Assignment ec 410 Example | Topics and Well Written Essays - 250 words

Ec 410 - Assignment Example At 50% no activities that are cheaper to produce in the U.S as compared to Mexico. 1).The main difference between outsourcing in manufacturing versus business service is that in manufacturing the company may be given the mandate to manufacture goods locally using the patent of the parent company. On the other hand, the parent company may enter into a contract with another firm whereby, that firm is given mandate to offer services either locally or in the foreign market (Avadhanam, para.4) 2). Skill premium is where the wages earned by both skilled and skilled labors who works in the same field increase relatively to each other. The skilled premium in the U.S has widened wage gap between skilled and unskilled labor for the past 30years (Kannan, p.115). 3).The effects of outsourcing on workers’ wages include; it reduces the wages earned by workers, skilled workers may obtain more wage benefits as compared to the unskilled. Finally, it causes suffering to workers who worked at outsourcing firms. 5).It is true that U.S skilled workers fear the security of their jobs due to possibility of outsourcing. This because a firm may find cheaper to outsource labor rather than utilize local labor (Kannan, p.136) 1). The three factors that make Kenya an attractive site for Business Process Outsourcing include: availability of the 3 fiber optic cables, emergence of 4 undersea cables and availably of highly skilled labor force (The Economist,

The Role of a Staff Accountant - Fitch Ratings Company Essay

The Role of a Staff Accountant - Fitch Ratings Company - Essay Example This position reports directly to Marvin Goodells (Junior Vice President) and is operated by division leader Thelma Brackley (Division Superintendent). All matters of business or personal matters should be brought to Mr Goodells as part of Fitch rating management hierarchy. Because staff accountancy involves knowledge within a wide field of finance, it is important to understand how to perform well in this new position. Internal auditing, specifically, involves extensive review of ledger histories. These are located in the left-hand file cabinet under the â€Å"reconciliation† tab. All copies of your daily logs must be posted in chronological order at the end of the closing accountancy day. Auditing consists of comparing the electronic records with that of the staff general ledgers. All proposed discrepancies, if any, will be highlighted in green and distributed by Marvin Goodells on the 24th of each month. When discrepancies can be explained, with appropriate documentation, a commentary section is appended to the report where definitions or scenarios must be discussed for the inconsistency. This report, when reconciled, must be delivered to Mr Goodells’ exterior office mailbox by the last reporting day of the month. Once monthly, you will meet with Thelma Brackley to discuss your role in various customer accounting. She will ask to see all of your balance sheets for a specific date or time period, and it is required by the policy that you are able to produce those records instantaneously. As such, it is important to understand the filing system of the office. All general ledger notifications are to be tabbed red, payroll information is labelled green, and balance sheets are labelled with blue tabs. These tabs are located in the copy office, merely ask Tina (the office manager) for replacements if you can find none. Affix these tabs to each day’s records, place their photocopy in the file drawer with the appropriate coloured tab, and file the records in descending dates facing away from you.  Ã‚