How does the tipped minimum wage differ from the FLSA minimum wage?
What will be an ideal response?
The FLSA tipped minimum wage is $2.13 per hour, and the FLSA minimum wage is $7.25 per hour. It should be noted that the minimum wage for both tipped and FLSA employees may vary per state.
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Cash generated from operating activities may be computed and reported using
a. the direct method only. b. the indirect method only. c. either the direct and indirect methods. d. the combination method.
The majority of bloggers cite ______ as the primary reason for maintaining a blog.
a. expressing themselves creatively b. documenting personal experiences c. sharing personal experiences d. posting expressions
According to the punctuated equilibrium model, teams should focus on task strategy at:
a. The beginning of the team’s development b. The midpoint crisis c. Continually, as members work together d. The storming stage
Marian Corporation has two separate divisions that operate as profit centers. The following information is available for the most recent year: Black Division Navy Division Sales (net) $200,000 $400,000 Salary expense 28,000 48,000 Cost of goods sold 100,000 159,000 The Black Division occupies 20,000 square feet in the plant. The Navy Division occupies 30,000 square feet. Rent is an indirect expense and is allocated based on square footage. Rent expense for the year was $50,000. Compute departmental income for the Black and Navy Divisions, respectively.
A. $52,000; $163,000. B. $72,000; $193,000. C. $100,000; $241,000. D. $172,000; $352,000. E. $72,000; $163,000.