Answer:
Dennis can give voice to his values in the upcoming meeting by suggesting that management does not retrench any of the low-skilled staff since employee retention is valued more than short-term profits. Again, he can suggest that instead of retrenching some employees, all employees can have their salaries reduced minimally after due consultations.
Explanation:
Since the company is still making profits, employees can be consulted and an agreement reached with management to reduce or remove some benefits during the recession. This move ensures that no employee is laid out. Retrenching employees during periods of recession always exacerbates the recessionary problems instead of resolving them.
Answer:
Total amount = $10906400
He would receive = $ 45443.33 every month
Explanation:
Ken invested $1.6 million at 9.6% for 20 yes compounded monthly.
n = 20*12= 140
t = 20
P= 1600000
R= 9.6% = 0.096
Amount A is equal to
A = p(1+r/n)^(nt)
A =
1600000(1+(0.096/140))^ (140*20)
A =
1600000(1 + (6.857*10^-4))^(2800)
A= 1600000(1.0006857)^2800
A = 1600000*6.8165
A = 10906400
Every month, he will get
10906400/(12*20)
= 10906400/240
=$ 45443.333
Answer:
Minstrel Show
Explanation:
The Minstrel Show was a 19th-century theater format in which white artists played black people. Interpretations were pejorative, where blacks were interpreted as ignorant, lazy, and comic people. It is noteworthy that these shows took place in the context of the American civil war, where there was still slave culture.
Answer:
Check the following definitions
Explanation:
a. Maturity matching simply means that long term funds should be used to finance long term assets and short term funds should be used to finance short term assets.
That means, long terms funds will finance fixed assets and permanent working capital while short term funds will finance temporary working capital.
If permanent assets are financed with short term funds, then refinancing risk arises, i.e. borrower has to refinance the loan at its maturity date which is of a shorter period. On the other hand if long term funds are used to finance short term assets, then interest has to be paid for the longer period when funds are not even used.
b.
Aggressive approach :
Under the aggressive approach, the firm finances all temporary current assets and some of its permanent current assets with short-term sources of financing. This approach relies more heavily on short-term financing than the other approaches. This brings a little refinancing risk and decrease in profits as short term funds are costlier than long term funds.
Conservative approach:
Under the conservative approach, the firm finances long-term assets, all permanent current assets, and some temporary current assets with long-term sources of funds. This approach relies more heavily on long-term financing than the other approaches. This involves higher pay back period which involves more interest outflow.
c.
Generally, all the approahes have their own advantages and disadvantages. The decision of chosing the approach depends on the circumstances of the entity as to requirement of funds, pay back period etc. But the maturity matching approach can be said to be better as it maintains balance between inflow and outflow of funds.