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.
Acre Woods Retirement Community Case Study HSM/230 What are some potential legal and ethical issues present in this case study? There many legal issues present such as the fact that if someone falls down and injuries themselves and there is definitely nothing in terms of safety rails of nonslip treads, we have a lawsuit waiting to happen. Ethically Mark did not care at all about the clients that reside in the retirement community. How would you characterize the director’s behavior? Clearly Mark was a director that showed no concern at all for the clients and I believe that he mishandled the funds.
What are the remedies for contract breach available under UCC Article 2? What are the types of warranties available under UCC Article 2? How do you differentiate between implied and express warranties under UCC Article 2? Provide examples. The remedies for contract breach available under UCC Article 2 gives contract relief throughout remedies as soon as circumstances happen for parties who have performed in good faith, on the other hand continued damages during bi responsibility of it’s own.
Date: February 24, 2014 From: Class 2014 To: Shakespeare Inc. Re: Medical Benefits Payable, Line of Credit Modification, and Acquisition of New Publishing Company 1. Management recognizes its IBNR liability in accordance to the guidance of ASC 405-30-25-1. Although management has the history of accurately estimating the IBNR liability, there is a $0.5 million difference between the estimated liability amount and the actual claims amount received. Management should reduce its IBNR liability to $0.75 million. This will result an increase of net income by $0.5 million.
The information that needs to be shown on my pay slip is the tax week, my national insurance number to ensure I am getting the right amount of money taxed. The amount I have been taxed and the amount that I was paid before and after tax. Also in my job I am paid mileage after 5 miles so my pay slip will show my expenses also. Biii) Identify two changes to personal information which you must report to your employer. A change of bank account.
Confirm that the selected corrective actions will resolve the problem for the customer and will not cause undesirable side effects. Define other actions, if necessary, based on potential severity of problem. Implement Permanent Corrective Actions. Define and implement the permanent corrective actions needed. Choose on-going controls to insure the root cause is eliminated.
The most common example of vicarious liability is the liability of an employer for the torts of his employees committed in the course of employment. It is not necessary in such circumstances for the employer to have breached any duty that was owed to the injured party, and therefore it operates as strict or no-fault liability. It is possible that the injured party could be either an employee or a stranger, and the employer can be held vicariously liable in both situations. The most important element to establishing a case for vicarious liability is that the wrongdoer be acting as a servant or employee, and that the wrong done be connected to the employee’s course of employment. Vicarious liability can only be imposed if it is proved that the employee was acting “in the course of employment.” This criteria is essential, and requires a clear connection between the employment duties and the employee’s acts complained of.
RTS had the right to extend Anacomp’s five-year marketing agreement an additional five years or to cancel it if Anacomp did not their best efforts to market CIS. The agreement between Anacomp and RTS is that RTS pays six million upfront. RTS had to pay another 1.5 million because the costs where exceeded. RTS borrowed the 1.5 million from Anacomp so that they could pay the extra fee. Besides this deal the thirteen participated banks pays a fee of 150.000 dollar to advise Anacomp in the development in the project.
2. Based on the following, calculate the costs of buying and of leasing a motor vehicle. Purchase Costs Leasing Costs Down payment $1,500 Security deposit $500 Loan payment $450 for 48 months Lease payment $450 for 36 months Estimated value at End of loan $4,000 End of lease charges $600 Opportunity cost interest rate: 4 percent 3. You can purchase a service contract for all of your major appliances for $180 a year. If the appliances are expected to last for 10 years, and you earn 5 percent on your savings, what would be the future value of the amount you would pay for the service contract?
He has in his employment 5 barbers who work 50, 40-hour weeks, for $9.90 per hour, regardless of the amount of business that has come in. The salon only offers haircuts which has a fixed price at $12, each customer receives a $0.40 shampoo in that fixed price as well. With this simple set up in his business, he wants to know some facts about his salon. Income | Price Per Haircut | $12.00 | Costs | Shampoo | $0.40 | Barber's Wage | $9.90 | Totals | Income | $12.00 | Costs | $10.30 | Contribution Margin | $1.70 | Andre wants to know what his contribution margin per haircut is. The first thing to do is assume that the barber’s compensation is a fixed cost per haircut.