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3 years ago

5. When might a company decide that it needs to hire a human resource professional?

Business

1 answer:

Elena-2011 [213]3 years ago

7 0

Answer:

See Below

Explanation:

Below are a few reasons why a business might consider hiring a trained HR officer

It is recommended to hire a Human resource specialist once a company has 50 employees and above. When a business has over 50 employees, it needs someone trained to manage their welfare and other human resources issues.

When a company is growing or expanding rapidly, it requires to employ more people. No matter the size of a business, when a business is hiring people frequently, it needs an HR officer to coordinate the recruitment process.

If a manager spends over 3 hours a day handling employee issues, then it's time to employ a trained HR officer. This gives the manager time to focus on their core mandate. A dedicated specialist will be best suited to address employee issues, which is beneficial to both the company and the employees.

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1. A small-scale businessman deposits money at the beginning of each year into his savings account, depending on the level of th

quester [9]

Answer:

The value of the investment at the time of his first deposit is $1,000.

At the end of the first year, the investment will be worth $1,070.

Explanation:

The value of a deposit investment is determined by the interest rate and time. Time affects the value of an investment by this small-scale businessman in many ways. The passage of time increases the value of his investment. However, the total increase may not be due to the interest rate, but inflation also affects asset's value. For this businessman to make a gain in the investment, the interest rate must be higher than the inflation rate. Otherwise, the investment loses money due to the effects of inflation, which reduces the real value of an asset over time.

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3 years ago

Companies generate income from their "regular" operations and from things like interest on securities they hold, which is called

Gekata [30.6K]

Answer:

$1,500

Explanation:

Given that,

Sales = $9,000

Operating costs = $6,000

Depreciation = $1,500

Interest rate = 7%

Federal-plus-state income tax rate = 40%

Operating income or EBIT:

= Sales - Operating costs - Depreciation

= $9,000 - $6,000 - $1,500

= $1,500

Here, the interest rate and taxes were ignored as we want to determine the operating income or earnings before interest and taxes. Interest on bonds is a non operating income.

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4 years ago

Veneer Company has two service departments and two producing departments. The number of employees in each department is: Personn

nirvana33 [79]

Answer:

Correct option is $27,140.70

Explanation:

Provided information,

Provided number of employees in each department

Personnel 10

Cafeteria 25

Producing department A 316

Producing Department B 339

Department cost of personnel department = $52,440

Using direct method this will be allocated to Producing Departments only

A = 316 employees

B = 339 employees

Total = 655

Therefore cost allocated to Department B = $\frac{52,440}{655} \times 339 = 27,140.70$

Correct option is $27,140.70

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4 years ago

The projected cash flow for the next year for Minesuah Inc. is $100,000, and FCF is expected to grow at a constant rate of 6%. I

Phantasy [73]

Answer:

$2,000,000

Explanation:

Menesuah incorporation has a projected cash flow of $100,000

FCF is expected to grow at a constant rate of 6%

The weighted average cost of capital is 11%

Therefore the value of its operation can be calculated as follows

= 100,000/(11/100-6/100)

= 100,000/0.11-0.06

= 100,000/0.05

= $2,000,000

Hence the value of its operation is $2,000,000

8 0

3 years ago

Qadir Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Vladimir [108]

a. Under variable costing, the unit product cost for the month is $51 ($24 + $27).

b. The preparation of the contribution-format Income Statement for the month under variable costing is as follows:

Sales revenue $483,600 (5,200 x $93)

Cost of goods sold 265,200 (5,200 x $51)

Contribution margin $218,400

c. The absorption costing net operating income for the month is still $218,400 since the fixed cost is not given.

<h3>Data and Calculations:</h3>

Selling price = $93

Units in beginning inventory = 0

Units produced = 5,400

Units sold = 5,200

Units in ending inventory = 200 (5,400 - 5,200)

<h3>Variable costs per unit: </h3>

Direct materials = $24

Direct labor = $27

Learn more about absorption and variable costing systems here: brainly.com/question/25056982

4 0

3 years ago

5. When might a company decide that it needs to hire a human resource professional?​

5. When might a company decide that it needs to hire a human resource professional?