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3 years ago

Labor and employers agreed to a new ""social contract"" that included all of the following provisions EXCEPT:

1 answer:

5 0

Correct/Complete Question: Labor and employers agreed to a new "social contract" that included all of the following provisions EXCEPT:

A) employers required the National Association of Manufacturers to accept the right of workers to organize unions.

B) unions left decisions regarding capital investment in management's hands.

C) unions left decisions regarding plant location in management's hands.

D) employers granted wage increases.

E) employers extended pensions and health insurance to workers.

Answer:

A, employers required the National Association of Manufacturers to accept the right of workers to organize unions.

Explanation:

A social contract is an agreement made between the superiors and subordinates defining the rights and duties of both parties. Since this contract has spelt out the duties of each, the Manufacturer's Association doesn't expect workers to set up unions.

i hope this helps.

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Following are the transactions of a new company called Pose-for-Pics

Assoli18 [71]

Answer:

Pose-for-Pics

1. T-accounts:

Cash

Date Accounts Titles Debit Credit

Aug. 1 Common stock $6,500

Aug. 2 Prepaid Insurance $2,100

Aug. 5 Office supplies 880

Aug. 20 Photography Fees 3,331

Aug. 31 Utilities 675

Aug. 31 Balance $6,176

Common Stock

Date Accounts Titles Debit Credit

Aug. 1 Cash $6,500

Aug. 1 Photography Equipment 33,500

Aug. 31 Balance $40,000

Photography Equipment

Date Accounts Titles Debit Credit

Aug. 1 Common stock $33,500

Prepaid Insurance

Date Accounts Titles Debit Credit

Aug. 2 Cash $2,100

Office Supplies

Date Accounts Titles Debit Credit

Aug. 4 Cash $880

Photography Fees

Date Accounts Titles Debit Credit

Aug. 20 Cash $3,331

Utilities

Date Accounts Titles Debit Credit

Aug. 31 Cash $675

2. Pose-for-Pics

Trial Balance

As of August 31:

Accounts Titles Debit Credit

Cash $6,176

Common stock $40,000

Equipment 33,500

Prepaid Insurance 2,100

Office supplies 880

Photography Fees 3,331

Utilities expense 675

Totals $43,331 $43,331

Explanation:

T-accounts are the general ledger accounts where the transactions of Pose-for-Pics are summarized. From the T-accounts, the Trial Balance can be prepared to show the list of account balances from the general ledger. The Trial Balance forms the first basis for the preparation of financial statements after adjustments have been made for accruals, prepayments, deferred revenue, and depreciation expenses. The Trial Balance may also show that the accounts have been correctly posted with corresponding debit and credit entries.

6 0

2 years ago

Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in $ millions) Assets 2006 2005 Liabilities and St

aliina [53]

Answer:

C. 1.3

Explanation:

market to book ratio = market capitalization / book value

market capitalization = total stocks outstanding x stock price = 10,200,000 stocks x $16 = $163,200,000
book value = stockholders' equity = $125,600,000

market to book ratio = $163,200 / $125,600 = 1.299 ≈ 1.3

The market to book ratio basically measures a company markets value versus its book value. Generally, if a company is profitable and successful, its market to book ratio should be higher than 1.

6 0

3 years ago

You have $12,500 you want to invest for the next 30 years. You are offered an investment plan that will pay you 7 percent per ye

lubasha [3.4K]

Answer:

Balance after 30 years = $151,018.50

Explanation:

In order to calculate this, we will calculate the future value on an amount invested, gaining interest over the years of investment, and this is given by:

$FV = PV (1 + r)^{t}$

where:

FV = future value

PV = present value

r = interest rate

t = time in years.

Hence the future value is calculated as follows:

1. For the first 10 years at 7% interest:

7% interest = 7/100 = 0.07

$FV = 12,500 (1 + 0.07)^{10}$

$FV = 12,500 (1.07)^{10}\\FV = 12,500 * 1.967 = 24,589.392$

2. For the last 20 years at 9.5%(0.095) interest:

Note that for the remaining 20 years, the present value (PV) used = 24,589.392, as ending balance after the first 10 years

$FV = 24,589.392 (1 + 0.095)^{20}$

$FV = 24,589.392 (1.095)^{20}\\FV= 24,589.392 * 6.1416\\FV = 151,018.496$

Total Future value earned = $151,018.50

5 0

2 years ago

If a $4,000 debit to Equipment in a journal entry is incorrectly posted to the ledger as a $4,000 credit and the ledger account

Dovator [93]

Answer:

The totals of Trial balance have a difference of $8,000. The credit balance totals of Trial balance is higher than the debit totals because the original entry of debit is mission and there is an wrong posing on the credit side which reduce the debit balance by $4,000 and Increase the credit balance by $4,000 at the same time. Net effect will be $8,000 in totals of trial balance.

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2 years ago

Match each Act to its purpose.

Marta_Voda [28]

Credit CARD Act

↓

Protects consumers from unfair credit card billing practices.

Patriot Act

↓

Prevents, detects, and prosecutes international money laundering

Identity Theft and Assumption Deterrence Act

↓

Criminalizes identity theft

Dodd-Frank Act

↓

Educates consumers so that they can protect themselves from unfair practices.

4 0

2 years ago