severance pay

Examples of severance pay in the following topics:

• Efficiency Wage Theory

  • However, firms may choose to pay wages higher than the market-clearing equilibrium in order to incentivize increased worker productivity or to reduce turnover.
  • There are several theories of why managers might pay efficiency wages:
  • The manager thus may pay an efficiency wage in order to increase the cost of job loss, which gives a sting to the threat of firing.
  • Minimizing turnover: As mentioned above, by paying above-market wages, the worker's motivation to leave the job and look for a job elsewhere will be reduced.

• Purchase Process

  • Like with stocks, accounts can be set up with an online discount broker to buy bonds while paying lower transaction fees.
  • It is a good idea to look at several different brokers and their commission rates and services before choosing one.
  • Additionally, bonds can be purchased directly from the U.S. federal government without the use of a broker and without paying broker commission fees.
  • Bond funds typically pay higher dividends than certificates of deposits (CDs) and money market accounts.
  • Most bond funds pay out dividends more frequently than individual bonds.

• Compensation Differentials

  • Additionally, the differential pay for more education tends to compensate workers for the time, effort, and foregone wages from obtaining the necessary training.
  • Some of this is due to historical trends affecting these groups that result in less human capital or a concentration in certain lower-paying occupations.
  • Several studies have shown that, in the United States, several minority groups (including black men and women, Hispanic men and women, and white women) suffer from decreased wage earning for the same job with the same performance levels and responsibilities as white males.
  • Hazard pay is a type of compensating differential.
  • Occupations that are dangerous, such as police work, will typically have higher pay to compensate for the risk associated with that job.

• Defining Price

  • Buying something means paying a price.
  • Price is also what a consumer must pay in order to receive a product or service.
  • Whereas the price of a product is what you, the consumer must pay to obtain it, the cost is what the business pays to make it.
  • Consequently, the customer uses several criteria to determine how much they are willing to expend, or the price they are willing to pay, in order to satisfy these needs.
  • Ideally, the customer would like to pay as little as possible.

• For-profit marketing versus nonprofit marketing

  • For-profit marketers measure success in terms of profitability and their ability to pay dividends or pay back loans.
  • There are several other factors that require adjustments to be made in the marketing strategies for nonprofits.

• Defining Consumers

  • A consumer is a person (or group) who pays to consume the goods and/or services produced by a seller (i.e., company, organization).
  • In the fields of economics, marketing and advertising, a consumer is generally defined as the one who pays to consume the goods and services produced by a seller (i.e., company, organization).
  • International and Global Markets (several markets distinguished by different needs and different cultures)
  • Marketers are paying close attention to consumer behavior or how potential buyers act when purchasing goods or services for personal consumption.

• Taxes and the Three Estates

  • Peasants and nobles alike were required to pay one-tenth of their income or produce to the church (the tithe).
  • There were three kinds of provinces: the "pays d'élection," the "pays d'état," and the "pays d'imposition."
  • In the "pays d'état" (provinces with provincial estates), the assessment of the tax was established by local councils and the tax was generally "real," which meant that it was attached to non-noble lands (nobles possessing such lands were required to pay taxes on them).
  • Further royal and seigneurial obligations might be paid in several ways: in labor, in kind, or, rarely, in coin.
  • However, the clergy, the regions with "pays d'état," and the parlements protested.

• Credit Cards

  • Credit cards allow users to pay for goods and services based on the promise to pay for them later and the immediate provision of cash by the card provider.
  • It allows the cardholder to pay for goods and services based on the promise to pay for them later and the immediate provision of cash by the card provider.
  • Merchants are charged several fees for accepting credit cards.
  • The merchant may also pay a variable charge, called an interchange rate, for each transaction.
  • In many cases, there is a delay of several days before funds are deposited into a merchant's bank account.

• Maximizing Shareholder and Market Value

  • A goal of financial management can be to maximize shareholder wealth by paying dividends and/or causing the market value to increase.
  • There are several goals of financial management, one of which is maximizing shareholder and market value .
  • Thus, one interpretation of proper financial management is that the agents are oriented toward the benefit of the principals - shareholders - in increasing their wealth by paying dividends and/or causing the stock price or market value to increase.

• Adjustments

  • Pay wages from JulyCash -300, Wage Payable -300; Assets(-), Liabilities(-)d.
  • Pay utilities from JulyCash -200, Utility Payable -200; Assets(-), Liabilities(-) The journal entries to record these transactions would be as follows:Julya.
  • Pay wage from JulyWage payable 300 Cash 300d.
  • Pay utility bill from JulyUtility payable 200 Cash 200
  • There are several different types of adjusting entries.