You promshyise to adjust their pay as requested once the

Assignment Help Finance Basics
Reference no: EM13574797

You are the manager of a large flower shop. Your employer, James, pays you a salary of $100,000 per year to manage the business, which includes some 15 employees, including 2 cleaners and 6 flower arrangers.

Two flower arrangers, Dan and Sam, have been pestering you for weeks about getting an increase in their hourly rate. You have repeatedly explained to Dan and Sam that you cannot agree to a pay rise without first speaking to James, and that as he is overseas, that will not happen until the end of the month. Dan and Sam are becoming increasingly frustrated with your refusal to consider their request. One Wednesday morning (the busiest day), Dan and Sam confront you and tell you that unless you agree to increase their hourly rate by $5 per hour, they are going to walk out with the 4 other flower arrangers, leaving you to fulfil the orders on your own. You have no choice but to agree to their request, as there are four wedding orders that must be done today. You prom­ise to adjust their pay as requested. Once the day is finished, you sit down and consider the ramifications.

Are you legally obliged to keep your promise? What are the legal remedies?

If you did not agree to their terms, and they walked out, what would you have been able to do if the orders weren't fulfilled and the business lost $10,000.00?

Reference no: EM13574797

Questions Cloud

Joint products a and b are produced in a single operation : joint products a and b are produced in a single operation from material m. three hundred gallons of material m costing
The owner of the house of greens greenhouse wants to : the owner of the house of greens greenhouse wants to estimate the mean height that her seedlings grow. a sample of 14
At the beginning of the year a firm leased equipment on a : at the beginning of the year a firm leased equipment on a capital lease capitalizing 60000 in its lease receivable
Assume the partners do wish to record goodwill and no : lion and tiger had operated as a partnership for a number of years. at june 30 20xx their balance sheet appeared as
You promshyise to adjust their pay as requested once the : you are the manager of a large flower shop. your employer james pays you a salary of 100000 per year to manage the
In 2011 a company changed from the lifo method of : in 2011 a company changed from the lifo method of accounting for inventory to fifo. the companys 2010 and 2011
Coolit company installed a new air conditioning system in : coolit company installed a new air conditioning system in their main office on january 1 2008. the system cost 300000
Prepare a comparative balance sheet for 2008 and 2007 : balance sheet data for the dover hot tub company on december 31 the end of the fiscal year are shown at the top of the
Rey and carmen martinez are not your tax clients but they : rey and carmen martinez are not your tax clients but they come to you with a question. they migrated to the united

Reviews

Write a Review

Finance Basics Questions & Answers

  What was the firm operating cash flow during 2010

What was the firm's Cash flow from assets during 2010? d) What was the firm's Operating cash flow during 2010?

  Calculate the project coefficient of variation

Calculate the project's standard deviation. Round your answer to the nearest dollar. $ Calculate the project's coefficient of variation. Round your answer to two decimal places.

  Explain the trade-offs involved in determining the number

explain the trade-offs involved in determining the number of collection centers that a firm should

  What will be the value of the investment in two years

You identify a bank CD that pays an interest rate of 0.0500 with the interest being paid quarterly. What will be the value of the investment in two years?

  Calculate the npv of going directly to market now

Required: (a) Calculate the NPV of going directly to market now. (Do not include the dollar sign ($). Enter your answer in dollars, not millions of dollars. (e.g., 1,234,567)) NPV $ (b) Calculate the NPV of test marketing first.

  Use the internet to research the apple corporation its

use the internet to research the apple corporation its current position and reputation regarding ethical and social

  What is the value of the interest rate swap to the party

What is the value of the interest rate swap to the party that receives the fixed-rate payment and pays the floating-rate payment? What is the value of the same interest rate swap to the party that receives floating and pays fixed?

  Explain how economic transactions between household savers

Explain how economic transactions between household savers of funds and corporate users of funds would occur in a world without financial institutions.

  What is the single best capital budgeting decision criterion

Capital budgeting is an evaluation of project based on three main criteria, Net Present Value (NPV); Internal Rate of Return (IRR); Payback Period. What is the single best capital budgeting decision criterion?

  What is the expected return on the portfolio

You own a portfolio that is 40 percent invested in Stock X, 25 percent in Stock Y, and 35 percent in Stock Z. The expected returns on these three stocks are 11 percent, 20 percent, and 16 percent, respectively. What is the expected return on the p..

  Comparison of two banks

Select two banks and comparison shop for the best deal on a new personal checking account.

  Calculate the operating breakeven point

X Corporations produces inflatable beach balls, selling 400,000 balls a year. Each ball produced has a variable operating expenses $0.84 and sells for $1.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd