Answer:
"1"
Explanation:
Fair labor standard acts is a business law implemented to immune workers from unfavorable work practices and regulations.
It covers the area of minimum wages , overtime payment and child labor.
As the standard work hours is 40hours , any clocked time in excess of 40 hours must be paid overtime at premium of 1.5 rate of the normal rate.This means that Ana's son should be paid overtime at a minimum rate of $7.5 for the extra 20hrs he worked.
The exception to the minimum age requirements under the child labor acts allows parents to employ their child of any age covers Ana's employment of his child in his business
Answer:
D. A credit to Other Financing Sources for $5,000.
Explanation:
As the equipment is used for governmental service and sold, the journal entry to record the disposal is as follows:
Debit Cash $15,000
Debit Accumulated Depreciation $30,000
Credit Equipment $40,000
Credit Gain on sale of equipment $5,000
Calculation: Book value of equipment = Cost price - Accumulated depreciation = $40,000 - $30,000 = $10,000
Therefore, Gain on sale of equipment = Disposal value - Book value = $15,000 - $10,000 = $5,000.
Therefore, option A is correct. Option B is also correct. Option C is also correct. Therefore, option D is not correct and it is the answer as it will not include in the journal.
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Answer:The nonprofit and governmental institutions are closely linked by the common need to meet set out goals that involve people and not profit hence the need for a financial report that meets and suites their objectives a?and goals
Explanation:
governmental entities and non profit organizations contrast sharply from private sector organizations by the need to be responsive to a large number of different groups and organizations- elected officials, other units of governments, investors, creditors, and citizens that are focused on monitoring their activities. Non profit and governnt institutions. The financial statements used by nonprofit organizations differ somewhat from for profit organizations and include the Statement of Financial Position, Statement of Activities, Statement of Functional Expenses, and Statements to Cash Flows, with notes to the financial statements. ). The Statement of Financial Position is similar to the balance sheet in for-profit organizations. Nonprofits have a net assets section rather than owners’ equity since there are no owners.
All governments and non profit organizations , including school districts, develop their annual financial reports in accordance with principles established by standard-setting authorities to provide consistency and comparability for users. This is for them to meet accountability needs and transparency
As stated by National Center for Education Statistics, information provided by governments should contribute to accountability in the following areas:
Financial position and results of operations
Actual financial results compared with adopted budgets
Compliance with finance-related laws, rules and regulations
Efficiency and effectiveness of operations
Maintenance of governmental assets
Answer:
a. containerization
Explanation:
The containerization is defined as the system which uses intermodel containers for freight transport. By this methods, each container is considered an unit of product instead of smaller parts. The transport between shipment methods would be facilitated without affecting to commodities inside each containers. In addition, when many products are in the containers, the quantity of parcel can be easily controller. The standardized dimensions of containers used can help the exporter, importer or transporter easily make plan about shipment by different means.