delivery of their tasks. Lin simply became very good at what she was doing by being dedicated to the tasks ahead of her.
Other Categories
Hustlers- they can sell anything and get into the promotion and sales of all manner of products and services
Prodigy - The excel in business with innate business instinct and sense, their strong intellects and social skills ensures their success
Visionary - Combines innovation with enthusiasm and is capable of carrying the masses along in these innovations as a result of the energy committed
Innovator- Always looking forward to improving on old ideas and find new ways of doing things. They are challenged by change
Strategist- Always looking at how to achieve long term goals, very tactical and calculating.
Answer:
1. This is true.
The Germans will pay a higher price for tuna because the tariff will increase the price of imported tuna and the reduction in completion with the local producers will lead to higher prices as the local producers take up their price.
2. This is true.
German producers no longer have to compete as much with imported tuna which was cheaper. They will therefore be able to raise their prices.
3. This statement is false.
The world price of Tuna DOES NOT increase because the tariff is only applicable in Germany. Other parts of the world will trade tuna as before. This is what is assumed.
4. This statement is true.
If Vietnam was exporting tuna to Germany, they will become worse off because they will see a decline in demand for their tuna on account of the tariffs making the tuna more expensive.
5. This is false.
Vietnamese tuna consumers will still pay the same price to get tuna because Vietnam produces the tuna. It is Vietnam's producers that will suffer not the consumers.
