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MAVERICK [17]
3 years ago
7

Showery Drugs is a pharmaceutical company based in Detroit. Showery Drugs expects its employees to work long hours and achieve i

ncreased production rates. Employees earn one and a half times the usual hourly rate for working more than 40 hours in one week. Which law is Showery Drugs abiding by in this scenario?
A) laws governing equal employment opportunity
B) Fair Labor Standards Act (FLSA) of minimum wage
C) Fair Labor Standards Act (FLSA) of overtime
D) laws governing prevailing wages
E) product market laws
Business
2 answers:
omeli [17]3 years ago
8 0

Answer:

The correct answer is letter "C": Fair Labor Standards Act (FLSA) of overtime.

Explanation:

The Wage and Hour Division is an agency of the United States Department of Labor in charge of setting the standards for fair working conditions and compensations. When it comes to overtime, a company that requests employees to work more than 40 hours during a workweek must pay the excess of those hours at a rate of one and a half of the regular rate. Thus provision is established in the Fair Labor Standards Act (<em>FLSA</em>).

Leto [7]3 years ago
4 0

Answer:

C) Fair Labor Standards Act (FLSA) of overtime

Explanation:

According to the Fair Labor Standards Act (FLSA) of overtime, all hours over 40 in a work week must be paid as one and half times the regular rate of pay.

Showery Drugs is clearly applying this practice  when it rightfully pays its employees one and a half times the usual hourly rate for working more than 40 hours in one week.

The answer is C)

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Return on sales for south drive is lower in year 2 than year 1 what expense is causing this lower?
sergey [27]

The correct answer is d: Interest Expense. The expense that is causing lower profitability is the Interest Expense.

The fee incurred by a business for borrowed cash is known as an interest expense. On the income statement, it is listed as a non-operating expense. It stands for the interest due on all borrowings, including bonds, loans, convertible debt, and credit lines. In essence, it is determined by multiplying the interest rate by the debt's outstanding principal. Instead of the amount of interest paid over the reporting period, interest expense on the income statement shows interest accrued during that time. While interest costs are tax deductible for businesses, they may not be in the case of an individual, depending on their jurisdiction and the purpose of the loan.

Since there are typically lags between interest accruing and interest paid, interest expense frequently appears as a line item on a company's balance sheet.

Comparative income statements for South Drive Company for Year 2 and Year 1 are given below.

................................................Year 2.......................... Year 1

Sales ....................................900,000 .......................500,000

Cost of goods sold ..........(432,000) ......................(240,000)

Gross profit on sales ........468,000 ........................260,000

Wage expense ..................(54,000) .......................(30,000)

Rent expense ....................(90,000) .......................(50,000)

Operating income .............324,000 ........................180,000

Interest expense............... (80,000)........................ (30,000)

Net income........................ 244,000 ..........................150,000

Return on sales for South Drive is lower in Year 2 than in Year 1. What expense is causing this lower profitability?

a. Cost of Goods Sold

b. Wage Expense

c. Rent Expense

d. Interest Expense

Learn more about interest expense here:

brainly.com/question/14185533

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6 0
2 years ago
Sarah is a 50 percent partner in the SF Partnership and has an outside basis of $56,000 at the end of the year prior to any dist
Vikentia [17]

Answer:

A. $0 gain, $36,000 basis

Explanation:

In the distribution, from the information given, Sarah does not recognize any gain or loss.

However, given that

She had $56000 basis at end of year prior to distribution.

Then receives $20000 from distribution after reallocating her basis in SF to cash in amount equal to distribution

Therefore,

Her basis left = 56000 - 20000

= $36000

3 0
3 years ago
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When the allowance method of recognizing uncollectible accounts is used, the entries at the time of collection of a small accoun
slavikrds [6]

The allowance method of recognizing uncollectible accounts used is one where there is no effect on net income.

<h3>What is the allowance method?</h3>

This is known as a method that entails the use of or the act of setting aside a kind of reserve for bad debts that are seen or foretell to take place in the future.

The reserve is one that is based on a percentage of the sales gotten in a reporting period, in terms of those adjusted for the risk linked with some customers.

Learn more about allowance method  from

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6 0
2 years ago
Laws designed to promote competition and prevent the information of monopolies are known as _____ laws
Soloha48 [4]
The answer is B. antitrust laws.

Antitrust laws are designed to keep competition fair between corporations to protect consumers. These laws promote such competition and discourage monopolies from operating as such.
6 0
3 years ago
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An increase in the demand for peanut butter could be caused by a(n)
Serggg [28]
I’d say D because its being demanded more of
8 0
2 years ago
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