Answer:
The answer is below
Explanation:
According to a Fair Labor Standards Act, FLSA, guidelines regarding working hours apply to Hayim's employees in the following ways:
1. All the workers, (either full time or part-time) is entitled to remuneration based on minimum wage.
2. All the employees should work based on the guideline regarding maximum hours
3. The minimum age is applicable to all the employees
4. Remuneration of the employees must be based on the applicable Pay rates
5. There must be mandatory break periods for all workers, regardless if it is full time or part-time workers.
Answer:
Commercial Bank > Offers checking accounts
Financial service company > Offers high-risk loans
Savings and loan association > Provides home mortgages
Credit union > Is owned by its members
Explanation:
1. Commercial Bank > Offers checking accounts
Commercial bank is a financial organization which accepts deposits, offers varieties of products including checking accounts, and provides loans to the public and enterprises.
2. Financial service company > Offers high-risk loans
When a company looks to develop economic growth through the use of money supply from the savings accounts of people, and offers risky loans, that company is said to be a financial service company.
3. Savings and loan association > Provides home mortgages
When an institution acts like a bank by not being a banking institution, and provides mortgages, it is coined as savings and loan association.
4. Credit union > Is owned by its members
Member-based financially operated organizations which helps people to provide financial services like non-risky loans and deposits, that is termed as credit union.
Answer:
b. Decrease in net income; no effect on cash flow from operating activities
Explanation:
The adjusting entry is shown below:
Salaries expense A/c Dr $4,500
To Salary payable A/c Dr $4,500
(Being the accrued salary is recorded)
As we can see that the salaries expense is an expense account due to which the net income got decreased plus the salary payable has come under current liabilities of the balance sheet so there is no impact on the cash flow from operating activities
Answer:
consumers are now willing to purchase more of this product at each possible price.
Explanation:
When the demand for a good or service increases, it means that consumers are buying more. In this case, according to the law of supply and demand, increasing demand will decrease inventories of good and will make it scarcer, increasing the price.
Answer:
currency offset
Explanation:
In simple words, An alternative means taking an opposing part in the stock markets in comparison to an initial starting position. In company, an offset may relate to the situation where damages arising from one business segment are compensated for by profits from another.
Within the financial markets, a investor joins an analogous, but contrary, contract to cover a futures contract that excludes the actual underlying delivery obligations. Thus, we can conclude that the given case illustrates offset settings.
