All sales are made on account at $20 per unit. Sixty percent of the sales are collected in the month of sale; the remaining 40% are collected in the following month. Forecasted sales for the first five months of 20X2 are: January, 1,500 units,- February, 1,600 units; March, 1,800 units; April, 2,000 units; May, 2,100 units. 2. Management wants to maintain the finished goods inventory at 30% of the following month's sales.
LIT1 Task 1 Dennis Marceaux 07/10/2015 Situation A Family Medical Leave Act (FMLA) of 1993: The purpose of the FMLA is to allow employees up to 12 wks. per yr. of unpaid leave for the purpose of managing personal/family issues without negative company recourse. The employee requirements are that he/she must be a full time employee (>24hrs/wk. ), with at least 1 year of service and more than 1250 worked hours from the prior year. Companies with at least 50 employees in a 75 mile radius are required to adhere to the law.
I will be paying my employees every two weeks, one the first and fifteenth of each month. Here is an example of paycheck for a straight time pay employee at $12 an hour that has worked 96 hours and has enrolled in the HMO Healthcare plan. The straight time pay would be $960 and the over-time pay would be $288, making the total gross pay
201: Understand employment responsibilities and rights in health, social care or children and young people's settings 1.1 List the aspects of employment covered by law The Law protects both the rights and responsibilities of both employees and employers. Three examples of employee rights currently protected by law are; Sick Pay, Holiday Entitlement and Maternity Pay and Leave. 1.2 List the main features of current employment By law, after an employee has been sick for four days they are entitled to Statutory Sick Pay (SSP), which is a minimum of £87.55 a week for up to 28 weeks. Some companies may pay more depending on their policy, but never less. However employers do not have to give sick pay if the employee has been ill for less than 4 days, or is paid less than £111 a week.
| | 6 | Purchased dry cleaning equipment for $36,000. Paid $14,000 in cash, the remainder to be paid in two weeks. | | 10 | Hired a worker, to be paid $550 per week. | | 17 | Paid the worker's weekly wage. | | 17 | Recorded cash received for services rendered during the week, $5,000.
According to the Fair Labor Standards Act of 1938, an employee who works more than the maximum of forty hours per weeks must be paid no less than 1.5 times his/her regular pay rate for all hours over forty (Hollowell & Miller, 2012). The FLSA takes concern in child labor laws, minimum wages, and overtime provisions. Overtime is usually referred to as “time and a half”, which means you are paid one and a half times the hourly rate for each hour worked over the forty hour limit. In this case, I only achieved more than forty hours for the first two weeks. Since I am a non-exempt employee, I have to be paid minimum wage: $7.25 as of July 24, 2009 (Hollowell & Miller, 2012).
Installation of 1.2 million update network server increasing system’s capacity 300% 2. Twenty-four hours a day seven days per week support for trouble calls 3. Two full time onsite contractor personnel who report directly to the Commander and Executive Officer and will handle trouble calls with the system’s performance 4. A requirement for no more than one hour of down time 5. Daily debriefing of Commanding Officer and Executive Officer on the status of ongoing operational and maintenance problems with the system 6.
The FMLA to be included, Firstly, an employee must work for a company that has at least 50 employees working with in a 75-mile radius. Employees of smaller companies are simply not entitled to any time off - unless a state statute so provides. Second, the employee must have worked for the employer for 12 months, and have worked at least 1250 hours in the past 12 months. In other words, many part-time employees and those newly hired are not protected by this statute. A "key employee" (salaried, exempt, and among the top 10% highest paid employees within 75 miles), receives no FMLA protection at all.
(Finnegan, 1986) In the information giving we as company required all employees to work four twelve hours shifts then have 4 days off. Thusly not discriminating against one
Everyone has to work for minimum 40 hours per week and there is a timing system in each person’s computer and we need to log on this system every morning while start the computer to begin counting out working hours. All the staff come to work between 8:00 and 8:30 a.m., have lunch break between 12:30 and 2:00 p.m. and leave for work after 5:00 p.m. But on Friday the employees are able to leave after 3:30 p.m. Sales employees have a very flexible time to work and they only need to come to office twice a