Calculation of Present values of Severance pay
Cash Paid Now 118000
Present value of the payment 122857.02(129000*0.95238)
made 1 year from now
Present value of Annuity Pay 139581.475 (27500*5.07569)
Present value 380438
Employees often receive a severance pay at the end of their employment. This is usually based on the length of service the employee is entitled to upon retirement. The Fair Labor Standards Act (FLSA) does not require severance pay.
Some employers choose to provide severance pay to employees who have been dismissed involuntarily or voluntarily. The main reason for offering severance pay is to soften the blow of involuntary layoffs and avoid future lawsuits by having employees sign releases in exchange for severance pay.
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Answer:
Off boarding
Explanation:
Off boarding: It is also known as "employee exit management". It is the formal separation between an employee and a company through resignation, termination, or retirement.
It is the process in which an employee leaves the company, for which they have previously worked within the scope of a work or service contract.
Off boarding is the formal processes which revolves round an employee's exit from an organization through voluntary resignation, layoffs or termination.
It includes all decision that takes place following the exit of an employee. The off boarding process includes revoking the employees access to organization's data and finding a replacement for the employee.
Answer:
$49,950
Explanation:
X = amount in account
Make (x times the interest rate) equal to the $9.99 you will need to earn to cover the fee.
.02%* x = 9.99
.0002x= 9.99 (Divide both sides by .0002)
x = $49,950
With such a small interest rate, you will need to have a large sum of money in order to earn enough to cover the fee.
Answer: right to know laws
Explanation: Under the laws of right-to-know, it is the right of workers to avail their employers information on the hazardous chemicals at the workplace. This is in accordance with the OSHA standards and is therefore applicable to manufacturing companies, particularly those producing chemicals or using chemicals.
This law specifies perspectives such as:-
1. Employer must maintain a list of all hazardous products in the work place.
2. Labeling of chemical containers must be done.
3. Material safety data sheets must be prepared.
4. Workers must be trained to use such chemicals.
Based on the information given, Martha is incorrect. Sam's quantity demand has decreased.
<h3>
What is demand?</h3>
Demand means the quantity of a good and services that consumers are willing and able to buy at various prices during a given period of time
In this case, Martha is incorrect. This is because Sam's quantity demanded has decreased, and his demand has not changed.
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