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Anton [14]
2 years ago
7

True or False: Food Corp., a business with its headquarters and major operations in the United States of America, also has an of

fice overseas in France. Since Food Corp.’s headquarters are in the U.S.A., it is subject to U.S. Federal minimum wage laws in both its office here in the U.S.A. and overseas in France
Business
1 answer:
mote1985 [20]2 years ago
7 0

Answer: False

Explanation:

The Minimum Wages Law is simply referred to as a labour law which entails that employees should be paid a certain amount of minimum wage and shouldn't be paid below that.

We should note that the wages law are different for countries. Thereby the minimum wage law set in USA may be different from that of France.

Therefore, even if Food Corp.’s is subject to U.S. Federal minimum wage laws in its office in the U.S.A, it can't be subjected to U.S. Federal minimum wage laws in overseas in France.

Therefore, the answer is false.

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An investment adviser representative who makes extensive use of third-party research to formulate portfolio recommendations to c
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Zeke's Zipline Adventures sold a bus used in the business for $16,000. Zeke's original cost of the bus was $15,000 and the adjus
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Roll over each factor to read the description. While prediction is imperfect, identify which of the factors below are better sho
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4 0
2 years ago
n addition to these monthly expenses, the company will pay a commission to its salespeople equal to 4% of the sales revenue from
drek231 [11]

Answer:

Selling and Administrative Expense budget for first quarter

Details                                      Jan           Feb       Mar           total

Depreciation                         $6,100      $6,100   $6,100     $18,300

Office staff Salaries              $15,250   $15,250  $15,250  $45,750

Advertising                            $610          $610        $610        $1,830

Executive Salaries                $6,100      $6,100   $6,100     $18,300

miscellaneous                      $305           $305     $305         $915

Commission (sales*3%)       $3,294       $6,423  $5,765     $15,482

Bad Debt Expense              $2,196        $4,282  $3,843     $10,321

(sales * 2%)    

Total                                    $33,855     $39,070  $37,973  $110,898

Sales = bricks * selling price of $9

Explanation:

The question is incomplete. below is a complete questions although the 4% commission is 3% and the 3% bad debt expense is 2% on this question.

Question: Crane & Hill Fabricators produces commemorative bricks that organizations use for fundraising...

Crane & Hill Fabricators produces commemorative bricks that organizations use for fundraising projects. Aaron Crane, the company's vice president of marketing, has prepared the following sales forecast for the first six months of the coming year. The company plans to sell the bricks for $9 each.

January

February

March

April

May

June

12,200

23,790

21,350

29,000

23,000

20,000

Crane & Hill Fabricators' marketing department has identified the following monthly expenses that will be needed to support the company's sales and administrative functions.

Depreciation

$6,100

Sales staff salaries

$15,250

Advertising

$610

Executive salaries

$6,100

Miscellaneous

$305

In addition to these monthly expenses, the company will pay a commission to its salespeople equal to 3% of the sales revenue from each brick sold. The company expects bad debt expense to be 2% of sales revenue.

Prepare Crane & Hill's selling and administrative expense budget for the first quarter of the coming year.

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