Economics 248 Assignment 2 (version A) This assignment has a maximum total of 100 marks and is worth 10 percent of your total grade for this course. You should complete it after completing your course work for Units 4, 5, and 6. Answer each question clearly and concisely. 1. GM announced that it will close its Oshawa truck plant in 2009 and a Windsor transmission plant in 2010.
Question 1 In summary: Product Line 1 (time in minutes) Line 2 (time in minutes) Profit ( $ ) X1 SUPER 3 4 42 X2 EXCELLENT 6 2 87 Let X1 = Number of SUPER model produced during 8 hour shift. X2 = Number of EXCELLENT model produced during 8 hour shift. Max 42X1 + 87X2 ST X1 + X2 ≤ 480 3X1 + 6X2 ≤ 480 4X1 + 2X2 ≤ 480 X1, X2 ≥ 0 It is recommended to produce 80 units of EXCELLENT and none SUPER in order to get the maximum profit (See attached print-out, table № 1). If the company wants to produce SUPER, the maximum profit will reduce by $1.5 per each unit, with $6960 - $1.5 = $6958.5 (See attached print-out, table № 2). As the company has extra 320 minutes
Employees must be vested to receive requirements and this plan will not integrate with any government benefits. Employees can start contributing to pension immediately upon hire in a permanent full time or part time position. For normal retirement and to receive full pensionable payment employees must be age 65 with a minimum of 15 years of service with the company. For early retirement, employees must have 10 years of service, and may retire at any age but benefits will be lowered by 20%. Maximum pensionable earnings shall be deemed equal to 70% of last full calendar year of service for the company.
Polluter’s fiscal year ends on December 31. The U.S. government promotes emission control and persuades companies to behave more environmentally friendly by issuing EA’s. EA’s are tradable – generally through a broker. At the end of a pre-determined compliance period, the polluter entities either deliver EA’s equivalent to their actual emissions or pay a fine. As of 2010, Polluter Corp. has been emitting too much greenhouse gases because of their outdated facilities; however, they plan to re-furbish their facilities in 2014.
The assignment is not to exceed 2000 words, however, a ten percent leeway either side of the word limit is permitted. Assignment Weighting: The assignment accounts for 30 percent of your assessment in this subject. Due Date: No later than 5.00 pm on Thursday, October 17th . Assignments will, however, be accepted before this date. If you genuinely need an extension of time, see your lecturer before the due date.
Arizona state law also mandates that minimum wage for anyone under the age of 20 to $4.25 per hour for the first 90 consecutive days of employment with a new employer. Once the trial period is over a raise, which compensation goals will be set at time of hire, and benefits may be offered. This will help to cut back on business cost. When setting the hourly pay the owner must also be aware that if the waiters/waitresses do not meet the minimum wage requirement between their employer base pay and tips the
The employees that have been with the ABC Company for more than 10 years will receive a severance package and the employees that have 10 years or less will receive unemployment according to state laws. In some states, an employer that offers a certain type of layoff is mandated to pay a small amount of severance or continue employee health benefits for a short period of time. Severance pay is money that an employer might want to provide for an employee who is leaving their company (Heathfield, 2014). Unemployment benefits are Federal-State Unemployment Insurance is provides unemployment benefits to eligible workers who are unemployed through no fault of their own, and meet other eligibility requirements of State law. Ordinarily, the benefit for eligible workers is 50% of their average weekly income, up to a fixed maximum set by the
Even though the bill has its pros. For example according to the article from CBS news.com this bill “would expand coverage to 32 million Americans who are currently uninsured” and “would reduce the deficit by $143 billion over the first ten years” but it will also cost $940 billion over ten years. Also according to the article “Six months after the enactment, insurance companies could no longer deny children coverage based on a preexisting condition and insurance agencies must allow children to stay on their parent’s insurance plans until age 26” Now the cons, the reason I believe this bill is unjust is the individual and employer mandate. According the article “in 2014, everyone must purchase health insurance or face a $695 annual fine. There are some exceptions for low-income people.” and “employers with more than 50 employees must provide health insurance or pay a fine of $2,000 per worker each year if any worker receives federal subsidies to purchase health insurance.
In addition, allowing them to paid a onetime fee of $2,000 for the right to work or a 20 percent income tax whatever is higher. Likewise, applying enforcement and penalties that would limit access to education, health care, and other social services except in cases of emergency; a waiting period of 10 years to obtain permanent residency instead of one year, and paying all fees attributed to their visas stayed and administrative costs should be seen as an unaccommodating and deterrent strategies for who are currently hear and those who want to come. Likewise, reducing the number of unskilled temporarily foreign workers who normally worked
“Small businesses with under the equivalent of 50 full-time equivalent employees and who make less than $250,000 will reap the benefits of ObamaCare getting better access to more affordable quality insurance. Those with over 50 full-time equivalent employees or those who make over $250,000 may face the "employer mandate" come 2015 and a Medicare Part A increase. Small businesses under 25 full-time employees who choose to insure employees can receive tax breaks of up to 35% for 2013 and 50% for 2014 through the SHOP. (note: the online portion of the SHOP won't open until November 2014, but small businesses can still use an agent to help them claim tax credits)” (ObamaCare Small Business