If carey also subscribes to chicago magazine for $54 so she can find great places to take client's to dinner and review the best 50 lawyers in chicago list published each year. carey's deduction on for the above items for the 2021 tax year is : $1724
Determining carey's deductionUsing this formula
Deduction = Annual subscription + Legal reference service + Chicago magazine
Where:
Annual subscription = $170
Legal reference service = $1500
Chicago magazine = $54
Let plug in the formula
Deduction = $170 + $1500 + $54
Deduction = $1724
Therefore the deduction is the amount of $1724.
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Conducting research about an occupation, company, or job can increase your employability by up to _____. a. 5% b. 15% c. 25% d. 35% please select the best answer from the choices provided a b c d
Conducting research about a company, job, or occupation can increase your employability by up to 25%. Thus, the correct answer option is (c) 25%.
Whenever you apply for a job in a company, you should always first conduct research about the company you want to work for and the job you are applying for. This is because it makes you well aware of the company’s history, vision, mission, marketing strategies, and products offered. In turn, that shows your possible interviewer your interest in the job that you would really like to have it.
The information you obtain through research can benefit you in getting the job, as it enables you to give your best possible impression in the interview.
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mansfield pharmaceuticals markets zipro, an antibiotic. the firm has fixed costs of $1,000,000 and variable costs of $2 per bottle of 50 tablets priced at $10 per bottle. what is the break-even volume?mansfield pharmaceuticals markets zipro, an antibiotic. the firm has fixed costs of $1,000,000 and variable costs of $2 per bottle of 50 tablets priced at $10 per bottle. what is the break-even volume?
125,000
Fixed Costs/ (Price-Variable Cost)
1,000,000/ (10-2)
=125,000 units is the break-even volume.
In arithmetic, a variable is a symbol and placeholder for any mathematical item. Especially, a variable can also constitute a number, a vector, a matrix, a feature, the argument of a function, a set, or a detail of a hard and fast. Algebraic computations with variables as though they had been specific numbers resolve various troubles in a single computation. As an example, the quadratic formulation solves any quadratic equation with the aid of substituting the numeric values of the coefficients of that equation for the variables that constitute them in the quadratic system. In mathematical common sense, a variable is either an image representing an unspecified term of the theory (a meta-variable) or a primary item of the theory this is manipulated without referring to its possible intuitive interpretation.
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madsen motors's bonds have 12 years remaining to maturity. interest is paid annually, they have a $1,000 par value, the coupon interest rate is 12%, and the yield to maturity is 14%. what is the bond's current market price? round your answer to the nearest cent.
Market Value of the Bond is $304 when bonds have 12 years remaining to maturity and interest is paid annually, they have a $1,000 par value.
According to given data
Assuming the Face value of the bond is $1,000
Coupon payment = C = $1,000 x 12% = $120 annually
Number of periods = n = 12 years =
Current Yield = r = 14% / 2 = 7% semiannually
Market Value of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ $1,000 / ( 1 + r )^n ]
Market Value of the Bond = $120 x [ ( 1 - ( 1 + 14% )^-12 ) / 14% ] + [ $1,000 / ( 1 + 14% )^12 ]
Market Value of the Bond = $96 + $ 208= $304
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lucie is reviewing a project with an initial cost of $38,700 and cash inflows of $9,800, $16,400, and $21,700 for years 1 to 3, respectively. should the project be accepted if it has been assigned a required return of 9.75 percent? why or why not? a) yes; because the irr exceeds the required return by .34 percent b) yes; because the irr is less than the required return by .28 percent c) yes; because the irr exceeds the required return by .28 percent d) no; because the irr exceeds the required return by .34 percent e) no; because the irr is only 9.69 percent
Yes, because the IRR is .34 percent higher than the required return.
What is initial cost?The total cost of purchasing an asset is referred to as the original cost. The original cost of an asset takes into account all of the costs associated with its acquisition and use. The average cost of purchasing or manufacturing your stock on hand is referred to as the initial cost. Here are some of the reasons why determining and establishing the initial cost of your stock is critical.The money required for the capital construction or renovation of a facility, or the construction of an addition, is referred to as the initial cost. Licensing and permits, insurance, office supplies, payroll, marketing costs, research expenses, and utilities are all examples of startup costs.Therefore,
Yes, because the IRR is .34 percent higher than the required return.
0 = −$38,700 + $9,800 / (1 + IRR) + $16,400 / (1 + IRR)2 + $21,700 / (1 + IRR)3;
IRR = 10.09% Excess return
= 10.09% - 9.75%
= .34%
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what is a bond's accrued interest?multiple choice question.it is additional interest that the firm must pay if interest checks are mailed late.it is the difference between the coupon rate and market rate of interest.it is interest that has been received but not yet earned.it is interest that has been earned but not yet received by the current bondholder.
Interest on a bond that has accrued but has not yet been paid to the current bondholder.
The interest that accumulates (accrues) every day between coupon payments is known as accrued interest. You will probably buy a bond between coupon payment dates if you sell it before it expires or purchases it on the secondary market.
It is determined by multiplying the principle amount by the interest rate, the number of days the debt is given or taken, and the number of days in a year. After that, the result is divided by 365.
The buyer of a bond pays the seller the accumulated interest; the issuer is not involved in the transaction. Bonds will always cost more than the listed price since the cumulative interest payment is added to the market price.
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currently, which type of financial institution in the primary mortgage market provides the most funds for the residential (owner-occupied) housing market?
Financial institution in the primary mortgage market provides the most funds for the residential (owner-occupied) housing market is Commercial bank.
What is Commercial bank?The term commercial bank accepts deposits, provides checking account services, issues various loans, and provides basic financial products such as certificates of deposit (CDs) and savings accounts for individuals and small businesses. A commercial bank is a financial institution that performs the function of accepting deposits from the general public and lending money for investment, with the aim of making a profit. In fact, commercial bank, as the name suggests, exclude commercial institutions.They bank to make a profit. Commercial bank can be further classified into public sector banks, private sector banks, foreign banks and regional regional banks (RRBs). On the other hand, credit unions are divided into urban and rural areas. That said, payment banks are a fairly recent addition to the structure.To learn more about commercial bank from the given link :
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expected return american eagle outfitters (aeo) recently paid a $.44 dividend. the dividend is expected to grow at a 16.10 percent rate. at the current stock price of $24.67, what is the return shareholders are expecting? multiple choice 16.12% 18.17% 16.10% 17.92%
18.17% return the shareholders are expecting.
According to the constant dividend growth model
price = d1 / (r - g)
Next dividend to be paid=(0.44 x 1.1610)
Cost of equity= r
Growth rate=0.1610
24.67 = (0.44 x 1.1610) / (r - 0.1610)
24.67 x (r - 0.1610) = 0.51084
(r - 0.1610) = 0.02070
cost of equity, r= 0.2070+0.1610
cost of equity, r = 0.1817
= 18.17%
shareholders return expecting = 18.17%
A person or legal organisation that is officially recognised by a corporation as the owner of shares of the share capital of a public or private corporation is referred to as a shareholder.
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the marginal propensity to consume is: group of answer choices total consumption in a given period divided by total disposable income the fraction of each additional dollar of disposable income spent on consumption the percentage of total disposable income spent on consumption that part of the consumer dollar that goes to the purchase of investment goods
The percentage of every additional dollar of disposable income spent on consuming is known as the marginal propensity to consume. Here option B is correct answer.
The marginal propensity to consume (MPC) is a concept used in economics to describe the portion of a customer's overall income rise that they spend on spending rather than saving.
The marginal propensity to consume (MPC) index measures the proportional increase in spending that occurs with income growth. It quantifies the portion of additional income that is spent on consumption as opposed to savings, to put it another way. The Keynesian economic theory uses MPS most commonly.
MPS is simply calculated as the difference between the observed change in income and the observed change in savings. A consumer's marginal propensity to save (MPS), in accordance with Keynesian economic theory, is the portion of an increase in overall income that they decide to save as opposed to spending on goods and services.
Complete question:
The marginal propensity to consume is:
A - Total consumption in a given period divided by total disposable income
B - The fraction of each additional dollar of disposable income spent on consumption
C - The percentage of total disposable income spent on consumption that part of
D - the consumer dollar that goes to the purchase of investment goods
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when asked, owners and managers of small hospitality businesses might say they know that their employees need training whenever they hear guests complain. the principal advantage of soliciting guest feedback as a means of training needs assessment is that:
Principal advantage of soliciting guest feedback as a means of training needs assessment is that it demonstrates a property's commitment to service.
Feedback happens when a system's outputs are used as inputs again as part of a cause-and-effect circuit or loop. [1] It can thus be claimed that the system feeds back on itself. Simple causal inference concerning a feedback system is challenging because the first system affects the second, which affects the first, creating a circular argument. Offering money to someone with the express purpose of persuading them to commit a crime is the incipient crime of soliciting. Despite being on private property, door-to-door soliciting is permitted in the United States. Traveling salespeople's freedom of speech for business purposes has been upheld by the Supreme Court's decision that they had a constitutional right to be there.
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when interest is compounded continuously: a) the cash flow must also occur continuously. b) the cash flow must be converted into continuous cash flow. c) the interest rate must be converted into an annual rate. d) none of the abov
The correct answer is d. When interest is compounded continuously the cash flow may not occur continuously.
Compound interest, often known as interest on principal and interest, is the adding of interest to the loan or deposit principal. Reinvesting interest, or restoring it to the lent capital instead of paying it out or requiring payment from the borrower, results in interest being earned on the principal amount plus already accumulated interest in the next period. In finance and economics, compound interest is common. In contrast to simple interest, which does not compound since past interest is not applied to the principal for the current period, compound interest allows interest to build over time.
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Some grocery stores offer gas discounts for every $100 spent on groceries, regardless of how long it takes to spend that amount. These grocery stores illustrate the use of a.
Some grocery stores offer gas discounts for every $100 spent on groceries, regardless of how long it takes to spend that amount. These grocery stores illustrate the use of a reward system.
What is a reward system?This is the term that is used to refer to the system of appreciation that the owners of a business would have to forward to the people that conduct business with them. The people make use of the reward system as a way of getting the consumers to keep coming.
Hence we would say that the use of the discount for the amount spent would be an example of a reward system.
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a company establishes control with its most recent of a series of purchases of company b's voting stock. what are the valuation implications for company a's investment in company b as of the date control is obtained? multiple choice question. company b will be valued in total as the sum of the acquisition prices of each of the series of purchases. company b will be valued as the sum of the preacquisition equity method balance plus the purchase price that established control. company b will be valued in total at its control-date fair value.
Option (c), which states that Company B will be valued overall at its control-date fair value, is the proper choice.
What options does the parent business have to record the investment on separate books?The consolidated method and the equity method are two well-liked accounting solutions. The revenue from a subsidiary firm is recorded by parent companies using the equity method and is adjusted every fiscal period.
What time period should be considered the purchase date for a corporate merger?The date the acquirer takes control of the acquiree is known as the acquisition date according to IFRS 3. This is typically the designated closure or completion date in a combination made pursuant to a sale and purchase agreement (The transfer of consideration, the issuance of acquiree shares, or the acquisition of underlying net assets).
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while paula likes the structure provided by the rational decision-making process, you caution her that it has some shortcomings. why is the rational decision-making process difficult to apply completely in many situations? check all that apply.
The rational decision-making process difficult to apply completely in many situations are:
Managers don't always assess situations rationally.
Administrators may not always have access to complete and accurate information.
Managers are limited by their own values and unconscious beliefs.
Rational decision-making uses objective data, logic, and analysis to solve problems or achieve goals, rather than subjectivity and intuition. Here's a step-by-step model to help identify the problem.
Rational decision-making is the opposite of intuitive decision-making. It is a rigorous procedure with objective knowledge and logic. It is about identifying problems to solve, gathering facts, identifying and analyzing options and outcomes, and considering all relationships to make decisions.
Rational decision-making is important. Because by cultivating an objective perspective, it provides a way to overcome the specific challenges we face and approach new opportunities.
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which of the following would cause the demand for loanable funds to increase? a major sporting event in town that causes people to withdraw money from their bank accounts. a new investment tax credit for businesses to expand. a reduction in consumer confidence that causes people to save more. a reduction in government spending.
A new investment tax credit for businesses to expand would cause the demand for loanable funds to increase.
If the passage of an investment tax credit makes firms to invest more, the demand for loanable funds would increase. As a result, the equilibrium interest rate would rise, and the higher interest rate would stimulate saving.
This diminish will cause a negligible diminish within the motivation to save (a diminish within the amount supply of loanable reserves).
But, as the intrigue rate diminishes, the taken toll of borrowing will diminish as well causing an increment within the amount requested of loanable reserves as they are presently cheaper.
On the other hand, the supply of loanable reserves is decided by the readiness of family units to spare in expansion to the reserve funds, or dissaving, of the government. When family units spare more nowadays, they are too diminishing their current levels of utilization.
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the cowboy shop has current liabilities of $151,200; cash in the amount $13,900; securities valued at $95,250; and accounts receivable of $157,300. calculate the acid test ratio.
(cash + security valued + account receivable) / current liabilities
= (13900 + 95250 + 157300) / 151200
= 1.76 : 1
The acid-test ratio is a form of liquidity ratio that gauges a company's capacity to use its available cash or quick assets to rapidly pay off or retire its current liabilities.
A company with a high or rising acid test ratio will have quicker inventory turnover and cash conversion cycles. This ratio appears when a company's top line is expanding, receivables are converted into cash fast, and obligations are readily met.
The stronger the ratio, the more liquid the company is and the healthier its overall finances are. If the ratio is 2, it means that the company's liquid assets are $2 more than its current liabilities, or $1.
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how has persuasion changed in the digital age? check all that apply. persuasive messages are targeted to very specific audiences persuasion is more complex and impersonal all businesses are in the persuasion business persuasive messages are slow to engage audiences persuasive techniques are more subtle and misleading
Persuasion is more complicated and impersonal, and persuasive techniques are more deceptive. The number and reach of persuasive communications have exploded.
How persuasion works?
These are the traits of the persuasion in the digital era that they create changes. Persuasion is one of the marketing strategies that merely draws customers in to make purchases of the goods or items. Persuasion has become a more delicate and vital art form in our digital age.
One of the most efficient ways to influence people's opinions is through persuasion, which also expands the audience's diversity more quickly. The mechanics of the proposed persuasion fundamentally alter the modern era.
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________ occurs when the supplier, rather than the retailer, manages the entire inventory process for a particular product or group of products, resulting in more effective inventory replenishment.
Vendor-managed inventory (VMI) occurs when the supplier, rather than the retailer, manages the entire inventory process for a particular product or group of products, resulting in more effective inventory replenishment.
Vendor Managed Inventory (VMI) is an inventory management practice in which a vendor of goods, usually a manufacturer, is responsible for optimizing the inventory that a distributor has. In traditional inventory management, retailers (sometimes we refer to as buyers or buyers) make their own decisions regarding the amount of goods they will order.
Whereas in VMI, retailers share their inventory data with vendors in such a way that it is the vendor who becomes the decision maker who determines the number of orders for goods for both. That way, the vendor is responsible for the retailer's ordering costs, while the retailer has to pay for the storage costs themselves.
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your company just received its bank statement, which indicates that the balance is $5,250. the cash balance in your books is, however, $4,950. you know as well that there is a note receivable collected by bank for $300 that explains the difference. to reconcile the bank statement with the cash balance in your books, you should...
To reconcile the bank statement with the cash balance in your books, you should Reduce the bank statement by $300.
Statements of bank reconciliation have confirmed that cash receipts have been placed into the bank and that payments have been handled. The reconciliation statement shows differences between the bank balance and the book balance, which aids in processing any necessary adjustments or corrections.
In order to make modifications to the accounting records, address any discrepancies, and spot fraudulent activities, you would perform a bank reconciliation by comparing the cash balances on the balance sheet to the matching amount on your bank statement.
Bank Reconciliation Procedure:
Add back any deposits that are currently in-transit using the cash balance shown on the bank statement. Subtract any unpaid checks. You'll see the most recent cash balance in the bank. The company's ending cash balance is then increased by any interest earned and the number of notes receivable.
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if an unforeseeable event occurs which makes it unreasonably difficult or expensive for one party to perform the contract, the contract might be discharged on the grounds of:
If an unexpected occurrence occurred after the contract was signed that made performance unreasonably onerous or expensive, impracticability may apply. The event must not be something that the parties could have controlled and that they could not have reasonably expected occurring.
What is an example of terminating a contract when performance is impossible?A contract could specify a number of acts or delivery together with the associated payment. There is no entire performance; only partial completion may be provided or performed. In accordance with contract law, impossibility is a defense that a seller may raise when an unforeseeable circumstance arises after the contract is signed and renders performance impossible. When the responsibilities of the contract between the contract's parties are fulfilled, the contract is discharged. This also renders the contract's legal validity null and void. The contract is sometimes referred to as being discharged or being terminated.
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You need to write a check for $167. 50 from your checking account, which has a balance of $1,725. 25. What percent of your balance will remain?.
Percentage of the balance which will be remained is 90.29%
It is given that the balance is $1725.25
Check amount which has to written is $167.50.
Thus, the remaining balance after getting deducted will be $1725.25 - $167.5 = $1557.75
Percentage of the balance = (Remaining balance ÷ Total amount )×100
= ($1557.75 ÷ $1725.25) ×100
= (0.9029) ×100
= 90.29%
Thus, Percentage of the balance is 90.29%
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most home insurance policies cover jewelry for $1,000 and silverware for $2,500 unless the items are covered by additional insurance. if $4,470 worth of jewelry and $3,660 worth of silverware were stolen from a family, what amount of the claim would not be covered by insurance?
The claim amount is $4,630, which is not covered by insurance.
What is claim amount?The sum payable at the maturity of an insurance policy or upon the death of the person insured to the beneficiary, nominee, or legal heir of the insured is known as the claim amount. The actual loss incurred by the Insured with respect to a Loan as calculated in accordance with Section V is referred to as the Claim Amount. Claim = Loss Suffered x Insured Value/Total Cost The goal of such an Average Clause is to limit the Insurance Company's liability. A Claim Payment is an amount paid to you under the Policy to compensate you for credit losses caused by unpaid insured receivables.Therefore,
The insurance company will pay the greater of the claim amount or the insurance coverage limit for each item. Because the values of the stolen jewelry and silverware exceed their individual coverage limits, the insurance company will pay the $1,000 for jewelry and $2,500 for silverware coverage limits.
Amount not covered by insurance = ($4,470 - 1,000) + ($3,660 - 2,500)
= 3,470 + 1,160
= $4,630
storico currently has 24,000 shares outstanding that sell for $46.49 per share. the company plans to issue a stock dividend of 20 percent. how many new shares will be issued?
New shares = 21,000(.125)New shares = 2,625 shares. A share is a unit used in mutual funds, limited partnerships, and real estate investment trusts in the financial markets. The term "share capital" describes all of an organization's shares.
What is shares?A share is a unit used in mutual funds, limited partnerships, and real estate investment trusts in the financial markets. The term "share capital" describes all of an organization's shares. A corporation's shareholder is someone who owns shares in the business.
Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends. A stock with no dividend payments does not distribute its income to its shareholders.
Shares signify ownership in a corporation. An individual becomes a shareholder in your business when they purchase shares.
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a stock is expected to pay the dividend of $1 per share in two months and in five months. the stock price is $50, and the risk-free interest rate is 8% per annum with continuous compounding for all maturities. what are the forward price and the initial value of a six-month forward contract on the stock?
The forward contract's initial value is 50.01 and its forward price is 1.9540.
Forward Contract: What is it?A forward contract is a sort of derivative in which the underlying asset is sold at a defined price and at a later time. The contract includes the writer and the buyer as the two parties. Interest, currency exchange rates, metal, stocks, etc. are examples of the underlying asset in a derivative contract.
Given:
Dividend = $1 per share
Stock price = $50
Risk-free rate = 8% per annum
Present value of income from security= ( dividend X [tex]e^{-risk- free interest rate X \frac{2}{12} }[/tex]) + (dividend X [tex]e^{-risk- free rate X \frac{5}{12} }[/tex] )
= ( 1 X [tex]e^{-0.08 X \frac{2}{12} }[/tex] ) + (1 X [tex]e^{- 0.08 X \frac{5}{12} }[/tex] )
= (1 X 0.98676) + (1 x 0.96722)
= 0.98676 + 0.96722
= 1.9540
Forward Price = (stock price - present value of income from security) X [tex]e^{- risk - free rate X \frac{6}{12} }[/tex]
= ( 50- 1.9540) X [tex]e^{-0.08 X \frac{6}{12} }[/tex]
= 48.046 X 1.041
= 50.01
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a company currently has sales of $700,000 and a contribution margin ratio of 45%. as a result of increasing advertising expense by $8,000, the company expects to increase sales to $735,000. if this is done and these results occur, net operating income will blank . multiple choice question. increase by $7,750 increase by $15,750 decrease by $12,250 decrease by $8,000
If this is done and these results occur, net operating income will increase by $7750.
Net operating income using this formula
Net operating income=(Expected Increase in sales-Current sales× Ratio-Advertising expenses)
Net operating income = $735,000 - ($700,000 x 45%) - $8,000
Net operating income= $7,750 increase
Therefore, net operating income will increase by $7750.
What is net operating income?A technique used by real estate professionals to swiftly determine the profitability of a certain investment is called net operating income, or NOI. Following the deduction of necessary operational expenses, NOI calculates the revenue and profitability of invested real estate property.
Since EBIT covers non-operating income, non-operating expenses, and other income, it stands out from operating income as the primary distinction. Since EBIT displays a company's net income less the cost of interest on debt and tax charges, it is frequently used as a substitute for net income.
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because of the poor publicity at a fellow franchise location, you notice that sales at your location have decreased. the impact of the poor publicity on your company is referred to as
A franchise (or franchising) is a technique of selling goods or services that involves a franchisor who creates the brand's trade name and business model and a franchisee who pays a royalty and frequently an upfront fee to have the right to use the franchisor's name and system.
When your lucrative franchise collapses outright?Getting managerial and marketing know-how from the franchisor is one of the benefits of a franchise. The coattail effect is what happens when your profitable franchise falls merely as a result of other franchisees failing.Being undercapitalized is one of the main reasons why a franchisee fails. A slow start-up or the franchise operation needing more working capital than what was declared in the franchise disclosure agreement can both contribute to a lack of adequate working capital.In the event that a franchisor goes bankrupt or fails in some other way, a franchisee often has no rights under a franchise agreement. In most cases, only the franchisor has the authority to end the franchise agreement if the franchisee experiences financial difficulties such as insolvency or bankruptcy.The ideal solution for a franchise that is struggling is frequently for the franchisee to sell the company to a third party who then takes over as the new franchisee for that region. Due to this, the failed franchisee may end its compliance with the terms of the franchise agreement and any lease.To Learn more About franchise refer to:
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in the normative decision model, if a leader is pressed for time in making a decision, but has several options for making the decision as determined by the decision tree, the leader should
The leader must make his own decisions when there is no time, he has all the information needed, the leader has the support of the group, or the followers cannot agree among themselves on an action. In other situations, leaders must rely on participation to varying degrees.
Leadership is an ability or strength within a person to lead and influence others in terms of work, where the goal is to achieve predetermined targets. While the notion of a leader is someone who is trusted as the chairman (head) in a system in an organization/company. That way, a leader must have the ability to guide and influence a person or group of people.
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if actual aggregate output is less than potential output, then the: please choose the correct answer from the following choices, and then select the submit answer button. answer choices long-run aggregate supply curve will shift to the left. long-run aggregate supply curve will shift to the right. short-run aggregate supply curve will shift to the left. short-run aggregate supply curve will shift to the right.
The short-run aggregate supply curve swings to the right as nominal wages decline.
When the economy is on the short-run aggregate supply curve and to the right of the long-run aggregate supply curve, actual aggregate output will eventually equal potential output as nominal wages decline and the short-run aggregate supply curve shifts to the right.
Every economy experiences short-term fluctuations in GDP as it enters or exits recession.
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the difference between what the total sales should have been, given the actual level of activity for the period, and the actual total sales is a(n) variance.
The difference between what total sales should have been given the actual level of activity for the period and the actual total sales is a revenue variance.
What do we know as revenue variance?Basically, a revenue variances is an accounting tool that is used to measure the difference between expected and actual sales. This information are often needed to determine the success of an organization's selling activities and the perceived attractiveness of its products. There are three types of revenue variances which can be used to develop insights into the reasons why actual sales differ from expectations, they include the Sales Volume Variance, Selling Price Variance and Sales Mix Variance.
Most time, the typical favorable revenue variance occurs when the actual revenues exceed budgeted revenues while the opposite is true for an unfavorable variance. Therefore, the revenue variance results from the differences between budgeted and actual selling prices, volumes or a combination of the two.
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which of the following is true of the landrum-griffin act? a. it requires unions to establish bylaws and make financial reports. b. it prohibits employees from engaging in protected concerted activities. c. it prohibits employers from asking employees to sign yellow dog contracts.
The true statement about the Landrum-griffin Act is that it requires the unions to establish bylaws and make financial reports.
What is the landrum-griffin act?The Landrum-Griffin Act is formally known as the Labor-Management Reporting and Disclosure Act of 1959. It is a federal legislative response to widespread publicity about massive corruption and autocratic methods in certain American labour unions during the 1950s.
The purpose of the Landrum-Griffin Act was to protect the employees' union membership rights from unfair practices by unions whereas the similar National Labor Relations Act protected employee rights from unfair practices by employers or unions.
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casey deesel is a sports agent negotiating a contract for titus johnston, an athlete in the national football league (nfl). an important aspect of any nfl contract is the amount of guaranteed money over the life of the contract. casey has gathered data on 506 nfl athletes who have recently signed new contracts. each observation (nfl athlete) includes values for percentage of his team's plays that the athlete is on the field (snappercent), the number of awards an athlete has received recognizing on-field performance (awards), the number of games the athlete has missed due to injury (gamesmissed), and millions of dollars of guaranteed money in the athlete's most recent contract (money, dependent variable). casey has trained a full regression tree on 304 observations and then used the validation set to prune the tree to obtain a best-pruned tree. the best-pruned tree (as applied to the 202 observations in the validation set) is:
Based on the available data for a player of Titus Johnston's profile, his guaranteed amount would be $32.74 million.
Calculations and ParametersGiven that Casey Deeselis a sports agent negotiating a contract for Titus Johnston, an athlete in the National Football League
He has generated data on 506 NFL athletes who have recently signed new contracts and who get paid a percentage of his team's plays that the athlete is on the field.
With this, each award they get, each minute they spend on the field, each game missed, and then guaranteed money are all accounted for which is displayed in the attached image below.
If we observe the best-pruned tree given below, based on the arrows and circles,
For Snap percent = 96
Awards = 7
Games missed = 3
The conclusion is that with the profile of Titus Johnston, he would receive a guaranteed amount of $32.74 million.
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