What are the reasons for safety and health laws? How have workers' compensation laws and OSHA affected worker safety?
What will be an ideal response?
Answer: An organizational culture that places a greater value on speed or saving money than on safety can result in workplace accidents—some that involve the loss of human life. To disregard safety and health issues can cause more than fines for an organization. It can sever the trust between workers and management, irretrievably damage employee commitment and performance, and ruin an organization's reputation.
Workers' compensation laws are designed by individual states. The laws mandate no safety regulations but do provide for the compensation of accident victims. OSHA is a federal program that creates federal laws to protect workers by ensuring that work environments are free from hazards. OSHA mandates and enforces safety standards and does not provide for the compensation of accident victims. OSHA permits states to create their own occupational safety standards and will fund 50% of that program's operating costs. OSHA will typically pass primary enforcement of the laws to the state.
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If the IRS were to increase the amount companies may deduct for depreciation, this will increase companies' accounting profits.
a. true b. false
Saffron Foods sells jars of special spices used in Spanish cooking
The variable cost is $1 per unit. Fixed costs are $9,000,000 per year. It has $42,000,000 of average assets, and the desired profit is a 4% return on assets. Saffron Foods sells 5,000,000 units per year. The company uses cost-plus pricing because it is the only company that produces this kind of product. Using cost-plus pricing methodology, determine the sales price per unit. (Round your answer to the nearest cent.) A) $1.25 B) $3.14 C) $2.80 D) $1.00