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Naddika [18.5K]
3 years ago
12

When employees are hired at Hamilton University, they are required to complete a _______ period of 90 days. During this period,

both the employer and the employee have the opportunity to decide if the new hire is a good "fit."
Business
1 answer:
laiz [17]3 years ago
6 0

Answer:

Probation period of 90 days

Explanation:

While agreeing contract with an employee, employer adds a clause of probation period in which the number of days which are usualy less than 90 days are agreed. During this period the employee have to prove that he is best fit to the business and will also contribute to the business environment. Furthermore, the company has an advantage of dismissing the employee by adding clause of probation period in the contract if the company decides to not move with the candidate on the basis of his performance during the probation period.

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The year-end inventory shows $135,000 worth of merchandise available at retail prices. What is the cost of the ending inventory
anygoal [31]

Answer:

$78,300

Explanation:

COMPUTATION OF GOODS AVAILABLE FOR SALE AT COST

                                                                         $        

Beginning inventory                                  80,000

Purchases                                              <u>     65,000     </u>

Goods available                                 <u>      145,000     </u>    

COMPUTATION OF GOODS AVAILABLE FOR SALE AT RETAIL PRICE

                                                                         $        

Beginning inventory                                 130,000

Purchases                                              <u>    120,000     </u>

Goods available                                 <u>     250,000     </u>  

Ending inventory at cost = (Cost/Retail Ratio) x Year-end Inventory at retail price

                                         =($145,000/$250,000) x $135,000

                                          = 58% x $135,000

                                           = $78,300

                                                                                                 

6 0
3 years ago
Harvey quit his job at State University, where he earned $45,000 a year. He figures his entrepreneurial talent or forgone entrep
ANEK [815]

Answer:

$60,000

Explanation:

Calculation to determine what The implicit costs of Harvey's firm in the first year were

First step is to calculate the Total revenue

Total revenue = 11000 × $75

Total revenue=$825,000

Second step is to calculate the Explicit cost

Explicit cost = 11000 × $55

Explicit cost= $605,000

Third step is to calculate the profit

Profit = $825,000-$605,000

Profit=$220,000

Now let calculate the Implicit cost

Using this formula

Implicit cost =Profit-(Amount earned per year +Forgone entrepreneurial income+Bond at 10% interest per annum)

Let plug in the formula

Implicit cost=$220,000-[$45,000+$5,000+($100,000+10%*$100,000)]

Implicit cost=$220,000-[$45,000+$5,000+($100,000+$10,000)]

Implicit cost=$220,000-($45,000+$5,000+$110,000)

Implicit cost=$220,000-$160,000

Implicit cost=$60,000

Therefore The implicit costs of Harvey's firm in the first year were $60,000

3 0
3 years ago
Describe China’s strategy in Africa.
Lemur [1.5K]

Answer:

The strategy for China seems to be to use the resources that Africa has in its hands from the small groups that control parts of the continent in order to fund themselves as well as help increase revenue for the countries that allow them to do so.

Explanation:

8 0
3 years ago
Clementine Company makes skateboards. They prepare master and flexible budgets and then perform variance analysis after the budg
vivado [14]

Answer:

$7708 favorable

Explanation:

Volume variance shows the negative differentiation between the actual and the budgeted quantity sold at a budgeted sales price per unit.

A positive figure for volume variance indicates that it is favorable, and a negative figure for volume variance shows that it is unfavorable.

Volume variance = (Actual Quantity - Budgeted quantity sold) × Budgeted sale price per unit.

Volume variance = ( 1070 units - 988units) × $94

Volume variance = 82 units × $94

Volume variance =$7708 favorable

4 0
3 years ago
Duggins Veterinary Supplies can issue perpetual preferred stock at a price of $75 a share with an annual dividend of $6.00 a sha
maria [59]

Answer: 6%

Explanation:

Based on the information given, when the flotation costs is ignored, the company's cost of preferred stock will be calculated thus:

Cost of preferred stock = Dividend on preferred stock / Price of preferred stock

Cost of preferred stock = 4.5/75 = 0.06 = 6%

Therefore, the cost of preferred stock is 6%.

6 0
3 years ago
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