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2 years ago

Do you think workers of a company need to join in a trade union? Justify your answer

Business

1 answer:

denpristay [2]2 years ago

7 0

Explanation:

Because there is no unity the would not be done properly because there is role for every one

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Merv's Hardware, a small family-owned store in Middletown, sells a 100-pack of garnet sandpaper for $35. The Home Shoppe, a larg

frozen [14]

Answer:

Merv's Hardware would most likely try to lower the sale price of the sandpaper. In order to do so, the family store would have to reduce the costs of production, both fixed and variable. It might not still be able to match the $29 price offered by The Home Shoppe, but it could expect to rely on convenience for customers because while the Home Shoppe offers a cheaper product, it is located on another town and some customers may not want to go there.

8 0

3 years ago

1. Arness Woodcrafters sells $300,000 of receivables to Commercial Factors, Inc. on a with recourse basis. Commercial assesses a

stellarik [79]

Answer:

(a)

Dr. Cash $273,000

Dr. Receivable (Commercial Factor) $9,000

Dr. Loss on sale of Receivables $20,500

Cr. Account Receivables $300,000

Cr. Recourse Payable $8,000

(b)

Dr. Account Receivables $300,000

Dr. Recourse Receivable ($300,000 x 6%) $18,000

Cr. Income from Recourse Services $36,000

Cr. Cash $273,000

Cr. Account payable (Arness) $9,000

Explanation:

The fair value of recourse liability will be recorded by Arness, but the Commercial Factors Inc. will record the actual amount of 6% as receivable.

Cash is received excluding the finance charges and retained accounts receivables.

Net of Liabilities and receivable will be recorded as Loss on the recourse of receivables.

Cash $300,000 – ($300,000 X (.06 + .03)) = $273,000

Due from Factor ($300,000 X .03) = $9,000

Loss on Sale of Receivables = $20,500

Accounts Receivable = $300,000

Recourse Liability = $8,000

6 0

2 years ago

Benjamin Fisher, the CEO of a stock brokerage firm, has been accused of insider trading. This is illegal and implies that Benjam

Luda [366]

Answer:

Benjamin Fisher

Insider Trading:

1. The purpose of the meeting is for:

Intensive problem solving.

2. The people that should be invited to attend the meeting should be:

5 or fewer

Explanation:

As the CEO, it is Benjamin's responsibility to call for this meeting between himself and his trusted executives. Therefore, the number of those attending should be limited to 5 or fewer. The meeting needs to be an intensive one that must iron out a solution for developing a communication strategy for handling the present situation.

The insider trading accusation can seriously damage the firm's reputation and needs to be handled with despatch.

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3 years ago

Why is budgeting important for a company? What are some reasons that a company would not prepare a budget?

zubka84 [21]

Answer: Budgeting helps to plan, coordinate , delegate responsibility and enhancing clarity in pursuit of an organisation.

Explanation: Every budgets is principally prepared to achieve a set target but there some limitations which makes it difficult for some companies to prepare and follow through with a budgeted plan action. Some of these limitations at any given point in time affect the activities of the organisation. It may be traced to Production capacity, shortage of labour, materials, space, Finance and customer demand. This limitation can at any point in time affect the overall plan of the organisation making it difficult to achieve their set target .

7 0

3 years ago

Read 2 more answers

Q 7.1: a _____ would be properly classified as cash.

kotegsom [21]

A savings account would be properly classified as cash which is an interest bearing bond account held at a bank or alternative monetary organization that offers an uncertain interest rate. The banks or monetary organizations may have assured the number of withdrawals can create from savings account each month and burden fees if uphold a certain average monthly balance in the account.

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3 years ago