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diamong [38]
3 years ago
7

Ben Lieber is a waiter at Harbor House, where he receives a weekly wage of $80 plus tips for a 40-hour workweek. Lieber's weekly

tips usually range from $280 to $400.
Under the Fair Labor Standards Act, the minimum amount of wages that Lieber must receive for a 40-hour workweek is ________.
Business
1 answer:
Dmitriy789 [7]3 years ago
4 0

Answer:

$290

Explanation:

Fair labour standards act is a Federal law that specifies minimum wage, overtime pay eligibility, child labour standards, and record keeping which affects employees of both private and government institutions.

The Fair labour standards act state that the minimum wage an employee should collect per hour is $7.25.

So for a 40 hour week the minimum wage for Ben Lieber is 7.25* 40= $290

Provisions for FLSA include minimum wage payment, exemption from overtime, minimum wage for workers that provide companionship services, and exemption for worker that do computer related jobs.

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Suppose that for a particular firm the only variable input into the production process is labor and that output equals zero when
swat32

Answer:

Suppose that for a particular firm the only variable input into the production process is labor and that output equals zero when no workers are hired. In addition, suppose that the average total cost when 5 units of output are produced is $60, and the marginal cost of the sixth unit of output is $120. What is the average total cost when six units are produced

4 0
2 years ago
1.6 Harper Travel Agency purchased land for $85,000 cash on December 10, 2015. At December 31, 2015, the land's value has increa
noname [10]

Answer:

$85,000

Explanation:

In the balance sheet, a company records the value of assets at their historical cost. Assets are recorded in the balance sheet at the price that they were acquired.  Even if a company has strong reasons to believe that the value of an asset has increased, It cannot adjust its value in the books.

Harper will record the value of the land at $85,000.  $93,000 represents the fair value of the property. Harper cannot record the fair value in the balance sheet. The fair value is only used when disposing of the property. The only way of verifying the fair value is by selling the property.

4 0
3 years ago
Melanie owns a bakery and has just purchased new powerful mixing machines that will increase her daily output of baked goods. Th
maria [59]

Answer:

A

Explanation:

Here are the options :

A.physical capital.B.technology.C.human capital.D.financial capital.

Physical capital can be described as tangible, man-made objects used to produce goods. They include machinery, cars

3 0
2 years ago
What is marginal cost of capital?
Ghella [55]
Marginal cost of capital (MCC) schedule is a graph that relates the firm's weighted average cost of each unit of capital to the total amount of new capital raised.
4 0
3 years ago
Fresher Foods, Inc., orally agreed to purchase one thousand bushels of corn for $1.25 per bushel from Dale Vernon, a farmer. Fre
Yuri [45]

Answer:

In the case of Fresher Goods, Inc.v. Vernon, the trial court will possibly conclude that Vernon must complete the portion of the payment which has already been compensated for as a result of partial results.

Explanation:

Vernon accepted partial payment for the sold goods. While the Law of Frauds demanded that any contract for the selling of goods at a price of $500 or more be enforceable in writing, the oral arrangement was partially compensated and agreed by all parties. That part of the deal was binding, so Vernon would supply 100 corn bushels to Fresher for $1.25 per bushel.

3 0
3 years ago
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