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Group Bonus Plan
There are specific operations or jobs that require to be done collectively via a group of workers, as an example of, continuous production work flows in assembly a or in sequence work of computers, televisions or radio. A team of workers is engaged in several operations and as such, it becomes essential to introduce bonus schemes for collective efficiency of the group as a whole and the intention is to make a collective interest in the work. In this case, the bonus is shared with the members. The proportionate share may depend on a number of factors, as like an example, the level of employee in management structure, the department whether the employee falls, his recent salary and so on.
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Shirley and Ken are in partnership, trading in the construction industry. The year end for the partnership business is 30 June. You are the Assistant Accountant and have been as
Goga Ltd is busy building a five-star hotel in the area, they use the percentage of completion method to determine profits and would like to calculate the profit for the year. dra
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