The nature atypical employment and implications for the industrial relations framework in South Africa: A Wits case study. Introduction In the advent of the new democratic dispensation‚ South Africa adopted the Growth‚ Employment and Redistribution (GEAR) policy; this policy is based on neoliberal principles such as privatization‚ trade liberalization‚ borderless trade‚ deregulation‚ minimal state intervention etc. It is through this policy that local workers and businesses find themselves in competition
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. South Africa Alicia Hudson SOC 315 Professor Norsworthy May 6‚ 2013 South Africa South Africa‚ a country on the southern tip of Africa‚ has an area of 471‚442sq mi and a population of 44‚188‚000. It is predominately a black ethnicity with 76% of the population. Although South Africa is Africa ’s most developed country‚ most of the black people - rural and urban - are poor‚ with low standards of living. South Africa has vital natural resources such as diamonds and gold and is rich in
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SOUTH AMERICA The planet’s 4th largest continent‚ includes (12) independent countries and (3) major territories; the Falkland Islands‚ Galapagos Islands and French Guiana. The continent contains the world’s highest waterfall‚ Angel Falls in Venezuela; the largest river (by volume)‚ the Amazon River; the longest mountain range‚ the Andes‚ and the driest place on earth‚ the Atacama Desert in Chile. In addition‚ it includes the largest rainforest‚ the Amazon Rainforest; the highest capital city‚ La
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to suppliers. Liability (D) Bonds payable. Liability (E) Amount earned from selling a product. Revenue (F) Cost of advertising. Expense Part 2 Ex 1-8 (A) An expression about whether financial statements conform with generally accepted accounting principles. – 8 Auditors opinion (B) A business that raised money by issuing shares of stock. – 1 Cooperation (C) The portion of stockholders’ equity that results from receiving cash from investors. – 6 Common Stock. (D) Obligations to suppliers
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To my fellow South Africans and citizens of this beautiful rainbow nation. This phrase is one you may have heard lately: “South Africa is no longer a safe and desirable destination for us to live in”. I ask why? What motivates our people of South Africa to say this? Is the crime‚ is it the economy‚ is it politics‚ is it our power shortages? If so I ask that you would please take a step back and realise that the grass is not always greener on the other side. Yes we do have our problems‚ but
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CASE 4-33 ACCOUNTING | 15% Commission | 20% Commission | Own Sales Force @ 7.5% | Sales | $ 16‚000‚000 | 100% | $ 16‚000‚000 | 100% | $ 16‚000‚000 | 100% | Variable Expenses: | | | | | | | Manufacturing | $ 7‚200‚000 | | $ 7‚200‚000 | | $ 7‚200‚000 | | Commissions | $ 2‚400‚000 | | $ 3‚200‚000 | | $ 1‚200‚000 | | Total Variable Expenses | $ 9‚600‚000 | 60% | $ 10‚400‚000 | 65% | $ 8‚400‚000 | 52.5% | Contribution
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Case study on MacCloud Winery Questions 1. Applying the principles of accrual accounting‚ how should Mike treat the expenditures for the land‚ vines‚ vine planting‚ fertilizing‚ water? Be specific regarding the treatment over time‚ including amounts‚ and the rationale for the treatments. Answer: Following the key accrual accounting concepts: Conversation‚ Realization and Matching‚ we think Mike should treat the expenditures as follows: |No. |Item Description |Treatment
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Merchandise inventory is generally valued at the price for which the goods can be sold. reported under the classification of Property‚ Plant‚ and Equipment on the balance sheet. reported as a current asset on the balance sheet. often reported as a miscellaneous expense on the income statement. Items waiting to be used in production are considered to be finished goods. merchandise inventory. raw materials. work in progress. In a manufacturing business‚ inventory that is ready for sale is called store
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Nature of Accounting and the Accounting Standard Background Accounting is an important part for business and it is dubbed “language” of business activities conducted by firms. People think it is used to communicate business transactions per se to all stakeholders. However‚ some people argue that the functions of accounting are not that easy. Except the communication tool‚ accounting acts as many other difference roles in business. When doing accounting‚ different standard may be used. There are
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SHANGRI-LA You are partner in charge of the audit of Shangri‑La‚ Inc. The company is a real estate developer‚ specializing in luxury vacation areas. The company’s operations have been profitable‚ although not spectacular. Most of the development property is pledged as collateral for bank loans; there is a reasonable stockholders’ equity of about $10‚000‚000. Shangri‑La has a substantial
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