The freedom to make your own decisions can be limited if the business you choose is a

1. Which of the following sequences of events most accurately portrays a real-life scenario? (1 point)

Lyrx [107]

1. Choice (a) is correct. In a real-life labor union strikes, it usually begins with a notice of strike to be sent to an employer within 60 days known as the cooling-off period. Then, labor unions' strikes begin. If they feel that they are ignored by the employer, then picketing happens. Labor unions carry signs and other rally paraphernalia in the premises of the employer informing the public about their sentiments towards the employer. In this case, the employer will ask the labor union to reach an agreement through collective bargaining agreement.

2. Choice (a) is correct. The management has three tools to use in case of disagreement. These are an injunction, lockout, and hiring replacement workers. An injunction is a judicial order telling the person from doing so. A lockout is a temporary work stoppage or denial of employment. Hiring replacement workers simply mean looking for another competent worker that can do the job of the vacated position.

4 0

3 years ago

True or false: production runs can be scheduled in one or two shifts.

irina1246 [14]

The answers are as follows:
1. TRUE.
Shift schedule is a practice used in manufacturing industries to increase the numbers of hours that is used in production process. The shift divides the hours in the day into specific period and assign teams that will work during each period. The shift practice is usually employed in production run in order to ensure efficient use of all resources during the production process. Production run are typically schedule into one or two shifts; which may be during the day alone or during the day and night.
2. FALSE
Hiring the needed complement will eliminate OVERTIME, not the second shift. Hiring the needed complement usually remove the need for all overtime. Hiring the needed complement will make having a second production run team possible and this second team can handle the production process that ought to be done through overtime.
3. FALSE.
It is the duty of the management to strive to DECREASE STAFF TURNOVER.
Staff turnover refers to the rate at which employees are leaving a company and new employees are been absorbed. High staff turnover will make the company to spend more money on resources and training of new staffs.
4. TRUE.
During periods of high demand, production usually increases and more workers are hired. Instead of hiring more workers, a company that has two production shifts may decide to add more workers to the first shift in order to increase the amount of work that could be done. This will result in the decrease in the number of the workers in the second shift.
5. FALSE
Increasing training hours decreases needed complement. Increasing the training hours will equip the workers with the needed knowledge which will make them more effective and productive. This will decreases the complement needed for the production process.
6. RECRUITING COST [B].
In a situation where a company has to hire more workers to the one it already has on ground as a result of increased production, then the company will have to spend extra money in the process of recruiting the needed workers.
7. DECREASE [B]
If the productive index is already at 100%, adding overtime will decreases the productivity index. This is because, overtime has a way of reducing the efficiency and the productivity of the workers, thus decreasing the amount of work done by them.
8. FALSE.
Workers training is entered in hours. The amount of training received by workers are measured in hours. The higher the training hours, the higher the amount of training which a worker has undergone and the higher will be the value of that worker to the company.
9. C
Each company is expected to have a base amount of $1,000 for each new worker that is hired. The company may decide to eliminate all other recruiting costs but this base amount can not be eliminated.
10. SEPARATION COST [C].
Separation cost are incurred when production level decreases and/ or automation level increases.
Separation cost refers to the cost that is needed to lay off an employee from an organisation. When the production level decreases or the company decide to automate their production processes, then some workers will have to be sacked and these workers have to be paid some money before they leave the company. This result in increase in the amount of money that the company will spend on separation cost.

8 0

4 years ago

Assume that the hourly cost to operate a commercial airplane follows the normal distribution with a mean of $5,793 per hour and

AfilCa [17]

Answer:

x1 = 4891.294

Explanation:

given data

mean μ = $5,793

standard deviation σ = $439

solution

we know here that

P(x < x1 ) = 0.02 .................1

so

$P(\frac{x-\mu }{\sigma } < \frac{x1-\mu }{\sigma }) = 0.02$

so

$P(z < \frac{x1-\mu }{\sigma }) = 0.02$

$\frac{x1-\mu }{\sigma }$ = invNorm(0.02)

so

x1 = μ + σ × invNorm(0.02) .....................2

we use here table for invNorm(0.02) and put value in eq 2

x1 = 5793 + 439 × (-2.054 )

x1 = 4891.294

8 0

3 years ago

Bower Company purchased Lark Corporation’s net assets on January 3, 20X2, for $632,000 cash. In addition, Bower incurred $9,000

Vitek1552 [10]

Answer:

Preparation of Journal Entries

Date Particulars Dr($) Cr($)

January 3, 20x2 Cash & Receivables 57,000

Inventory 165,000

Buildings & Equipment 307,000

Patent 203,000

Account Payable 20,000

Purchase Consideration 632,000

Gain on Purchase Bargain 80,000

(Being purchase of Lark

Corporation`s net assets)

Recording of merger costs.

(Debit) Cash $9,000

(Credit) Merger Expenses $9,000

Recording of acquisition of Lark Corporation`s net assets

(Debit) Investment in Lark`s net asset $712,000

(Credit) Cash $632,000

(Credit) Gain on Purchase Bargain $80,000

Explanation:

When acquiring another business, net asset (Total Assets - Total Liabilities) is valued at fair value (sometimes called market value, not book value. Hence, the reason why the fair value of Lark`s assets and liabilities was used in the calculation above. So the net assets ($57,000+$165,000+$307,000+$203,000 - $20,000) = $712,000.

After, calculating the net assets of the Lark, the purchase consideration given by Bower Company has to be removed from the net asset, in order to get the goodwill or gain on purchase bargain on the acquisition. The formula is Purchase consideration - Net assets of the target company = Goodwill (Gain on purchase bargain). If the purchase consideration is higher than the net assets, then goodwill is obtained. If the purchase consideration is lower than net assets acquired then, gain on purchase bargain is obtained.

In Bower`s case, gain on purchase bargain is obtained because net assets is greater than purchase consideration ($632,000 - $712,000).

Merger cost

Merger cost is not considered as part of purchase consideration. The merger cost is taken to income statement of Bower Corporation as expense.

3 0

3 years ago

Dacosta Corporation had only one job in process on May 1. The job had been charged with $2,550 of direct materials, $6,990 of di

sesenic [268]

Answer:

The balance in the raw materials inventory account on May 30 was $ 7,950.

Explanation:

This question requires us to calculate the balance in the raw materials inventory account on May 30. The detail about inventory purchase during the period, inventory consumed in production and opening inventory balance is given in the problem. We can easily calculate closing balance using following equation.

opening inventory + purchase = closing balance + inventory cosumed

9,250 + 38,750 = closing balance + 40,050

closing balance = $ 7,950

7 0

4 years ago