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Jlenok [28]
3 years ago
13

Define bargaining power. explain the differences in bargaining power that employers have with union workers versus non-union wor

kers.
Business
1 answer:
Vika [28.1K]3 years ago
7 0
Bargaining power is the ability of two parties with equal standing to negotiate over certain matters. In a collective bargaining agreement, union workers are represented by the Trade Union which they are affiliated to negotiate with their employer's representative or owner. Their bargaining power is to collectively influence the management for employees compensation, health and safety, wages, hours of work and working conditions, workplace rules and grievance procedures. These claims are usually backed with substantial evidence. They have a binding agreement which is called the Collective Bargaining Agreement. Unlike non-union workers, these advantages are not benefited. Non-union workers depend on existing federal laws for compensation and worker protection.
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If an investor put away $3000 at age 23 rather than age 31, how much more money would he or she have at age 63, assuming a 9 per
zubka84 [21]

Answer:

FV= $94,228.26

Explanation:

Giving the following information:

Present Value= $3,000

Interest rate= 9% compounded annually

Number of years= 63 - 23= 40 years

<u>To calculate the future value, we need to use the following formula:</u>

FV= PV*(1+i)^n

FV= 3,000*(1.09^40)

FV= $94,228.26

8 0
4 years ago
The June 1 work in process inventory consisted of 5,000 pounds with $16,000 in materials cost and $12,000 in conversion cost. Th
elixir [45]

Answer:

Equivalent units of production for materials: 42,500

Equivalent units of production for Conversion Costs : 37,700

Explanation:

Work in Process Beginning Inventory                            5,000 pounds

Units started                                                                     37500  

Less Ending Inventory                                                     8000

Units Completed and Transferred Out                          34,500 Pounds        

                          Units                   % Of Completion                EUP  

                                                      Mater.        C.C         Materials     C.C

Units Transferred  34500       100             100           34500           34500

<u>Ending  Inven.   8000              100             40              8000            3200</u>

Total Units to accounts for  42,500

<u>Total Equivalent Units                                                42,500          37,700                                                       </u>

There are two ways of calculating equivalent units of Production . One is given above and the other is adding the percentages in the beginning inventory  and started units. As we do not have the percentages of the units started therefore the above method is used.

                           

3 0
4 years ago
Regal Financial Institution specializes in home loans. What type of financial institution is it? savings and loan bank credit un
Serga [27]
Regal Financial institution is a Savings and loan bank. Conventionally,S$L must have a Mortgage dominant of over 65%.

S&L are typically suitable for home loans than commercial banks because they have lower borrowing rates. their emergence was neccessitated by the exclusivity of commercial banks.

3 0
4 years ago
Read 2 more answers
Unearned Rent Revenue is
Alex Ar [27]

Answer:

The correct answer is option B.

Explanation:

The unearned rent revenue will be reported as a current liability. The reason behind this is that unearned revenue is prepaid revenue or advance payments for goods or services that the firm has to provide in the future.  

Unearned revenue is a liability because the goods or services are yet to be provided and there is a chance that the order might get canceled, or seller might not be able to provide to them.

5 0
3 years ago
Suppose that, in a competitive market without government regulations, the equilibrium price of donuts is $1.50 each. Complete th
statuscvo [17]

Answer:

Option A is a price floor, option B is binding and option C is price ceiling.

Explanation:

It is stated that the equilibrium price of a donut is $1.50.

If the government institutes a legal minimum price of $1.80 for a donut, that would be an example of price floor because the price cannot be lower than that. $1.80 is higher than $1.50 so it serves a purpose.

Option B is binding since any donut shop that wants to pay better wages is prohibited from hiring more workers.

The government prohibiting donut shops from selling a donut for more than $1.10 is an example of floor ceiling because the price can not go higher than $1.10.

I hope this answer helps.

4 0
3 years ago
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