A non-exempt employee's usual pay is $800/wk, based on a 40/hr week. This week he works 50/hrs. His regular hourlyrate of pay is ______. His total pay for this week should be _______
a. $800/wk; $800
b. $16/hr; $1100
c. $20/hr; $1000
d. $20/hr; $1100
e. $16/hr; $1040
D
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Assume that the Commerce Department makes a preliminary investigation on imports of furniture by a company and finds evidence of dumping and collects an estimated dumping margin on all imports of that product. On further investigation it is determined that dumping has NOT happened. Then, the special tariff collected is
a. replaced with a permanent tariff, collected from the importer. b. returned partially to the importer. c. retained fully by the Commerce Department. d. rebated to the importer.
Assume a company uses the periodic inventory system and has a beginning merchandise inventory balance of $10,000, purchases of $150,000, and sales of $250,000. The company closes its records once a year on December 31. In the accounting records, the merchandise inventory account would be expected to have a balance on December 31 prior to adjusting and closing entries that was
A) indeterminate. B) less than $5,000. C) more than $5,000. D) equal to $5,000.
Which of the following is defined as--the strength of social norms and the levels of sanctioning within societies?
A. cultural retooling B. cultural strength C. cultural tightness–looseness D. culturally endorsed implicit leadership theory
If a contract varies so much from community standards of commercial morality that it should not be enforced the court will rule the contract is
A) void as it is unconscionable B) void due to duress C) void due to unfairness D) void due to undue influence E) void due to mistake