Answer:
The correct answer is D.John is considered as an exempt employee.
Explanation:
Some employees are exempt from overtime pay provisions, even when they are covered by other FLSA provisions. Although the actual determination of the exempt and non-exempt status is complex, exempt employees usually meet three tests: payments greater than US $ 455 per week, receive a salary instead of an hourly rate and perform a job in an exempt category listed by the US Department of Labor. Exempt categories include supervisors, managers, professional services and some administrative jobs.
Answer: 9.25%
Explanation:
Risk free rate, Rf = 5% = 0.05
We then subtract the risk free rate of 5% from the expected date of return on market portfolio of 10%. This will be:
= 10% - 5% = 5%
Beta = 0.85
Required return will now be:
= Rf + (Rm-Rf) x Beta
= 5% + (5% × 0.85)
= 5% + 4.25%
= 9.25%
Answer: increase by less than $1000.
Explanation:
It should be noted that when the government levies a $1,000 tax per boat on sellers of boats, then this will lead to the supply curve shifting upward by $1000.
Due to the tax imposed, there'll be an increase in the price that a buyer will pay for the boat. In this case, the buyer and the seller will share the burden of the tax. Hence, there'll be na increase in the price for the boat by less than $1000.