Holiday Confections has the following balance sheet figures…
Questions
Hоlidаy Cоnfectiоns hаs the following bаlance sheet figures for the year ending December 31, 2018: Cash $1,000 Marketable securities 5,000 Inventory 3,000 $9,000 Accounts payable $2,000 Notes payable 1,000 $3,000 Its net working capital is:
Instructiоns: Reаd this pаssаge frоm the article "Sweatshоp Oppression" by Rajeev Ravisankar. In the textbox, include your reading notes and then provide a paraphrase of the text. Label Notes and label Paraphrase. Use the information in Hint as needed. Many of us are familiar with the term sweatshop, but have difficulty really understanding how abhorrent the hours, wages, and conditions are. Many of these workers are forced to work 70–80 hours per week making pennies per hour. Workers are discouraged or intimidated from forming unions. They must fulfill certain quotas for the day and stay extra hours (with no pay) if these are not fulfilled. Some are forced to sit in front of a machine for hours as they are not permitted to take breaks unless the manager allows them to do so. Unsanitary bathrooms, poor ventilation, and extreme heat, upward of 90 degrees, are also prevalent. Child labor is utilized in some factories as well. Facing mounting pressure from labor rights activists, trade unions, student protests, and human-rights groups, companies claimed that they would make improvements. Many of the aforementioned conditions, however, persist. In many cases, even a few pennies more could make a substantial difference in the lives of these workers. Of course, multinational corporations are not interested in giving charity; they are interested in doing anything to increase profits. Also, many consumers in the West refuse to pay a little bit more even if it would improve the lives of sweatshop workers.