Which of the following is true of the Davis-Bacon Act?

A) It states that employees who receive a significant portion of their income from tips are entitled a lower minimum wage from their employer.
B) It requires that a minimum wage of a specified amount be paid to all employees in industries engaged in interstate commerce.
C) It covers all employers engaged in interstate commerce or the production of goods for interstate commerce.
D) It requires that contractors and subcontractors working on government projects pay the prevailing wage.


D

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In calculating residual income, the variable set by top management is called the:

A) average operating assets. B) operating income. C) hurdle rate. D) actual operating assets.

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Your parents are complaining about the price of items today compared to what they cost years ago. If an

automobile that cost $12,000 in 1980 costs $40,000 in 2010, calculate the annual growth rate in the automobile's price. What will be an ideal response?

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A purchase of land in exchange for a long-term note payable must be disclosed as a noncash investing and financing activity.

Answer the following statement true (T) or false (F)

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