g draw the market for labor in the food service industry below where $25 is the highest wage that any firm would demand labor and $5 is the lowest wage accepted by any worker that supplies their labor to the market. the equilibrium wage is $10/hour and quantity of labor employed is 18.4 million workers.

Yes, Rolls-Royce's digital twins and Intelligent Engine are strategic systems for the manufacturer.

These systems enable Rolls-Royce to collect and analyze vast amounts of data from its engines, allowing the company to optimize engine performance and reduce maintenance costs for its customers.

The digital twin system creates a virtual replica of the physical engine, enabling Rolls-Royce to monitor and simulate its performance in real-time. This technology provides valuable insights into the engine's performance, which can be used to improve design, predict maintenance needs, and reduce downtime.

Additionally, the Intelligent Engine system integrates data from multiple sources, including sensors, weather data, and flight data, to provide a comprehensive view of the engine's performance. The insights gained from these systems provide Rolls-Royce with a competitive advantage in the aerospace industry.

For more questions like Rolls-Royce click the link below:

https://brainly.com/question/18568170

#SPJ11

The correct answer is "The same policy that maximizes profits will minimize losses."

The firm plans to keep production levels at the point where MR=MC because maximizing profits is the goal of any business. Despite the expected losses in the short-term, they are willing to accept it because they know that the same policy that maximizes profits will minimize losses in the long run.

Therefore, decisions are based on the potential profit or loss in the long run, not just in the short run. Shifts in policy are possible only during periods of profitability. The firm plans to keep production levels at the point where MR=MC, due to the fact that the same policy that maximizes profits will minimize losses.

It is the best choice that they can make to minimize the loss that they are expected to incur in the next 3 quarters. Therefore, a firm maximizes profits by keeping production levels where MR (Marginal Revenue) = MC (Marginal Cost). When MR is equal to MC, it means that the firm is producing the optimal quantity of goods that will maximize profits.

They should produce more goods when MR is greater than MC, and they should produce fewer goods when MC is greater than MR.

To know more about maximizing profits, refer here:

https://brainly.com/question/30639135#

#SPJ11

The World Economic Forum (WEF) is an international organization that aims to promote public-private cooperation to solve global issues. The founder of WEF is Klaus Schwab, a German engineer and economist.

The World Economic Forum (WEF) is a non-profit international organization that provides a forum for public-private cooperation in order to improve the state of the world. It is an organization that brings together leaders from different sectors of society, including government, business, academia, and civil society. They aim to discuss and find solutions to pressing global issues such as climate change, poverty, inequality, and other related issues.

The WEF organizes an annual meeting in Davos, Switzerland, which brings together some of the world's most influential people. This meeting is known as the World Economic Forum Annual Meeting or simply the Davos Forum. It provides an opportunity for leaders to engage in dialogue and brainstorm solutions to the world's most pressing problems. The organization also publishes research papers, reports, and books on various global issues.

Klaus Schwab, a German engineer and economist, is the founder of the World Economic Forum. He established the WEF in 1971 as a not-for-profit foundation. Schwab had the vision of creating an organization that would bring together leaders from different sectors to collaborate on global challenges. Today, the WEF has become one of the world's leading platforms for public-private cooperation.

Learn more about World Economic Forum (WEF) here: brainly.com/question/29891511

#SPJ11

Slack resources are defined as a cushion of extra resources that can be used with options-based planning to adapt to unanticipated changes, problems, or opportunities.

Slack resources refer to resources that are available to a company in case of emergencies or unexpected situations, such as changes in the market, workforce or economy. The concept of Slack resources is particularly useful in options-based planning, where organizations analyze their available resources and prepare a contingency plan. It is an essential aspect of corporate strategy, particularly for businesses that operate in dynamic and uncertain environments.

Examples of slack resources include extra labor, additional raw materials, excess manufacturing capacity, or extra cash reserves. By having slack resources available, businesses can adapt to unexpected situations more easily and are less likely to experience catastrophic failures if unforeseen events occur.

In summary, slack resources are defined as a cushion of extra resources that can be used with options-based planning to adapt to unanticipated changes, problems, or opportunities. These resources can include excess labor, additional raw materials, extra cash reserves, and other surplus assets that can be deployed in case of emergencies or unexpected changes.

To know more about options-based planning, refer here:

https://brainly.com/question/29818227#

#SPJ11

Examining the two figures below, it can be seen that Economy B will experience a higher long-run growth rate, assuming their ratio of consumer goods to capital goods produced remains constant over time.

This is because societies that invest a relatively larger percentage of their production into capital goods, which are a type of investment in future production, experience higher growth rates in the long run.

The ratio of capital to consumer goods produced is higher in Economy B, and thus its long-run growth rate will be higher.

To know more about consumer goods refer here:

https://brainly.com/question/28546316#

#SPJ11

The incorrect recording of vendor rebates would have a direct effect on net income.

If the vendor rebates were recorded in the wrong account, then it would cause an inaccurate representation of assets and liabilities, which would in turn cause an incorrect calculation of net income.

Additionally, if the vendor rebates were recorded in the wrong period, it would create an inaccurate reflection of the expenses that are associated with the current period. This would lead to an inaccurate net income calculation as well.


In summary, incorrect recording of vendor rebates in either the wrong account or the wrong period would cause an incorrect calculation of net income.

for more questions related to net income, refer here:

https://brainly.com/question/15570931#

#SPJ11

The team will make a profit of $400 if they sell all 100 bags for $10 each and spend $600 overall.

Variable expenses will be costs that fluctuate in relation to the volume of labor and products that a business produces. To put it another way, these are costs that fluctuate based on the amount of activity. The costs go up when there are more activities, but they go down when there are fewer activities.

Assuming the group charges $10 per dream pack and sells each of the 100 sacks, their income will be:

If the team sells all 100 bags, they will make $1000 in revenue, which is calculated as follows: revenue = price per bag x number of bags sold x revenue = $10 x 100 revenue = $1000.

We need to know the total cost of making and selling the dream bags in order to figure out the profit. Let's say the total expense is $600.

Profit = Revenue - Total Profit

= $1000 - $600

Profit = $400

If the team sells all 100 bags for $10 each and has a total cost of $600, they will make a profit of $400.

To learn more about profit visit :

https://brainly.com/question/15699405

#SPJ1

A) The single premium for this annuity-due is $346,230.68.

B) The revised premium is $365,344.37.

A) This is calculated by using the present value of an annuity-due formula PV=nPVIF(i,n)+C. Here, n=30, PVIF(i,n)=71.362, C=20,000, and i=5%.

B)  This is calculated by subtracting the present value of the annuity payments until the year of death (calculated using the present value of an annuity-due formula) from the single premium of $346,230.68. The present value of the annuity payments until the year of death is $19,113.69.

To know more about annuity-due click on below link:

https://brainly.com/question/30641152#

#SPJ11

Cost budgeting is an important part of project cost management. It is a process that involves the planning, estimation, and allocation of project costs to ensure that the project is completed within the budget.

The implications of cost budgeting in project cost management are as follows:

Helps to estimate project costs accurately:

Cost budgeting helps in the estimation of the costs of the project, both direct and indirect costs, as well as the various components that are involved in the project.

Enables better planning:

Cost budgeting helps in the planning process by providing an estimate of the costs involved in the project. This allows project managers to plan the project more effectively and to allocate resources accordingly.

Manages project costs:

Cost budgeting helps in managing project costs by providing a basis for monitoring the costs and adjusting the project plan as required.

This helps in ensuring that the project is completed within the budget. Minimizes cost overruns: Cost budgeting helps in minimizing cost overruns by providing a framework for managing costs and identifying potential problems before they occur.

Examines the differences between strategic and tactical investments: Strategic investments:

These are long-term investments that are aimed at achieving the goals of the organization.

They are usually large-scale investments that involve a high degree of risk. These investments are usually made with the aim of increasing the value of the organization or achieving a competitive advantage. Tactical investments: These are short-term investments that are aimed at achieving immediate goals.

These investments are usually made to address a specific problem or to take advantage of an opportunity that arises.

Tactical investments are usually made with the aim of generating a quick return on investment (ROI).

In conclusion, cost budgeting plays a crucial role in project cost management. It helps in estimating project costs accurately, enables better planning, manages project costs, and minimizes cost overruns.

Strategic investments are long-term investments that are aimed at achieving the goals of the organization, while tactical investments are short-term investments that are aimed at achieving immediate goals.

To know more about Cost budgeting refer here:

https://brainly.com/question/15177990#

#SPJ11

The correct statement is -: Accrual accounting provides a better picture of the economic status.

Accrual accounting is an accounting method in which revenue and expenses are recorded when they are incurred, regardless of whether the money has been received or paid out yet. Accrual accounting is the standard accounting method for most businesses, especially those with more complex financial structures.

Accrual accounting provides a better picture of the economic status because it reflects the current state of a company's financial position. Even if a company has not received or paid money for goods and services, it records these transactions in its accounting records when they occur.

Accrual accounting provides a more accurate picture of the company's financial status because it reflects the economic impact of transactions when they occur. This method is considered more informative and reliable than the cash method of accounting, which only records transactions when money is exchanged.

In summary, the correct statement among the given options is: Accrual accounting provides a better picture of the economic status.

To know more about Accrual accounting, click on the link below:

https://brainly.com/question/30727476#

#SPJ11

Elon Musk has made various comments about China over the years, both positive and negative. Here are some notable remarks:

Overall, Musk's comments about China have been mixed, reflecting both admiration for its technological advancements and criticism of certain policies and actions.

Learn more about Elon Musk

https://brainly.com/question/13107000

#SPJ11

According to the case study, the three inferred flaws that multinationals often make are:

Lack of Cultural Sensitivity: Multinationals may fail to understand the cultural nuances of the regions they operate in, leading to insensitive marketing campaigns, misunderstandings with local partners, and potential reputational damage.

Neglecting Local Regulations: Ignoring or failing to adhere to local regulations can result in hefty fines and legal repercussions, as well as harm the company's image and relationships with local authorities.

Poor Corporate Social Responsibility: Companies may prioritize profits over social responsibility, leading to unethical practices such as exploitation of labor, environmental damage, and human rights violations, which can lead to consumer boycotts and negative publicity.

Read more about multinational companies here:

https://brainly.com/question/494475

#SPJ1

Step 1: Calculate the equivalent units of production Equivalent units of production = Units completed and transferred out + Equivalent units in ending work in process inventory Units completed and transferred out:

= 278,000 unit.

Equivalent in the context of process costing refers to a unit of production that combines both the completed units and the partially completed units in the production process. Equivalent units are used to express the total amount of production in terms of completed units, even if there are partially completed units in the production process that still need additional work to become finished goods. In other words, equivalent units take into account the stage of completion of partially completed units and express it in terms of completed units. This is important in process costing because it enables us to accurately calculate the cost per unit of production.

To know more about equivalent visit :

https://brainly.com/question/14672772

#SPJ1

1. Increase in Accounts Receivable: $17,000,Category: O - Operating Activity2. Increase in Property, Plant, and Equipment: $37,000Category: I - Investing Activity.

Property is an intangible asset that is owned by an individual or entity. It can be tangible, such as land, cars, and buildings, or it can be intangible, such as stocks, copyrights, trademarks, or patents. Property ownership gives the owner the right to use, possess, and enjoy the benefits of the asset.

3. Increase in Bonds Payable: $10,000, Category: F - Financing Activity

4. Sale of Equipment for Cash: $54,000Category: I - Investing Activity

5. Issuance of Bonds Payable: $34,000Category: F - Financing Activity.

To learn more about Property

https://brainly.com/question/17584053

#SPJ1

It is important to understand Return on Investment (ROI). ROI is the percentage of profit made from an investment relative to the amount of money invested.

It is calculated by subtracting the investment cost from the income and then dividing by the investment cost.

Explanation:

1. Compute the ROI of the following (round to the nearest whole percent):

a. The division if the radio project is not undertaken.

c. The division if the radio project is undertaken.

3. This depends on whether Leslie’s division is evaluated on the basis of ROI or on the basis of residual income. Overall division ROI will decrease; so if ROI is the basis for evaluation, she will decline the investment. On the other hand, residual income for the project is positive and will raise overall residual income. If the division is evaluated on the basis of residual income, the project will be accepted.

To learn more about return on investment, refer below:

https://brainly.com/question/30064968

#SPJ11

The amount of foreign sales income Night can earn without generating any excess FTCs for the current year is $1,080,000.

Night, Inc., earned $300,000 from offshore manufacturing activities, on which it paid $36,000 in foreign income taxes. Its foreign sales income is taxed at a 50% income tax rate. It is necessary to determine the amount of foreign sales income that Night can earn without generating any excess FTCs for the current year. To solve this problem, we need to follow the steps below;

Step 1: Determine foreign taxable income Foreign sales income = $300,000

Foreign income taxes paid = $36,000

Taxable foreign income = $300,000 – $36,000= $264,000

Step 2: Compute the maximum allowable FTCs

Let’s calculate the maximum allowable FTCs. The excess amount is taxable at 50%, which is Night's foreign income tax rate. The maximum amount of foreign income tax credits is as follows; $264,000 * 50% = $132,000

Step 3: Compute the amount of foreign sales income Night should earn a maximum amount of foreign sales income that generates foreign income tax of $132,000. To achieve this goal, we can use the formula below; Maximum allowable foreign sales income = (Foreign income taxes paid/Foreign sales income) * Total foreign sales income + Taxable foreign income

Let’s use the values in the formula;(36000/Maximum allowable foreign sales income) * Total foreign sales income + $264,000 = $132,000(36000/Maximum allowable foreign sales income) * Total foreign sales income = $132,000 - $264,000(36000/Maximum allowable foreign sales income) * Total foreign sales income = -$132,000Total foreign sales income = -$132,000 * Maximum allowable foreign sales income / 36000Total foreign sales income = -$132,000 / 36000 = -3.67Maximum allowable foreign sales income = $300,000 * (50% + 21%) / 50%Maximum allowable foreign sales income = $540,000 / 50% = $1,080,000.

Therefore, the amount of foreign sales income Night can earn without generating any excess FTCs for the current year is $1,080,000.

For more about foreign sales income;

https://brainly.com/question/18521500

#SPJ11

The 75% completion factor for conversion costs means that 3,000 units are considered completed for conversion costs, while 1,000 units are still in process.

To prepare a production cost report, we need to calculate the total cost incurred during the month and allocate it to the units produced. Here are the steps to prepare the report:

Step 1: Calculate the equivalent units of production (EUP) for materials and conversion costs.

Materials: All units were finished and transferred, so the EUP for materials is the same as the units produced, which is 11,000.

Conversion costs: Only 25% of conversion costs were incurred for the units produced, so we need to calculate the EUP for conversion costs as follows:

EUP = Units completed and transferred + (Ending WIP x % complete)

EUP = 11,000 + (4,000 x 25%)

EUP = 12,000

Step 2: Calculate the cost per equivalent unit (CPEU) for materials and conversion costs.

Materials: CPEU = Total material costs / EUP for materials = $48,000 / 11,000 = $4.36 per unit

Conversion costs: CPEU = Total conversion costs / EUP for conversion costs = ($42,000 + $36,000) / 12,000 = $6.50 per unit

Step 3: Allocate the total cost to the units produced.

Materials cost: Total materials cost = CPEU for materials x EUP for materials = $4.36 x 11,000 = $47,960

Conversion costs: Total conversion costs = CPEU for conversion costs x EUP for conversion costs = $6.50 x 12,000 = $78,000

Total cost: Total cost incurred during the month = Total materials cost + Total conversion costs + Overhead cost = $47,960 + $78,000 + $4,000 = $129,960

Cost per unit: Cost per unit produced = Total cost / Units produced = $129,960 / 11,000 = $11.81 per unit

Step 4: Prepare the production cost report.

Jo Furniture Company

Production Cost Report - March 2017

Units Produced:

Finished and transferred: 11,000 units

Ending WIP: 4,000 units (75% complete as to conversion costs)

Costs Incurred:

Materials: $48,000

Labor: $42,000

Overhead: $4,000

Equivalent Units of Production:

Materials: 11,000 units

Conversion costs: 12,000 units

Cost per Equivalent Unit:

Materials: $4.36 per unit

Conversion costs: $6.50 per unit

Costs Allocated to Production:

Materials: $47,960

Conversion costs: $78,000

Total Cost Incurred: $129,960

Cost per Unit Produced: $11.81 per unit

Note: The ending WIP is included in the report to show the units that are partially completed and their corresponding costs. The 75% completion factor for conversion costs means that 3,000 units are considered completed for conversion costs, while 1,000 units are still in process.

Learn more about Manufacturing costs

https://brainly.com/question/26454135

#SPJ11

(1). The bond amortization schedule is given below:

Year     Beginning             Interest          Amortization        Ending  

             Balance               Expense                                      Balance

2018     $101,959.00        $7,375.33         $1,086.05         $94,597.62

2019     $94,597.62         $6,833.41         $1,627.96          $88,803.65

2020    $88,803.65         $5,104.41         $5,357.05          $0.00

(2). Journal Entry to record bond issue:

Cash    dr.                     $101,959.00

           To Discount on Bonds Payable           $1,959.00

           To Bonds Payable                                $100,000.00

(3). Journal Entry to record interest payment on December 31, 2018:

Interest Expense    dr.                     $7,375.33

Discount on Bonds Payable    dr.   $459.28

     To Cash                                              $7,934.61

(4). Journal Entry to record interest payment on December 31, 2019:

Interest Expense    dr.                     $6,833.41

Discount on Bonds Payable    dr.   $795.53

      To Cash                                              $7,628.94

(5). Journal Entry to record interest and face value payment on December 31, 2020:

Interest Expense  dr.                        $5,104.41

Discount on Bonds Payable   dr.     $141.31

Bonds Payable  dr.                           $100,000.00

      To Cash                                                 $105,963.70

(6). Journal Entry to record bond retirement on January 1, 2020:

Bonds Payable   dr.                           $100,000.00

Loss on Bond Retirement   dr.         $2,000.00

Discount on Bonds Payable  dr.      $3,040.00

      To Cash                                                 $105,040.00

To know more about amortization

https://brainly.com/question/24232991

#SPJ4

Value of each share= (318.53-100)/30= $6.85. The estimated share value will decrease by 9.25% when the WACC changes from 8% to 10%.

Using the formula for the terminal value of FCFF.TV = (FCFFn(1+g))/(r-g) where, n=3FCFF3=$26mn, g=2.5%, r=10% TV= (26(1+.025))/(.10-.025)= 357.50. Now, let us calculate the PV of FCFF0-3 using the formula for the present value of FCFF. PV of [tex]FCFF=FCFF0/((1+r)^0)+FCFF1/((1+r)^1)+FCFF2/((1+r)^2)+FCFF3/((1+r)^3)PV.[/tex]

[tex]PV of TV=TV/((1+r)^n)PV of TV=357.50/(1+.10)^3=250.55[/tex] Now, let us calculate the total firm value (V) as the sum of the PV of FCFF0-3 and the PV of TV.V=PV of FCFF+PV of TV=67.98+250.55=318.53. Finally, let us calculate the value of each share using the formula for the value of each share.

Value of each share= (V-Debt)/Number of shares outstanding. Value of each share= (318.53-100)/30= $6.85. Thus, the value of each share if the WACC was 10% is $6.85.The estimated share value will, the required rate of return on the investment increases.

The percentage change in the estimated share value when WACC changes from 8% to 10% can be calculated using the following formula. Percentage change in share value= (New share value-Old share value)/ Old share value x 100. Percentage change in share value= (8.44-9.30)/9.30 x 100= -9.25%

Know more about share here:

https://brainly.com/question/28385998

#SPJ11

In the operating income section of the income statement, the income earned from operations before the sale is recorded.  The gain on disposal, which is not included in operating income, is recorded.

To add the given information to an income statement, you need to recognize the two different items involved. A business that changes its business strategy can sell or dispose of a division, asset, or liability. The income or loss derived from the sale or disposal of an asset, which is usually uncommon, is known as a gain or loss on disposal. A gain on disposal occurs when the price received exceeds the net book value of the asset, while a loss on disposal occurs when the price received is less than the net book value of the asset.

The effect of the sale on the income statement can be determined as follows:

Operating income (before sale)$21,460

Gain on disposal$199,620

Total income$221,080

When the sale is recorded in the accounts, the gain on disposal will be posted to the income statement. For accounting purposes, the sale and gain are recorded separately. In the operating income section of the income statement, the income earned from operations before the sale is recorded.

After that, the gain on disposal, which is not included in operating income, is recorded. As a result, the income statement will include all income received from the sale, as well as income earned from operations before the sale, in accordance with the above calculations.

Learn more about Income statement:

https://brainly.com/question/15169974

#SPJ11

The net present values are a.) -$9,366.26 b.) -$4,502.47 c.) -$7,858.61 d.) $939.53.

To calculate the net present value of $33,500 paid at the end of 4 years at a discount rate of 7 percent, we need to find the present value of each payment and add them up. Using the formula for the present value of a single amount:

Present value = Future value / (1 + discount rate) ^ number of periods

The present value of $33,500 paid at the end of 4 years is:

$33,500 / (1 + 0.07) ^ 4 = $24,133.74

Therefore, the net present value is:

Net present value = Present value of cash inflows - Present value of cash outflows

Net present value = $24,133.74 - $33,500

Net present value = -$9,366.26

To calculate the net present value of $4,650 paid at the end of 3 years and $9,750 paid at the end of 5 years at a discount rate of 9 percent, we can use the same formula as above to find the present value of each payment and add them up. The present value of each payment is:

$4,650 / (1 + 0.09) ^ 3 = $3,329.06

$9,750 / (1 + 0.09) ^ 5 = $6,568.47

Therefore, the net present value is:

Net present value = Present value of cash inflows - Present value of cash outflows

Net present value = $3,329.06 + $6,568.47 - $14,400

Net present value = -$4,502.47

To calculate the net present value of $10,600 paid annually at the end of each of the next 4 years at a discount rate of 7 percent, we can use the formula for the present value of an annuity:

Present value = Annual payment x [1 - (1 + discount rate) ^ -number of periods] / discount rate

The present value of the annuity is:

$10,600 x [1 - (1 + 0.07) ^ -4] / 0.07 = $34,541.39

Therefore, the net present value is:

Net present value = Present value of cash inflows - Present value of cash outflows

Net present value = $34,541.39 - $42,400

Net present value = -$7,858.61

To calculate the net present value of $2,040 paid annually at the end of each of the next 4 years and $4,080 paid at the end of the fifth year at a discount rate of 6 percent, we can use the same formula as above to find the present value of each payment and add them up. The present value of each payment is:

$2,040 x [1 - (1 + 0.06) ^ -4] / 0.06 = $7,178.55

$4,080 / (1 + 0.06) ^ 5 = $2,760.98

Therefore, the net present value is:

Net present value = Present value of cash inflows - Present value of cash outflows

Net present value = $7,178.55 + $2,760.98 - $10,000

Net present value = $939.53

To know more about Net present value:

https://brainly.com/question/14293955

#SPJ4

In sales, commerce, and economics, a customer is a recipient of a good, service, product, or idea - obtained from a seller. Thus, option B is appropriate.

Total number of Box of Golf Balls Given by the seller to the Customer = 4

So, a Discount is Given to the Customer [tex]= 20/4 =5$[/tex]per box of a Golf ball

So, what amount of revenue would the seller record upon a cash sale of three boxes of golf balls [tex]= ($20 * 3) -(5$ *3)=$60 - $15=$52[/tex]

A customer is someone who purchases goods, services, products, or ideas from a seller, supplier, or vendor in exchange for money or another useful consideration. Sales, business, as well as economics, are all covered by this term.

A customer is a person who purchases something from a vendor, provider, or seller in exchange for money or another item of value in the fields of sales, business, and economics. These terms can also be used to refer to this person.

Thus, option B is correct.

Learn more about Customer here:

https://brainly.com/question/3119242

#SPJ12

A seller offers a promotion to customers which provides one free box of golf balls (valued at $20) if the customer purchases three boxes of golf balls at the regular price of $20 each. To receive the free box of golf balls, the customer must fill out a request form and mail it to the seller within three weeks of the date of purchase of the golf balls. The seller estimates that approximately 45% of customers will complete the request form necessary to take advantage of the promotion. In addition, the seller provides three free golf tees (valued at $.15) with every purchase. What amount of revenue would the seller record upon a cash sale of three boxes of golf balls (plus the three free golf tees) to a customer?

Select one:

A. $50.70

B. $52.17

C. $45

D. $52.19

Local incidents or tragedies or global are:

The analysis of incidents or tragedies are:

Incident 1: Rana Plaza Collapse in Bangladesh (2013)

The Rana Plaza tragedy in Bangladesh is one of the deadliest industrial accidents in history. The eight-story building, which housed several clothing factories, collapsed, killing over 1,100 people and injuring over 2,500. The building was poorly constructed, and the factories were operating without proper safety measures. The incident drew global attention to the need for better workplace safety standards, particularly in the garment industry.

As a result of the tragedy, many global fashion brands and retailers have adopted stricter safety standards and codes of conduct for their suppliers. The Bangladesh Accord on Fire and Building Safety was also established to improve workplace safety in the garment industry.

Incident 2: Deepwater Horizon Oil Spill (2010)

The Deepwater Horizon oil spill in the Gulf of Mexico was one of the worst environmental disasters in history. The explosion and subsequent spill killed 11 workers and caused extensive damage to marine life and coastal habitats. The incident highlighted the importance of workplace safety in the oil and gas industry.

The accident led to increased scrutiny of offshore drilling practices and the development of new regulations to improve safety. The oil and gas industry also implemented new safety standards and protocols to prevent future accidents.

Learn more about Workplace accidents:

https://brainly.com/question/30686624

#SPJ11

Robin's promise to have a security alarm system operational as a condition of having the insurance coverage in force is a contingency. A contingency is a provision that is included in a contract or agreement to protect a party against possible losses or other adverse occurrences.

A contingency is a possibility or occurrence that is not expected or planned for but could happen. A contingency is a clause in a contract or agreement that specifies that the agreement will be carried out only if certain conditions are met.

For example, a home purchase agreement might include a contingency stating that the sale is contingent on the buyer obtaining financing. Robin's promise to have a security alarm system operational as a condition of having the insurance coverage in force is a contingency because the insurance company requires it as a condition for coverage.

The contingency specifies that if Robin fails to have the security alarm system operational at all times when the business is closed, the insurance coverage may be voided.

Learn more about contingency https://brainly.com/question/939242

#SPJ11

The cost of the new machine recorded in Year 1 is $45,000. JM record a loss of $10,000 on the trade.

The cost of the new machine to JM Co. should be computed as follows:

New machine list price = $150,000

Less trade-in allowance = $105,000

Cash payment = $45,000 (calculated as $150,000 – $105,000)

Therefore, the cost of the new machine is $45,000.

When an exchange has commercial substance and no cash is involved, a gain or loss should be recognized. In this instance, a gain is recognized when the fair value of the asset received is more than the carrying value of the asset given up. A loss, on the other hand, is recognized when the fair value of the asset received is less than the carrying value of the asset given up.

Since the exchange has commercial substance, JM Co. must first determine whether it has a gain or loss on the trade. Gain on the trade is calculated as follows:

Fair value of the old machine given up = $90,000

Less book value of old machine given up = $100,000

Loss on trade = $10,000

Since the fair value of the old machine is less than its book value, a loss of $10,000 should be recorded. Thus, JM Co. should record a loss of $10,000 on the trade.

Learn more about Commercial substance:

https://brainly.com/question/29743127

#SPJ11

Mark, a father who is unmarried, has applied for a loan to purchase a home. On a residential loan application, child support is listed as a liability.

To learn more about residential loan application, refer to:

https://brainly.com/question/29317220

A liability on a residential loan application is an item that can negatively impact an applicant's ability to repay the loan. In the case of Mark, the correct answer would be d. child support.

This is because child support is a monthly expense that Mark must pay, which can reduce his ability to repay the loan. Therefore, it is considered a liability on his loan application.

A liability is something that can negatively impact an applicant's ability to repay a loan. In the case of Mark, child support is a monthly expense that he must pay, which can reduce his ability to repay the loan.

Therefore, it is considered a liability on his loan application.

The other items listed, a motorcycle, savings account, and cash, are not considered liabilities because they do not have a negative impact on Mark's ability to repay the loan.

For more similar questions on liability

brainly.com/question/9503055

#SPJ11

Direct labor dollars would be the least appropriate allocation base for calculating factory overhead rates because it does not necessarily correspond to the amount of overhead resources used.

For example, if two different products require the same amount of direct labor, but one uses significantly more overhead resources than the other, allocating overhead based on direct labor dollars would not accurately reflect the true costs of producing each product. Therefore, direct labor dollars would not provide an appropriate basis for allocating overhead costs.

Learn more about direct labor dollars

https://brainly.com/question/14300447

#SPJ11

Yes, it can be argued that the Human resources management process is much broader than just designing a personnel system.

Human resources management focuses on maintaining all executive and mortal coffers systems, while mortal coffers operation takes a more strategic approach, anticipating the requirements of the association and constantly covering and conforming all systems.

Human resource management ( HRM), also known as labor force operation, includes all conditioning of the company aimed at icing the effective use of workers to achieve individual, collaborative, and organizational pretensions. The association's HRM function focuses on the mortal side of the operation.

One of the main parallels between human resource operation  is that both consider placing the right people in the right jobs as one of the overall pretensions of people operating in the plant.

To know more about Human Resource Management,

brainly.com/question/29054720

#SPJ4

The Baytown Rehabilitative Camp for Disabled Children's statement of financial position shows an increase in total current assets from $46,368 in 2016 to $81,089 in 2017.

This increase is primarily due to an increase in cash and contributions receivable. The camp has also decreased its prepaid expenses from $17,748 in 2016 to $15,559 in 2017. Overall, the increase in current assets indicates a positive financial position for the camp.

However, it is important to note that without a full analysis of the camp's revenue and expenses, it is difficult to determine the sustainability of this financial position. The United Way allocation panel should consider requesting additional financial information before making a decision on the grant request.

For more questions like Baytown click the link below:

https://brainly.com/question/29235433

#SPJ11

The correct answer is $92. By assessing the changes in the real GDP, economists may determine a country's economic growth. The effects of price changes like inflation are taken into account while calculating the real GDP.

The real GDP will be determined using the formula below:

Real GDP=QXyear∗PBase year

Where,

QXyear = Amount produced in a given year.

PBase year = Cost from the base year

Real GDP in 2012=(20∗$1)+(20∗$0.60)+(15∗$4)

Real GDP in 2012=$20+$12+$60

Real GDP in 2012=$92

Keep in mind that we must consider the output of every good generated within the economy in 2012 using the pricing of the base year (1990). As a result, we need to consider skirts, fish, and papayas. You may see the calculations below.

Thus, $92 is the right response.

To know more about GDP, visit:

https://brainly.com/question/13511171

#SPJ4