Employers may pay nonexempt employees who work fluctuating schedules a fixed salary, in these cases, the extra pay is None of the above are correct.
Many firms simply pay an hourly rate plus time and a half for every hour worked in excess of forty. But there are also other legal ways to pay nonexempt workers and determine how much overtime they are due.
Nonexempt employees are paid a defined weekly salary under the variable workweek approach, which is described in 29 CFR 778.114, regardless of the number of hours they put in.
They also earn additional overtime compensation when they clock in for more than 40 hours in a workweek. In other words, whether an employee works 30, 40, or more hours a week, their pay remains the same.
Every hour the employee works over 40 in a workweek that exceeds 40 is compensated with additional overtime pay.
To learn more about Overtime Pay here
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Answer:
The amount of the increase to the Cash account is $10,450
Explanation:
<em>Cash account </em>
Cash for services performed during July $900
Cash from the issuance of common stock to owners $5350
Cash received from customer as payment for services performed during June $450
Cash Borrowed from bank $2600
Cash received from customer service to be performed during august $1150
Total sum is Cash account increase of $10,450
A fixed price is for a fixed scope of work
Answer:
Explanation:
Businesses can be affected by various environmental facors as political, economic, social and technological facors (PEST). All of these factors influence the decision making within the organization.
Let's briefly describe each of the factors:
1. Political factors: In some countries there are subsidiaries and tax exemptions for running a particular businesses. For example, tax exemptions for those doing green business or producing electric cars. In order to adress such risks, business people should investigate about legislation and political environment of countries.
2. Economic factors: Businesses are affected by economic well being of the market where it is based. For example, market largely differs in European ccountries and Central Asian countries. Most of the countries in Central Asia are developing countries, whereas European countries are developed and have economic stability. To handle such risks, businessman should research the potential markets on the issues of inflation rate, average income of people and etc.
3. Social factors: How society views the markets and what it demands. Some support green initiatives and want zero waist products and etc.
4. Technological environment: In case of electro cars, if there are no energy for charging them that could be the potential issue. Or if market is not really technologically advanced, business will need to educate the market about their innovational products and etc.
In order to manage such concerns there should be particular research and investigations held and of course financial requirements are important and should be met for budgeting purposes.
