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Murrr4er [49]
3 years ago
8

Thomas was a warehouse specialist at Finkorg, a company that sells consumer durables. When the company was going through a finan

cial crisis, its management decided to cut down the number of jobs in its factory and warehouses. As a result, Thomas was laid off. In the context of human resource planning, this scenario best illustrates _____ at Finkorg.
Business
1 answer:
nadya68 [22]3 years ago
3 0

Answer: Employee Speration

Explanation:

Finkorg has applied the concept of employee separation as it relates to Thomas job.

Employee Speration occurs when an employee part ways with his current company, this can be as a result of some reasons such as: sack, retirement or resignation.

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You are provided with the following information for Sandhill Co., effective as of its April 30, 2022, year-end.
Ray Of Light [21]

Answer:

                            SANDHILL CO.

                        Income Statement

              For the Year Ended April 30, 2022

<u>Revenues</u>

Sales revenue                                      $6,200

<u>Expenses</u>

Cost of Goods Sold                $1,000

Depreciation expense            $315

Income tax expense               $175

Insurance expense                 $360

Interest expense                     $460

Salaries & Wages expenses  <u>$850</u>

Total Expenses                                     <u>$3,160</u>

Net Income                                           <u>$3,040</u>

<u />

                              SANDHILL CO.

                   Retained Earnings Statement

               For the Year Ended April 30, 2022

Retained Earnings, May 1, 2021              $1,700

Add: Net Income                                      <u>$3,040</u>  $4,740

Less: Dividends                                                       <u>$310    </u>

Retained Earnings, April 30, 2022                       <u>$4,430</u>

7 0
2 years ago
Kingbird, Inc. has the following information available for accruals for the year ended December 31, 2019. The company adjusts it
Anton [14]

Answer:

a-Dec-31. Dr Utility expense   485

                    Cr   Utility bills payable  485

b-Jan-11.  Dr Utility bills payable  485

                        Cr Cash                   485

c-Dec-31. Dr Salary expense  3990

                Cr  Salary payable                3990

d-Dec-31. Dr bank 51600

                 Cr  Loan payable   51600

e-Dec-31 Dr Interest expense  215

                    Cr interest payable     215

f-Dec-31 Dr Account receivable  340

                  Cr   Service revenue  account    340

g-Dec-31. Dr Cash  6840

                 Cr Advance Rent    6840

Explanation:

a-Utility expense incurred for the m/o Dec will be paid in Jan.

c- Salaries of 3990 will be paid on Jan of 4 days.

e-Interest expense for the m/o Dec will be (51600*5%=2580/12=215.

f-The service fee is receivable which will be paid on Jan.

g- Advance rent is received from client.

7 0
3 years ago
Suppose the price of crude oil drops from 150$ a barrel to 120$a barrel. The quantity bought remains unchanged at 100 barrels. T
IrinaK [193]

Answer:

coefficient = 0

Explanation:

We have the formula to calculate the price elasticity of demand as following:

<em>Elasticity coefficient = % Change in quantity/ % Change in price</em>

As given:

+) The percentage change in price is: (120-150)/150= - 20%

+) The quantity bought remains unchanged - which means the percentage change in quantity demanded is 0%

=> <em>Elasticity coefficient = % Change in quantity/ % Change in price</em>

<em>= 0/-20 = 0</em>

<em />

<em>So the coefficient of price elasticity of demand in this example would be 0</em>

7 0
3 years ago
A futures contract on a 30 day Eurodollar time deposit is currently selling at an IMM index of 95.75 percent. The IMM index on a
kolezko [41]

Answer:

Basis risk for the future contract is 0.65%

Explanation:

Basis risk is the difference in spot price and future price of an hedged asset. It is the difference between the price price of an hedged asset and price of the asset serving as the hedge.

Basis risk = Futures price of contract − Spot price of hedged asset

Basis Risk = Future IMM index - Spot IMM index

Basis risk = 95.75% - 95.10%

Basis risk = 0.65%

5 0
3 years ago
According to the law of supply, price and quantity move
gayaneshka [121]

Answer:

along a track in the same direction.

Explanation:

According to the law of supply, the price of the goods increases with an increase in the quantity of the goods supplied. Similarly, the price of the goods decreases with a decrease in the quantity of the goods supplied. This means that the price and quantity are directly proportional to each other. The price and quantity will move along a track in the same direction respectively.

6 0
3 years ago
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