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krek1111 [17]
2 years ago
12

Roger is the head of the insurance claims department. Roger works for longer hours than his subordinates, however, he is not pai

d overtime for working more than 40 hours per week. Under the FLSA, which statement justifies the organization's decision not to give Roger's overtime pay?
A) Roger is not a U.S. citizen.
B) Roger comes from an economically strong background.
C) Roger is unmarried.
D) Roger is considered as an exempt employee.
E) Roger has lower educational qualifications than his subordinates.
Business
1 answer:
zavuch27 [327]2 years ago
5 0

Answer: Option D. Roger is considered as an exempt employee is better justifies the organization's decision not to give Roger's overtime pay.

Explanation:

FLSA clearly states the facts of exemptions of paying overtime pay for certain employees. The exempted employees who have the position of the higher-level hierarchy will not have eligibility to get overtime allowance or pay. The Executive level Managers are compensated with high salary package. The nature of the Manager role is entitled to get more monetary benefits.

Roger plays a very vital role in the insurance claims department. In critical business periods, His working hours may be extended beyond a normal operational hour. FLSA restricts the HR department to pay for his extended work during peak time. So Roger can categorically be placed under the exemption of employees who are denied of paying overtime pay.    

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A corporate bond has 22 years to maturity, a face value of $1,000, a coupon rate of 4.6% and pays interest semiannually. The ann
julia-pushkina [17]

Answer:

a. The answer is: $1,008.40

b. The bond's YTM is 3.343%

c. The current yield is 3.826%

Explanation:

a. Bond price formula: ∑(C* / (1+YTM)n )

The price of the bond Intro A with i=1,2...10 is:

∑($1,000 x 3.4% / (1 + 3.3%)i ) = $1,008.40

b.  The price of the corporate bond which has 22 years to maturity is: $1,202.20

Given that the bond is trading at par value, the bond's YTM is:

[Annual Interest Payment + ((Face Value – Current Price) / (Years to Maturity))] / ( ( Face Value + Current Price ) / 2 )

= [$1,000 x 4.6% + (($1,000 - $1,202.20) /  22)]  / (($1,000 + $1,202.20) /2)

= 3.343%

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Annual Interest Payment / Current Price = $46 / $1,202.2 = 3.826%

5 0
2 years ago
A preliminary prospectus_____________.
Ilya [14]

Answer:

The correct answers are letters "B" and "C": does not contain the public offering price of the issue; contains the financial statements of the issuer.

Explanation:

A preliminary prospectus is a registration draft companies file to attract investors' attention. This file could contain the firm's financial statements, plan of use for the funds, and overall management information. The preliminary prospectus comes before the final prospectus in which the company proposes a price range to be offered for the security issued at the Initial Public Offering (IPO).

7 0
3 years ago
In the old Merck compensation system, if the salary line formula is: control point = $1544 + $4.72*Hay point. How much will a mi
Alekssandra [29.7K]

Answer:

<u>A mid-level manager will get $5251.2 salary.</u>

Explanation:

Control Point = 1544 + 4.72 x Hay Point

=1544 + 4.72 x 600

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120% compa ratio means the actual salary given out is (120/100) times the market mid-point

Hence,

Actual Salary = ( 120 / 100 ) x 4376

= $ 5251.2

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Answer:

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Property taxes on a company's factory building would be classified as a(n):
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<span>Property taxes on a company's factory building would be classified as "manufacturing cost".
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