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PIT_PIT [208]
1 year ago
6

: which statement is true about nonexempt employees? group of answer choices under the flsa, executive, professional, and admini

strative employees are considered nonexempt employees. teachers and outside salespeople are nonexempt employees. the overtime rate for nonexempt employees under the flsa is two and a half times the employee's hourly rate. nonexempt employees are covered by flsa and include most hourly workers. nonexempt employees can earn up to 95 percent of the minimum wage.
Business
1 answer:
Kobotan [32]1 year ago
3 0

The true statement that we can see about the non exempt employees is that nonexempt employees are covered by flsa and include most hourly workers.

<h3>What is meant by non exempt employees?</h3>

Employees who are not excluded from pay have a right to the minimum wage and overtime compensation if they put in more than 40 hours per week.

For each hour over 40 in a workweek, businesses are required by the FLSA to pay non-exempt workers no less than time and a half their usual wage rate. If a non-exempt worker isn't paid hourly, one can determine their hourly rate by dividing their total earnings by the number of hours they worked. When making these calculations, vacation, holidays, and sick days shouldn't be taken into account unless the person really worked on those days.

Employers shouldn't presume that just because a worker receives a pay, they can be lawfully regarded as exempt under the FLSA. Employees may be entitled to overtime compensation if they don't pass an acceptable duties test, make less than $684 per week or $35,568 per year, or have certain deductions made from their pay.

Read more on non exempt workers here: brainly.com/question/28136801

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The ABC Corporation is considering introducing a new product, which will require buying new equipment for a monthly payment of $
scZoUnD [109]

Answer:

5500 units per month must be sold to earn the required profit

Explanation:

The target profit is the amount of profit that a business wants to earn. To calculate the target profit, we can use the break even analysis and include the factor for target profit under its formula and calculate the units and the dollar sales needed to earn the target profit.

In this case, the target profit is $50000 per month.

The break even in units = Fixed cost / contribution margin per unit

Contribution margin per unit = selling price per unit - variable cost per unit

To calculate units required for target profit, we will add the target profit to the fixed cost and divide by the contribution margin per unit

Target profit units = (fixed cost + target profit) / Contribution margin per unit

So,

Contribution margin per unit = 20 - 10 = $10 per unit

Target profit units = (5000 + 50000) / 10

Target profit units = 5500 units per month

7 0
3 years ago
In 1626, Dutchman Peter Minuit purchased Manhattan Island from a local Native American tribe. Historians estimate that the price
VLD [36.1K]

Answer:

<em>Approximately $22 billion</em>

Explanation:

<u>Future Value (FV)</u>

Given a present value (PV) of an investment, the annual interest rate r, the future value at time t years is given by

FV=PV\left(1+r)^t

Care must be taken to properly express the time in years and the rate in yearly pertentage.

The estimated value of the Manhattan Island in 1626 was PV=$24. 386 years later, at a r=5.5% its value would be

FV=\$24\left(1+0.055)^{386}=\$22,680,919,665

The present value can be estimated in more than $22 billion

7 0
4 years ago
3. Based on sales, what products do customers want? How accurately did the
PilotLPTM [1.2K]

Answer: Market survey

Explanation:

One of the ways to determine what customers want is my doing s survey. A survey would guide you through what they want. One of the ways to do this survey to get accurate answers is through questionnaire's, questionnaire's could be sent through mobile or advert or mails, asking what exactly what the customers want, from the feedback, the owner can predict accurately.

5 0
3 years ago
g on april 12, hong company agrees to accept a 60-day, 10%, $4,700 note from indigo company to extend the due date on an overdue
tamaranim1 [39]

Debit Accounts Payable $4,500; credit Notes Payable $4,500.

<em>In this case, accounts </em><em>payable </em><em>which have credit will be replaced by Notes payable. Hence accounts payable will be debited and notes payable will be </em><em>credited</em><em>.</em>

<em />

<em />

A transaction is a finished settlement between a buyer and a seller to change items, offerings, or economic belongings in go back for cash. The term is also generally used in corporate accounting. In commercial enterprise bookkeeping, this undeniable definition can get difficult.

<em />

Primarily based on the alternative of cash, there are three sorts of accounting transactions, particularly coin transactions, non-cash transactions, and credit score transactions.

<em />

Transaction process is a time period that refers to the adding, converting, deleting, or searching up of a record in an information record or database via coming into the information at a terminal or computer

<em />

<em />

Learn more about transactions here:-brainly.com/question/1016861

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4 0
1 year ago
Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables: Mar. 17. R
stiv31 [10]

Answer:

Journal Entry

Date                     Particulars                     Debit            Credit

Mar. 17                       Cash                          $275          

                          Bad Debts                     $ 1000

                          Accounts Receivable( Shawn McNeely) $1275

As cash is received and also bad debts are written off from the same person a combined entry can be made for the accounts receivable.

When direct write off method is used the allowance for uncollectibles is not created. The bad debts are directly written off against the accounts receivable.

8 0
4 years ago
Read 2 more answers
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