Once a company reaches 50 or more employees, and meets any of the below criteria, it has 120 days to create an Affirmative Action Plan. Every year the company remains larger than 50 employees and meets the federal contracts guidelines listed below, it is required to update the plan to track changes in employee population and employee transactions.
In some instances, companies are required to implement an Affirmative Action Plan without a direct government contract. If government contractors purchase at least $50,000 worth of goods to fulfill their obligations on a government contract, then the goods’ seller is also subject to the OFFCP’s laws.
A prime example is a hardware company which sells screws to a company that builds Navy submarines. Although there’s no direct contract with the government for the hardware company, accepting the order as part of a government contract makes it a bill of lading, and if it exceeds $50,000 total revenue on those deals, then both sides must comply with Affirmative Action law.
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Answer</h3>
To address employees concerns and provide details about relocation.
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</h3>
Explanation
CEO Jim Lent addressed the employees at Toyota to their concerns and to inform them about the relocation that is planned at a board level and then it is to be implemented.
CEO of Toyota is therefore addressing the employees to provide them details about relocation and to address their concerns.
<h3>Conclusion</h3>
Jim Lent CEO of Toyota, addressed the employees to provide them details about relocation and to address their concerns.
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Answer:
The annual rate of return is -2.83%
Explanation:
The annual rate can be calculated from the formula FV=PV*(1+r)^N
Where FV is the future value of the investment
PV is the amount invested which is $276,500
N is 9 years
213600=276,500*(1+r)^9
213600/276500=(1+r)^9
divide index on both sides by 9
(213600/276500)^1/9=1+r
(213600/276500)^1/9-1=r
r=-0.02827109
r=-2.83%
Hence the annual rate of return on the investment is -2.83%, which means the investment depleted by 2.83% from initial invested amount of $276,5000 to $213,600 after nine years
Based on the selling price of the car and the cost to work on it, Savion should sell the car now for $3,800.
<h3>Why should Savion sell the car?</h3><h3 />
The profit if he works on the car is:
= Selling price - Addtional work cost
= 5,800 - 2,400
= $3,400
The profit from selling the car is $3,800 which is more than the profit if additional work is done of $3,400.
The $4,000 is irrelevant as it is a sunk cost.
Find out more on sunk costs at brainly.com/question/13695005.
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Answer:
b. $233,100 tax expense
Explanation:
The computation of the current income tax expense or benefit is shown below:
But before that first we have to need to find out the taxable income i.e
= Pretak book income + increase in net reserve warranties + exceeded amount - dividend deduction
= $1,000,000 + $25,000 + $100,000 - $15,000
= $1,110,000
Now to find out the current income tax expense since the tax rate is not given so we assume the marginal tax rate i.e 21%
So,
= $1,110,000 ×21%
= $233,100
By multiplying the taxable income with the tax rate we can get the income tax expense
