Answer: Will report a liability of $5000 for judgement debt and a claim of $11,000
Explanation:
The liability refers to the obligations of the firm which are certain is going to make payment as compensation.
The $5000 liability, although payment has not been made it's already Incurred by the company under the acural concept.
The claim of $11,000 is only probable and not certain even though amount and time of execution can be estimated, since it's not certain it will only be recorded as a claim in the goverments fund balance sheet.
Answer:
Yield management pricing
Explanation:
Yield management pricing is the charging of different prices for a given set of capacity at a specific time in order to maximize revenue. This is based on the demand and supply in the market and is very common in industries such as airlines, hotels and resorts. When there is very high demand for airline seats, prices for them are high. However, if some of those passengers decided to refund their tickets, close to departure and the flight would be taking off soon, instead of flying with empty seats and no revenue from them, the airline would decide to sell these same seats at a cheaper rate in order to gain some revenue. This is a form of revenue maximization.
<span>True. "Economizing behavior" is the result of purposeful and rational decision making on behalf of the economizer. The better option in two items of the same quality is to buy the cheaper object.
For example, if you want to buy a chocolate bar and see that one seller offers one at $1.50 and the other one offers one at $3. Economizing behavior would be to buy the first bar.</span>
Under the Fair Labor Standards Act, Marianne is entitled to $12,000 for overtime pay.
<h3>What is the overtime rate under the Fair Labor Standards Act?</h3>
Under the Fair Labor Standards Act, the overtime rate is a <u>time and a half</u>.
<h3>Data and Calculations:</h3>
Annual salary = $170,000
Rate per hour = $80
Overtime rate per hour = $120 ($80 x 1.5)
Overtime hours = 100 hours
Overtime pay = $12,000 (100 x $80 x 1.5)
Thus, under the Fair Labor Standards Act, Marianne is entitled to $12,000 for overtime pay.
Learn more about the Fair Labor Standards Act at brainly.com/question/499564
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