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luda_lava [24]
3 years ago
14

__________ is the process by which representatives of a union meet with representatives of management to negotiate a contract fo

r workers.
Business
1 answer:
Digiron [165]3 years ago
6 0

Answer:

The name of the process here is collective bargaining.

Explanation:

Collective bargaining can be defined as a process of negotiation between management  ( or employers ) and the group of workers ( labor unions in most cases ), where the main objective is to come on an agreement regarding regulating salaries of employees, better working environment and various other aspects of workers compensation and rights for the workers. Most commonly he interest of workers are represented by trade unions .

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The following information was taken from the records of Marigold Inc. for the year 2020: Income tax applicable to income from co
ivolga24 [154]

Answer:

Net income is $312,610.

Explanation:

This can then be prepared as follows:

Marigold Inc.

Single-Step Income Statement

For the Year 2020

<u>Particulars                                                               $                        $ </u><u>        </u>

<u>Revenue</u>

Sales Revenue                                               1,634,000

Rent revenue                                                      34,400

Gain on sale Of equipment                          <u>      81,700  </u>

Total revenue                                                                          1,750,100

<u>Expenses</u>

Cost of goods sold                                         (731,000)

Selling expenses                                           (258,000)

Administrative expenses                              (206,400)

Loss on write-down of inventory               <u>     (51,600)  </u>

Total expenses                                                                  <u>   (1,247,000)  </u>

Operating income before tax                                                 503,100

Tax on income from continuing

operations                                                                         <u>     (160,820)  </u>

Income from operation after tax                                           342,280

<u>Other income (loss ) (net of tax) </u>

Unrealized holding gain on

available-for-sale securities (net of tax)                               <u>   12,900  </u>

Income from continuing operations

after tax                                                                                   355,180  

<u>Discontinued operations</u>

Loss on discontinued operations

before tax                                                        (64,500)

Tax on loss on discontinued operations       <u>  21,930  </u>

Loss on discontinued operations after tax                        <u>   (42,570)  </u>

Net income                                                                          <u>    312,610  </u>

Earning per share

(Net income / Number of Shares outstanding)                           3.13

5 0
2 years ago
Why is real GDP a more accurate measure of an economy's production than nominal GDP?
Verizon [17]

Answer:

The correct answer is option B.

Explanation:

Nominal GDP measures economic growth at current prices. It measures the value of output produced on the basis of current prices. It is thus not an inflation measure of economic growth as it includes the change in the price level.  

Real GDP is an inflation-adjusted method to measure economic growth. It measures a change in economic output on the basis of constant. It is thus considered a more accurate measure of the economic growth of a nation as it is not influenced by changes in the price level.

6 0
3 years ago
Prepare journal entries to record each of the following transactions of a merchandising company. The company uses a perpetual in
k0ka [10]

Answer:

Nov 05

Dr Merchandise inventory 9,000

Cr Accounts payable 9,000

Nov 07

Dr Accounts payable 350

Cr Merchandise inventory 350

Nov 15

Dr Accounts payable 8,650

Cr Merchandise inventory 346

Cr Cash 8,304

Explanation:

Preparation of Journal entries

Based on the information given we were told that on Nov. 5 the company Purchased 900 units of product at the amount of $10 per unit which means that the Journal entry will be:

Nov 05

Dr Merchandise inventory 9,000

Cr Accounts payable 9,000

(900 units *$10 per units)

Based on the information given we were told that the company on Nov. 7 Returned 35 defective units from the the month of November 5 purchase in which they received full credit which means that the Journal entry will be:

Nov 07

Dr Accounts payable 350

Cr Merchandise inventory 350

(35*$10 per units)

Based on the information given we were told that the company on Nov. 15 Paid the amount of money due from the month of November 5 purchase in which they minus the return on November 7 which means that the Journal entry will be:

Nov 15

Dr Accounts payable 8,650

(9,000- 350)

Cr Merchandise inventory 346

(4%*8,650)

Cr Cash 8,304

(8,650-346)

8 0
3 years ago
Presented below is information related to Splish Company at December 31, 2020, the end of its first year of operations.
elena-s [515]

Answer:

a. $131,880

b. $167,310

c. $156,050

d. $151,390

Explanation:

(a) Income from operations

Income from Operations is Income resulting from Primary Trading Activities of the Company.

Income from Operations = Gross Profit + Operating Income - Operating Expenses

where,

Gross Profit = Sales - Cost of Goods Sold

                    = $334,910 - $149,030

                    = $185,880

thus,

Income from Operations = $185,880 - $54,000 = $131,880

(b) Net income

Income resulting from Primary and Secondary Trading Activities of the the Company.

Net income = Income from Operations + Non Operating Income - Non Operating Expenses

                   = $131,880 + $32,710 + $9,080 - $6,360

                   = $167,310

(c) Comprehensive income

Income from both Continuing and Non - Continuing Activities.

Comprehensive income = Net income + Non - Continuing Activities

                                         = $167,310 - $11,260

                                         = $156,050

(d) Retained earnings balance at December 31, 2020

The Income remaining after distributions to shareholders have been made.

Retained earnings = Comprehensive income  - Dividends

                               = $156,050 - $4,660

                               = $151,390

8 0
3 years ago
Which of the following statements is true? a. The production budget is not converted into dollars. b. The sales budget includes
Svetllana [295]

Answer:

e. All of these choices are correct.

Explanation:

Note:

Statement a. about production budget is correct as the production budget only estimates number of units to be produced, in quantity and not in dollars and therefore is not converted into dollars.

Statement b. about sales budget is also correct as it shows the quantity in units and also in value.

Statement c. about overhead budget is also correct as the budget segregates variable and fixed overheads properly.

Statement d. about labor budget is correct, as in this budget an average rate is used for calculating the expenses.

Therefore all of the above is correct.

8 0
3 years ago
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