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AVprozaik [17]
3 years ago
6

When Devin Spencer went to work for a printing shop, he thought he was going to have to join the union representing the shop. Ho

wever, on his first day of work he was told that while there was a union representing the workers, he was not required to join, and he didn't have to pay any dues to the union if he chose not to join. Devin evidently works in a state with a right-to-work law that allows a(n) __________ shop.
Business
1 answer:
jekas [21]3 years ago
4 0

Answer:

open

Explanation:

Since Devin is not required to pay anything or even join a labor union after employment, his workplace is called an open shop, according to the <em>right-to-work law</em>. In this kind of employment place, an employee's job <u>is not conditioned</u> by taking part in a union or paying any fees to it. This means that the employee can choose whether he/she wants to join a union or not

On the contrary, <em>closed shops</em> and <em>union shops</em> demand that their employees must be union members (or to become union members in a given period). Also, an agency shop is a type of workplace where employees can also decide whether they want to join a union or not. But, unlike in open shops, those who opt to remain "non-union" still have to pay a certain fee.

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Question 6 Paige Company estimates that unit sales will be 11,100 in quarter 1, 12,300 in quarter 2, 14,500 in quarter 3, and 18
sveticcg [70]

Answer:

$18,250

Explanation:

Preparation of a production budget by quarters for the first 6 months of 2020.

Paige Company

Production Budget For the six months ended December 31, 2020

Expected unit sales 11,100 12,300

Add: Desired ending finished goods

2,706 2,706

(22%*$12,300)

Total required units 13,806 15,006

(11,100+2,706) (12,300+2,706)

Less: Beginning finished goods inventory

2,442 2,706

(22%*11,100) (22%*12,300)

Required production units 8,656 9,594

(11,100-2,442) (12,300+2,706)

Six Months: $18,250

(8,656 +9,594)

Therefore the production budget by quarters for the first 6 months of 2020 will be $18,250

5 0
3 years ago
You have gathered the following information on your investments. What is the expected return on the portfolio?
Minchanka [31]

Answer:

The correct option is <u>a. 11.27%</u>.

Explanation:

Note: See the attached excel file for the computation of the e expected return on the portfolio.

The expected return on the portfolio is the addition of the products of weight of each asset in the portfolio and the expected return of each asset.

From the attached excel file, the expected return on the portfolio is <u>11.27%</u>. Therefore, the correct option is <u>a. 11.27%</u>.

Download xlsx
7 0
4 years ago
Adidas issued 10-year, 8% bonds with a par value of $200,000. Interest is paid semiannually. The market rate on the issue date w
faust18 [17]

Answer:

A. Adidas must pay $200,000 at maturity plus 20 interest payments of $8,000 each.

Explanation:

Hi, well it doesn´t matter what the proceeds are, since the bond could be sold at prime (money higher that its face value) or discount (less than its face value), what is really important is the written conditions of this financial instrument, I mean, if a bond has a par value of $200,000, is a 10 year obligation (20 semesters obligation) and pays 8% in coupons (that is typically 8%/2 =4% semi-annual), means that for 20 semesters the issuer of the bond is obligated to pay, $8,000 (this is face value*coupon rate, 200,000*0.04), and when the bond matures (20th semester) the issuer will pay its face value (in our case $200,000) plus the coupon ($8,000).

So, this is what the issuer pays.

From semester 1 to 19 =$8,000

last semester or semester 20 = $208,000

Now, we can check this result by finding the price of this bond, and even though the question does not detail the nature of the discount rate, we have to assume that is 7.5% compounded semi-annually, that is 3.75% effective semi-annually (just take 7.5% and divided by 2). With the following formula, you can find the price of this bond.

Price=\frac{Coupon((1+YTM)^{n}-1) }{YTM(1+YTM)^{n} } +\frac{FaceValue}{(1+YTM)^{n} }

Price=\frac{8,000((1+0.0375)^{20}-1) }{0.0375(1+0.0375)^{20} } +\frac{200,000}{(1+0.0375)^{20} } =111,169.63+95,778.47=206,948.10

Best of luck.

7 0
4 years ago
City Farm Insurance has collection centers across the country to speed up collections processes. The company also makes its disb
klasskru [66]

Answer:

City Farm Insurance

a. City Farm cash management system has freed up $1,000,000 ($4,500,000 - $3,500,000).

b. City Farm can earn on short-term investments an amount equivalent to $21,900,00 {($1,500,000 x 365) x 4%}

Explanation:

A good cash management system combines accounting with financial management to produce financial visibility and provide business insights that can help the entity to increase its earnings with short-term investments.  This is because it frees up investable cash.  An entity can invest its excess cash in these instruments: money market funds, treasury bills, and certificates of deposit, offered by commercial banks.

5 0
3 years ago
The cost of a trade-off is known as its
vlabodo [156]

the answer is A because the term trade off is often expressed as an opportunity cost

4 0
3 years ago
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