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Dennis_Churaev [7]
3 years ago
15

Under the Fair Labor Standards Act (FLSA), the overtime pay for workers is a rate that is lower than the minimum wage. decided b

y the employer after mutual consent and agreement with the workers. a rate that is equal to the employer's regular rate of revenues. variable depending upon the particular job involved. a rate not less than one and one-half times the employee's regular rate of pay.
Business
1 answer:
bezimeni [28]3 years ago
4 0

Answer:

a rate not less than one and one-half times the employee's regular rate of pay.

Explanation:

An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.

The Fair Labor Standards Act is a labor law of the United States of America that was authored by Ellen C. Kearns. This labor law is applicable to all employees working in the private sector, local, state and federal government agencies or civil service. It was first published in 1938 and has since then be amended on several occasions.

All of the following were addressed by the Fair Labor Standards Act (FLSA):

I. Minimum wage.

II. Restrictions on child labor.

III. Overtime pay.

An overtime pay can be defined as an amount of money that is earned by an employee for working extra hours above the normal work period or working hours.

Under the Fair Labor Standards Act (FLSA), the overtime pay for workers is a rate that shouldn't be less than one and one-half times the regular rate of pay being received by an employee.

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An author just signed a lucrative contract with a publisher that offers to pay her the amount of $500 at the end of year 9 when
solong [7]

Answer:

Ans. The annuity that will be equivalent to the publisher´s advance would be $26.40 per year, for 9 years at 7% interest rate.

Explanation:

Hi, first, let´s bring that $500 to be paid in 9 years to present value, we need to use the following formula.

PresentValue=\frac{FutureValue}{(1+r)^{n} }

Where: r is our discount rate (7%) and n the periods from now when she will receive that $500 amount. This should look like this.

PresentValue=\frac{500}{(1+0.07)^{9} } =271.97

Ok, so the equivalent amount of money today of those $500 in nine years is $271.97, but the author wants $100 today so the remaining amount has to be used to find the equal annual payments to be made in order to be equivalent to re remaining balance ($171.97). We now need to use the following equation.

Present Value=\frac{A((1+r)^{n}-1 )}{r(1+r)^{n} }

And we solve for "A" like this

171.97=\frac{A((1+0.07)^{9}-1 )}{0.07(1+0.07)^{9} }

171.97=\frac{A(0.838459212 )}{0.128692145}

171.97=A(6.515232249)

A=\frac{171.97}{6.515232249} = 26.40

Therefore, the equivalent amount of money of $500 in 9 years is $100 today and $26.40 every year, at the end of the year, for nine years.

Best of luck.

4 0
3 years ago
When supply increases, the supply curve
MariettaO [177]

When supply increases, the supply curve  shifts to the right.

<h3>What is the supply curve?</h3>

This is the curve that is used to show the amount of goods that the producers would be able to make available for the market at a particular price. The supply curve shifts to the right when there is an increase in supply in the economy.

Hence this answers our question by saying that When supply increases, the supply curve  shifts to the right.

Read more on supply curve here: brainly.com/question/11717727

#SPJ1

5 0
1 year ago
Variable Costing—Production Exceeds Sales Fixed manufacturing costs are $44 per unit, and variable manufacturing costs are $100
Soloha48 [4]

Answer:

a. The variable costing operating income is less than absorption costing operating income.

b. The difference in variable costing and absorption costing operating income is:

= $739,200.

Explanation:

a) Data and Calculations:

Fixed manufacturing costs per unit = $44

Variable manufacturing costs per unit = $100

Production units =  67,200

Sales units =          50,400

Ending inventory = 16,800

Income Statements             Variable        Absorption

                                             Costing           Costing

Costs of goods sold:        $5,040,000   $7,257,600

Fixed expenses                  2,956,800

Total costs                        $7,996,800   $7,257,600   $739,200

b) The difference in variable costing and absorption costing operating income is because of the absorbed fixed costs in ending inventory, which is now carried forward to the next accounting period.

4 0
2 years ago
The 1,000 accounts receivable of Baker Company have a total book value of $30,000 (Average book value = $30). Wendy Duffo, CPA,
Lyrx [107]

Answer:

B) $29,500

Explanation:

If we are going to use the mean per unit sampling to estimate the total audited value all we have to do is multiply the total number of accounts by the mean audited value of the sample (50 accounts):

total estimated audited value = 1,000 accounts x $29.50 per account

total estimated audited value = $29,500

7 0
3 years ago
On April 31, 2018, Elkhorn Associates borrowed $10 million cash from Colonial Bank and issued a 5-month, noninterest-bearing not
Nady [450]

Answer:

b. Less than the effective interest rate

Explanation:

The stated discount rate on this loan is Less than the effective interest rate

As the note is noninterest-bearing note, the stated discount rate on this loan is less than the effective interest rate.

4 0
3 years ago
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