The total relevant costs to make the part for Rams would be $840,000. Option (b) is the correct answer. To calculate Rams' total relevant costs to make the part.
We need to consider the direct labor cost, direct materials cost, and the portion of fixed overhead that is relevant to the decision.
Direct labor cost per unit: $26
Direct materials cost per unit: $12
Fixed overhead cost per unit: 40% of $10 = $4
Total relevant costs to make the part per unit = Direct labor cost + Direct materials cost + Relevant portion of fixed overhead
\(= $26 + $12 + $4\)
\(= $42\)
Since Rams needs 20,000 units of the part, the total relevant costs to make the part would be:
Total relevant costs to make the part = Total relevant costs per unit * Number of units needed
\(= $42 * 20,000\)
\(= $840,000\)
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Jenson is a senior-level manager in his organization. He makes strategic-level decisions to improve the sales or to increase the profits of the organization. Which information system will reflect the strategic decisions that Jenson makes as a senior manager? A. Executive information system B. Management information system C. Transaction processing system D. Decision support system
Answer: Management information system
Explanation:
The information system that reflect the strategic decisions that Jenson makes as a senior manager is the management information system.
Management Information System is simply referred to an information system that is used to make decisions and also used for analysing and coordinating information in the organization. It studies the relationship and interaction that exist between the people and the organization.
Answer:
decision support system
Explanation: PLATOOOOOOOOOOOOO
6. Describe at least three things a bank would consider about you when deciding whether to give you a loan. (1-3 sentences. 3.0 points)
Explanation:
Your Credit History
Your Ability To Pay The Loan
Your Cash Flow History
Mark believes he needs an minimum of two exposures for the campaign to be effective. What number of people will receive a minimum of two exposures if he places ads in both HSS and ACT in the same month
If he places ads in both HSS and ACT in the same month, the number of people who will receive a minimum of two exposures depends on the overlap between the two audiences.
By placing ads in both HSS and ACT, Mark is essentially targeting two different groups of people. The number of people who will receive a minimum of two exposures can be determined by identifying the individuals who are present in both audiences. This overlap represents the portion of the target audience that will be exposed to the campaign through both channels.
Mark needs to analyze the data on audience overlap between HSS and ACT. This can be done by comparing the demographics, interests, or any other relevant criteria of the audiences. By identifying the common individuals in both groups, Mark can determine the size of the target audience that will receive multiple exposures.
By conducting an analysis of the audience overlap, Mark can make an informed estimate and adjust his campaign strategy accordingly.
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A company that is organized by function will group its employees into teams based on what?
This organisational structure divides workers into functional areas according to their areas of competence. These functional categories frequently correspond to phases of the value chain like operations, R&D, and marketing and sales.
What is meant by organisational structure?The way tasks are assigned, coordinated, and managed in order to achieve organisational goals is determined by the organisational structure. The foundation upon which standard operating procedures and routines are built is provided by organisational structure, which influences organisational action. Functional, multi-divisional, flat, and matrix organisational structures are the four different types.An organisational structure is a framework for managing specific tasks in order to accomplish a strategic goal. All of these activities have guidelines, expectations, and roles.An organization's structure serves as a tool for its members to carry out their duties in an effective and timely manner as well as for the organisation as a whole to achieve its goals and objectives. In addition to assigning employees their specific work duties and responsibilities, an organisational structure aids management in coordinating and managing operations.To learn more about organisational structure, refer to:
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Carradine Company prepares an adjusting journal entry to accrue salaries at year-end. What effect will this entry have on the financial statements
Answer: Increase in Liabilities; Decrease in Equity
Explanation:
If Salaries are accrued at year end, the salary expense will be credited to the Salaries Payable account which is a liability account to reflect that the company owes its staff some money.
The amount owed will be debited to the salaries expense account and so will reflect in the Income statement where it will reduce the net income for the period. This means that it will reduce Retained Earnings for the period and as Retained earnings is an Equity account, Equity in total will decrease.
what effect will a low economic growth have on the country
Answer:
it can lead to national poverty and economy crisis
A genuine free market requires restrictions on the ability of predator multinationals to create monopolies. True or False
Answer:
True
Explanation:
A free market, in normal terms does not permit the formation of monopolies seen as competition, and is also one of the characteristics of market that is free that are not obstructed, pure, by any involvement or interference from the government.
Therefore there is a possibility for predator multinationals to create or form monopolies.
Place the following steps for calculating net worth in the correct order
Options-
List your liabilities
Total your liabilities
Total your assets
List your assets
Subtract your liabilities from your assets
Answer:
See below
Explanation:
Net worth is calculated by subtracting total liabilities from the total assets. Assets are the valuables that belong to a business, while liabilities are what the business owes others.
The correct process for calculating net worth will be
List your assetsTotal your assets List your liabilities Total your liabilities Subtract your liabilities from your assetsHow many days after missing a student loan payment do your loans go into default?.
Answer:270 day past due
Explanation:
Plzzz helppp ASAP
What do business provide to the government?
Answer:
It provides paying taxes
Explanation:
apple company compares its first quarter sales revenue for the current year with its previous year's first quarter sales revenue. this is an example of what type of comparison?
Apple company compares its first quarter sales revenue for the current year with its previous year's first quarter sales revenue. This is an example of an Intracompany type of comparison.
What is intracompany analysis?Intracompany refers to analysis within a single company and can be horizontal, vertical, or a combination of both. Horizontal analysis entails laying out time periods of data side by side to analyze trends.
The intra-company comparison refers to comparing the past performance of a single entity to its current performance. It can also refer to a comparison of two or more subsidiaries of the same parent company.
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Why might someone want to file a tax return even if they dont meet the minimum income requirement
A taxpayer might want to file a tax return because they want to ensure they pay necessary tax as when due.
What is a filing of tax return?A tax return basically means the forms filed with the tax authority by a taxpayer that entails his/her income, expenses, tax information etc.
The filing of tax return allow the taxpayers to:
calculate their tax liabilityschedule tax paymentsrequest refunds etcHowever, a taxpayer might want to file a tax return even if they dont meet the minimum income requirement because they want to ensure they pay necessary tax as when due.
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To calculate the number of montly payments required to pay off a loan or meet an investment goal, use the _______ function.
To calculate the number of monthly payments required to pay off a loan or meet an investment goal, use the nper function.
In finance, lending is the lending of money by one or more individuals, organizations, or other entities to other individuals and organizations, etc. The beneficiary incurs a debt and usually has to pay interest on that debt until that debt is also repaid. to repay the principal borrowed.
The promissory note will typically state, among other things, the principal amount of the loan, the interest rate charged by the lender, and the date of repayment. A loan involves reallocation of assets in question over a period of time, between the lender and the borrower.
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seasonal inventory allows a firm to maintain a smooth production flow throughout the year. group of answer choices true false
The statement, "Seasonal inventory allows a firm to maintain a smooth production flow throughout the year" is True.
What is seasonal inventory?Seasonal inventory can be defined as the practice of storing items, such as consumer products, materials, or commodities when they are in high demand and then selling them off when demand decreases.
It is an inventory management technique used by businesses to ensure they have enough stock to meet demand during peak periods and avoid overstocking during low periods.
What is production flow?Production flow is the process of taking a raw material and transforming it into a final product. It involves a series of sequential steps and activities that lead to the manufacture of a finished product. It includes all the stages of production, from the procurement of raw materials to the delivery of finished goods to the customer.
Seasonal inventory allows a business to keep its production flow consistent throughout the year by ensuring that enough raw materials are available to meet demand during peak periods. It also prevents overstocking during low periods, ensuring that the business maintains its profitability.
As a result, seasonal inventory management can help companies maintain a more efficient and cost-effective production process.
Hence, The statement, "Seasonal inventory allows a firm to maintain a smooth production flow throughout the year" is True.
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Most of us have to work for a living, and a job is a central part of our lives. So why do managers have to worry so much about employee motivation issues? Can an individual be too motivated? Discuss
Explanation:
Employee motivation is not directly related to the conditions of their work and personal life. There are many studies and researches that seek to understand how the employee is motivated, one of the most accepted and used is the Maslow pyramid, which categorizes each human need in the form of a pyramid of needs, according to him, there are five needs that individuals need to fulfill to be motivated and satisfied in their personal and professional life, they are the physiological needs being the base of the pyramid and the most essential, followed by needs for security, affection, esteem and self-fulfillment.
Therefore, this theory of Maslow's needs is a parameter to understand how the human being remains motivated, and to help organizations to align their processes to fulfill each employee's need for fulfillment, seeking an organizational environment focused on safety, ethics, innovation, benefits monetary, etc.
Option Basics. It is May and a trader writes a September call option with a strike price of $20. The stock price is $18 and the option price is $2. Describe the trader's cash flow if the option is held until September and the stock price is $25 at that time.
When the trader writes a call option, they receive the premium, which in this case is $2. This premium is the trader's immediate cash flow. If the option is held until September and the stock price is $25 at that time, the holder of the call option will exercise the option and buy the stock at the strike price of $20, since it is more profitable to buy the stock at $20 and then sell it at the market price of $25.
As the writer of the call option, the trader will have to sell the stock at the strike price of $20, which means they will lose out on any potential gains above that price. The trader's cash flow in this scenario will be: They will have to sell the stock at the strike price of $20, which will result in a loss of $5 per share ($25 market price - $20 strike price).
The trader received a $2 premium when he sold the call option. Thus, the trader's net cash flow is a loss of $3 per share ($2 premium minus $5 share short loss) multiplied by the number of shares covered by the option contract. In conclusion, if a trader holds the option until September and the stock price at that time is $25, he will immediately receive a $2 premium, but if he has to sell the stock at the strike price, he will lose $3 per share. from $20.
"True or False: and why1- A unit of account implies that money may be subdivided into smaller units.2- Dollarization is the when some countries tie their monetary policy to the United States.3- Most countries abandoned silver as a backer of currency after the Great Depression.4- US money supply has decreased dramatically in the face of the current pandemic in an attempt to control inflationary pressures."
When we use the term "true," we refer to a claim that accurately captures reality or complies with verifiable facts. When we claim something is false, we mean it doesn't accurately reflect reality or isn't backed up by facts.
1. True. A unit of account is a function of money that allows for measuring and comparing the value of goods and services. In order to do so, money must be divisible into smaller units. For example, the US dollar can be divided into cents.
2. True. Dollarization occurs when a country adopts the US dollar as its official currency or when it decides to tie its monetary policy to the US dollar. This can happen for various reasons, such as to stabilize inflation or to increase confidence in the local currency.
3. True. Many countries did abandon silver as a backer of their currency after the Great Depression. This was because they wanted to increase their money supplies and couldn't do so while being tied to a finite amount of silver reserves. Instead, many countries shifted to fiat currencies, which are not backed by any physical commodity.
4. False. The US money supply has actually increased dramatically in response to the pandemic, as the Federal Reserve has implemented various measures to stimulate the economy and prevent a financial crisis. These measures include lowering interest rates, increasing asset purchases, and providing liquidity to financial markets. The concern is not inflationary pressures, but rather deflationary pressures due to the economic downturn caused by the pandemic.
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some warehouse retail chains serve as both retailers who sell to consumers and ______ who sell to other businesses.
Warehouse retail chains sometimes serve as both retailers and wholesalers
who sell to other businesses.
Wholesaler belongs to the chain of distribution which collects the goods
from the producer. It acts as the intermediary between the producer and
retailers. The wholesalers usually buy in bulk/large quantities and distribute
to the retailers.
The retailers collect the goods from the wholesalers and sell to the
consumers and acts as the intermediary between the wholesaler and
consumers.
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The consumption function is the relationship between consumption expenditure and _____, other things remaining the same.
The consumption function is the relationship between consumption expenditure and disposable income, other things remaining the same.
What is disposable income?After-tax earnings. The amount of money that Americans have left over after paying taxes matters to the entire economy, not just to individuals. Personal income less personal current taxes is the formula.
For a person, gross income is their total salary, or their earnings before deductions for taxes and other expenses. The income taxes you owe should be subtracted from your gross income. Your discretionary income is represented by the remaining sum.
Conventionally, indirect taxes like payroll taxes, value-added and other sales taxes, and employers' social insurance contributions are not taken into account when determining disposable income.
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Read, then answer the question.
For Walmart the functional process are Human Resources, Accounting and Finance, IT, and Marketing.
Accounting and finance
For an organization, the accounting and finance functional areas carry numerous responsibilities and accountabilities as well as helping to project the success of the organization and how well the organization is performing. Accounting and finance are closely linked in an organization. Accounting involves the process of collecting, categorizing, reporting, and analyzing an organization's financial resources. Accounting involves capturing and recording all activities, operations and transactions that have financial implications for the organization. While finance involves how an organization strategically makes investment and financing decisions that affect the way the organization operates. Finance and accounting have a mutual relationship in which they must work cohesively to achieve the organization's goals. The primary purpose of accounting and finance is to facilitate operations, provide measurement of actual performance, make decisions based on analysis of their cash position; providing external financial reports; and compliance with government standards, expectations and requirements in reporting all accurate financial information.
For Wal-Mart, that means having a global internal audit team to ensure that every store is operating as economically as possible. Walmart is actively streamlining and aggregating their payroll and financial services through their audit team, while their finance division is able to provide solutions, products and financial services to their mobile channels, websites and customers in their stores worldwide. In order to maintain their goals, Walmart determines the impact of each merger and acquisition on their business while maintaining their mission of helping their customers save money. Through their organizational structure, they are able to facilitate a system of accountability that makes their goals simple and achievable.
One cross-functional process used in Walmart is Quality Management:
Walmart approaches this decision area of operations management through three levels of quality standards. The lowest level determines the minimum quality requirements of most buyers. Walmart maintains this level for most of its brands, such as Great Value. The middle level determines the average quality of the market for low-cost retailers. This level is used for some products and also for the job goals of Walmart employees, especially sales staff. The top tier specifies quality levels that exceed market averages in retail. This tier only applies to a minority of Walmart outlets, such as Sam's Choice merchandise. This three-tiered approach meets quality management objectives in the strategic decision-making areas of operational management throughout the retail business organization.
_______________
Analyze each of the business processes above by explaining if they are efficient or not? Explain what makes the business process efficient or inefficient? If any of the business processes are inefficient, re-engineer (change) the inefficient business processes to make them more efficient and explain how the re-engineered process improved things.
Based on the information provided, we will analyze each of the business processes mentioned (Human Resources, Accounting and Finance, IT, and Marketing) and determine if they are efficient or not. We will also explain what makes a business process efficient or inefficient and propose re-engineering solutions if any of the processes are inefficient.
Human Resources:
Efficiency of the Human Resources (HR) process cannot be determined from the given information. HR efficiency depends on factors such as streamlined hiring processes, effective employee training and development programs, efficient performance management systems, and clear communication channels. Without specific details about Walmart's HR practices, it is difficult to evaluate their efficiency.
Accounting and Finance:
Based on the information provided, Walmart has established a global internal audit team to ensure economic operations and has streamlined payroll and financial services. These actions suggest a focus on efficiency in the accounting and finance process. Efficiency in accounting and finance is achieved through accurate and timely recording of financial transactions, effective financial analysis, cost control measures, compliance with reporting standards, and strategic decision-making. Walmart's approach aligns with these efficiency factors.
IT:
The efficiency of the IT process cannot be determined from the given information. Efficient IT processes typically involve robust infrastructure, streamlined data management systems, effective cybersecurity measures, optimized software and hardware configurations, and prompt resolution of technical issues. Without specific details about Walmart's IT practices, it is challenging to evaluate their efficiency.
Marketing:
The efficiency of Walmart's marketing process cannot be determined from the given information. Efficient marketing processes involve effective market research, targeted marketing campaigns, optimized advertising channels, personalized customer engagement, and measurable marketing performance. Without specific details about Walmart's marketing strategies and practices, it is difficult to evaluate their efficiency.
Re-engineering an inefficient business process involves identifying areas for improvement and implementing changes to enhance efficiency. Since the information provided does not indicate any specific inefficiencies, we cannot propose re-engineering solutions.
To improve the overall efficiency of business processes, Walmart could consider the following general strategies:
Process Automation: Identify repetitive and time-consuming tasks and automate them using technology solutions. This reduces manual errors and increases process speed.
Streamlined Workflows: Analyze existing processes and identify bottlenecks or unnecessary steps. Simplify workflows by removing redundancies and optimizing task sequences.
Technology Integration: Integrate different business systems and technologies to improve data sharing, collaboration, and decision-making across departments.
Performance Measurement: Implement metrics and key performance indicators (KPIs) to track process performance and identify areas for improvement.
Continuous Improvement: Encourage a culture of continuous improvement by seeking feedback from employees and customers, and implementing their suggestions for enhancing efficiency.
By implementing these strategies, Walmart can enhance the efficiency of its business processes, leading to improved productivity, cost savings, and better customer experiences.
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29.What are some potential difficulties that you might encounter when doing business in the Chinese market?
30.What actions could your company take to help improve your opportunities for success?
Research Your Comic Strip
When you are thinking about which careers you would like to pursue, it can be helpful to find out what a typical day in a certain job is like. For this assignment, you will create a “day in the life” comic strip that shows the job duties of someone who has a job in operations management.
“But I’ve never worked in any of those jobs,” you might say. You can research one of those jobs in one or more ways:
Think about what you learned in the unit.
Use some of the research you completed in Activity 1, if you completed that activity.
Interview a friend, family member, or neighbor who has had a job in some type of operations management.
Use different browsers and search engines to find information. For example, you might use search terms such as “quality control manager day in the life” or “purchasing agent everyday tasks.”
You will probably have to use more than one research method to get the information you need.
Step 2: Rough Out Your Script
Most comic book artists create a script before they begin drawing. Here are some steps to help you.
Think about what you have learned.
Put the tasks in time order: What happens early in the workday, in the middle of the day, and before the person leaves work?
Will your comic include dialogue? That means words spoken between people.
What terminology does someone in this job use? Decide whether you will use it in your comic.
What are the most important things you want your reader to know about this job?
Step 3: Draw Your Comic
Now that you know what information you want to include and in what order, start drawing your comic. Don’t worry about being a great artist. You can use stick figures if you want to. Just make sure a reader can understand the sequence of events and learn about this career path.
You can create your comic by folding a piece of paper into sections (one section per panel) or by using illustration software or presentation software (one screen or one slide per panel). If you draw your comic, take a picture of the final comic and submit the image.
Submit your comic to the dropbox.
Answer:
"Comics" is used as a non-count noun, and thus is used with the singular form of a verb, in the way the words "politics" or "economics" are, to refer to the medium, so that one refers to the "comics industry" rather than the "comic industry".
"Comic" as an adjective also has the meaning of "funny", or as pertaining to comedians, which can cause confusion and is usually avoided in most cases ("comic strip" being a well-entrenched exception).
Explanation:
Comic strip conversations are a technique developed by Carol Gray to help people with autism develop greater social understanding. Comic strip conversations provide visual representations of the different levels of communication that take place in a conversation, using symbols, stick figure drawings and colour.
Comic books also provide authentic material to depict how grammar is used in conversations as opposed to sentences without background. They are funny and will engage the students. It also promotes learning different cultures as comic books are used across the world which will further boost vocabulary.
So let's focus first on the five features that are probably the most important: image style, words and word containers, word-image relationships, undrawn inferences, and layout. You can spend hours exploring them, but here's a brief introduction to each.
what was the initial, root cause of the international debt crisis?
The initial root cause of the international debt crisis can be traced back to the 1970s when oil-producing countries, after experiencing a surge in oil revenues, deposited large amounts of money into Western banks.
In turn, these banks sought to lend their excess capital to developing countries, particularly in Latin America and Africa. The loans were primarily used for infrastructure projects and industrialization efforts.
However, several factors contributed to the escalation of the crisis. The increase in global interest rates in the late 1970s and early 1980s made debt repayment more difficult for these countries. Additionally, economic conditions, such as stagnant commodity prices, hindered their ability to generate sufficient export earnings to service their debts.
As the situation worsened, countries began to default on their loans, resulting in a crisis that affected both the indebted nations and the international financial system. International institutions like the International Monetary Fund (IMF) and World Bank intervened by providing financial assistance and implementing structural adjustment programs, aiming to stabilize economies and ensure debt repayment. In summary, the international debt crisis stemmed from a combination of surplus petrodollar recycling, excessive lending to developing countries, and unfavorable global economic conditions.
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1. Give the three (3)
business resources
Answer:
Financial Resources
Human Resources
Educational Resources
Explanation:
What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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1.1.5 These are public goods for which it is possible to exclude free riders by levying fees and tolls. A. Non-rejectable B. Free goods C. Community goods D. Collective goods (5 x 2) (10)
Collective goods are public goods for which it is possible to exclude free riders by levying fees and tolls.
What are collective goods?Collective goods are goods that are non-excludable, meaning that it is impossible or very difficult to exclude people from using them, but they are still rivalrous, meaning that their use by one person can reduce their availability for others.
Examples of collective goods include public parks, highways, and national defense. However, it is possible to exclude free riders from using collective goods by levying fees or tolls, which can help to generate revenue to maintain and improve the quality of the goods.
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In a hypothetical country, Nominal GDP has increased by 5%. Which of the
following must be true? (1 point)
Prices have increased.
Either price, economic output, or both has increased.
The quantity of economic output has decreased.
The quantity of economic output has increased.
As a result of an increase in nominal GDP, we can infer that Either price, economic output, or both has increased.
Nominal GDP can increase when:
An increase in price makes the final price of goods and services more than it was before An increase in economic output means that more goods and services are being produced that increase GDPThere is also the chance that both of these could happen at the same time. This would increase the Nominal GDP by a higher rate.
In conclusion, a rise of nominal GDP could come from either or both of those factors.
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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) 50 b) $865.94 C) $991.36 d) $1156.36
Option(A) is the correct answer. Krishna will receive a disability benefit of $660 under the CPP.
To determine the disability benefit that Krishna will receive under the CPP, we need to consider a few factors. First, let's calculate the disability benefit based on the provided information:
The flat-rate disability amount is $496.36 per month.
The maximum monthly disability benefit is $1362.30.
Krishna's entitlement to a CPP retirement benefit is $660 per month.
To calculate the disability benefit, we compare the retirement benefit to the flat-rate disability amount and the maximum monthly disability benefit:
The disability benefit will be the lesser of:
The retirement benefit ($660)The flat-rate disability amount ($496.36) plus the retirement benefit minus the flat-rate disability amount.Let's calculate the disability benefit based on the above formula:
Disability benefit = min(retirement benefit, flat-rate disability amount + retirement benefit - flat-rate disability amount)
= min($660, $496.36 + $660 - $496.36)
= min($660, $660)
= $660
Therefore, Krishna will receive a disability benefit of $660 under the CPP.
Option (a) 50, option (b) $865.94, option (c) $991.36, and option (d) $1156.36 are not correct based on the given information. The correct answer is that Krishna will receive a disability benefit of $660 under the CPP.
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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) $660 b) $865.94 C) $991.36 d) $1156.36
Could someone help me please?
Answer: Yes Definitely. But i need the question
Explanation:
you can get the solution on Brainly straightly.
Henry, a trainer at MyChem Inc., schedules training on handling hazardous chemicals for a group of newly hired employees. The training complies with OSHA regulations and is given to all employees upon hire along with periodic refreshers. The type of training described in this scenario is _____.
Answer:
Hazard Communication Standard (HCS) training program
Explanation:
The type of training described in this scenario is known as the Hazard Communication Standard (HCS) training program. This is a employee training program designed with the goal of explaining and reinforcing the written information regarding hazard labels and material safety data sheets, as well as how to behave around hazardous material and to apply this information to their workplace.