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AfilCa [17]
3 years ago
13

IBN has two manufacturing facilities, one in New York and one in Oklahoma. Marjorie has worked in the Oklahoma plant for 15 year

s assembling resistors. Her sister, Ellen, has worked at the same plant for 15 years also. Their brother, Hank, has worked there for 10 years in the same job as his sisters. Ellen transfers to the New York facility. Their salaries are now as follows: Marjorie-$12 per hour; Ellen-$19.50 per hour; Hank-$14 per hour. Is there a violation of the Equal Pay Act?
Business
1 answer:
gtnhenbr [62]3 years ago
3 0

Answer:

Yes, there is a violation of the Equal Pay Act because Hank's salary ($14 per hour) is higher than Marjorie's ($12 per hour).

Explanation:

The Equal Pay Act of 1963 basically establishes that no employer can pay a higher salary to an employee of one sex and pay a lower salary to an employee of the opposite sex. Theoretically this law protects both women and men, since the provision doesn't establish a specific sex that is protected.

In this case, it is OK for Ellen to earn a higher salary than Hank because she has more experience and she was transferred to the New York facility. But Hank shouldn't earn a higher salary than Marjorie because she is a more experienced worker.

This law doesn't consider the differences between Ellen's salary and Marjorie's.

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The answer is letter D.

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In order to stimulate innovation, Harlose Inc. allows its researchers to devote 2-3 hours of their normal work schedule to pursu
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D) Catering to entrepreneurs

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In this case, catering for entrepreneurs is a similar concept applied within an organization that tries to foster innovations.

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2 years ago
When managers are engaged in problem solving, there are several steps they should go through in order to prevent themselves from
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a. Defining the problem, generating alternatives, selecting an alternative, implementing and evaluating the solution.

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3 years ago
Equity method journal entries (price greater than book value) An investor purchases a 25% interest in an investee company, and t
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Answer:

See answer an explanation below.

Explanation:

The journal entries will look as follows:

<u>General Journal </u>

<u>Description                                          Debit ($)             Credit ($)          </u>

Equity investment                               145,000

Cash                                                                                  145,000

<em><u>(To record purchase of investment.)                                                      </u></em>

Cash                                                      25,000

Income from equity investment (w.1)                              25,000

<em><u>(To record equity income.)                                                                       </u></em>

Cash                                                     20,000

Equity investment                                                            20,000

<u><em>(To record receipt of cash dividend.)                                                      </em></u>

Income from equity investment           2,000

Equity investment (w.2)                                                     2,000

<em><u>(To record patent amortization expense.)                                             </u></em>

Cash                                                   180,000

Gain on sale of equity invest. (w.4)                                 32,000

Equity investment (w.3)                                                  148,000

<u><em>(To record sale of investment.)                                                              </em></u>

Workings

w.1: Income from equity investment = Investee's net income * Percentage of interest = $100,000 * 25% = $25,000

w.2: Equity investment = (Patent value / Remaining useful life) * Percentage of interest = ($80,000 / 10) * 25% = $8,000 * 25% = $2,000

w.3: Equity investment = $145,000 + $25,000 - $20,000 - $2,000 = $148,000

w.4: Gain on sale of equity investment = Sales proceed - w.3 = $180,000 - $148,000 = $32,000

4 0
2 years ago
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