Answer:
The laws are:
1.The Davis-Bacon Act of 1931
2.Walsh-Healey Act of 1936
3.Fair Labor Standards Act of 1938 (FSLA)
Explanation:
1. The Davis-Bacon Act of 1931 federal law makes it mandatory that on-site workers receive certain wages, benefits, and overtime sets the minimum wage for federal government construction contracts that are above $2,000.
2. Walsh-Healey Act of 1936 : establishes the minimum wage for federal government construction contracts that are above $15,000 and involve the manufacturing of materials, supplies and equipment.
3. Fair Labor Standards Act of 1938: sets the federal minimum wage that applies in all the country, and other regulation when people work over 40 hours a week.
Answer:
Future Value= $10,000
N=13*2=26
YTM=4.7/2=2.35
PMT=0
PV=?
Enter these in a financial calculator
$5,466.59
Explanation:
Answer:
Ending Inventory $ 64,000
Explanation:
To define the final inventory of the company it's necessary to find the cost of good of the period.
As the company had a 43% of gross profit, it means that for every dollar of sales we have 0,43 dollar of Gross Profit, with this value is possible to know the total cost of the goods sold during the period, that it's the difference between Sales Revenue and Gross Profit.
Total Sales Revenue had to be the net value after returns and discounts as it's detailed.
Income Statement
Sales revenue $ 300,000
Cost of goods sold -$ 171,000
Gross Profit $ 129,000 43%
Beginning Inventory $ 60,000
Purchases $ 175,000
Cost of goods sold -$ 171,000
Ending Inventory $ 64,000
Answer:
Increase liabilities and decrease equity by $2,000
Explanation:
The journal entry to record accrued interest is shown below:
Interest Expense a/c Dr. $2,000
To Interest Payable $2,000
(Being Interest accrued is recorded)
For recording this we debited the interest expense as it decreased the equity and credited the interest payable as it increased the liabilities
The computation is shown below:
= $40,000 × 12% × 5 months ÷ 12 months
= $2,000
The 5 months is taken from August 1 to December 31
Answer:
B. No, because for any bonus offered, the worker will claim to have exerted high effort.
Explanation:
This question required some basic reasoning about how human beings function. We all like to receive things from others, and if they are free (or without cost or effort) the more we like them. And we all believe that good things should happen to us and that we are entitled to receive good things. That is the basic reason why jealousy and envy exist.
Now, back to our case. If the company simply hands out bonuses to everyone regardless of their personal effort, every single worker will be convinced that they really deserve the bonus. Even if the worker didn't even try to do his best or didn't do anything right at all, he/she will be convinced that they deserve the bonus. Each and every single worker will claim that the reason they are receiving the bonus is due to their work. Everyone will say that they worked hard and their work was good.
Imagine this happened at school. One day, the teacher decides to give As to half the class in alphabetical order (or any other random way). The half that got the As will believe that they deserved the As while the other half will be very unhappy. If everyone got As, then everyone will be convinced that thy got As because they deserved them.