Employers can reduce safety dangers and workers compensation costs by investigating all accidents with an eye toward future deterrence.
Definition of Workers' Compensation
Employees who sustain diseases or injuries at work are given benefits under workers' compensation insurance, a sort of commercial insurance. This insurance specifically aids in covering expenses such as medical care, lost wages from missed work, and more. Benefits from workers' compensation insurance might vary by state.
Three ways that workers' compensation insurance safeguards your company. These include things like providing coverage for employee illnesses and workplace accidents, defending your company in legal proceedings, and maintaining compliance with state laws.
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Answer:
The correct answer is letter "A": Terminate the contract for default.
Explanation:
A termination for default takes place when one party on a contract is not able to fulfill the agreement conditions. The party who failed to fulfill the contract obligations can be sued and could be found liable for all the damages caused as a result of the breach of the agreement.
Answer:
Labor Efficiency Variance = $12,480 Unfavorable
Explanation:
Labor Efficiency variance calculates the capacity utilization of labor.
Formula for Labor Efficiency Variance = ( Standard Labor Hours - Actual Hours) Standard Rate
Standard Labor hours for actual output = 10,000 units 2 hours = 20,000 hours
Standard Rate = $12.00
Actual Hours = 21,040 hours
Therefore, Labor Efficiency Variance = (20,000 - 21,040) $12
= - $12,480
Since the value is negative it is unfavorable as actual hours is more than standard hours.
Answer:
Explanation:
Money is any object that is generally acceptable as payment of goods and services and repayment of debts. Money has three functions namely unit of account, store of value and medium of exchange. In the question, Jake was able to compare the prices of the computer, the vacation and the amount in his account using the function of money as a unit of account to make decision to buy the computer. He uses the function of money as a store of value by writing a check for the computer from his account where he had stored the money for a period and it still remain valuable in exchange and he uses the function of money as a medium of exchange to pay for the computer which the seller accepted.