Business, 10.02.2021 18:40 capybaracaptin2895

Omar Industries LLC is a mechanical engineering establishment situated in Rusail, Muscat. It has 1500 workmen employed in first shift between 8 am – 4 pm. This is a major shift and known as general shift. The workmen of Omar Industries report for work from distance places which are miles away from the place of work. The workers travel by buses and some travel by cars. A small number staying in surrounding areas of the factory, report for duty on foot.
On 5 June 2007, there was a very heavy rain due to cyclone Gonu. Vast areas were submerged under water. As a result of the heavy rains, buses and cars could not run on the roads. A few timekeepers who somehow managed to attend the work. It was found that out of the total workforce, 400 attended in time, 260 attended two hours late, 480 attended four hours late and the remaining 360 did not attend.
As was obvious, neither the management nor the workmen was responsible for the aforesaid happening and the trade union, operating in the establishment requested the management to deal sympathetically with the employees. They requested that since it was beyond the control of workmen, even those who could not attend should not be marked absent.
As will be seen from the case, 400 employees worked for the whole day, 260 worked for six hours, 480 worked for four hours only and 360 did not report for duty at all. The issue was how to adjust the wages for the day.
The General Manager called a meeting of the managers to discuss the issue. It was found that a good number of managers who stayed in long distance suburbs or were staying in remote areas also could not attend to work. Some of the managers who participated in the meeting, opined that ‘no-work-no-pay’ should be the only principle and at best the only thing that the management should do is not to take any disciplinary action as such. Others expressed different views and there was no consensus in the meeting. The General Manager adjourned the meeting without coming to any decision.

Relation between the management and the three unions operating in the company were generally satisfactory. Only one of the three unions that had mainly white-collar staff as members had a legalistic approach in all matters and was not easily satisfied.
1.How can this issue be sorted out?

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 19:30

Why does the united states government provide tax breaks related to the amount of money companies spend on research and development? a. to provide incentives for companies to conduct research and development to allow antitrust authorities b. to challenge joint research efforts c. to protect the right of inventors d. to produce and sell their inventions e. to involve less government scrutiny than a government funded project

Answers: 1

Answer

Business, 22.06.2019 01:30

Suppose the following items were taken from the balance sheet of nike, inc. (all dollars are in millions.) 1. cash $ 2,316.7 7. inventory $ 2,245.6 2. accounts receivable 2,786.2 8. income taxes payable 80.3 3. common stock 2,841.1 9. equipment 1,783.8 4. notes payable 291.2 10. retained earnings 6,162.5 5. buildings 3,959.7 11. accounts payable 2,624.6 6. mortgage payable 1,092.3 perform each of the following. classify each of these items as an asset, liability, or stockholdersâ€™ equity, and determine the total dollar amount for each classification. (enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) cash accounts receivable common stock notes payable buildings mortgage payable inventory income taxes payable equipment retained earnings accounts payable assets $ 13092 liability $ 4088.4 stockholdersâ€™ equity $ 9003.6 etextbook and media determine nikeâ€™s accounting equation by calculating the value of total assets, total liabilities, and total stockholdersâ€™ equity. (enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) total assets = total liabilities + total stockholdersâ€™ equity

Answers: 3

Answer

Business, 22.06.2019 10:00

Marco works in the marketing department of a luxury fashion brand. he is making a presentation on the success of a recent marketing campaign that included a fashion show. which slide elements can he use to include photographs and footage of the fashion show in his presentation? marco can use the: table images audio option to include photographs and the: flowcharts images video option to include footage of the fashion show.

Answers: 1

Answer

Business, 22.06.2019 14:20

Cardinal company is considering a project that would require a $2,725,000 investment in equipment with a useful life of five years. at the end of five years, the project would terminate and the equipment would be sold for its salvage value of $400,000. the company’s discount rate is 14%. the project would provide net operating income each year as follows: sales $2,867,000 variable expenses 1,125,000 contribution margin 1,742,000 fixed expenses: advertising, salaries, and other fixed out-of-pocket costs $706,000 depreciation 465,000 total fixed expenses 1,171,000 net operating income $571,000 1. which item(s) in the income statement shown above will not affect cash flows? (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.) (a)sales (b)variable expenses (c) advertising, salaries, and other fixed out-of-pocket costs expenses (d) depreciation expense 2. what are the project’s annual net cash inflows? 3.what is the present value of the project’s annual net cash inflows? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 4.what is the present value of the equipment’s salvage value at the end of five years? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.) 5.what is the project’s net present value? (use the appropriate table to determine the discount factor(s) and final answer to the nearest dollar amount.)

Answers: 2

Answer

You know the right answer?

Omar Industries LLC is a mechanical engineering establishment situated in Rusail, Muscat. It has 150...

Questions