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Vladimir [108]
3 years ago
15

The cases filed at The Cross Company related to gender discrimination include one in which a 33-year-old sales representative wa

s not selected for a promotion in spite of receiving excellent performance evaluations each year. She has worked for the company for more than 8 years while Jim, a 26-year-old, was selected for the position although he has only served The Cross Company for 18 months. Which of the following laws may apply to this case?a) Age Discrimination Actb) The Equity Actc) Title VII of CRAd) ADAAAe) Rehabilitation Act
Business
1 answer:
Misha Larkins [42]3 years ago
5 0

Answer:

Title VII of the CRA

Explanation:

Title VII of the Civil Rights Act (CRA) is a landmark federal law that aims to protect employees against discrimination based on race, colour, sex, nation of origin, or religion.

The act was made law in 1964.

In the given scenario a female sales representative with excellent performance review was not promoted for 8 years, while Jim a male sales representative was promoted in just 18 months.

This is a gender based discrimination and is covered by Title VII of the CRA.

Age discrimination does not apply because it addresses discrimination of employees with minimum age of 40 years.

Equity act requires that employees on the same job role are compensated equally. This does not also apply.

Rehabilitation act prevents discrimination based on disability. This does not also apply

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Prepare journal entries to record each of the following sales transactions of a merchandising company. The company uses a perpet
Usimov [2.4K]

Answer: please find the explanation column for answers

Explanation:

journal entry to record the sales transaction of a merchandising company:

Date        Account                           Debit           Credit

Apr 1      Account receivables        $5,400

                   Sales                                                   $5,400

To record cost of goods sold

 Apr 1           Cost of merchandise sold       $3,240

          Merchandise inventory                                   $3,240

2. To record sales  return of goods.

Date        Account                           Debit           Credit

 Apr 4             Sales Return       $620.00  

  Account Receivable                                $620.00

Cost of merchandised returned

Apr 4  Merchandise Inventory        $372.00  

 Cost of Goods Sold                                     $372.00

3.To Record Sales made from merchandise

Date        Account                           Debit           Credit

Apr 8      Account Receivable $2,200.00  

                     Sales                                             $2,200.00

To Record cost of merchandise Sold

Apr 8    Cost of Goods Sold             $1,540.00  

Merchandise Inventory                                        $1,540.00

 

4.Journal to record payment received from sales of merchandise

Date        Account                           Debit                Credit

Apr 11     Cash                   $4,780.00  

Account receivable                                            $4,780.00

Calculation

Amount due from Apr 1 st sale less than return on April 4 =Account receivables - Sales Return=   $5,400- $620=$4,780.00

4 0
3 years ago
Universal Exports is expected to pay the following dividends over the next four years: $8, $4, $2, and $2. Afterwards the compan
tester [92]

Answer:

Maximum price to be paid for the stock = $12.43

Explanation:

The Dividend Valuation Model is a technique used to value the worth of an asset. According to this model, the worth of an asset is the sum of the present values of its future cash flows discounted at the required rate of return.

<em>Hence the value of the stock would be the present value of its future dividend discounted at 15%</em>

Year                                   PV of dividend

1                                          8  ×1.15^(-1)  

2                                           4 ×  1.15^(-2)  

3.                                              2 × 1.15^(-3)    

4                                                  2 × 1.15^(-4)    

PV of dividend =   (8 ×1.15^-1) +  (4 × 1.15^-2)  + (2 × 1.15^ -3) + (2× 1.15^-4) = 12.439

Maximum price to be paid for the stock = $12.43

4 0
3 years ago
A private not-for-profit entity receives three large cash donations: One gift of $75,000 is restricted by the donor so that it c
kupik [55]

Answer:

$310,000

Explanation:

Calculation to determine the increase in the current year in net assets with donor restrictions

Using this formula

Net assets current year Increase=Restricted gift by donor+Restricted gift to pay salary+Restricted gift withheld+Unspent income earned

Let plug in the formula

Net assets current year Increase=$75,000+$95,000+$125,000+$15,000

Net assets current year Increase=$310,000

Therefore the increase in the current year in net assets with donor restrictions will be $310,000

8 0
3 years ago
During the year, Belyk Paving Co. had sales of $2,393,000. Cost of goods sold, administrative and selling expenses, and deprecia
BigorU [14]

Answer:

Cash obtained From Bank $588,100

Explanation:

Lets Solve it By Cash Flow Method To find out Amount of Debt Acquired During the Year.

Cash Inflows

Sales                                                 2393000

Out Flow

Cost of Goods Sold                         (1432000)  Assuming total purchases were made during the year  

Depreciation                                       -               Non-Cash Item

Admin Expense                                 (435700)  Cash Expense

Selling Expense                                 (490700)   Cash Expense

Interest Expense                                (215700)    

Net Inflow/(Outflow)                            (181700)   Net outflow

Dividend Paid                                      (407000)

Total Cash obtain form the bank      (588100)      i.e 181700+407000

To make the payments.  

Assuming that there were no cash at start of the year.

4 0
3 years ago
You want $1.5M to retire in 45 years. You have $15,000 today. If you can deposit the funds in a money market account which earns
sleet_krkn [62]

Answer:

$10,020

Explanation:

The computation of the large amount that should be deposited is shown below:

Future value of annuity is

= Annuity × [(1+rate)^time period-1] ÷ rate

= Annuity × [(1.045)^45-1] ÷ 0.045

= Annuity  × 138.8499651

Future value = Present value (1  +interest rate)^number of years  

where

= $15,000 × (1.045)^45

Now

The  total future value: is

$1,500,000 = $15,000 × (1.045)^45 + Annuity × 138.8499651

$1,500,000 = ($15,000 ×7.24824843) + Annuity × 138.8499651

Annuity  = ($1,500,000 - $108,723.7264) ÷ 138.8499651

= $10,020

4 0
3 years ago
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