Situations in which an employer would be required to pay overtime are:
A salaried employee works on a Saturday
A salaried employee works on a federal holiday
Explanation:
Overtime payments are required b the law to pay to a firm when they make their employees work over the permissible limit of work or hat is allowed int he job contract as the work limit for the company.
The concept is introduced for salaried workers as the work for a salary for the month and not on the hourly basis.
They are to be paid whenever they are made to work over whatever is in their contract which includes Saturday for most workers who do not have an off then and also on federal holidays invariably.
Answer:
the company's cost of equity is 11.47 %.
Explanation:
The Company`s cost of equity is the return that is required by holders of Common Stocks.
The Cost can be determined using the <em>Capital Asset Pricing Model</em> (CAPM) as follows :
Cost of Equity = Return on Risk Free Rate + Beta × Return on Market Portfolio
= 2.86 % + 1.23 × 7.00 %
= 11.47 %.
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Answer:
2017 depreciation expense= 10,060*3/12=$2,515
2018 depreciation expense=$10,060
Explanation:
The depreciation expense of machine for the whole year shall be calculated as follows:
Depreciation expense=[(89,920-9,440)/8]=$10,060
Since the machine is only used for 3 months in the year ended December 31, 2017, therefore the depreciation expense in 2017 will be calculated as follows
2017 depreciation expense= 10,060*3/12=$2,515
2018 depreciation expense=$10,060
Answer:
As the price level rises, imports become relatively cheaper than domestically produced goods.
Explanation:
The aggregate demand curve is a graph showing the total quantity of all goods and services demanded by an economy at different price levels.
As price level increases, the cost of domestic goods increases and imports become cheaper. As a result, the demand for domestic goods falls as price level falls and the demand for imported goods increases.
