Answer:
FLSA rules establish that only short coffee breaks (between 5 to 20 minutes) should be compensated as work time. Meal periods that last at least 30 minutes are not compensable work time.
If maintenance workers are recalled earlier, that time counts as work time because they are performing their normal work tasks.
Answer:
$24,800
Explanation:
Indirect method reconciles the Net Income to Operating Cash flow by adjusting for non -cash items previously included in net income and changes in working capital.
Cash flow from Operating Activities
Net income $22,000
Add Depreciation Expense $10,800
Less gain on the sale of equipment was ($500)
Decrease in Inventory $7,800
Decrease in Accounts Payable ($8,400)
Increase in Accounts Receivable ($6,900)
net cash provided operating activities $24,800
Therefore
The net cash provided (used) by operating activities is $24,800
Answer:
a) Head sets - perfect competition
b) Smart phones - monopolistic competition
c) Cellular telephone service - oligopoly
d) Cell phone applications - monopolistic competition
Explanation:
The following definitions explain the categorisation of competition:
- Perfect competition is when many firms sell similar products, no firm or buyer has control of market price. The barriers to entry are low. This is characterised by headsets
- The market for smart phones is monopolistic competition because advertisement is used to create product differentiation with the aim of gaining better market control
- Oligopoly is characterised by few firms controlling the market and keeping each other from dominating the market. This is they type of competition for cellular telephone service.
- Monopolistic competition is one where many firms produce dirlfferentiated products that are not substitutes. This is shown in market for cell phone applications
