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2 years ago

Case Study: Personnel Needs of ABC Company

Business

1 answer:

vredina [299]2 years ago

4 0

Answer:

Answer is explained in the explanation section below.

Explanation:

As a human resource manager, you'll have to work with a lot of different people with different personalities. To produce successful results, a manager must follow a step-by-step process.

Here, the ABC Company's human resource manager must assess the individual's needs and work location.

In the planning process, the HR manager considers a number of factors, including:

What credentials does the applicant obtain?

How many workers are needed to manufacture two new products?

What each employee should be paid depending on their assigned duties, and so on.

These are the company's human resource standards when launching two new products.

To fill the required role, the HR manager will issue job applications. It will shortlist the most suitable and professional applicants and invite them to participate in the next stage of the recruitment process.

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2 years ago

AIE Industries plans to purchase a new delivery truck for $250,000. The company has been quoted an annual rate of 6.5 percent wi

Svetllana [295]

Answer:

a. AIE will have to borrow $25,5102.04

b. The Effective Rate on this Loan is 6.63%

c. If AIE can convince the bank to remove the compensating balance requirement the effective rate is 6.50%

Explanation:

In order to calculate how much will AIE have to borrow we would have to use the following formula:

Amount to be borrowed = Cost of Truck / (1 - Compensating balance)

Amount to be borrowed = $250000 / (1 - 0.02)

a. Amount to be borrowed = $25,5102.04

In order to calculate the effective rate on this loan we calculate the following:

Effective Rate on this Loan = Interest / Amount received

Effective Rate on this Loan = 16581.63 / 250000

b. Effective Rate on this Loan = 6.63%

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2 years ago