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4 years ago

What is the difference between a closed shop and a lockout

Business

1 answer:

pentagon [3]4 years ago

8 0

Answer:

A closed shop refers to business which employs union workers alone, whereas in case of a lockout, such a business does not permit employment of union workers.

Lockout serves as a mean to curb labor union demands. In lockouts, the owners of such businesses lock out or block the entry/employment of union workers.

In case of a closed shop, all the employees represent members of labor union. The two concepts represent exactly opposite scenarios.

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A division has the following data: Sales $320,000, Variable costs $200,000, and Fixed costs $140,000. If the division were elimi

pashok25 [27]

Answer:

Effect on income= $120,000 loss

Explanation:

Giving the following information:

Sales $320,000

Variable costs $200,000

Fixed costs $140,000.

None of the fixed costs are avoidable. Therefore, they shouldn't be taken into account to make the decision.

Effect on income= Sales - varaible cost

Effect on income= 320,000 - 200,000= $120,000 loss

4 0

3 years ago

The chief reason a person becomes a supervisor is his or her work-related knowledge. unique style. strength of personality. conf

Temka [501]

<span>The answer is his or her work related knowledge. While supervisor's also have knowledge, unique style, strength of personality, and confidence, it is the knowledge of their job and the knowledge of the people below them that makes for a great supervisor.</span>

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3 years ago

Blue Spruce Corp. uses the percentage-of-receivables basis to record bad debt expense and concludes that 2% of accounts receivab

dedylja [7]

Answer:

The adjusting journal entry would be:

Debit: Bad debts expense $5,317

Credit: Allowance for Doubtful Accounts $5,317

Explanation:

Debit: Bad debts expense $5,317

Credit: Allowance for Doubtful Accounts $5,317

Explanation of the entry:

Allowance for doubtful debts at the end of the year = $402,000 × 2% = $8,040

Credit balance at the start = $2,723

Allowance for doubtful accounts = $8,040 - $2,723 = $5,317

The Allowance for Doubtful Accounts presently has a credit balance of $2,723 and allowance for doubtful debt at the end of year is $8,040, you need to enter an additional credit amount of $5,317 into the Allowance for Doubtful Accounts. The other part of this adjusting entry will be a debit of $5,317 to Bad Debts Expense.

6 0

3 years ago

An upscale restaurant offers a special fixe prix menu in which, for a fixed dinner cost, a diner can select from four appetizers

Oxana [17]

I guess the answer is 240.

By the <em>mn</em> rule, there are 240 different dinners that are available since,

4×3×4×5 = 240 different dinners

3 0

3 years ago

A revenue manager has a target labor cost of 18% of revenue if the labor cost is $20,000 what Musta revenue be in order for the

Setler79 [48]

Let R stand for Revenue, and L stand for Labor cost... so L = 0.18 x R
To solve for R, divide both sides by .18...
R = L / .18
R = 20,000 / .18
R = $111,111
So Revenue has to be at least $111,111 to achieve the goal.

8 0

3 years ago