Ilsa works as a clerk for Java Café at minimum wage. The minimum-wage rate is revised
A. annually, according to the rate of inflation.
B. every seven years, according to changes in the cost of living.
C. periodically by Congress.
D. whenever the president issues an executive order to revise the rate.
Answer: C
You might also like to view...
Individuals displaying the five major leadership traits outlined in the text ______.
A. are leaders in their workplace B. are beloved by their followers C. may be leaders in their workplace D. also display dominance in their workplace
Describe fixed costs and variable costs. Give one example of each type of cost.
What will be an ideal response?
Assume that the custodian of a $450 petty cash fund has $56.30 in coins and currency plus $389.00 in receipts at the end of the month. The entry to replenish the petty cash fund will include:
A. A credit to Cash Over and Short for $4.70. B. A debit to Cash for $393.70. C. A credit to Cash for $393.70. D. A debit to Petty Cash for $389.00. E. A debit to Cash for $384.30.
The account Unrealized Loss on Temporary Investments in Stock should be included in the
A) Income statement B) Balance sheet as an addition to Temporary Investments in Stock C) Balance sheet as a deduction in Stockholders' Equity D) Statement of Retained Earnings