1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dovator [93]
3 years ago
13

George has been working as a laborer at a construction company for five years. He is very diligent on the job and has never been

late. As his skills have grown, he has become more like the manager of the work crew. He makes sure everyone has the correct tools and information to do their jobs effectively. George is a real asset to the team. Today, George shows up at work to discover a work crew manager has been hired to oversee the crew. He discovers that the new manager is paid $20 an hour. To apply equity theory, what additional information do we need
Business
1 answer:
Sauron [17]3 years ago
8 0

Answer:

We need to know how much George is being paid.

Explanation:

Equity theory states that employees are motivated by fairness in the workplace, the definition of fairness here being getting a reward proportional to one's effort, abilities, and job performance.

George is described as a very competitive worker who has become more like the manager of the crew. This statement tells us that he is likely not formally a manager within the organization hierarchy, and could be getting less than $20 an hour, the compensation that the newly hired manager will receive.

According to Equity theory, George should at least be paid $20/hr, or even more, because he has been succesful in managing his coworkers even if he does not hold that title.

You might be interested in
A ______ map shows what the rocks in an area are and what they are made of
earnstyle [38]
A GEOLOGIC map shows what the rocks in an area are and what they are made of. 

". . . . . . <span> the maps we know best </span>show<span> the distribution of roads or rivers or county boundaries, a </span>geologic map shows<span> the distribution of geologic features, including different kinds of </span>rocks<span> and faults."</span>
5 0
3 years ago
Read 2 more answers
So you can retire early, you have decided to start saving $500 a month starting one month from now. You plan to retire as soon a
Mashcka [7]

Answer:

It will take him 45 years

Explanation:

In this question, we are asked to calculate the number of years it would take to accumulate $1,000,000 if there is a plan to save $500 per month at an interest rate of 5%.

To solve this, we use the following mathematical formula:

Future value of annuity = Annuity payment * {(1+r)^n - 1}/r

Where r is the monthly interest rate and n is the number of months it will take.

From the question, we can identify the following;

Since he earns 5% interest on savings, the actual monthly interest rate will be 5%/12 = 0.4167% = 0.004167

Annuity payment = monthly payment = $500

Future value of annuity = $1,000,000

We substitute these values into the equation:

1,000,000 = 500 * [(1+0.004167)^n - 1]/0.004167

8.334 = (1.004167)^n - 1

1+8.334 = (1.004167)^n

9.334 = (1.004167)^n

To get n, we simply take the log on both sides of the equation

Log 9.334= nLog 1.004167

n = Log9.334/Log1.004167

n = 537 months

Question asks to calculate in years

there are 12 months in a year. The number of years it will take will be 537/12 = 44.76 years and that’s approximately 45 years

8 0
3 years ago
On January 1, 2014, Simmons Company sold to Flay Corporation $400,000 of its 10% bonds for $354,118 to yield 12%. Interest is pa
sergeinik [125]

Answer:

$21,322

Explanation:

The computation of the  interest expense for the six months ended December 31, 2014 is shown below:

On January 1

The face value of the bond = $400,000

Carrying value of the bond = $354,118

So, unamortized discount is $45,882 ($400,000 - $354,118)

On July 1

The interest expense = $21,247 ($354,118 × 12%) ÷ 2

The interest payment = $20,000   ($400,000 × 10%) ÷ 2

So, the discount amortized is

= $21,247 - $20,00

= $1,247

The face value = $400,000

The unamortized discount is $44,635   ($45,882 - $1,247)

The carrying value of the bond $355,365    ($400,000 - $44,635)

On December 31,2014

The interest expense = $21,322          ($355,365 × 12%) ÷ 2

The interest payment = $20,000   ($400,000 × 10%) ÷ 2

6 0
3 years ago
​Jane and Smith are considering the purchase of a home in downtown Minneapolis. They approached Larson's Mortgagers Inc. to arra
dmitriy555 [2]

Answer:

prequalification

Explanation:

<em>Prequalification</em> is used as an initial assessment of the applicant's ability to access a loan. Prequalification is used in a mortgage process, to give people who run the loan a general idea of ​​how much a person can borrow and for what type of loan terms they could qualify.

5 0
3 years ago
Define opportunity cost, please!<br><br> Thank you!
Brut [27]

Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.

6 0
2 years ago
Read 2 more answers
Other questions:
  • What can communicators do to ensure facts, rather than vague impressions, are shared?
    7·1 answer
  • Delos, Inc. reports the following information for​ April: Sigma Gamma Units sold 2 comma 000 units 800 units Sales price per uni
    9·1 answer
  • A firm has a fixed cost of $200 in its first year of operation. When the firm produces 99 units of output, its total costs are $
    14·1 answer
  • Bechtel Machinery stock currently sells for $65 per share. The market requires a 14 percent return on the firm's stock. The comp
    12·1 answer
  • Chelsea has vivid childhood memories of Saturday mornings when her father used to take her out to a restaurant for breakfast. It
    9·1 answer
  • Suppose Fred has a payroll check from his place of employment, Kelsey's Pub. He then endorses the back of a check and gives it t
    13·1 answer
  • Help <br> Need for a test
    6·1 answer
  • In a relatively new neighborhood with 524 homes, 72 houses were sold. The turnover index in this neighborhood is
    6·1 answer
  • How do the courts make law?
    9·1 answer
  • chris and his best friend jason have just opened a specialty beer bar in phoenix, arizona. they know the bottom-line profit they
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!