Answer: from $8.00 per pair to $5.33 for a production facility in North America that currently has labor productivity of 5000 pairs per worker and total regular compensation (which does not include overtime pay) of $40,000 annually.
Explanation:
Since we have been informed that the labor productivity be boosted by 50%, since the production facility in North America currently has labor productivity of 5000, then the new labor productivity will be:
= 5000 (1 + 50%)
= 5000 (1 + 0.5)
= 5000 (1.5)
= 7500
Also, since total regular compensation was given s $40,000 annually, the labor cost will then be:
= 40,000 / 7500
= $5.33
<span>Board of Directors of Company. These board of directors have rights to discuss the advantages and disadvantages of acquiring new company.</span>
Answer:
Market share liability
Explanation:
Market share is the fraction or percentage that will be taken of the total available market or the market segment that is being supplied by the company. The responsibility for market share or market share liability is a rule originating in the United States of America, regarding the proof of the causal link and the responsibility of a plurality of causes of the damage.
Under this rule, when it is probable that a plurality of manufacturers of a particular product have caused damage, but it cannot be known for sure who among them caused it to a specific victim, they all respond in proportion to their respective market share . Faced with the possibility of allowing victims to remain empty-handed and manufacturers do not respond at all, or to the fact that they all have to respond jointly, the responsibility for market share may constitute an intermediate route that ensures that the victim can obtain some compensation in proportion to the probability that the defendant caused the damage
Answer:
The complete answers are below.
Explanation:
a) The main difference between Financial Accounting and Managerail Accounting is its purposes and the stakeholders who make use of the information that each one provides.
While financial accounting refers to the aggregation of accounting information in the financial statements, management accounting refers to the internal processes used to account for business transactions.
For instance: Financial accounting reports on the results of an entire business, Managerial accounting reports at a more detailed level. Financial accounting must comply with various accounting standards, whereas managerial accounting does not have to comply with any standards when information is compiled for internal consumption.
b) The financial statements most frequently provide are: Balance Sheet or Financial Position, Income Statement, Statement of cash flows and Statement of Changes in Equity.
c) In general, financial reports and financial statements differ in the formal status of financial statements in business and accounting, and these respond to standards such as GAAP and IFRS. While the financial reports have a format or presentation rules given by management, the financial statements, in the other hand, are prepared on regular basis as specific entities are required to do so according to applicable laws. It can be said that financial accounting provides financial statements and managerial accounting is responsible for financial reports.