The third party that the labor union members and LKS Inc. would need is a mediator.
A mediator is someone who helps with resolving conflicts between two group members or more by using certain communication and negotiation skills. A mediator must be a neutral party that are not associated with any of the parties involved in the conflict. In the context of law, mediator is part of fours way of coming to a resolution known as alternative dispute resolution, together with negotiation, collaborative law, and arbitration.
Answer:
The answer is option B) without a carefully calculated financial plan, a firm has little chance for survival, regardless of its product or marketing effectiveness.
Explanation:
The financial plan of an organization also known as financials is a record used to determine how a business will afford to achieve its strategic goals and objectives.
The Financial Plan collates each of the activities, resources, equipment and materials that are needed to achieve these objectives and specify time frames involved.
A financial plan contains a sales forecast, expense budget, cash flow statement, income projections, asset and liabilities, depreciation table, break even analysis and pre-operating costs. It shows whether the firm is making profit or running at a loss.
It is usually prepared in a spreadsheet.
This plan is what the bank and investors will need to evaluate your business.
Without a carefully calculated financial plan, a firm has little chance for survival, regardless of its product or marketing effectiveness.
Answer:
$1,010,000
Explanation:
Calculation of Pension Expenses
Particulars Amount
Service cost $520,000
Add: Amortized prior service expenses $105,000
Add: Settlement amount ($665,000) ($6,650,000*10%)
Less: Expected return <u>($280,000)</u> ($3,500,000*8%)
Pension Expense for 2021 <u>$1,010,000</u>
Good record entry is important in business, adjusting entries will include record of goods that was previously purchased.
<h3>
What is Journal entry?</h3>
Journal entry contains business details or data to a single business transaction. It includes the date, the amount payable for a particular good and the amount to be debited.
Adjusting entries include records that has changes to accounts that are not otherwise accounted for in the journal earlier.
Therefore, Adjusting entries will record taking a discount when paying for goods previously purchased.
Learn more on Journal entry here,
brainly.com/question/14279491
Answer:
b. every firm with 50 or more full-time employees must purchase health insurance for their full-time employees or pay a $2,000 fine per employee.
Explanation:
An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.
Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).
Hence, while an employer may be the owner of a business firm or company, an employee is a subordinate employed to provide unwavering services to the employer while also, being professional and diligent at all times.
The employer mandate of the Patient Protection and Affordable Care Act (PPACA) requires that every firm with 50 or more full-time employees must purchase health insurance for their full-time employees or pay a $2,000 fine per employee.