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mr_godi [17]
3 years ago
7

Roddie is 30 years old. He was demoted from his job as a manager at Big Trucks, a company with 10,000 employees. He was replaced

by Bambi, a 45-year-old. Roddie was told that he was a little too young for management. Under the Age Discrimination in Employment Act (ADEA), what are Roddie's options
Business
1 answer:
labwork [276]3 years ago
5 0

The option available for Roddie would be "Roddie has no options under ADEA."

To understand this, we need to go through the terms of 'Age Discrimination Policy in Employment Act;'

  • This Act covers the cases of employees or workers aging either 40 or above who have suffered age-based discrimination.
  • The people aging under 40 are not covered under this act and hence, the benefits can not be reaped by them in any situation.
  • This law doesn't allow the process of giving preference to an older employee over the younger to be considered illegal.

Hence, Roddie has no available options under ADEA as he is below 40(in fact only 30 years old) and he cannot claim under ADEA for justice.

Learn more about 'Age Discrimination in Employment Act (ADEA)' here: brainly.com/question/7239617

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Today, you sold 540 shares of stock and realized a total return of 6.3 percent. You purchased the shares one year ago at a price
GuDViN [60]

Answer:

B. 5.40 percent

Explanation:

Let today's price per share be $X

Total return = [ (New value + Dividend - Old value) / Old price ] *100

Old value = $24 *540 = $12,960

Next, plug in the numbers to the formula;

0.063 = [ (540X + 117  - 12,960)/ 12,960 ]

0.063 = [\frac{540X-12,843}{12,960} ]

multiply both sides by 12,960;

0.063 *12,960 = 540X - 12,843

816.48 = 540X - 12,843

Add 12,843 from both sides and solve for X;

816.48 + 12,843 = 540X

13,659.48 = 540X

Divide both sides by 540;

13,659.48/ 540 = X

X = 25.295

Therefore, today's price per share = $25.30

Capital gains yield= (Today's price - Original price) /Original price

Capital gains yield = (25.295 -24) / 24

=0.05396 or 5.40%

Therefore, Capital gains yield is 5.40%

3 0
3 years ago
A study has been conducted to determine if one of the departments in MSU Company should be discontinued. The contribution margin
SOVA2 [1]

Answer:

c. decrease by $10,000 per year.

Explanation:

The contributing margin of a business is sales revenue less the variable cost to produce the product

Contributing margin refers to the profit that is free to be used by the business to pay fixed costs and reserve as net profit.

In this scenario if the department is discounted the fixed expense will reduce by $40,000

This implies that the net income will increase by $40,000 if the department is discontinued.

If the department is discontinued income from the department will reduce by $50,000. That is -$50,000

Net income= -50,000 + 40,000= -$10,000

4 0
3 years ago
Your new team is working hard, but they are all less experienced than you and don't complete their tasks as quickly
hammer [34]

Answer:

I would personally try to teach them myself since I have more experience and help them get better at their work environment.

Explanation:

8 0
3 years ago
An investment project has annual cash inflows of $4,400, $3,900, $5,100, and $4,300, for the next four years, respectively. The
RoseWind [281]

Answer:

Discounted payback period shall be as follows:

a. 1 year 7.36 months

b. 2 years 3.27 months

c. 3 years 2.9 months

Explanation:

a. Payback period in case of cash outflow = $5,700

For calculating the pay back period we shall firstly discount the cash flows to present value @14 %.

Year         Cash Flow         PV Factor           PV of Cash Flow       Cumulative

                                                                                                            Cash Flow

0                 -  $5,700            1                             - $5,700                    -5,700

1                     $4,400         0.877                         $3,858.8                -$1,841.2

2                    $3,900         0.770                         $3,003                    $1,161.8

Since the cumulative cash flows are positive in 2nd year payback period =

1 + \frac{1,841.2}{3,003} \times 12 = 1 year and 7.36 months

b. Payback period in case of cash outflow = $7,800

For calculating the pay back period we shall firstly discount the cash flows to present value @14 %.

Year         Cash Flow         PV Factor           PV of Cash Flow       Cumulative

                                                                                                            Cash Flow

0                 -  $7,800            1                             - $7,800                    -7,800

1                     $4,400         0.877                         $3,858.8                -$3,941.2

2                    $3,900         0.770                         $3,003                    -$938.2

3                    $5,100          0.675                         $3,442.5                  $2,504.3

Since the cumulative cash flows are positive in 3rd year payback period =

2 + \frac{938.2}{3,442.5} \times 12 = 2 years and 3.27 months

b. Payback period in case of cash outflow = $10,800

For calculating the pay back period we shall firstly discount the cash flows to present value @14 %.

Year         Cash Flow         PV Factor           PV of Cash Flow       Cumulative

                                                                                                            Cash Flow

0               -  $10,800            1                          - $10,800                   -$10,800

1                   $4,400         0.877                         $3,858.8                 -$6,941.2

2                  $3,900         0.770                         $3,003                    -$3,938.2

3                  $5,100          0.675                         $3,442.5                   -$495.7

4                  $4,300          0.592                        $2,545.6                   $2,049.9

Since the cumulative cash flows are positive in 4th year payback period =

3 + \frac{495.7}{2,049.9} \times 12 = 3 years and 2.9 months

Final Answer

Discounted payback period shall be as follows:

a. 1 year 7.36 months

b. 2 years 3.27 months

c. 3 years 2.9 months

7 0
3 years ago
How do you compute net income for a merchandiser. Multiple choice question. Revenues - expenses. Net sales - cost of goods sold.
tester [92]

Answer:

Net income for a merchandiser is computed as:

Net sales - cost of goods sold - other expenses.

Explanation:

Net sales are the sales revenue after deducting sales discounts and allowances.  The cost of goods sold represent the beginning inventory of merchandise and current period's purchases less the ending inventory.  The difference between the net sales and the cost of goods sold is called the gross profit.  From this, other expenses incurred in running the business and generating sales are deducted, including income taxes to arrive at the net income.

7 0
3 years ago
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