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Pie
3 years ago
6

Why are the three separate occupations of plumbers, pipefitters, and steamfitters grouped together by the Department of Labor?

Business
1 answer:
Scorpion4ik [409]3 years ago
5 0

Answer:

Their duties are related, and their knowledge overlaps.

Explanation:

The Department of Labor of the United States, is the department that administers occupational safety, salary, working hours, etc. The department oversees the welfare of those who earn wages, seeking jobs, or retired people.

The Department of Labor grouped together the three separate occupations of plumbering, pipefitting, and steamfitting because their duties are somewhat related, and skills and knowledge intersect with each other.

<u>The duties performed by plumbers, pipefitters, and steamfitters include installing of pipes, fixing pipes, inspection of pipelines and pipe systems, repairment of pipes, etc. And the knowledge of pipe of all three occupations is also similar. It includes pipe system design, safety, tool use, etc.</u>

Thus the Department grouped them together because they have overlapping skills and knowledge, and similar duties. Therefore, the correct answer is the last option (D).

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1. Russell's of Townville needs to borrow $48,000 for one year. The bank requires a 10 percent compensating balance on any amoun
babunello [35]

Answer:

D. 10.0%

Explanation:

As the bank reqiresd 10% compensating balance the actual amount unrestricted for the loan is 48,000 x (1 - 10%) = 43,200

and from this amount we have to solve for the effective rate:

principal x rate = interest

48,000 x 0.09 = 4,320

now we divide the interest over the actual principal to know the effective rate:

4,320 / 43,200 = 0.10 = 10%

8 0
3 years ago
A corporate bond with a 6% coupon (paid semiannually) has a yield to maturity of 7.5%. The bond matures in 20 years but is calla
Zina [86]

Answer:

Yield to Call = 8.66%

Explanation:

The computation of the yield to call is shown below:

First determine Current Price of Bond,

PV = [FV = 1,000, PMT = 30, N = 40, I = 0.075 ÷2]

PV = $845.87

Callable Price = $1,050

Now

Calculating Yield to Call,

I = [PV = -845.87, FV = 1,050, N = 20, PMT = 30]

I = 8.66%

Yield to Call = 8.66%

8 0
3 years ago
Analyze if the investment in new equipment is profitable based on the information given below. Cost of new equipment $66,000 Yea
katrin [286]

Answer:

D

Explanation:

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator  

Cash flow in year 0 =  $-66,000

Cash flow each year from year 1 to 4 = $20,000

IRR = 8.16%

For the project to be profitable, the IRR has to be greater than the desired rate of return

Since the IRR (8.16%) is lower than the desired rate of return (10%), the project isn't profitable

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

8 0
4 years ago
LaQuesha Jackson has made a considerable fortune. She wishes to start a perpetual scholarship for engi- neering students at her
jarptica [38.1K]

Answer:

A)  EUAC = 38625.09 / 3.4869 = 11077.354

B) $83225.79

Explanation:

A ) Determining the EUAC  of providing the scholarship

EUAC = sum of present values / sum of present value factors

present value is calculated as ( p ) =  year * present value factor

the present value factor for the various(4) years are : ( 1.000, 0.9091,0.8264,0.7513 ) = 3.4869

present value for the 4 years =( $10000 , $9,090.91, 8264.46, 11269.72 )

total = $38625.09

therefore EUAC = 38625.09 / 3.4869 = 11077.354

B ) THE MONEY LAQUESHA MUST DONATE

interest rate for perpetuity = 1.10 ^4 - 1

                                             = 1.4641 -1 =  0.4641

therefore amount to be donated = total present value / interest rate for perpetuity    

= 38625.09 / 0.4641  = $83225.79

3 0
3 years ago
Complete the following sentence.
babunello [35]

Answer:

The answer is "Mission".

Explanation:

Vision is a dream. In fact, it is the dream of the founders of where the business will go and what it will do!

Mission is the foundation of realization of the Vision and afterwards the organizational strategies and objectives are created based on the mission.

having a realist and attainable mission is a must for an organization to thrive!

4 0
3 years ago
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