All categories

2 years ago

What is procedural fairness with example

Business

1 answer:

Nastasia [14]2 years ago

7 0

Answer:

Procedural fairness' means acting fairly in administrative decision making. It relates to the fairness of the procedure by which a decision is made, and not the fairness in a substantive sense of that decision.eg:apply to a decision to cancel a licence or benefitto discipline an employee; to impose a penalty; or to publish a report that may damage a person's reputation.

You might be interested in

Assume that you purchased a $1,000 perpetual bond (coupon payment is $50) and the interest rate on that bond declined from 5 per

Svetlanka [38]

Answer:

D) all of the above

Explanation:

First find the present value for each alternative using PV of perpetual cashflow formula;

PV = CF / rate

CF = 50

If rate= 5%;

PV = 50/0.05 = $1,000

If rate = 2%;

PV = 50/0.02 = $2,500

With these two calculations, we see that;

-the bond price increased by $1,500

-you could sell this bond at a capital gain, meaning you can sell it a higher price that what you bought it for.

-at an interest rate of 2%, the speculative demand for money would increase

Hence , all these choices are correct!

5 0

3 years ago

Suppose gdp in this country is $800 million. enter the amount for government purchases. national income account value (millions

Bess [88]

Answer:

Therefore government purchases is $300 million

Explanation:

In this case, GDP is the sum of consumption, investment, and government purchases. To calculate the value of consumption we use the formula:

CC + II + GG = Y

GG = Y - CC - II

Where:

government purchases = GG

taxes minus transfer payments (TT) = $260 million

consumption (CC) = $300 million

investment (II) = $300 million

Y = country GDP = $800 million

GG = Y - CC - II

Substituting:

GG = $800 million - $300 milllion - $300 million

GG = $200 million

Therefore government purchases is $300 million

7 0

3 years ago

The following information was drawn from the Year 1 accounting records of Ozark Merchandisers: Inventory that had cost $15,000 w

finlep [7]

Answer: See explanation

Explanation:

a. Sales = $27000

Less: sales returned = -$660

Less: discount at 2% = ($27000 - $660) × 2% = -$526.8

Net sales = $25813.2

b. Net sales = $25813.2

Less: cost of goods sold = $15000 - $400 = -$14600

Gross profit = $11213.2

Operating expense:

Less: Selling and administrative expenses = -$2835

Operating income = $8378.2

Non-operating items:

Less: Interest expense = ($200

Add: Gain on land Sales = $900

Net Income= $9078.2

c. The interest expense be shown on the statement of cash flows in the operating expenses section. It'll be recorded in the operating activities.

d. The sale of the land would be under the investing activity as it's capital asset of the business. Therefore, the full sales price of the land, $9,250, would be shown as a cash inflow from investing activities on the statement of cash flows.

Option B is the correct answer.

4 0

2 years ago

The petty cash fund of $200 for Tomkins Company appeared as follows on December 31, 2014

Ilya [14]

Answer:

Explanation:

Petty Cash (200-50.6) Dr.$149.4

Cash Cr.$149.4

Freight In Dr. $58.4

Postage Dr.$40

Balloons Expense Dr.$20

Meals Expense Dr.$25

Cash Cr.$143.4

2. Petty Cash Dr.$50

Bank/Cash Cr.$50

8 0

2 years ago

Compared to marketing to consumers, organizational buying is characterized by ______.

Ainat [17]

Answer:

far fewer buyers is the correct answer.

Explanation:

8 0

2 years ago