An employee is found to have grossly mistreated a client, which the employee has never done before is Termination.
A person engaged by an employer to do a certain task is known as an employee. Employers are in charge of deciding how much an employee is paid, when they work, and how they work. Employees receive advantages that contractors do not in return. A person who completes particular responsibilities for a company in exchange for regular payment is called an employee.
Employees and employers often agree on a salary and benefits packages, such as vacation time and overtime pay.
Employers assume the financial risk of the venture in exchange for greater control over the employee's work, which distinguishes them from independent contractors.
An employee may have a temporary, part-time, or full-time job assignment.
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2016 may 1 Debit Notes Receivable $5,300
Credit Accounts Receivable $5,300
2016 dec 31 Debit Interest Receivable $106
Credit Interest Income $106
2017 may 1 Debit Cash $5,459
Credit Notes Receivable $5,300
Credit Interest Receivable $159
Answer: is realizing an economic profit of $40
Explanation:
The total cost involved in the production will be:
Fixed cost = $100
Variable cost = $3 × 20 = $60
Total cost = $160
The selling price will be:
= $10 × 20
= $200
The economic profit will then be;
= Selling price - Cost price
= $200 - $160
= $40
