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vladimir1956 [14]
2 years ago
10

Describe a "rite of initiation" that you experienced at a place of work. This could be described via a situation in which you be

gan with the company as a new employee, or during a period of time in which your status within the company changed. In your opinion, are rites of initiation in the workplace a good thing?
Business
1 answer:
SCORPION-xisa [38]2 years ago
3 0

Answer: Rites of initiation is a good thing at the workplace. The answer is explained further below.

Explanation:

Initiation is the rite of passage marking the entrance or acceptance into an organization, a group or a society. The rite of initiation I experienced at a place of work was when I worked as an intern for a firm and I was told that the rite of initiation was for me to sing my favourite song. I actually sang my favorite song and it was fun and I was welcomed into the organization and introduced myself.

I believe rites of initiation are important at the workplace. It helps to increase engagement, boost employee moral, and also foster a supportive culture. It also enable the organization reach its goals as the workers are united and work as a team.

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You purchased a ticket to the musical Hamilton through a verified reseller for $457.00. When your ticket arrives, you see that t
Anton [14]

Answer:

d.The face value is below the equilibrium price because the rate in the secondary market exceeds the face value.

Explanation:

Equillibrumnprice is defined as the price at which a buyer is willing to buy and a seller is willing to sell a product.

The buyer is willing to buy the ticket at $457 and the reseller also wants to sell at that price, so this is the equillibrum price.

The face value is $259 so it is less than the equillibrum price.

The rate in the secondary market is determining equillibrum price in this case.

5 0
2 years ago
As part of a major plant renovation project, the industrial engineering department has been asked to balance a revised assembly
ioda

Answer:

A)Minimum = 0.2 minutes

Maximum = 4.6 minutes

Cycle time = = 2 minutes per unit

B) Number of Stations = 3

D) the percentage of idle time for the assignment in decimal = 0.43

Explanation:

A) Operating output = 240 units per 8hours.

Converting to per hour, we get; 240/8 = 30 units per hour.

Minimum cycle time = longest task time

Maximum cycle time = sum of task times

Minimum = 0.2 minutes

Maximum = 0.2 + 0.4 + 0.2 + 0.4 + 1.2 + 1.2 + 1.0 = 4.6 minutes

Now, operational time(OT) is 8 hours a day. Converting that to minutes, we have =60x8 = 480 minutes

Cycle time(CT) = OT (per day) /desired output

Therefore, calculated cycle time = 480/240

= 2 minutes per unit

B) Number of stations = Maximum time / CT

= 4.6/2 = 2.3 which is approximately 3 stations

C) The task diagram is drawn in image 1 attached. Therefore, we can assign tasks based in the greatest number of following tasks as follows;

Task Number of following tasks

a 4

b 3

c 2

d 2

e 1

f 1

g 0

D) for the idle time from the assigned tasks in "c" above, from the "image 2" attached; the percentage of the idle time will be=

Total remaining time of tasks without remaining feasibility tasks/ {(number of these tasks) x(CT)}

Which gives percentage of idle time = (0.8 + 0.8 + 0.8 + 1.0)/{(4)x(2)}

= 3.4/8 = 42.5%

Since we are to convert to decimal,

= 0.425 approximately 0.43

4 0
2 years ago
Thompson’s house was destroyed by fire and claims were filed with the insurance company. The insurance company (insurer) hired C
joja [24]

Answer:

Yes, Thompson is correct in his claim to be a third party beneficiary of the Cannon-insurer contract.

Explanation:

A third party contract covers an individual or firm against a loss caused by some third-party.

An example is fire insurance that will indemnify Thompson (third party) with Cannon-insurer contract.

Since Cannon is the insured, he will investigate to be sure that the cause of the fire was worthy of indemnity. This is definitely why he is in agreement with the insurer.

The two main categories of third-party insurance are liability coverage and property damage coverage.

8 0
2 years ago
The Tennis Times (TTT) is a publisher of magazines. Its accounting policy for subscriptions follows:RevenuesRevenues from our ma
serg [7]

Answer:

The Tennis Times:

1) Accounts, amounts, and accounting equation effects of transactions:

a) Cash Account and Deferred Subscription Revenue Account will be debited and credited with the sum of $420 million respectively.

The accounting equation is Assets (Cash) will be increased and Liabilities (Deferred Subscription Revenue) increased by $420 million respectively.

b) Deferred Subscription Revenue Account and Subscription Revenue Account will be debited and credited with the sum of $204 million in 2018 respectively.

The accounting equation is Retained Earnings will increase and Liabilities (Deferred Subscription Revenue) will decrease by $204 million respectively.

c) Deferred Subscription Revenue Account and Subscription Revenue Account will be debited and credited with the sum of $216 million in 2019 respectively.

The accounting equation is Retained Earnings will increase and Liabilities (Deferred Subscription Revenue) will decrease by $216 million respectively.

2) Journal Entries:

2018:

a) Debit Cash with $420 million

Credit Deferred Subscription Revenue with $420 million

To record the collection of subscription for 2018 and 2019.

b) Debit Deferred Subscription Revenue Account with $204 million

Credit Subscription Revenue Account with $204 million

To recognize subscription for 2018

c) Debit Deferred Subscription Revenue Account with $216 million

Credit Subscription Revenue Account with $216 million

To recognize subscription for 2019

Explanation:

a) When revenue is collected, it should be recognized in the financial statement (Income Statement) based on the matching principle and accrual concepts.

The matching principle states that revenue for a period should match the expenses or costs incurred for earning the revenue.  And the accrual concepts states that revenue and costs should be recognized whether cash was received or not.

The implication is that when though revenue was collected for 2018 and 2019, only the revenue for 2018 should be recognized in the financial statement of 2018.  The other part for 2019 should be deferred till 2019 when it would be recognized.

4 0
2 years ago
Brenda young desires to have $15,000 eight years from now for her daughter's college fund. if she will earn 6 percent (compounde
labwork [276]

Present value PV= FV(1/(1+r)^n)

PV = Present Value

FV = Future Value

r= rate

n= number of years

Just plug in the numbers and calculate.

7 0
2 years ago
Read 2 more answers
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