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Leni [432]
4 years ago
11

Select the correct answer. George works in a factory and is a member of the labor union. He thinks his wages are low for the wor

k that he does, so he tells the union representative that his employer should increase his wages. The representative asks the other workers if they feel the same, and they all agree. The following week, the union representative met with the factory owner regarding an increase in wages, and the employer agreed to it. What strategy did the union use to get the owner to agree to increase wages? A. individual bargaining B. threaten to go on a strike C. collective bargaining D. threaten to quit their jobs E. filing a petition to the government
Business
1 answer:
lukranit [14]4 years ago
6 0

Answer:

C. collective bargaining

Explanation:

Collective bargaining is when negotiations for better terms of service involve and a group of employees or organized representatives of employees and the employers. The essence of collective bargaining is to have negotiations conducted by parties with interests only, not outsiders.

Collective bargaining may involve a single firm and its employees or employees from different organizations within the industry and their employers. The negotiation objective is to reach an agreement on improved terms or better working conditions.

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M&M Proposition I with tax implies that:
Savatey [412]

Answer:

D. A firm's weighted average cost of capital decreases as the firm's debt-equity ratio increases.

6 0
3 years ago
At the break-even point:
OlgaM077 [116]

Answer:

D. Contribution margin would be equal to total fixed costs

Explanation:

As we know that

break even point is the point at which the firm is earning no profit or no loss suffered

In equation, it is

Total cost = Total revenues

In addition,

The contribution margin = Sales - variable expenses

Therefore

The contribution margin = Fixed cost = break even point

If we subtract the contribution margin from the fixed cost the amount should be zero which implies the break even point

5 0
3 years ago
A natural monopolist that is price-regulated at the marginal cost output level will:________.
Oksanka [162]

Answer:

will be producing at the same output

Explanation:

5 0
3 years ago
Kauffman Market has a gross profit percentage of 40%. It is expecting an additional $3,000 in revenues over the upcoming 3-day h
julsineya [31]

Answer:

$552

Explanation:

The computation is shown below:

But before that following calculation need to be done

Additional profit is

= $3,000 × 40%

= $1,200

Additional labor cost is

= (3 days × 3 employees × 6 hours per day × 12 per hour )

= $648

As we can see that the company profit would be increase by

= $1,200 - $648

= $552

4 0
3 years ago
Required information
liberstina [14]

Answer and Explanation:

1.

The estimation of the required balances are as follows:

<u>Age           Balance     Estimated              Estimated Uncollectible amount</u>

<u>of               Dec-31        Percentage</u>

<u>Accounts             Uncollectible</u>

Not yet due $620,000    0.85%                         $5,270.00

1–30 days     $248,000    1.60%                          $3,968.00

31–60 days   $49,600      6.10%                          $3,025.60

61–90 days $24,800       30.75%                        $7,626.00

Over 90 days $4,960     64.00%                         $3,174.40

Total                $947,360                                        $23,064

2.

Now the journal entry is

but before that following calculation is needed

Ending balance of allowance for doubtful account $23,064

Less: Opening balance in allowance for doubtful account -$19,564

Bad debt expense for the year $3,500

The journal entry is

Bad debt expense $ 3,500  

       To Allowance for doubtful accounts $ 3,500

(Being bad debt expense is recorded)

7 0
3 years ago
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