What legislation created a national minimum wage, mandatory overtime premium for qualified workers, and restrictions on child labor?

A. Equal Pay Act
B. Civil Rights Act
C. Employee Retirement Income Security Act
D. Fair Labor Standards Act


D. Fair Labor Standards Act

Business

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A(n) ______________________________ is an external request for the purchase of goods or services from a vendor

Fill in the blank(s) with correct word

Business

Exhibit 8-3 The J. Love Company uses a periodic inventory accounting system and values its inventory by using the lower of cost or market rule. The allowance method is used in applying the lower of cost or market rule. The company adjusts and closes its books annually on December 31. Below are the cost and market values of the company's year-end inventories for a three-year period: Date Cost

Market December 31, 2016 $70,000 $70,000 December 31, 2017 56,000 46,000 December 31, 2018 64,000 58,000 ? ? Refer to Exhibit 8-3. Which of the following journal entries would be correct as of December 31, 2018, to apply the lower of cost or market rule? A) Inventory 58,000Income Summary 58,000 B) Loss Due to Market Valuation 6,000Allowance to Reduce Inventoryto Market 6,000 C) Allowance to Reduce Inventory to Market 4,000Loss Recovery Due to Market Valuation 4,000 D) Cost of Goods Sold 6,000Allowance to Reduce Inventoryto Market 6,000

Business

Under the periodic inventory system, the cost of goods sold account is debited and the purchases account is credited at the same time a sale is recorded

Indicate whether the statement is true or false

Business

________ is the science of using psychology and demographics to better understand consumers

A) Psychographics B) Interactionism C) Clustering D) Demographic transition E) Customerization

Business