Journal entries for development costs for the years ending December 31, 2020, and December 31, 2021, under IFRS: Development costs 250,000 krone, Cash 250,000 krone
December 31, 2021: Development costs 750,000 krone Cash 750,000 krone
Journal entries for development costs for the years ending December 31, 2020, and December 31, 2021, under U.S. GAAP:
December 31, 2020:
Development costs 0
Cash 0
December 31, 2021:
Development costs 750,000 krone
Cash 750,000 krone
Under IFRS, development costs can be capitalized if certain criteria are met, including that the development costs can be reliably measured, it is probable that the future economic benefits will flow to the company, and the company has the ability to use or sell the intangible asset.
In this case, 25% of the 1,000,000 krone spent on the development of the new product can be capitalized, which amounts to 250,000 krone in 2020 and 750,000 krone in 2021. The journal entries for both years under IFRS involve debiting the Development Costs account and crediting the Cash account for the same amount.
Under U.S. GAAP, development costs are generally expensed as incurred, except for certain costs related to the development of computer software.
Therefore, there are no journal entries for development costs in 2020 under U.S. GAAP. However, in 2021, the capitalized amount of 750,000 krone under IFRS must be recorded as an intangible asset. Therefore, the journal entries under U.S. GAAP in 2021 involve debiting the Intangible Asset account and crediting the Cash account for the same amount.
Finally, when preparing consolidated financial statements, the U.S. parent company must convert the IFRS balances to U.S. GAAP using the appropriate exchange rate at the balance sheet date.
The conversion entries for both years involve translating the Development Costs and Cash accounts using the exchange rate in effect at each balance sheet date.
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Instructions:
Responses for the discussion question should be based on scientific literature. Please argue your point with substance. For example, culture, social norms/rules, social class, race, identity, family etc. play a role in our socialization (how we were been brought up), social thinking and interaction.
Responses must NOT be more than 300 words. I am looking forward to see the discussions.
1. Presentation Content (3%)
2. Critical observation and discussion (2%)
Culture, social norms, social class, race, identity, and family all influence the participation of youth in sports. These factors can either promote or hinder sports involvement, impacting the physical, psychological, and social development of young individuals.
Various sociocultural factors play a significant role in shaping youth participation in sports. Culture, for instance, influences the values, beliefs, and attitudes towards sports within a particular society. In some cultures, sports may be highly valued and encouraged, leading to greater participation among youth.
Social norms and rules within communities can also impact youth sports participation. If sports are not perceived as socially desirable or are associated with negative stereotypes, young individuals may be less likely to engage in sporting activities.
Social class and socioeconomic status can also influence access to resources, facilities, and opportunities for sports participation. Financial barriers, such as the cost of equipment or club memberships, can restrict involvement among lower-income youth.
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. during the antebellum period u.s. tariffs on imported cotton textiles a. increased profits for british textile producers. b. decreased the prices of cotton textiles in the u.s. c. were supported by the southern states. d. were harmful to u.s. textile producers and their employees. e. none of the above is correct
None of the above is correct. This is because the tariffs made it more expensive to import cotton textiles from Britain and other countries.
During the antebellum period, US tariffs on imported cotton textiles had a complex effect. While the tariffs did increase profits for British textile producers, they did not necessarily decrease prices of cotton textiles in the US. In fact, the tariffs passed by the US Congress in 1824, 1828, and 1832 actually resulted in higher prices of imported cotton textiles and increased profits for US textile producers. The tariffs were also supported by the northern states, not necessarily the southern states, since the northern states had a larger industrial base. Therefore, the tariffs were not necessarily harmful to US textile producers or their employees. Tariffs are taxes levied by one nation on products and services imported from another country in order to influence it, collect money, or safeguard competitive advantages.
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Vince’s Vehicle Repairs has a gross profit margin of 60% and a net profit margin of 22%. Turnover was £180000. Calculate other expenses
The net profit margin is calculated as follows:
Net Profit / Sales
We know the net profit margin is 22% and sales is £180000, so we can calculate the net profit:
Net Profit = 22% * £180000Net Profit = £39600
Gross profit is calculated as follows:
Gross Profit = Sales - Cost of Goods Sold (COGS)
We know the gross profit margin is 60% and sales is £180000, so we can calculate the gross profit:
Gross Profit = 60% * £180000
Gross Profit = £108000
The COGS can then be calculated as follows:
COGS = Sales - Gross Profit
COGS = £180000 - £108000
COGS = £72000
The other expenses are calculated as follows:
Other Expenses = COGS - Net Profit
Other Expenses = £72000 - £39600
Other Expenses = £32400
So the other expenses for VINCE’s Vehicle Repairs are £32400.
A chemical firm is considering how best to supply the world market for sulfuric acid. A manufacturing plant costs about $20 million to construct and requires a moderately skilled workforce. The total value of the world supply for this product over the next 10 years is estimated to be between $20 billion and $30 billion. The tariffs prevailing in this industry are moderate. What kind of location(s) should the firm seek for its plant(s)
This could include locations in North America, Europe, and Asia. Additionally, the firm could consider locations in regions with a growing demand for sulfuric acid, such as emerging markets in Asia and South America.
When considering the location for a chemical plant, there are several factors to take into account:
Raw Material Availability: Sulfuric acid is typically produced from sulfur, so access to a reliable supply of sulfur would be an important factor to consider.
Transportation: The location should have good transportation links, such as ports or airports, to allow for the shipment of raw materials, intermediate products and final products.
Labor: The plant requires a moderately skilled workforce, so the availability of a suitable labor force would be an important factor to consider.
Energy: Sulfuric acid production requires a significant amount of energy, so access to a reliable and affordable energy source would be an important factor to consider.
Environmental regulations: The chemical industry is heavily regulated, so the location should have a favorable regulatory environment with regard to the production and handling of chemicals.
Market access: As the world market for sulfuric acid is estimated to be between $20 billion and $30 billion over the next 10 years, the location should offer access to key markets.
Cost: The cost of doing business, including taxes, labor costs, and utilities, should be competitive in comparison to other locations.
Based on these factors, the firm could consider locations in regions with a large demand for sulfuric acid, access to a reliable supply of raw materials, favorable environmental regulations, and a competitive cost of doing business.
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If you are planning for developing your career as a photographer then what are the stages that you have to go through. Explain it.
Answer:
A career as a photographer can be an exciting avenue for creative expression, as photographers have the opportunity to work in many settings and meet diverse people. Yet it is also a technically demanding profession, so those interested in becoming photographers must consider the training they will need before committing to this career path. It is also important to know how photographers compare to similar careers in terms of education requirements, average salaries and projected job growth rates. This guide provides in-depth information that can help readers decide if a photography degree can put them on the right career path.
Explanation:
:-). ✓✓✓✓✓✓✓√√√√√√√√√√√
_____ encompasses loyalty and a deep concern for an organization's welfare.
Affective commitment encompasses loyalty and a deep concern for an organization's welfare.
Affective commitment refers to a psychological attachment and emotional connection an individual develops towards an organization. It goes beyond mere job satisfaction and encompasses loyalty and a deep concern for the organization's welfare. Employees with high affective commitment feel a strong sense of belonging and identification with the organization's values, goals, and mission.
They are genuinely dedicated and willing to invest their time, effort, and energy to contribute to the organization's success. Affective commitment is driven by positive emotions, trust, and a belief in the organization's purpose, fostering long-term engagement, dedication, and a desire to support the organization through thick and thin.
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When preparing a segment margin income statement ______.
When preparing a segment margin income statement, one should look at the income statement for the individual business segment and determine the gross margin for that segment. This involves subtracting the cost of goods sold from the segment's sales to determine the gross margin. One should then subtract the other expenses associated with the segment to determine the net margin for that segment.
In order to complete this analysis, one should begin by gathering the necessary financial data. This would include the sales and cost of goods sold for each segment, as well as any other associated expenses. Once all of the information has been gathered, one should subtract the cost of goods sold from the segment’s sales to determine the gross margin. One should then subtract the other expenses associated with the segment to determine the net margin for that segment.
One should also take into account any one-time items that could impact the segment’s results. This includes items such as restructuring charges, acquisition costs, and write-offs. Once all of the items have been taken into account, one should be able to determine the segment’s margin. The segment margin income statement is a useful tool for analyzing the performance of an individual business segment. By taking into account all of the necessary financial data, one should be able to accurately determine the segment’s margin and make informed decisions about the performance of the segment.
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What are the effects on the accounting equation when an adjusting entry is made for goods or services provided during the accounting period related to an amount previously received in advance from a customer?.
The effects on the accounting equation when an adjusting entry is made for goods or services provided during the accounting period related to an amount previously received in advance from a customer is: Total liabilities will decrease and total stockholders' equity will increase.
Effects on the accounting equationWhen goods or services that provided during the accounting period are related to an amount that was previously received in advance from a customer this tend to mean that their will be a decrease in total liabilities while the stockholders' equity will tend to increase.
Stockholders' equity=Assets- Liabilities
Hence, Effect on accounting equation:
Total liabilities (decrease)
Total stockholders' equity (increase)
Therefore the effects on the accounting equation is Total liabilities will decrease and total stockholders' equity will increase.
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Supply & Demand: PLEASE HELP!!! :)
1. Define the law of demand. Define the law of supply. Describe these terms in your own words and make sure to include an explanation of the relationship between price and quantity.
2. When prices change, how is that reflected on a given supply or demand curve? For instance, if the price of a particular chocolate bar increases, will demand or quantity demanded change? Explain.
3. List the determinants of demand name three.
4. List the determinants of supply name three.
5. Define market equilibrium and explain how it is determined.
1. The law of demand states that, all else being equal, as the price of a good or service increases, the quantity demanded for that good or service will decrease, and vice versa.
2. When prices change, it is reflected as a movement along the given supply or demand curve.
3. a) Price of the good or service
b) Income of consumers
c) Consumer preferences and tastes
4. a) Price of inputs
b) Technology and productivity
c) Government regulations and taxes
5. Market equilibrium refers to the point where the quantity demanded by consumers matches the quantity supplied by producers at a particular price.
1. The law of demand states that, all else being equal, as the price of a good or service increases, the quantity demanded for that good or service will decrease, and vice versa. In other words, there is an inverse relationship between price and quantity demanded.
This law is based on the assumption that consumers are rational and will seek to maximize their utility or satisfaction by purchasing goods or services at lower prices.
On the other hand, the law of supply states that, all else being equal, as the price of a good or service increases, the quantity supplied for that good or service will increase, and vice versa.
There is a direct relationship between price and quantity supplied. This law is based on the assumption that producers are rational and seek to maximize their profits by supplying more goods or services at higher prices.
2. When prices change, it is reflected as a movement along the given supply or demand curve. If the price of a particular chocolate bar increases, it will result in a change in quantity demanded, not demand itself.
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a given price, while demand refers to the entire relationship between price and quantity demanded.
An increase in price will lead to a decrease in quantity demanded, as consumers may find the chocolate bar less affordable or seek cheaper alternatives. This movement is represented as a shift along the demand curve, showing a new quantity demanded at the new price point.
3. The determinants of demand include:
a) Price of the good or service: A change in the price of a product will directly impact the quantity demanded.
b) Income of consumers: Higher income levels generally lead to an increase in demand for most goods, especially normal goods.
c) Consumer preferences and tastes: Changes in consumer preferences or trends can significantly affect the demand for certain products.
4. The determinants of supply include:
a) Price of inputs: The cost of resources and inputs used in production, such as labor, raw materials, and energy, can affect the supply of goods or services.
b) Technology and productivity: Improvements in technology and productivity can increase the supply by reducing production costs.
c) Government regulations and taxes: Regulations, subsidies, and taxes imposed by the government can influence the cost of production and, consequently, the supply of goods or services.
5. Market equilibrium refers to the point where the quantity demanded by consumers matches the quantity supplied by producers at a particular price. It is the state of balance in the market, where there is no excess supply or excess demand. Market equilibrium is determined by the intersection of the demand and supply curves.
When the quantity demanded exceeds the quantity supplied, a shortage occurs, and prices tend to rise. On the other hand, when the quantity supplied exceeds the quantity demanded, a surplus occurs, and prices tend to fall. The market adjusts through the price mechanism until the equilibrium price is reached, where supply and demand are in balance.
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Identify the problem by analyzing the given scenario. An IT software company is losing market share because it fails to launch new products in a timely manner. Decisions are centralized at the top, and employees have little or no voice. One way to solve this problem is to use teams to eliminate ____ in the company.
Explanation:
to eliminate their best efforts in the company
Answer:
"bureaucratic barriers"
Explanation:
i got it right on plato
Select the word or phrase that accurately completes each sentence.
Pressing the Backspace key will delete the text on the .
Pressing the Delete key will delete the text on the .
Answer:
Pressing the backspace key will delete the text on the leftPressing the delete key will delete the text on the rightExplanation:
E8-8A Constructive Retirement at Beginning of Year (Straight-Line Method) LO 8-2
Suspect Company issued $600,000 of 9 percent first mortgage bonds on January 1, 20X1, at 103. The bonds mature in 20 years and pay interest semiannually on January 1 and July 1. Prime Corporation purchased $400,000 of Suspect’s bonds from the original purchaser on January 1, 20X5, for $396,800. Prime owns 60 percent of Suspect’s voting common stock.
Note: Assume using straight-line amortization of bond discount or premium.
E8-8A deals with constructive retirement, which is a situation where a company is not legally required to retire a bond issue but chooses to do so because it makes financial sense.
In this scenario, the company will repurchase the bonds at a price that is lower than the face value of the bonds, which creates a discount. The straight-line method is used to amortize the discount, which means that the company will spread the discount evenly over the remaining life of the bonds. This method ensures that the amount of interest expense recognized in each period reflects the effective interest rate of the bonds. To calculate the amortization of the discount, the company will take the difference between the face value of the bonds and the price at which they were repurchased. This difference is then divided by the remaining life of the bonds to determine the annual amortization expense.
It is important for companies to properly account for constructive retirement of bonds and the associated discount. This allows for accurate financial reporting and ensures that the financial statements reflect the true financial position of the company. By using the straight-line method to amortize the discount, the company can ensure that its financial statements accurately reflect the impact of the constructive retirement.
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How do you avoid correcting and putting a customer on their defensive side?
Answer:
Explanation:
Listen carefully to what the customer has to say, and let them finish. Don't get defensive. The customer is not attacking you personally; he or she has a problem and is upset. Repeat back what you are hearing to show that you have listened.
Ask questions in a caring and concerned manner.
The more information you can get from the customer, the better you will understand his or her perspective. I’ve learned it’s easier to ask questions than to jump to conclusions.
Put yourself in their shoes.
As a business owner, your goal is to solve the problem, not argue. The customer needs to feel like you’re on his or her side and that you empathize with the situation.
Apologize without blaming.
When a customer senses that you are sincerely sorry, it usually diffuses the situation. Don't blame another person or department. Just say, "I'm sorry about that.”
Ask the customer, "What would be an acceptable solution to you?"
Whether or not the customer knows what a good solution would be, I’ve found it’s best to propose one or more solutions to alleviate his or her pain. Become a partner with the customer in solving the problem.
Solve the problem or find someone who can solve it— quickly!
Research indicates that customers prefer the person they are speaking with to instantly solve their problem. When complaints are moved up the chain of command, they become more expensive to handle and only add to the customer's frustration.
There is no getting around customer complaints, regardless of your industry. However, by employing these steps and taking the time to review the issue with the customer, you can turn challenges into something constructive.
in 1998, the russian government defaulted on its bonds. according to the open-economy macroeconomic model, this should have a. increased russian interest rates and net exports. b. increased russian interest rates and reduced russian net exports. c. reduced russian interest rates and increased russian net exports. d. reduced russian interest rates and net exports.
According to the open-economy macroeconomic model, the Russian government defaulting on its bonds should have reduced Russian interest rates and net exports(D).
When a government defaults on its bonds, it sends a negative signal to investors, causing them to lose confidence in the country's ability to repay its debts. As a result, investors demand a higher premium on holding Russian debt, leading to an increase in interest rates.
However, this increase in interest rates also leads to a stronger currency, making exports more expensive and reducing net exports. On the other hand, a reduction in interest rates, which could happen if the government defaults on its bonds, would lead to a weaker currency, making exports more competitive and increasing net exports.
Therefore, the correct answer is that a default should lead to a reduction in Russian interest rates and net exports(D).
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According to Armour (2007), a Gallup poll indicated that employees who had _____ at work reported 50% more job satisfaction than those who did not.
Answer:
close friends
Similarly, a Gallup poll revealed that employees who had close friends at work were almost 50% more satisfied with their jobs than those who did not (Armour, 2007).
Explanation:
What are free trade agreements?
A.
agreements that set new quotas
B.
laws that create tariffs
C.
agreements that remove trade barriers
D.
laws that prohibit trade between countries
keynes called money people hold to make routine day-to-day purchases the:
Keynes referred to the money that people hold for routine day-to-day purchases as "transactional money."
In Keynes' economic theory, transactional money plays a crucial role in facilitating the smooth functioning of an economy. It is used by individuals and businesses to conduct their daily transactions, such as buying goods and services or paying wages and bills.
The availability of transactional money ensures that the market operates efficiently by providing liquidity, allowing participants to exchange goods and services without any significant delays or barriers. Moreover, this concept contributes to understanding the demand for money and its relationship with economic activity, interest rates, and inflation.
In summary, according to Keynes, transactional money is the money held by individuals and businesses for the purpose of making routine day-to-day purchases, and it plays a vital role in the efficient functioning of an economy.
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PLEASE
what is lean production? in details (GCSE) keywords.
Answer:
actually I am very sorry I didn't learn this I don't take business
Explanation:
Sorry would there be anything else I can help u with
Connie thinks that her salary and tax rate for next year will be lower than for this year. What step should she take to minimize her taxes in the current year? Select one: a. Accelerate receipt of income. b. Delay deductions. c. Practice tax evasion. d. Accelerate deductions. e. None of these will allow her to minimize her taxes.
Answer:
d. Accelerate deductions
Explanation:
Tax acceleration is a way that a taxpayer is able to hasten tax deduction.
Taxi is paid in the year that it was incurred instead of in the subsequent year.
This way tax expense that will be paid from the current year is reduced and tax income will increase.
In the given scenario where Connie thinks that her salary and tax rate for next year will be lower than for this year, the best way to minimise her tax expense starting this year is by tax acceleration
What are three elements of negligence?
Actual Harm
Breach of duty
State of mind
Duty of care
Proximate cause
Motive
Answer:
actual harm
breach of duty
duty to act
united airlines recently announced it would serve starbucks coffee on its flights. this is an example of
United Airlines serving Starbucks coffee on its flights is an example of a brand partnership or brand collaboration.
By partnering with Starbucks, United Airlines aims to enhance the in-flight experience for its passengers by offering a well-known and popular brand of coffee. This collaboration allows United Airlines to leverage Starbucks' brand reputation and customer loyalty to provide a higher-quality coffee option to its passengers.
Brand partnerships can benefit both parties involved. In this case, United Airlines gains the advantage of associating itself with Starbucks, a well-established and recognized brand known for its quality coffee. This can contribute to a more positive perception of United Airlines and potentially attract more customers.
Additionally, the partnership can also benefit Starbucks by expanding its reach and visibility among air travelers who may not have had previous exposure to their brand.
Overall, brand partnerships like the one between United Airlines and Starbucks can create mutually beneficial opportunities for companies to enhance their offerings and tap into new customer segments.
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What are the barriers to using analytics a medical device
manufacturing organization?
Barriers to using analytics in a medical device manufacturing organization can include data privacy concerns, regulatory compliance, lack of skilled resources, and organizational culture.
One of the main barriers is data privacy concerns. Medical device manufacturing involves sensitive patient information, and organizations need to ensure strict data protection to comply with regulations like HIPAA. The complexity of handling and securing large volumes of data poses challenges in implementing analytics solutions.
Regulatory compliance is another barrier. Medical device manufacturing is subject to rigorous regulatory standards, and integrating analytics into processes requires adherence to these regulations. Ensuring that analytics solutions meet regulatory requirements, such as data validation and documentation, can be a significant hurdle.
A lack of skilled resources can impede the adoption of analytics. Medical device organizations may face a shortage of data scientists, analysts, and experts who can effectively analyze and interpret the data. Acquiring and retaining specialized talent can be challenging, limiting the organization's ability to leverage analytics effectively.
Organizational culture can also pose a barrier. Resistance to change, traditional decision-making processes, and a lack of data-driven mindset may hinder the adoption of analytics. Overcoming cultural barriers requires leadership support, training programs, and a focus on promoting a data-driven culture within the organization.
To overcome these barriers, medical device manufacturing organizations can invest in robust data protection measures, ensure compliance with regulatory standards, prioritize talent acquisition and training, and promote a data-driven culture through organizational initiatives and change management strategies.
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_ keep track of and manages the completion of all loose ends, minor repairs, and adjustments at the end of the job.
The task of keeping track of and managing the completion of all loose ends, minor repairs, and adjustments at the end of the job falls under the purview of the closeout process. This process occurs after the construction work has been completed.
The purpose of the closeout process is to ensure that all the necessary elements are in place for the owner or client to move into the space. It is important that the closeout process is done efficiently and effectively to ensure the satisfaction of the client.
There are different tools and techniques used in the closeout process such as checklists, punch lists, closeout reports, and as-built drawings. Closeout activities include final inspections, obtaining final approvals and occupancy permits, conducting final walkthroughs, and preparing operation and maintenance manuals.
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how did Suzy Batiz failures set her up for success?
Answer:
I'm not sure
Explanation:
Not enough explanation.
the board of directors is dissatisfied with last year's roe of 15%. if the profit margin and asset turnover ratio remain unchanged at 8% and 1.25, respectively, by how much must the leverage ratio (i.e., assets/equity) increase to achieve 20% roe? leverage ratio must increase by 0.5. leverage ratio must increase by 5. leverage ratio must increase by 16.67%. leverage ratio must increase by 33.3%
The leverage ratio must increase by 0.5 to achieve a 20% ROE.
To determine by how much the leverage ratio must increase to achieve a 20% ROE, we can use the DuPont Formula, which states:
ROE = Profit Margin × Asset Turnover × Leverage Ratio
You mentioned that the board of directors is dissatisfied with last year's ROE of 15%, and the current profit margin and asset turnover ratio are 8% and 1.25, respectively. We want to achieve a 20% ROE, so we can set up the equation as follows:
20% = 8% × 1.25 × New Leverage Ratio
First, we need to find the current leverage ratio by rearranging the DuPont Formula using the given values:
15% = 8% × 1.25 × Current Leverage Ratio
Now, divide both sides by (8% × 1.25) to solve for the Current Leverage Ratio:
Current Leverage Ratio = 15% / (8% × 1.25) ≈ 1.5
Next, plug in the current leverage ratio into the equation for the 20% ROE:
20% = 8% × 1.25 × New Leverage Ratio
Again, divide both sides by (8% × 1.25) to solve for the New Leverage Ratio:
New Leverage Ratio = 20% / (8% × 1.25) ≈ 2
Now, subtract the current leverage ratio from the new leverage ratio to find the increase:
Increase in Leverage Ratio = New Leverage Ratio - Current Leverage Ratio = 2 - 1.5 = 0.5
Therefore, the leverage ratio must increase by 0.5 to achieve a 20% ROE.
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explain three steps the ccma will take to resolve a grievance
Answer:
1: If you have a labour problem, it is very important that you take steps immediately. In the case of an unfair dismissal dispute, you have only 30 days from the date on which the dispute arose to open a case. With discrimination cases, you have six months.
2:If you have decided to lodge a dispute, you need to complete a CCMA case referral form, also known as a LRA Form 7.11. These forms are available from the CCMA offices, DOL offices and the CCMA website.
Step 3: Once you have completed the form, you need to ensure that a copy is delivered to the other party. You must be able to prove that they received a copy. Acceptable methods include faxing a copy (keep the fax transmission slip), sending it by registered mail (keep the postal receipt), send it by courier (keep proof) or deliver in person (ask the person receiving it to sign for it).
Explanation:
hope it helped!!
In your budgeting process, when should you look at recurring expenses?
after considering entertainment expenses
after your wants but before your needs
before looking at your needs
before reviewing your wants
Answer:
before reviewing your wants
Explanation:
Once the needs are accounted for, it is time to check those recurring expenses that are not considered essential, like home deliveries, internet purchases, and so on, and this check needs to be made before rewiewing your wants, which is the least essential expense category, and thus, the one that can be forgone in case your budget is not enough for it.
Economics!!
Which development would most likely reduce the standard of living in the
United States?
A. Wages increase for most American workers.
B. The U.S. government returns to the gold standard.
C. It becomes easier for U.S. citizens to get health care.
D. U.S. factories begin to
produce far fewer goods.
It's D. U.S. factories begin to
produce far fewer goods.
If each boy in the school pays n$10 school fees, and each girl pays n$7, how much money is paid to the school altogether?
The amount of money paid to the school for children is given by the following equation:
T = 10x + 7y
What are equations?Equations are algebraic expressions that are characterized by having an equality, and expressions on either side of it. Equations have several uses, such as modeling problems, formulas, and graphing functions.
If in a certain school the tuition that is paid for each boy is $10 and for each girl is $7, the total value that will be paid to the school depends directly on the amount of money paid to each of them, so we only need to express it with an equation, and this will be:
xboys + ygirls = total
T = 10x + 7y
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You have a startup company that is not particularly well known. Your annual sales at the end of year 1 are $100,000. Due to hard work, however, you expect that your sales will grow by 25% every year. What type of cash flow is this? Irregular Series Gradient Series Geometric Series Uniform Series
The cash flow described in this scenario is a geometric series characterized by a constant growth rate of 25% each year.
The type of cash flow described in this scenario is a geometric series. A geometric series is a sequence of numbers in which each term is obtained by multiplying the previous term by a constant ratio. In this case, the annual sales are expected to grow by 25% each year, which means the sales for each subsequent year will be 1.25 times the previous year's sales.
The annual sales of $100,000 at the end of year 1 serve as the starting point, and by applying the growth rate of 25% (or 1.25), we can calculate the sales for each subsequent year. The sales for year 2 would be $100,000 x 1.25 = $125,000, for year 3 it would be $125,000 x 1.25 = $156,250, and so on.
This pattern continues indefinitely, with each year's sales being 25% higher than the previous year. A geometric series is characterized by its constant ratio between consecutive terms, making it suitable for modeling scenarios with consistent growth rates over time.
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