Answer:No , he is not eligible for overtime pay.
Explanation:Who is Most Likely an Exempt Employee?
There are people who are exempt employees when it comes to qualifying for overtime pay due to their duties within the company.
Below is the list of exempt employees:
Senior management, corporate executives, company owners, company directors and similar white-collar executives are most often often exempt employees. Managers and supervisors who are responsible for making decisions on how work is performed , who set and oversee the financial aspects of the business , define pat level for employees,who are responsible for hiring all of these duties makes a manager exempt to overtime pay and we are told Gordon makes decisions about business's operation.
yes I definitely affirm that the switch of Chrysler from LIFO to FIFO was beneficial to the stockholders mainly because the profit figure was increased.
In several ways, the change improved Chrysler's financial results in 1970. In addition to cutting the 1970s loss by $20 million, it improved Chrysler's working capital. The change also made the comparison with 1969 earnings appear slightly more favorable because, after restatement, Chrysler's 1969 profit was only raised by $ 10.2 million from the original figures.
Finally, the change aided Chrysler's balance sheet by increasing inventories and thus current assets by $150 million at the end of 1970 compared to LIFO. As Chrysler's profit has plummeted in the last two years and its financial position has tightened, auto analysts have been wary of the company's shrinking current asset to current liability ratio. Chrysler, on the other hand, paid to improve its balance sheet and results. The primary benefit of LIFO is that it reduces profit and thus tax liabilities.
Learn more about LIFO here:
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Answer:
I think its D sorry if its wrong
Explanation:
Answer:
C) 14%
Explanation:
The nominal annual yield is exactly the same as the bond's annual coupon rate. The nominal annual yield is calculated as a fixed percentage of the bond's par value and it doesn't change if the market price of the bond increases or decreases.
The bond's current yield is the actual interest rate that the bond is paying since its calculation is based on the bond's market price, not its par value.
Answer:
Sales ticket, Telephone bill, Invoice from supplier and Bank statement
Explanation:
Source documents are used as source of information for accounting entries that can be either electronic or paper form. It is the original document which contains the details of a business transactions. It is the source to record accounting transactions. Usually it contains 'Names of the parties involved, Amounts, the date and substance of the transaction'. Simply for the auditor it serves as an evidence to accounting transactions and for the company it serves as a proof.
<u>Source documents:</u>
Sales tickets, it is the evidence to sales revenue
Telephone bill, it is the evidence to telephone expense
invoice from supplier, it is the evidence to purchases
Bank statement, it is the evidence to 'bank charges like interest expense, interest income.
