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3 years ago

How are the earning of workers determined?

1 answer:

8 0

The same laws that determine the price of everything. Supply and demand. If there are many workers and few jobs then pay is low. If there are few workers and many jobs then the employers have to compete with other employers for workers and have to offer high pay and benefits to keep workers. At least that is how it should work. Sometime employers in a given field will make a "gentlemen agreement" amongst themselves to keep the pay the same across the industry to keep worker pay down and to prevent people from job hopping.

Hope this helps!

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Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its

Amanda [17]

Answer:

Over-applied by $3,842

Explanation:

If, Applied Overheads > Actual Overheads, overheads have been overapplied.

and

Since, Applied Overheads < Actual Overheads, overheads have been under- applied.

Applied Overheads = Predetermined rate x Actual Activity

where,

Predetermined rate = Budgeted Overheads ÷ Budgeted Activity

therefore,

Predetermined rate = $ 157,050 ÷ 4,500

= $34.90

Applied Overheads = $34.90 x 4,580 = $159,842

Since, Applied Overheads > Actual Overheads, overheads have been overapplied.

Over-applied overheads = $159,842 - $ 156,000 = $3,842

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3 years ago

Celeste's accountant fails to prepare her tax returns accurately, and Celeste is charged penalties and interest by the Internal

Gre4nikov [31]

Answer:

Option D. The accountant was a member of a professional organization.

Explanation:

The reason is that for a successful claim under the negligence act, the claimant have to prove following three things:

Duty of care existed between the relation
She has suffered economic harm &
The harm was proximately caused by the accountant's breach of the duty of care.

So the accountant's membership is not a valid requirement under the negligence act for a successful claim.

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3 years ago

Which of the following is true of the capital requirement? Check all that apply.

Nina [5.8K]

Answer:

1st and 2nd options are correct.

Its intended goal is to protect the interests of those who hold equity in the bank.
The amount of capital required depends on the type of assets the bank holds.

Explanation:

Capital requirement for a financial institution, such as a bank is the amount of capital they need to pay off their liabilities. Every bank has a reserve ratio which is a small part of total deposits that is enforced upon banks to fulfill all the liabilities. The intended goal of capital is to protect and preserve the interest of depositors and equity holders. Similarly, the reserve ratio of bank substantially depends upon the type of assets bank holds, for liquid assets, the capital requirement is more as compared to liquid assets. Since more liquid asset means that a bank can convert them into cash instantly which is why the capital requirement is less for liquid assets.

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3 years ago

To meet customer needs, community pharmacies must focus on

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The two most important aspect that the community pharmacies should focused on are quality and the prices of their goods. This is because being involved in a community business, it is a must that the prices must be low to accommodate the need of the general public.

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4 years ago

Kevin owns a restaurant. He does not hire or dismiss his employees and has a dedicated team that handles the hiring of chefs and

maria [59]

Kevin's restaurant follows the bureaucratic type of organization. This type of organization is characterized by a pyramidic delegation of tasks. The higher your position is, the lesser number of workers you are directly responsible for. In this case, Kevin is the owner. He does not do all the hiring because he has someone to do it for him. All he has to do is account that single person.

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3 years ago

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