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MariettaO [177]
3 years ago
9

Hayim Accardi is the accounting manager for a small, local firm that has full- and part-time staff. How do FLSA guidelines regar

ding working hours apply to Hayim's employees?
Business
1 answer:
lora16 [44]3 years ago
5 0

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.

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Matthew needed money for some unexpected expenses, so he borrowed $2,587.09 from a friend and agreed to repay the loan in three
Snowcat [4.5K]

Answer:

The agreement is offering an implied interest rate of 10.16%.

Explanation:

Matthew borrowed $2,587.09 from his friend, but he will return $2,850, as 950 x 3 = 2,850.

Therefore, there is an excedent of $262.91, which constitutes an implied interest on the payment of the loan.

As 2,587.09 is the 100% of the loan, we have to know the percent that 262.91 represents in order to know the interest rate. We can know it by using a crossed multiplication:

2,587.09 = 100

262.91 = X

(262.91 x 100) / 2,587.09 = X

26,291 / 2,587.09 = X

10.16 = X

Therefore, the implied interest rate in this loan is of 10.16%.

5 0
3 years ago
During 2018, its first year of operations, Pave Construction provides services on account of $142,000. By the end of 2018, cash
Dimas [21]

Answer:

1. Record the adjustment for uncollectible accounts on December 31, 2018.

Dr Bad debt expense 10,250

    Cr Allowance for doubtful accounts 10,250

Allowance for doubtful accounts is a contra asset account that reduces the amount of accounts receivable and has a credit balance.

2. Calculate the net realizable value of accounts receivable.

net realizable value of accounts receivable  = total accounts receivable - allowance for doubtful accounts = $41,000 - $10,250 = $30,750

Explanation:

total services on account $142,000

cash collected $101,000, remaining accounts receivable $41,000

25% of remaining accounts receivable will be uncollectible = $41,000 x 25% = $10,250 in bad debts

5 0
4 years ago
If a 30 % price increase for Product A causes a 10 % decrease in its quantity demanded, but no change in the quantity demanded f
IrinaVladis [17]

Answer:

0

Explanation:

Cross price elasticity of demand measures the responsiveness of quantity demanded of good B to changes in price of good A.

The increase in price of product A has no effect on the quantity demanded of product B. Therefore, the cross price elasticitiy is zero.

I hope my answer helps you

6 0
3 years ago
identify a case/instance in which a business person has acted in a way that is legally wrong, but ethically right.
Sliva [168]

Answer:

john, who was a broker at AP investment, used to avoid under performing and unsuitable products for clients acting in their interests. He was being pushed to sell AP investment's  products than act in client’s interest. He reported the issue to his supervisors and colleagues, that was illegal as per firm’s legal requirements but at the same time it was ethical to act in the best interest of his clients.

Explanation:

An ethical obligation is a requirement to act in accordance with, or to refrain from violating, a recognized standard of right and wrong, whether set out in a professional, or a personal, code of ethics. Some ethical obligations for professional persons, including lawyers and doctors, may also be codified into law.

Legal obligations derive from the law, a system of rules which is applicable to the whole of a particular society, and is enforced through its institutions. The law seeks to facilitate relations between members of society by clarifying their rights and responsibilities, balancing their interests, and regulating the behavior of individuals and groups in accordance with that balance

4 0
3 years ago
You want to buy an annuity that will pay you $1000 per year for 20 years. You find an account that will pay 4% per year, compoun
tresset_1 [31]

Answer:

The amount to be deposited today = $13,590.33

Explanation:

<em>The amount to be paid for the annuity would the sum equal to the present value of the cash flow from the annuity.</em> The present value of an ordinary annuity is determined using the relationship below:

PV of annuity = A× ( (1-(1+r)^(-n) )/r

A- Annual cash flow

r- interest rate per annul

n- Number of years

PV- Present Value of annuity'

DATA

A-1000

r- 4%

n- 20

PV = 1,000 ×( (1 - 1.04^(-20))/0.04 =$13,590.33

The amount to be deposited today = $13,590.33

3 0
3 years ago
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