Explain the term "workweek"
The term workweek has special significance under the Fair Labor Standards Act. Workweek is a term the FLSA uses to signify seven consecutive days; the law does not require that the workweek start or end on any particular day of the calendar week?
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Chase Company rents space to a tenant for $3100 per month. The tenant currently owes rent for November and December. The tenant has agreed to pay the November, December, and January rents in full on January 15 and has agreed not to fall behind again. The adjusting entry needed on December 31 is:
A. Debit Rent Receivable, $6200; credit Rent Earned, $6200. B. Debit Rent Receivable, $9300; credit Rent Earned, $9300. C. Debit Unearned Rent, $6200; credit Rent Earned, $6200. D. Debit Rent Receivable, $3100; credit Rent Earned, $3100. E. Debit Unearned Rent, $3100; credit Rent Earned, $3100.
As more developed markets stagnate and become increasingly competitive, many marketers are now targeting growth opportunities in emerging markets
Indicate whether the statement is true or false
A company's income before interest expense and taxes is $250,000 and its interest expense is $100,000. Its times interest earned ratio is 2.5.
Answer the following statement true (T) or false (F)
Which of the following statements, if made by a seller who knows the statement to be untruthful, would NOT be misrepresentation of material fact resulting in a cause of action for fraud?
a. "This horse is only six years old." b. "There is no better car in the world." c. "The tires have less than 5,000 miles on them." d. "This car gets 28 miles per gallon. "