Answer:
The correct answer is letter "B": Fair Labor Standards Act.
Explanation:
The Fair Labor Standards Act or FLSA is the U.S. federal law that sets regulations on employees' payments. The FLSA aims to provide fair wages to all workers by <em>establishing minimum wages</em>, compensations for overtime work, and it also builds barriers for child labor.
Answer:
The cost per equivalent unit of production (EUP) for conversion costs is $116.67
Explanation:
The cost per equivalent unit of production (EUP) for conversion costs is = 70000/600= $116.67
Answer:
1. Accounts receivable
2. Notes receivable
3. Other receivable
Explanation:
Sold merchandise on account for $64,000 to a customer - Accounts receivable. Since the merchandise is sold on credit to a customer, the same is recorded in the current assets of the balance sheet as accounts receivable.
Received a promissory note of $57,000 for services performed - Notes receivable. Since the promissory note is received for service performed which we term as a note receivable. This also come under the current assets of the balance sheet
Advanced $10,000 to an employee - Other receivables - As an advance is given to an employee neither is an account receivable nor it notes receivable. So, it is term as an other receivable
Answer:
the government, workers, and businesses of Country D
Explanation:
This reading describes a high inflation scenario where the general prices of goods and services is increasing more rapidly than household income. The problem with high inflation is that it reduces overall demand, which in turn lowers the entire GDP since consumption is by far the largest component of the GDP (in every single country, including D).
Once consumption starts to fall, a domino effect takes place and the businesses are negatively affected, and they are forced to lay off workers, and the government is also affected because their revenue decreases and their spending increases.
