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iren2701 [21]
2 years ago
15

Claire is 25 years old. She owns an editorial services firm. The average age of her employees is 30. Claire prefers to hire new

graduates and train them instead of hiring experienced people. In the given scenario, the age discrimination that Claire displays could be because she believes that:
A) older workers choose jobs only to achieve a sense of accomplishment.
B) older workers are not interested in learning new things.
C) older workers want more control over their movement in and out of the workplace.
D) older workers do not make use of health care benefits.
Business
1 answer:
Grace [21]2 years ago
5 0

Answer:

In the given scenario, the age discrimination that Claire displays could be because she believes that:

B) older workers are not interested in learning new things.

Explanation:

A manager is someone who controls and manages the resources in a company, firm or an organization. A major management role is the hiring of new employees. Employees form the backbone of any company, the type of employees that constitute an organization are always determine if the business will be a success or a failure. Hiring employees should be taken very seriously to ensure that their qualities are in line with the organizations goals and ambitions.

In the case above, Claire who owns an editorial services firms uses age discrimination criteria to hire her employees. This is evident by the fact that the average age of her employees is 30, meaning they are still considered youths since they are under below 35 years of age. Most managers like Claire use such tactics in hiring due to their personal beliefs. Some age discrimination hiring strategies are used because the hiring managers feel like older workers are usually not interested in learning new things.

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Solution:

1. (i)  

Sales revenue = Present value of the note receivable  

= $528,000 x .86384 = $456,108  

Present value of $1: n = 3, i = 5% (PV of $1)  

(ii)  

December 31, 2018:  

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December 31, 2019:  

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December 31, 2020:  

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2. Journal entries to record the sale of merchandise on January 1, 2020

Date                  General Journal                                    Debit        Credit.

Jan 01, 2018     Note receivable                                 528,000

                    Discount on note receivable                                       71,892

                       Sales revenue                                                           456,108

Dec 31' 2018      Discount on note receivable            22,805

                            Interest revenue                                                   22,805

Dec 31, 2019      Discount on note receivable              23,946

                           Interest revenue                                                     23,946

Dec 31' 2020              Cash                                          528,000

                          Discount on note receivable                                  25,143

                         Interest revenue                                                       25,143

                         Note receivable                                                     528,000

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