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Sunny_sXe [5.5K]
3 years ago
9

An administrative (office) employee earns an annual salary which, when divided by total hours worked during the year, is the equ

ivalent of $6.68/hour.
a) Compliant
b) Noncompliant
Business
1 answer:
Sati [7]3 years ago
5 0

Answer: b) Noncompliant

Explanation:

This question is in relation to the compliance with minimum wage laws in the United States.

The federal minimum wage is $7.25 per hour and yet this administrative employee is earning only $6.68/hour. This company is therefore not compliant with minimum wage laws.

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When the share of individual income tax collected by the government from people with higher incomes is smaller than the share of
Fynjy0 [20]

Answer:

Regressive tax

Explanation:

This is an example of a regressive tax because the regressive tax is those tax that impacts more on the lower-income groups as compared to the higher income. While the progressive taxes are imposed on the basis of the income that means higher the income, higher the taxes. Secondly, the proportional taxes are a flat tax that remains flat irrespective of the income. While in the case of optional tax, there are some rebates or benefits is given to a certain income group of people. Therefore, from all the given options, the option regressive tax is correct.

5 0
3 years ago
A consumer products company competes around the world primarily by customizing or differentiating its products to meet unique lo
Alborosie

A consumer products company competes around the world primarily by customizing or differentiating its products to meet unique local needs, tastes, or preferences. the company is using a multidomestic strategy.

A multidomestic strategy is an international marketing approach. This approach focuses more on advertising and commerical efforts rather than gaining the global support from consumers. They focus their product and adjust it to the country they're in rather than just globally at once.

3 0
3 years ago
In​ 2019, Chen Corporation purchased treasury stock with a cost of $ 54 comma 000. During the​ year, the company declared and pa
madam [21]

Answer:

Chen Corporation's Net Cash Flows from Financing Activities during the year are $836,000

Explanation:

Cashflows from Financing Activities

Payment made to purchase treasury stock during the year            $(54,000)

Dividends declared and paid during the year                                   $(10,000)

Proceeds received from issue of Bonds Payable during the year  $900,000  

Net Cash flow from Financing Activities                                         $836,000  

*Please note that figures in brackets represent Cash Outflows

3 0
3 years ago
Following are financial statement numbers and ratios for CVS Health Corporation for the year ended December 31, 2016. 2016 Total
77julia77 [94]

Answer:

The correct option is B,$6,710 million

Explanation:

First and foremost,one needs to be aware that net operating profit margin(NOPM) of 3.6% was computed  by dividing operating profit after tax by  the total revenue for 2016,hence we use same formula to determine the net operating profit after tax for 2017 by merely changing the subject of the formula.

NOPM=net operating profit after/total revenue

net operating profit after tax=NOPM*total revenue

NOPM remains at 3.6%

total revenue for 2017=total revenue for 2016*(1+growth rate)

total revenue for 2016 is $177,526 million

growth rate is 5%

total revenue for 2017= $177,526*(1+5%)=$ 186,402.30  million

Net operating profit after tax= 186,402.30 *3.6%=$ 6,710.48  million

Approximately $6710 million

8 0
3 years ago
A _____ chart shows individual figures at a specific time, or shows variations between components but not in relation to the who
Yanka [14]

Answer:

Bar chart

Explanation:

A bar chart can as well be regarded case a "bar graph", it can be explained as a chart/graph that gives the representation of categorical data as a

rectangular bars, where the height of the rectangular bars will equal to the data values they are representing. This bars could be horizontally or vertically plotted. It should be noted that bar chart shows individual figures at a specific time, or shows variations between components but not in relation to the whole.

4 0
3 years ago
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