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Pachacha [2.7K]
3 years ago
9

Identify the statement that characterizes the Age Discrimination in Employment Act. Multiple Choice It permits an employer to re

duce the fringe benefits to all employees over 40. It outlaws making employment decisions based on a person's age being over 40. It permits companies to lay off older workers when the economy is slow. It recommends early retirement incentive programs wherein employees agree not to sue the company for ageism.
Business
1 answer:
GarryVolchara [31]3 years ago
3 0

Answer:

The statement that characterizes the Age Discrimination in Employment Act is:

It outlaws making employment decisions based on a person's age being over 40.

Explanation:

The idea behind the Age Discrimination in Employment Act (ADEA) is to forbid age discrimination against people who are age 40 or older.  Following the frequent practice of using arbitrary age limits to make decisions about employees, the ADEA was passed by Congress in 1967.  The purpose of the law was to reduce the damaging effects of the long-term loss of job skills affecting the older citizens of the population.

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In two to three sentences, explain how a tariff on cars can reduce the demand for imported cars.
artcher [175]
A tariff by definition is a tax to be paid on a particular class of imports or exports. so if people had to start paying extra for imported cars the demand for imported cars would be reduced and the demand for more domestic vehicles would rise.
3 0
3 years ago
Merchandise costing $2,000 is sold for $3,000 on terms 2/30, n/60. If the customer pays within the discount period, what amount
madam [21]

Answer:

The amount that will be reported on the income statement as net sales is <u>$2,940</u> and as gross profit is <u>$940</u>.

Explanation:

Given:

Merchandise costing $2,000 is sold for $3,000 on terms 2/30, n/60.

If the customer pays within the discount period.

Now, to find the amount reported on the income statement as net sales and as gross profit.

Cost of merchandise = $2,000.

As, merchandise sold for $3,000.

So, to get the net sales we deduct the discount:

Merchandise on terms 2/30, n/60.

3,000-2\%\ of\ 3000\\\\=3,000-\frac{2}{100}\times 3000\\\\=3,000-0.02\times 3000\\\\=3,000-60\\\\=\$2,940.

<u><em>Thus, the net sales is $2,940</em></u>.

Now, to get the gross profit we subtract cost of merchandise from net sales:

\$2,940-\$2,000\\\\=\$940.

<em><u>Hence, gross profit is $940.</u></em>

Therefore, the amount that will be reported on the income statement as net sales is $2,940 and as gross profit is $940.

7 0
3 years ago
"A customer holds 10 ABC Jan 60 Call contracts. ABC Corporation is paying a 20% stock dividend. On the ex date, the contracts wi
Viefleur [7K]

Answer:

On the ex date, the contracts will show as:

10 ABC Jan 60 Calls

The customer must exercise call contracts to buy the stock prior to the Ex-Date

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The settlement of the exercise takes around 2 business working days, hence the customer must exercise the option 2 days earlier to the ex-date.

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4 years ago
Ethical dilemma situation:
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Hope this helps ya!
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3 years ago
You have the opportunity to opt into the brs because you are either an active component (ac) member who will have completed fewe
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