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azamat
3 years ago
14

Steelweld, a car parts manufacturer, pays employees a higher hourly rate as they learn to master more parts of the work process.

Employees earn $10 per hour when they are hired and they can earn up to $20 per hour if they master all 12 work units in the production process. What is most likely a benefit Steelweld is trying to achieve with this reward system?
Business
1 answer:
AlexFokin [52]3 years ago
4 0

Answer:

The improvement of workforce flexibility

Explanation:

The work force flexibility may be defined as the strategy of the responding to changing circumstances as well as expectations. It lays emphasizes on the flexibility and the willingness to adapt to change. The employees who approach their work with a flexible mindset are highly valued by the employers.

In the context, Steelweld company pays their employees at a higher hourly rate when they learn to master more work skills. The employees are paid much higher when they master all the 12 work units than they were hired. By doing this, the Steelweld company is trying to benefit and improve the workforce flexibility in their company.

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The federal Social Security Act A. Does not apply to self-employed persons. B. Excludes professionals such as accountants, lawye
Andrej [43]

Answer:

D. Provides that bonuses and commissions paid as compensation are included as wages in the calculation of employer-employee contributions.

Explanation:

As with reference to Sec 312(a) - it clearly states that all the amount rendered by the employer to the employee as in the nature of wages shall be included for computing the value of contributions.

Thus, as the bonuses and commissions are part of wages.

This clearly it creates the understanding that all the bonus and commissions received by the employee shall form part of wages for calculating the value of employer employee contributions towards the funds.

3 0
3 years ago
Nikoto Steel Co. budgeted manufacturing costs for 50,000 tons of steel are:Fixed manufacturing costs $50,000 per monthVariable m
aleksley [76]

Answer:

d) $530,000

Explanation:

The computation of the total manufacturing cost for the march month is shown below

= Fixed manufacturing cost + (produced tons × variable manufacturing cost per ton)

= $50,000 + (40,000 Tons × $12.00 per ton)

= $50,000 + $480,000

= $530,000

hence, the total manufacturing cost for the march month is $530,000

Therefore the correct option is d.

7 0
3 years ago
Mary offered to sell Mike several pieces of rare Chinese art at a very good price because they were duplicates in her own collec
Alekssandra [29.7K]

Answer: She is not.

Explanation:

It would seem as though that Mary got into a type of contract known as an Option Contract or more precisely, a Call Option Contract simply called a Call.

In this type on contract, a seller gives a buyer the right to buy a good or service at a certain price within a set period.

Mary agreed to sell the rare Chinese Art for a certain amount which Mike could not pay but she promised to give him 3 weeks to take it within which he can pay and collect the item.

Mike returned in 2 weeks which was within the range of time allowed and so she should have kept the offer open for the time she said she would.

She is wrong to believe that all she owes him is his down payment. She broke a contract.

4 0
4 years ago
Marin, Inc. redeemed $159,000 face value, 13.5% bonds on June 30, 2022, at 95. The carrying value of the bonds at the redemption
Vadim26 [7]

Answer:

The journal entry is given below:

Explanation:

According to the scenario, the computation for the given data are as follows:

Bonds payable premium = Carrying value - Face value

= $171720 -$159,000  = $12,720

Cash = Face Value × 95% = $159,000 × 95% = $151,050

So,Redemption gain = Carrying value - Cash

= $171,720 - $151,050 = $20,670

So, the Journal entry for the given data are as follows:

Bonds Payable A/c Dr. $159,000

Bonds Payable premium A/c Dr. $12,720

To Redemption gain A/c $20,670

To Cash A/c $151,050

7 0
3 years ago
You are the financial manager for a recreation center that has signed an option to purchase new elliptical machines for $22,500
maria [59]

Answer:

Present Value= $19,652.37

Explanation:

Giving the following information:

You are the financial manager for a recreation center that has signed an option to purchase new elliptical machines for $22,500 in two years. If you have an investment opportunity that guarantees 7% interest.

PV= FV/(1+i)^n

PV= 22,500/ (1.07^2)= $19,652.37

6 0
3 years ago
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