Answer:
Royal Chocolatier is licensing their product line to American Candy.
Explanation:
Licensing agreements are useful because both the licensee (company receiving the license) and licensor (company granting the license) are benefited:
- The licensor benefits since the licensee bears all the costs and risks of the new activity.
- The licensee is able to sell a well established and recognized brand without having to develop the brand themselves.
Licensing results in the licensee bearing the costs and risks.
We know he is paid $4,200, and we also know he makes 2% on everything over $50,000. He made $60,000 which is $10,000 over the minimum, so he made 2% of $10,000. Multiply 0.02 times 10,000 and you get 200. We then add 200 to his base pay of 4,200 and we get 4,400.
The answer is B- $4,400.
Hope that helps!
Answer:
A.$2,250
B.$1,152
Explanation:
A.
$1500 + 3000*[3000/12000]
$1,500 + $750
= $2,250
B.
{[820/12000]*3000} + {[820/1300]*1500}
=$205 +$946
=$1,152
Answer: (E)
A pay policy line "reflects the pay structure in the market, which always matches rates in the organization."
Explanation:
A company will usually consider the the general pay structure of its market while setting its own pay level. This helps prevent the company from overpaying or underpaying its employees.
This pay level the company sets its pay at, is called a pay policy line.
Answer:
taking a physical count of inventory on hand
Explanation:
The Physical Inventory Worksheet is used when taking a physical count of inventory on hand. This is the only way to tell how many items are really available for sale and allows a business to do it efficiently. An example would be counting the number of steaks the restaurant has on hand on a Saturday afternoon. This also allows the business to analyze the expected sales with the actual inventory in order to determine whether or not they need more.
