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iren2701 [21]
3 years ago
13

Jamie works as a barista at Coffee-Ha-Ha, a small chain ofthree coffee houses, in the main facility located in Paradise, New Jer

sey with 60 other employees. He has worked there full time for 18 months. His wife has called with some bad news. His mother was driving with Jamie's 10-year-old daughter, Delores, and has had an accident severely injuring both of them. Jamie has asked his employer for leave under the Family Medical Leave Act. Which of the following is true?
a.Jamie is not entitled to the leave because the number of hours hehas worked during the preceding 12 months is less than what is required by law.
b.The provisions of this Act apply only to females.
c.Jamie is only entitled to the leave to take care of his daughter.
d.Granting the leave is entirely at the discretion of the employer; the employer does not permit him the leave as it would hamper the functioning of Coffee-Ha-Ha.
e.Jamie is entitled to leave for taking care of his mother-in-law and daughter, regardless of his daughter‘s age.
Business
1 answer:
Eduardwww [97]3 years ago
8 0

Answer:

C) Jamie is only entitled to the leave to take care of his daughter.

Explanation:

The Family and Medical Leave of 1993 applies to all public entities, schools, and businesses with 50 or more employees. In this case, Coffee-Ha-Ha is included since it has 61 employees (including Jamie).

This law provides employees with up to 12 weeks of unpaid leave for:

  • Birth and care of the newborn child .
  • Placing a child for adoption or foster care.
  • Take care of family member (spouse, <u>child</u>, or parent) with a serious health condition
  • Take medical leave when unable to work due to a serious health condition.

Jamie cannot take a leave for taking care of his mother in law, but he can take an unpaid leave for taking care of his daughter.

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The common stock of Buffalo Inc. is currently selling at $113 per share. The directors wish to reduce the share price and increa
ruslelena [56]

Answer:

Buffalo Inc.

a. Journal Entry:

No journal entry required except a memorandum to record the split.  

b. Journal Entry:

Debit Stock Dividend (Retained Earnings) $84 million

Credit Stock Dividend Distributable $84 million

To record the declaration of a 100% stock dividend.

When issued:

Debit Stock Dividend Distributable $84 million

Credit Common Stock $84 million

To record the issuance of stock dividends.

2. Both methods increase the outstanding number of shares by 100%.  However, with a stock split of 2-for-1, there is no journal entry except a memorandum record to state the split.

Secondly, with a stock split or 2-for-1, the market price is also halved.  This does not happen with a stock dividend.  The market forces will determine and correct the market price to an acceptable level.  A stock dividend requires some accounting entries to be made.

Explanation:

a) Data and Calculations:

Current market price of common stock per share = $113

Par value per share = $10

Book value per share = $68

Shares issued and outstanding = 8.40 million

a. The board votes a 2-for-l stock split:

Shares outstanding = 16.80 million shares

Market price = $56.50

Journal Entry:

No journal entry required except a memorandum to record the split.  The value of common stock remains the same.

b. The board votes a 100% stock dividend:

Shares outstanding will increase to 16.80 million shares

Market price = $113 and level off based on demand and supply.

Journal Entry:

Stock Dividend (Retained Earnings) $84 million

Common Stock $84 million

5 0
3 years ago
1. Owner is the of all employees. a.planning b. open-minders c.creativity D.professional​
Ilia_Sergeevich [38]

Answer:

D. i believe

Explanation:

4 0
3 years ago
7. Problems and Applications Q7 A dozen eggs cost $0.96 in December 2000 and $2.75 in December 2015. The average wage for worker
Novay_Z [31]

Answer:

By what percentage did the price of a dozen eggs rise?

  • [($2.75 - $0.96) / $0.96] x 100 = 186.46%

By what percentage did the wage rise?

  • [($21.26 - $14.28) / $14.28] x 100 = 48.88%

In order to earn enough to buy a dozen eggs, a worker had to work <u>4.04</u> minutes in December 2000 and <u>7.76</u> minutes in December 2015.

  • ($0.96 / $14.28) x 60 = 4.04 minutes
  • ($2.75 / $21.26) x 60 = 7.76 minutes

Workers' purchasing power in terms of eggs between 2000 and 2015.

  • purchasing power in terms of eggs in 2000 = 14.875 dozens of eggs per hour
  • purchasing power in terms of eggs in 2015 = 7.76 dozens of eggs per hour

3 0
3 years ago
Which of these would most likely cause an increase in the price of an item?
EastWind [94]
One of the main cause is an expansion in the cost of raw materials for a certain product. The law of expanding costs is a rule that expresses that once all components of creation are at most extreme yield and proficiency, delivering more will cost more than normal. As generation builds, the open door cost does also.
3 0
3 years ago
James needs to write a business letter. Write a note to James offering him some tips.
Kaylis [27]

Answer:

Sender's Address. The sender's address usually is included in letterhead. ...

Date. The date line is used to indicate the date the letter was written. ...

Inside Address. The inside address is the recipient's address. ...

Salutation. ...

Body. ...

Closing. ...

Enclosures. ...

Typist initials.

Explanation:

5 0
2 years ago
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