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- Simon intends to start his own business selling specialist wines. Some of his sales will be for cash from a shop that he intends to rent. He also plans to sell some wine on credit to local restaurants and hotels. The details of his business plan are as follows: 1. He will rent a shop for £14,000 per annum payable quarterly in advance. The landlord also requires a deposit of £5,000 to be paid when the rental starts in June. 2. He will invest £13,000 from his own savings and his father will loan him £7,000. His father will charge interest at a rate of 2.5% per annum payable annually after an interest free period of 6 months. 3. Simon will purchase and pay for £13,000 of wine in June. Thereafter, to maintain the same level of inventory, he will purchase wine to replace what is sold. 4. Suppliers will allow one month's credit and credit customers will expect one month's credit. 5. Sales levels are predicted to be: Total sales Cash sales Credit sales £ June 6,000 3,000 3,000 July 6,500…Part I. To recap, W.T.'s planning on the following: Newspaper ad Social media manager Payment collection Gas $120 per month $100 per month; $1 per job scheduled $0.75 per job $4.00 per job Considering his analysis of similar services and to keep things simple, w.T. plans to price all jobs the same and charge $15 per job. Because of this flat rate, he anticipates he'll likely need to create different types of "jobs". For example, purchasirg a list of items at the grocery store would be one job, while a bundle of 2-3 small errands such as picking up dry cleaning and prescriptions, might be considered one job. We'll deal with those details later. For now, assume that all jobs are priced at $15 each and all have the associated variable expenses listed above. Because this will be a new business, W.T. knows business will likely be slow at the beginning. Complete the following table assuming W.T. completes 10 jobs in a single month. Item Per Job Total Computations (10 jobs) Sales $ Less:…Design a salary slip for the month of March 2021 with information given below. Fixed vs variable ratio- 70:30 Ctc - 20L Basic- 50% Hra- 20% Travel allowance- 2000 Insurance - 2500 Incentive with 75% target completion Pf 12% Earned leaves - 7 Prepare the assignment in Ms excel/ Ms Word.
- When setting out the minimum employment conditions for individual contracts and enterprise agreements, the conditions can't be less than the base pay rate in the relevant award and the National Employment Standards still apply. In the table below, indicate if the proposed employment conditions for Lee, Ray and Sue, new employees of Gold Service Dry Cleaning meet these two requirements. Staff employed in the dry cleaning factory are employed under the Dry Cleaning and Laundry Industry Award 2020, office staff are covered by the Clerks Award. If the condition does not meet either of the requirements, indicate what the minimum requirement should be. You will need to access the National Employment Standards and the relevant award for the organisation to assist in answering this question. i. Lee is 25 years old and is employed in the office as a full time Office Administrative Assistant, Level 1. Does it meet the award or National Employment Standard's minimum requirements? Employment…Job "B" offers you $30,000 salary per year. You have 10 PAID days off per year for vacation and sick time. The expectation is that you will work from 9:00 a.m. to 5:00 p.m. five days per week. 2) a) If you work a 40-hour week for 50 weeks of the year, what hourly amount are you making? If this salaried job is also providing free health care benefits, how would this affect your decision as to whether to take this position? b)Delay Your employer has offered to contribute $50 a week to your retirement savings account. Assume you work for this employer for another 15 years and earn an average return of 8.5 percent, compounded weekly, on your savings. What is this offer worth to you today? O A) $39,000 OB) $42,315 Oc) $22,032 OD) $81,309 10 56°F Cloudy ^ 2/1 P Type here to search