Employees whose compensation is calculated on the basis of weekly, biweekly, or monthly periods are classified as
A. salaried employees.
B. hourly employees.
C. management employees.
D. white-collar employees.
Answer: A
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The following data is given for the Zoyza Company: Budgeted production 26,000 units Actual production 27,500 units Materials: Standard price per ounce $6.50 Standard ounces per completed unit 8 Actual ounces purchased and used in production 228,000 Actual price paid for materials $1,504,800 Labor: Standard hourly labor rate $22 per hour Standard hours allowed per completed unit 6.6 Actual labor
hours worked 183,000 Actual total labor costs $4,020,000 Overhead: Actual and budgeted fixed overhead $1,029,600 Standard variable overhead rate $24.50 per standard labor hour Actual variable overhead costs $4,520,000 Overhead is applied on standard labor hours. The factory overhead controllable variance is: A) 73,250F B) 73,250U C) 59,400F D) 59,400U
Mason bought a rotisserie in preparation for a party he was planning. When he put a chicken on the rotisserie, it would not rotate, but stayed in one position where it burned the chicken on one side and left it raw on the other. When he returned the rotisserie to the store, the salesperson disclaimed any responsibility because he had never told Mason the rotisserie would rotate the food as it
cooked. Does Mason have any recourse? a. No, the salesperson did not make any express warranties. b. Yes, the salesperson made an express warranty just by selling the goods. c. Yes, although the salesperson did not make any express warranties, the UCC imposes an express warranty on the sale. d. Yes, although the salesperson did not make any express warranties, the UCC imposes an implied warranty of merchantability under which the rotisserie is guaranteed to be fit for the ordinary purposes for which it is used.
Since receivables and payables both result from sales transactions, a firm with a high receivables-to-sales ratio must also have a high payables-to-sales ratio.
Answer the following statement true (T) or false (F)
Alice Barker's home on two acres of land is located in an area where the state has proposed construction of a freeway off-ramp. The state has offered Alice $200,000 for her property. Alice believes the market value is $375,000. Alice has the following
questions she would like you to answer. a. Can the state take her land? b. Does she have a way to present what she believes the value to be? c. Where can she find the law applicable to this proposed action by the state?