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3 years ago

In order to qualify for the "white-collar" exemption as outside salespeople, the employees must be

1 answer:

7 0

FALSE.

The minimum salary of at least $455/week does not apply for the outside salespeople. There is no salary basis or compensation for outside salespeople to qualify for the "white-collar" exemption.

They only need to meet these requirements:
1) their primary duty is to make sales or obtain orders or contracts for services or contracts for the use of the facilities that clients or customers pay.
2) in performing their primary duty, the salesperson is regularly engaged away from the employer's place of business.

You might be interested in

The cash conversion cycle is computed as:

Anna [14]

Answer:

The correct option here is A) Days sales outstanding + Days inventory outstanding - Days payable outstanding.

Explanation:

Cash conversion cycle which is also termed as Net operating cycle or Cash cycle, this cycle tells us about how much time it is going to take for an organization to converts the amount of investment it has made in the inventory and various other resources to cash , which will be generated by sales.

Formula used for calculation =

AMOUNT OF SALES OUTSTANDING IN DAYS

AMOUNT OF INVENTORY OUTSTANDING IN DAYS

AMOUNT OF PAYABLE OUTSTANDING IN DAYS

4 0

3 years ago

All of the following costs are likely to decrease as a result of better quality except:

swat32

Answer:

The correct answer is (d)

Explanation:

Better quality can help to reduce many costs such as customer’s dissatisfaction cost, inspection cost and warrant and service cost. When customers don't like the quality of the product they are likely to buy the same product from somewhere else that is the dissatisfaction cost. Still, maintenance cost is likely to incur no matter how good the quality is. Maintenance cost helps to keep the product clean and fresh for long-term use.

5 0

3 years ago

What is meant by consistency when discussing financial accounting information?

goblinko [34]

Answer:

The correct answer is letter "A": Information presented by a company applies the same accounting treatment to similar events, from period to period.

Explanation:

In accounting, consistency is the principle that states a company must use an accounting method for book-keeping its transactions and the same method should be used from one period to the following. However, the consistency principle allows the company to change the current method for a more preferred method.

6 0

3 years ago

Suppose all of the major computer manufacturers announced that beginning next month there would be major price reductions on the

Nesterboy [21]

Answer:

The correct answer is "decrease".

Explanation:

This would cause the current demand for computers to decrease because consumer expectations would be displaced in the long run by waiting for computer prices to decrease before going to buy them. This behavior is due to the advance announcement of the manufacturers.

Have a nice day!

3 0

2 years ago

Companies A and B are in the same industry and are identical except for cost structure. At a volume of 50,000 units, the compani

ASHA 777 [7]

Answer:

B. Company A's cost structure has higher fixed costs than B's.

Explanation:

Let's see the formula for income:

50,000 units x sales price - variable cost x 50,000 - fixed = net income

50,000 (sales - variable) - fixed = net income

At 50,000 both have equal net income.

Also we are given the fact that their sales is the same.

"identical except for cost structure"

So:

$50,000 (S-V_a)-Fixed_a = 50,000 (S-V_b)-Fixed_b$

We work it and remove sales from the equation:

$50,000S-50,000V_a-Fixed_a = 50,000S-50,000V_b-Fixed_b$

$-50,000Variable_a-Fixed_a = -50,000Variable_b-Fixed_b$

At 60,000 units, Company A has a higer income, so the increase of variable cost in company A is lower than company B

The cost of 10,000 more units is all variable cost, if Company A has more income, then their variable are lower.

If variable cost for 10,000 is lower, same applies for the variable cost for 50,000 so we have:

10,000Va < 10,000 Vb

50,000Va < 50,000Vb

So to have equal income at 50,000 units.

Fixed of A > Fixed of B

5 0

3 years ago