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klemol [59]
2 years ago
6

Should prisoners be paid minimum wage for their work for state agencies? How about from the private enterprises using their labo

r? Why or why not? From an ethical perspective, would it be right for a state to replace public sector workers with prison labor as a cost-cutting measure? Why or why not? Should prisoners be allowed to form a union? If so, what barriers may exist to unionizing prisoners? Explain.
Business
1 answer:
sdas [7]2 years ago
6 0

Answer:

The real issue with prisoners being paid is not the fairness of paying someone for performing a job, but the extremely high costs of keeping someone in jail. When you read all the articles of people that oppose paying prisoners a minimum wage (or around $3 per hour), they all argue that the cost of keeping them in jail is already too high and they working for cents (on average a prisoner gets paid between 14¢ - 61¢ per hour) is away of returning something to society. The logic is that the government already pays for their food, shelter and security.

Personally, I understand the argument that keeping someone in jail is really expensive. That argument is really solid when you are talking about jobs related to government needs, but do they apply to jobs performed for businesses? No. A prisoner whose work makes someone wealthier, should be paid a reasonable amount. It is true that prisoners that work for businesses earn around twice as much, between 33¢ to $1.41, but that amount is still ridiculous. Again, someone is actually benefiting from prisoners' work while the general public pays for the costs of keeping them in jail.

The general public is actually subsidizing those businesses that are lucky enough to get basically free labor. Remember that not all prisoners are constantly hitting or attacking someone, the vast majority live relatively boring lives behind bars (OK, they are in jail and that is the point). They are able to perform many work related tasks. Businesses are taking advantage of both prisoners and the general public that pays the incarceration costs.

It is ridiculous to believe that using prisoners will reduce public expenses, it doesn't. It makes no sense to replace public sector workers with prisoners. Even though prisoners are able and capable of working, it costs a lot of money to guard them while at work. Who pays for it? The government pays for it. The logistics of using inmates as workers is very complex and expensive, and I bet it is much cheaper to pay a free person the minimum wage than it is to use inmates as workers.

Prisoners forming a union is also something that makes no sense. I believe and defend many social issues, but some topics shouldn't even be considered.

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Gentrification occurs as the......

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Here is the income statement for Larkspur, Inc.
adoni [48]

Answer:

a. The Earnings per share is $3.87

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Explanation:

a. The Earnings per share would be calculated as follows:

Earnings per share = (Net income – Preferred stock dividend)/Average number of common shares outstanding

We need to use the formula of the Weighted Average number of common shares outstanding to calculate the Preferred stock dividend.

Therefore, Weighted Average number of common shares outstanding = (Number of common shares outstanding in the beginning + Number of common shares outstanding in the end)/2

= (27,600 + 36,700)/2

= 32,150

Preferred stock dividend = $6,700

Therefore, Earnings per share= (131,100 – 6,700)/32,150

= 124,400/42,150

= $3.87

b. The Price-earnings ratio would be calculated as follows:

Price - earning ratio = Market price per share / Earning per share

= $15 / $3.87 = 3.87 times

c. The Payout ratio would be calculated as follows:

Payout ratio = (Total cash dividends - Preferred stock dividends) / Net income

= ($22,700 - $6,700) / $131,000 = 12.21 %

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Times interest earned = (Net income + Interest expense + Tax expense)/Interest expense

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The can of spray paint in item 7 is set aside for an hour. during this time, the contents of the can return to room temperature.
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2 years ago
Daryl wishes to save money to provide for his retirement. He is now 30 years old and will be
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Answer:

The answer is $138.92

Explanation:

Solution

Given that:

Daryl today's Age = 30

The Retirement Age = 64

The Total Monthly Deposits = ( 64 - 30 ) * 12 = 408

Now,

In case of 12% Compounded Monthly , Interest Rate per month = ( 12% / 12 ) = 1%

Then,

The Effective Interest Rate per year = ( 1 + 0.12/12 )12 - 1 = 1.1268 - 1 = 0.1268 = 12.68%

So,

The Present value of Annual 25 Years withdrawal of $100,000 at time of Retirement = $100,000 * PVAF ( 12.68% , 25 )

= $100,000 * 7.4864

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Now

The Present Value of total Amount Required at time of Retirement = $748,642.20 + $50,534.52

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Now

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X = $138.918

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4 0
2 years ago
Bannister Motors Corporation reported the following variances for the period just ended: Variable-overhead spending variance: $5
oee [108]

Answer:

Company should focus on variances that total is $120,000 U

Explanation:

Given:

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Variable-overhead efficiency variance = $28,000 U

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Fixed-overhead volume variance = $30,000 U

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The company should pay initial attention to its expenses whether it is a fixed or variable expense.

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Company should focus on variances = $50,000 U + $70,000 U

Company should focus on variances = $120,000 U

5 0
2 years ago
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