Randall is an electrical assistant and receives an hourly wage. He is eligible for overtime pay which makes him a nonexempt employee.
<h3>Who is a nonexempt employee?</h3>
A non-exempt employee is an employee who is eligible to get a minimum range of salary and overtime payment for which he or she works.
- Exempt employees and nonexempt employees are differentiated under the Fair Labor Standards Act (FLSA)
- Any job governed by a different federal labor law would likely be excluded from FLSA requirements
- There are other classifications of employees in addition to exempt and non-exempt including trainees, interns, temporary workers, and volunteers are also covered in which they have their pay requirements under the FLSA or state law
- Nonexempt employees do not come under managerial positions, they are enrolled with less responsibilities compared to exempted employees
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Based on the following that is included in the cost of land is E. Brokerage commission. In the other side, C) The cost of clearing the land also included in the cost land.
When acquiring land, certain costs are necessary, ordinary and should be assigned to Land. These costs include the cost of the land, legal fees, title fees, zoning fees and also survey costs. Also included are site preparation costs like draining and grading, or the cost to raze an old structure. All of these costs may be considered necessary and ordinary to get the land ready for its intended use. Some costs are land improvements. This asset category includes the cost of parking lots, landscaping, sidewalks, similar expenditures and irrigation systems. Land is considered to have an indefinite life and is not depreciated.
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Answer:
0.62 or 62 %
Explanation:
Weight of common equity = Market Value of Equity ÷ Total Market Value of Sources of Finance
where,
Market Value of Equity = $111 million
Total Market Value of Sources of Finance = $62 million + $7 million + $111 million = $180 million
therefore,
Weight of common equity = $111 million ÷ $180 million
= 0.62 or 62 %
Conclusion
the weight of common equity that should be 0.62 or 62 %