Answer:
True
Explanation:
All businesses, regardless of type or size, must abide by statutes and regulations. Laws comes from all levels of government. Some laws apply to specific sectors, but the majority addresses the entire industry.
Regulations deal with business registration, licensing, and employee compensation. Laws related to professional bodies such as lawyers or doctors must be adhered to by relevant businesses. Governments impose regulations on taxation, statutory deduction, and safety in the workplace.
Following regulations protects the customers, employees, and businesses. An employee who follows the law knows what is expected of them. Following rules will save the company from lawsuits. Employees will feel confident and motivated when they work for a company that follows the law.
Not following the law will cause problems with the tax authorities. It may lead to misrepresentation of financial records or expose employees to hazardous work environments. Such a business will most likely face may lawsuits that come along with huge costs. Not following the law may lead to the collapse of a company.
Answer: $57488.50
Explanation:
The total cost to Ybarra of employing Ince for the year will be calculated thus:
Gross Salary = $53,000
Add: Social security tax = $53000 × 6.2% = $3286
Add: Medicare tax = $53000 × 1.45% = $768.50
Add: SUTA tax = $7000 × 5.4% = $378
Add: FUTA tax = $7000 × 0.8% = $56
Total cost to Ybarra of employing Ince will be $57488.50
It is a true statement that people receive an unemployment insurance benefit payment for more than 21 weeks.
<h3>What is an
unemployment insurance benefit payment?</h3>
This is a benefit that provide a temporary financial assistance to the unemployed workers who meet the requirements of State law.
In most states, the workers are eligible for up to 26 weeks of benefits from the regular state-funded unemployment compensation program.
Therefore, It is a true statement that people receive an unemployment insurance benefit payment for more than 21 weeks.
Read more about insurance benefit
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Answer:
The difference is in how they response to the level of production of the firm.
Variable cost are directly associated with the production level, therefore changes with the number of units produced.
Fixed costs do not change with the level of production and remains fixed. Usually, fixed cost changes with the time.
Periodic Costs are the costs that cannot be capitalised and are incurred for a period of time. Such as administrative costs.
Explanation:
Answer:
The first part of the question is missing:
"We all learn values from sources such as family, religion, and school. Why might these..."
To be honest, most of the time business decisions are not clean cut ethical or unethical, even if you are not doing anything wrong or illegal. When you are doing business you will try to make the largest possible profit and money doesn't just appear from no where, if you earn money, you will be taking it away from someone else. In the best case scenario, you will be giving that customer a higher perceived value than the cost of your product or service, so everyone wins.
But many times, not everyone wins. E.g. you manage a construction company and you will bid for a project, hopefully you will win and make money, but others will lose. Empathy is good for marketing, but very bad for finances.
When thousands of jobs are replaced not by Chinese workers, but instead by computers and robots, it's just bad luck for the unemployed. When large stores like Sears go bankrupt while Amazon surges, good for Amazon, bad for Sears.
