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Ksenya-84 [330]
2 years ago
7

Mary Beth is a supervisor of a unit consisting of four employees--Cheryl, Susan, Fred and Michael. Financial hardship dictates t

hat the organization has to downsize its operations and Mary Beth has to let two of her employees go. The organization decides to retain or terminate employees based solely on their seniority.
* Mike has higher seniority than Cheryl.

* Fred has higher seniority than Sue.

* Fred has higher seniority than Cheryl.

1. Mike will be terminated

A)True
B)False
C)Unknown

2. Sue will be terminated

A)True
B)False
C)Unknown
Business
1 answer:
Brilliant_brown [7]2 years ago
8 0

Answer:

1. C)Unknown

2. C)Unknown

Explanation:

The company wants to disengage staff based on seniority but does not state of it is the highest ranking or lowest ranking that will go

So if we assume the two lowest ranking staff are to be let go.

From the scenario above Fred is more senior than Cheryl and Sue, so he must be 1st or 2nd.

To determine if Mike is to be terminated, he is senior to Cheryl. If Cheryl is 4th then Mike can be 3rd and will go. If Cheryl is 3rd then Mike can be 1st or 2nd and will stay. There is no way to determine Mike's rank from the data given.

To determine if Sue will go, Fred is more senior to Sue. So if Fred is 1st Sue can be 2nd and stay. However Sue can be 3rd or even 4th and still satisfy the conditions. So in this case also we cannot determine if Sue will be laid off with the data given.

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Fontaine Inc. recently reported net income of $2 million. It has 500,000 shares of common stock, which currently trades at $40 a
Firlakuza [10]

Answer:

$50

Explanation:

Given,

Current Net income = $2,000,000

No. of common shares today = 500,000

Current market price per share = $40

Anticipated Net income in 1 year = $ 3,250,000

Anticipated No. of common shares in 1 year = 500,000 +150000 =650,000

From this data, then

The current Earnings Per Share(EPS) = \frac{2,000,000}{500,000} = 4

Current Price/Earning ratio = \frac{ Price per share}{EPS} = \frac{40}{4} = 10

Anticipated EPS in 1 year=\frac{Anticipated Net income in 1 year }{Anticipated No. of common shares in 1 year } = \frac{3,250,000}{650,000} = $5

If the company's P/E ratio remain as that of the current at 10, then

The anticipated price of stock in 1 year = Anticipated EPS * P/E ratio in 1 year

 = $5 *10 = $50

4 0
2 years ago
Land held for possible plant expansion would be included as an operating asset when computing return on investment (ROI).
Softa [21]

Answer:

B. False

Explanation:

Land held for possible plant expansion would NOT be included as an operating asset when computing return on investment (ROI).

Return on investment (ROI) is used to measure the profitability of an investment. It helps to compare the gain or loss from an investment in relation to its cost.

Return on investment can be used to determine

1. Profitability of a stock investment,

2. Profitability of the purchase of a business investment

3. Profitability of a real estate business

ROI = Net return / cost of investment × 100

Net return= Final value of investment - initial value of the investment

6 0
2 years ago
Daniel’s workplace does not have any structured hierarchy and all employees are treated equally, regardless of their designation
Alexxandr [17]

Answer:

Collectivism

Explanation:

The collectivism refers to the group who worked as a team and given the priority according to their roles, designations.

As we use the concept synergy that 1 + 1 give 11 i.e means due to efforts of group we can accomplish the company target as compare to the individual effort.

Since in the given question, the Daniel workplace does not have any  structured hierarchy and all employees are treated equally so in this case, the collectivism is low in this organization.

4 0
2 years ago
On December 31, Year 4, Mith Co. was a defendant in a pending lawsuit. The suit arose from the alleged defect of a product that
kifflom [539]

Answer:

C) An accrued liability of $50,000 and would disclose a contingent liability for an additional $10,000.

Explanation:

Since it is probable that Mith will lose the case, hen it must report an accrued liability of $50,000 which represent the most likely outcome of the lawsuit. But since it is also possible that they have to pay $10,000 more, they should report that amount as contingent liability.

Contingent liabilities are those events that can result in a loss and have more than 50% chance of occurring. Since it is not certain that it will happen, they are considered contingent (or just in case).

Since the first $50,000 are probable, they must be recorded as accrued liabilities, since the last $10,000 are possible, they must be recorded as contingent liabilities.

8 0
2 years ago
Applicants for positions at a product distribution site are required to demonstrate the ability to drive a forklift and operate
FromTheMoon [43]

Answer:

The correct answer is b. recruitment and selection .

Explanation:

In the recruitment process, all the information of the employee, his experience, studies, skills, hobbies, family circle, expectations, aspirations, etc. is collected. From this moment on, a series of tests are carried out to determine that what has been previously stated is true, as well as simulating situations to know their behavior in the face of challenges of a different nature. In the particular case, technical skills in forklift driving and machine skills are required, which requires verification and practice processes to determine the suitability of the candidate to successfully execute this position.

3 0
2 years ago
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