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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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The higher discount rate lower the banks incentive to borrow from the Fed, lowering the quantity of reserves, and causing the money supply to fall.

This is because a higher discount rate makes borrowing from the Fed more expensive. Some of the money that would have been borrowed from the fed becomes bank reserves, and some other becomes loanable funds that increase the money supply. As a result, if banks borrow less from the fed, the money supply falls (or grow less).

The Fed Funds rate is the rate that banks charge one another for short-term overnight loans.

This occurs when banks are stripped of cash, and rely on other banks to meet their cash requirements for the day.

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When the Fed buys government bonds, it is essentially creating money. This money enters the banking system in the form of reserves, of which some are loaned out, creating even money. Demand for the borrowed reserves falls because banks now need less of it, and as a result, their price: the federal funds rate, also falls.

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3 years ago
Gilchrist Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginni
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<u>To calculate the predetermined overhead rate, we need to use the following formula:</u>

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On January 1, Skysong, Inc. had 90,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $5
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Answer:

No. of shares outstanding = A

Par Value (at $5)  = B

Additional Paid in capital in excess of Par = C

Dividend  = D

                                          A             B(A*$5)            C               D

Jan 1 balance               90,500       $452,500          $0

                                    shares

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June 30 Balance         111,500      $557,500   $294,000   $111,500

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Journal Entries based on above

Date         Accounts Titles          Debit            Credit

15-Jun     Dividends                 $111,500

                    Dividends payable                     $111,500

10-Jun      Cash                         $111,500

                     Dividends                                 $111,500

15-Dec      Dividends                   $490,200

                     Dividends payable                   $490,200

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