Answer:
c. credit to Sales Revenue for $72,380.
Explanation:
Since AAA Car Repair's total purchases exceed $200,000 for the year, they are eligible for the 3% rebate on purchases above $60,000. Only the fraction of the purchase over $60,000 should get the 3% rebate, the first $60,000 get the 2% rate.
Therefore, the total sales amount recorded by P & G Auto Parts by selling $74,000 of parts to AAA is:
There should be a credit to Sales Revenue for $72,380.
Answer:
C. Can have a large influence on survey results.
Explanation:
Several public opinion polls conducted in America have shown that subtle differences in the way questions are worded can largely influence the results of the survey.
An example, was a public opinion poll on free speech conducted in the year 1970. Different wordings of the questions asked, produced remarkable differences in the response from respondents.
This challenge can be overcome by asking the questions in a rotational manner, or dividing the questions into two parts. Respondents are divided into two groups who are administered the questions respectively.
Answer and Explanation:
The computation is shown below:
a. Holding period return would be
= Income + (End of Period Value - Initial Value) ÷ Initial Value
= 0 +($2,178 - $1,902) ÷ $1,902
= 0 + $276 ÷ $1,902
= 14.51%
b. The annual percentage rate is
For 3 months, the rate is 14.51%
Now
For 12 months, it is
= 14.51% ÷ 3 × 12
= 14.51 % × 4
= 58.04%
c. The effective annual rate is
= ( 1 + r ÷ m)^m - 1
= (1 + 58.04% ÷ 4)^4 - 1
= (1 + 0.5804 ÷ 4)^4 - 1
= (1 + 0.1451)^4 - 1
= (1.1451)^4 - 1
= 1.719387079 - 1
= 0.719387079 or 71.94%
Answer:
e-commerce
Explanation:
Ecommerce, also known as electronic commerce or internet commerce, refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions
The Fair Labor Standards Act requires the payment of overtime to regular workers who work more than eight hours in a day: FALSE
<h3>
Who is labor?</h3>
- In the economy, labor refers to both the number of employed people and the work they do to produce goods and services.
- Numerous categories can be used to classify labor.
- The first is according to skill level; the lowest level is manual labor that doesn't call for special training.
<h3>What is the Fair Labor Standards Act?</h3>
- A minimum wage and "time-and-a-half" overtime pay are rights established by the Fair Labor Standards Act of 1938, which is codified at 29 U.S.C. 203.
- These rights apply to everyone working more than forty hours per week.
- Additionally, it forbids using children for "oppressive child labor."
Therefore, the Fair Labor Standards Act requires the payment of overtime to regular workers who work more than eight hours in a day is FALSE.
Know more about the economy here:
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