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nikklg [1K]
2 years ago
5

19. Who among the following is not covered under the Occupational Safety and Health Act of 1970?

Business
1 answer:
Alborosie2 years ago
8 0

Answer:

A farmer with eight employees working for him.

Explanation:

Occupational Safety and Health Act of 1970 is a federal law concerned with occupational health and safety of workers in the private sector and in federal government.

It states that an employer must provide a working environment for his workers that is safe. For example protection from toxic chemicals, thermal stress, and unsanitary conditions.

People not protected by the act include self employed people, workers in small family farms, and workers in an industry under a seperate federal agency.

So a farmer with eight employees working for him is not covered.

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On January​ 1, 2018, Jordan Company acquired a machine for​ $1,090,000. The estimated useful life of the asset is five years. Re
anyanavicka [17]

Answer:

$206000.

Explanation:

Given: Asset purchase value = \$ 1090000

          Residual value after five years= \$ 60000

          Estimated useful life of asset= five years.

Now, we will calculate depreciation per year using straight line method.

Depreciation= \frac{(purchased\ value\ of\ asset - residual\ value)}{estimated\ useful\ life\ of\ asset}

⇒ Depreciation = \frac{(1090000 - 60000)}{5} = \frac{1030000}{5}

∴ Depreciation expense per year = \$ 20600

3 0
3 years ago
First City Bank pays 8 percent simple interest on its savings account balances, whereas Second City Bank pays 8 percent interest
Anarel [89]

Answer:

$14,343.25

Explanation:

First city bank pays 8% simple interest in a savings account

Second city bank pays 8% interest compounded annually

$68,000 is deposited deposited in each of the bank

The first step is to calculate the simple interesr per year of first city bank

= principal × rate

= 68,000 × 8/100

= 68,000 × 0.08

= 5,440

The interest earned for the period of 8 years can be calculated as follows.

= 5,440 × 8

= 43,520

The balance at the end of 8 years can be calculated as follows

= 68,000 + 43,520

= 111,520

The next step is to calculate the future value of second city bank

= principal × (1+R)^n

= 68,000 × (1+8%)^8

= 68,000 × (1+0.08)^8

= 68,000 × 1.08^8

= 68,000 × 1.85093021

= 125,863.25

Therefore the amount of money earned from second city bank at the end of 8 years can be calculated as follows

= 125,863.25-111,520

= 14343.25

Hence the money that was earned from second city bank at the end of 8 years is $14,343.25

8 0
3 years ago
The trial balance of Sheridan Company at the end of its fiscal year, August 31, 2017, includes these accounts:
Natalija [7]

Answer:

The answer is $229,200

Explanation:

Cost of sales equals:

Beginning inventory plus purchases minus ending inventory.

Beginning inventory is $23,570

Purchases(net Purchase) is

Purchases $224,020

Add: Freight-In. $9,770

Minus: Purchase Returns. and Allowances. ($5,460)

Net Purchase:. $228,330

ending inventory is $22,700.

Therefore, cost of goods sold is:

$23,570 + $228,330 - $22,700

=$229,200

6 0
3 years ago
The expectation of a fair exchange of employment obligations between an employee and employer is called?
Nesterboy [21]

The expectation of a fair exchange of employment obligations between an employee and employer is called the psychological contract.

<h3>What is the psychological contract?</h3>
  • A psychological contract, a concept developed in contemporary research by organizational scholar Denise Rousseau, represents an employer's and an employee's mutual beliefs, perceptions, and informal obligations.
  • It establishes the dynamics of the relationship and defines the specifics of the work to be done.
  • It differs from the formal written employment contract, which, for the most part, only identifies mutual duties and responsibilities in broad strokes.
  • The psychological contract refers to the expectation of a fair exchange of employment obligations between an employee and an employer.
  • A psychological contract is defined as a philosophy rather than a formula or predetermined plan.
  • Characteristics of a psychological contract include respect, compassion, objectivity, and trust.

Therefore, the expectation of a fair exchange of employment obligations between an employee and employer is called the psychological contract.

Know more about the psychological contract here:

brainly.com/question/14937468

#SPJ4

8 0
1 year ago
Eduardo is currently involved in FBLA (Future Business Leaders of America). He has dreams to work on Wall Street. Assuming he wi
Mamont248 [21]

Answer:c

Explanation:

I just took the text

5 0
2 years ago
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