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ANTONII [103]
3 years ago
10

Ana runs a small jewelry-making business from her home. She has no full-time employees, but she does pay her son (age 15) to hel

p package and ship products. Over the holidays, Ana and her son put in many hours to meet rush orders. In fact, over the holiday break, her son logged about 60 hours of work. Typically, Ana pays her son $5 per hour. Which of the following is true in relation to this case?Question options:1) Because he worked extra hours, he can demand overtime pay based on the Fair Labor Standards Act.2) Because he worked extra hours, he can demand an increase in pay to the national minimum wage level.3) Because he is employed by his family, he is not entitled to extra pay or overtime pay.4) Because he worked extra hours, he can demand both overtime pay and an increase in pay to the minimum wage level
Business
1 answer:
RoseWind [281]3 years ago
7 0

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

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Andy Basil Industries Inc. reported the following information about the production and sale of its only product during the first
grandymaker [24]

Answer:

Cost of Goods Sold = $ 400,000

Explanation:

Units Sold = $360,000/ $225= 1600

Sales ​                                                                  $360,000

Direct materials ​$176,000

Direct labor ​$100,000

Variable factory overhead ​$44,000

Fixed factory overhead ​$80,000

Total Manufacturing Costs   $ 400,000

Variable selling and administrative expenses ​$20,000

Fixed selling and administrative expenses ​$10,000

Cost of Goods Sold = $ 400,000

As ending Inventory Finished Goods is 400 units it is not included in the Cost of Goods Sold.

3 0
4 years ago
Murphy Inc. has two new liabilities. The first liability is due in one year and has a face value of $1,500,000 and present value
Tanzania [10]

Answer:

$5,896,778

Explanation:

The computation of the increase value in the liabilities section is shown below:

= Present value of the first liability due in one year + Present value of the second liability due in three years

= $1,388,889 + $4,507,889

= $5,896,778

For computing the increase value in the liabilities we simply added the present value of two liabilities given in the question

7 0
3 years ago
How should policymakers determine the amount of money that should be allocated for research curing heart​ disease? they should b
Vlada [557]

Bigger and larger reductions in the production of one thing are necessary to increase the production of another good. The frontier of the production potential will bow outward.

<h3>What is production?</h3>

Producing goods and services to meet consumer demands is known as production. The method yields the final product. Land, capital, labour, and organisation make up the four components of production.

The production of automobiles is an illustration of production. Parts are put together to create cars. For instance, metal bodywork are given rubber tyres so that seats can be placed before the car rolls off the assembly line.

One of the most crucial steps in the manufacturing process, production is fundamental to what it means to be a manufacturer.

To learn more about production from the given link:

brainly.com/question/13117735

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6 0
1 year ago
It is the goal of the managers at Trevor's company to rework the production line so that it produces as many automobile parts as
raketka [301]

Answer:

management strategy

Explanation:

By improving the companies management strategy the the manager in trevor's company would be able to gain competitive advantages and also achieve the companies objectives with the required resources.

5 0
3 years ago
Read 2 more answers
If a $100 drop in the price of a $10,000 car resulted in an increase in the quantity of cars purchased from 100 to 110 and a $10
nordsb [41]

Answer:

Price elasticity of demand is greater for the Car

Explanation:

Price elasticity of Demand = (Q2 - Q1/Q1) ÷ (P2 - P1/P1)

For the car,

PED = (110 - 100/100) ÷ (10000-9900/10000)

= 0.1 ÷ 0.01

= 10

PED = (110 - 100/100) ÷ (1000-900/1000)

= 0.1 ÷ 0.1

= 1

Since 10 > 1, hence the PED of the Car is greater than that of vacation homes.

5 0
3 years ago
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