For the Age Discrimination in Employment Act to apply Lomax must be forty years of age or older.
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What is Age Discrimination in Employment Act?</h3>
- Age discrimination against anyone over the age of 40 is prohibited by the Age Discrimination in Employment Act (ADEA).
- It does not cover workers under the age of 40, while some states have legislation prohibiting age discrimination against younger workers.
- Certain applicants and employees 40 years of age and older are protected from age discrimination in hiring, promotion, discharge, salary, or terms, conditions, or privileges of employment under the Age Discrimination in Employment Act of 1967 (ADEA).
- If a company promotes ageism in the workplace, it is likely to observe a decrease in productivity and an increase in attrition.
- A business with low morale and an inability to retain a steady workforce has little prospect of long-term success.
Therefore, for the Age Discrimination in Employment Act to apply Lomax must be forty years of age or older.
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The correct question is given below:
Kyla replaces Lomax in his job at Motor Vehicle Manufacturing Corporation (MVMC).
Refer to Fact Pattern 18-1. Lomax believes that he has been discriminated against on the basis of his age. For the Age Discrimination in Employment Act to apply
Answer:
The debit to the retained earning should be $750,000 for this transaction because that is the market value of the asset to be distributed as dividend.
Explanation:
Property dividend is a form of dividend payout that involves distribution of company`s assets to equity holders as a form of return. These assets can be inventory, marketable securities or investment in a subsidiary.
For this distribution to be formal, it must be approved by the board of directors of the company. After approved and declared, the accounting entries can now be passed.
The accounting entries needed are:
Debit: Retained Earnings with the amount of the asset distributed.
Credit: Dividend Payable with the amount of the asset distributed.
It is important to note that the market value of asset to be distributed should be considered i.e the market value of the asset must be recognized in the book. The difference in book value and market value of the investment will be recognized in respective asset ledger account prior transfer to retained earnings.So that the market value of the investment is recognized on the debit side of retained earnings
In the case of Fitzgerald, $750,000 will be debited to retained earnings since it is the market value of the asset to be distributed.
Answer:
Availability of data.
Explanation:
The term “data availability” refers to the ability to ensure that required data is always accessible when and where needed within an organization's IT infrastructure, even when disruptions occur.
It would be called scarcity.
