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forsale [732]
3 years ago
12

Ian Burns is the new payroll accountant for ECG Marketing. Certain employees have been requesting changes in classification from

nonexempt to exempt.
How do the U.S. Department of Labor guidelines help him answer the employees' questions? Select all that apply.

a. Educational level
b. Responsibilities
c. Duties
d. Reimbursement of board, lodging or other facilities availed
e. Job elements
f. Compensation such as discretionary bonus
Business
1 answer:
Nookie1986 [14]3 years ago
8 0

<u>Solution and explanation:</u>

<u>The Fair Labor Standards Act defines three tests that an employee must be eligible to be considered under the 'Exempt' category. </u>

These include the following :

<u>1.Salary Level Test :</u> Employee must be paid minimum of $23,600 per year ($455 per week) to be considered Exempt.

<u>2.Salary Basis Test :</u> The representative must be paid on a Salary Basis, a fixed ensured least installment must be made for any workweek for the playing out any work. This would be dependent upon admissible and impermissible derivations that decide the premise of installment. Special cases to this standard are School educators, Lawyers, Doctors, and some others.

<u>3.Duties Test</u> : The actual jobs performed by the employee must be within the qualified exempt category of high level work. These are broadly classified as Executive, Professional; and Administrative job duties.  

Thus, following out of the above will be considered for the purpose of classification to Exempt employees category:

<u>- Reimbursement of board, lodging, facilities availed </u>

Whether these form part of the compensation structure and the gross payments fall within the ambit of Levels test.

<u>- Compensation such as discretionary bonus </u>

These to be considered as part of Salary and to check whether the payments fall within the above stated levels and also the Basis of these payments whether on continuing salary or otherwise.

<u>-Duties </u>

The actual duties performed to be checked whether these fall within the exempt category.

Thus, the above stated three tests must be cumulatively passed in order to be eligible to classified as 'Exempt' Employee.  

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Answer:

I believe this saying refers to how we need challenges in our lives so that we can experience failure and learn from it.

5 0
3 years ago
According to the consumer bill of rights, the idea that consumers' interests should receive full and sympathetic consideration i
Serga [27]

Answer:

right to <u>the consumer</u>.

Explanation:

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3 0
3 years ago
During 2010, raines umbrella corp. had sales of $850,000. cost of goods sold, administrative and selling expenses, and depreciat
I am Lyosha [343]
To calculate: 
1) Net income (loss) for 2010.
 2) Operating cash flow 
 Solution: 1)
 Sales = $850000
 Less: Cost of goods sold = $610000
  Gross profit = $240000
 Less: Administrative and selling expenses = $110000 
 Earning before Interest, Tax and Depreciation = $130000
 Less: Depreciation = $140000
  Earning before Interest and Tax (EBIT) = ($10000)
 Less: Interest expense = $85000
  Earning before tax (EBT) = ($95000)
 Less: Tax = $0 (as company is having negative EBT or loss hence no tax)

 
 Net loss = $95000  
 2) Operating cash flow 
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4 0
3 years ago
The decision by GE to do business, through subsidiaries, with Iran would have been made at what organizational level? a. First-l
bekas [8.4K]

Answer:

D. Top management

Explanation:

The top management of a company has the duty to oversee the entire company's operation. They are also the one that make a decision which will heavily influence the company's position in the future.

A decision for company to do business with subsidiaries with another country possess a lot of risk. It tends to require a lot of investment but with equally higher return.  Decision with this magnitude will most likely fall to the hands of the top managers in the company.

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3 years ago
All of the following would affect the position of the supply curve for cranberries, except: Question 28 options: the price of ag
myrzilka [38]

The factor that would not affect the position of the supply curve for cranberries is the popularity of cranberry drinks.

The supply curve is a graph that shows the relationship between price and the quantity supplied. The supply curve is positively sloped. A change in the position of the supply curve can either be an outward shift or an inward shift. An outward shift indicate an increase in supply and an inward shift indicates a decrease in supply.

An increase in the price of agricultural land and the cost of fertilizers increases the cost of producing cranberries . This would lead to an inward shift of the supply curve. On the other hand, a decrease in the price of  agricultural land and the cost of fertilizers would lead to an outward shift of the supply curve.

The development of a new pest control for cranberry production would lead  to an outward shift of the supply curve as more cranberries can be produced.

Please check the attached image for a graph showing an increase in supply. To learn more about the supply curve, please check: brainly.com/question/1915798

5 0
3 years ago
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