Lacie Bingham, an outside sales representative for Redoo Insurance, receives 4 percent commission on all new policies she receives in her sales territory. During the pay period ending April 16, she sold $150,000 of new policies and worked 40 hours.
a. What is her gross pay?
b. Is she subject to minimum wage laws?
c. Why or why not?
What will be an ideal response?
a. $6,000
b. No
c. Since Lacie is an outside sales representative, she is exempt from minimum wage regulations under FLSA
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In a perpetual inventory system, the Merchandise Inventory account is only used to reflect the beginning inventory
Indicate whether the statement is true or false
How should the entry for the Newspaper decision variable be interpreted?
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In the landmark case ________, The court held that an injured consumer could recover damages
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