This problem demonstrates the concept of redundancy, the principle of improving reliability of systems by using redundant or backup components. Suppose a hydraulic system on an airplane has a 5% probability of failing. Now, suppose that the airplane has three independent hydraulic systems that each have a 5% probability of failure Supposing that the airplane will safely complete its flight if at least one of the three independent hydraulic systems is functioning, what is the probability that the airplane will safely complete its flight? can you please explain in your answer
In: Statistics and Probability
DIPLOMA Assignment
January-June LR 112 - Labour Relations
© BOU 2020 Page 2 of 3
SECTION A [25 MARKS]
Answer ALL questions in this section
Read the following and answer the questions that follow
REDUNDANCY
Redundancy is when an employee is no longer required to work,
through no fault of their own.
Redundancies occur when employees are dismissed because their job
no longer exists. Usually
this happens when the employer no longer requires that job to be
done by anyone and hence that
job becomes redundant. Redundancy is caused by a mix of factors
such as decline in level of
economic activity in the organization, technological changes, cost
reduction initiatives,
downsizing, merging with another company, economic recession, and
business relocation among
other many factors. The right to be collectively consulted applies
when an employer proposes to
make 20 or more employees redundant at one establishment over a
period of 90 days or less.
Employers should also consult individual employees. Case law has
shown that dismissals have
been found to be unfair where a union has been consulted but not
the individual. In the UK,
employees who are selected for redundancy must be given a notice
period before their
employment ends. The statutory notice periods are:
At least one week's notice if the employee has been employed
between one month and
two years
One weeks notice for each year of employment between two years
and 12 years
12 weeks notice for someone who has been employed for 12 or more
years.
Fortunately, employers have a free hand in setting the selection
criteria they want to use. As long
as the criteria are measurable and applied fairly, then a tribunal
is unlikely to interfere. TEBOGO
INTERNATIONAL Botswana, a mining giant, for some of these reasons,
is deciding to lay
redundant some of its employees. The company however is not aware
of important factors for its
redundancy selection process.
Required:
Advise, with practical justifications, the most important factors
that Tebogo International Pty Ltd
has to consider to ensure its redundancy selection criteria are
objective and fair.
In: Economics
Wastewater Ltd acquired an item of plant on 1 July 2016 for $3 660 000. When the item of plant was acquired, it was initially assessed as having a life of 10000 hours. During the reporting period ending 30 June 2017 the plant was operated for 3000 hours. At 1 July 2017 the plant had a remaining useful life of 7000 hours. On 1 July 2017 the plant underwent a major upgrade costing $234 600. Management believes that this upgrade will add a further 2000 hours of operating time to the plant's life. During the reporting period ended 30 June 2018 the plant was operated for 4000 hours. On 1 July 2018 the plant underwent a further major upgrade, the cost of which amounted to $344 900, and this added a further 3100 hours' operating time to its life. During the reporting period ending 30 June 2019 the plant was operated for 3800 hours. Required: Prepare all the journal entries that Wastewater Ltd would prepare for the years ending 30 June 2017, 30 June 2018 and 30 June 2019 to account for the acquisition, subsequent expenditure and depreciation on the asset.
In: Accounting
Early in 2018, three large American-based global corporations (JPMorgan, Amazon, and Berkshire Hathaway) announced that they would work together on launching an independent healthcare company for their employees.
What could this mean for employer sponsored health care coverage as we currently know it?
What could this mean for the employees covered on this new "not necessarily non-profit" model?
Please describe in detail.
In: Nursing
Casey turned age 65 May 29, 2018. During the year, she received distributions from her HSA account totaling $728.96. She paid 369.09 for electrolytes om March 3. She paid $44.87 to her ENT doctor on June 4 and $315. to her chiropractorin July and August. The penalty on Casey's non-qualified distributions is what?
In: Accounting
During the 2018/19 financial year, ABC Pty Ltd – a non-resident private company (not a SBE) received interest income of $6,000 and a franked dividend of $10,000 (with $3,150 of franking credits attached). ABC Pty Ltd had allowable deductions of $7,800. Required: What will ABC Pty Ltd’s net tax payable or refundable be? All calculations must be shown.
In: Accounting
|
Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December 2018 |
||
|
RM |
RM |
|
|
Sales (-) Cost of sales: Opening inventory (+) Purchases (-) Closing inventory Gross Profit (+) Revenues: Discount received Commission received (-) Expenses: Salaries and wages Repair and maintenance Net Profit |
25,000 200,000 (15,000) 10,000 8,300 41,300 100,000 |
450,000 (210,000) 240,000 18,300 (141,300) 117,000 |
|
Statement of Financial Position as at 31 December 2018 |
||
|
RM |
RM |
|
|
Non-current Assets Building Motor vehicles Current Assets Inventory Account receivables Bank Cash Financed by: Owner’s equity Capital (+) Net profit (-) Drawing Non-current Liabilities Long-term loan Current Liabilities Account payable |
200,000 70,600 15,000 46,500 30,150 10,500 130,000 117,000 (10,650) |
270,600 102,150 372,750 236,350 95,000 _41,000 372,750 |
Required:
In: Accounting
If I had a decrease in Inventory of 2000, and I had to show what the effect is on cash flow? Cash Flow would be a +2000, but why is that? If there is a increase in inventory by 2000, It would be -2000, because you had to purchase that inventory to have the increase in inventory, so that's why it's -2000. If that's the reason. However why would a decrease in inventory of 2000, be 2000 in cash flow statement?
In: Finance
Question 1: Car Dealership Scenario. Complete parts A – D based on the database specifications listed below.
Database Specification
Parts A - D
Queries: Write and run SQL queries for the following questions. Use the minimum number of tables required for each query.
In: Computer Science
In: Nursing