Willow Producers is a manufacturing company based in Iowa. The employees of Willow Products are paid the lowest amount under federal or state law, which is stated as an amount of pay per hour. Which law is the organization abiding by in this scenario?
A. Fair Labor Standards Act (FLSA) of minimum wage
B. product market laws
C. Fair Labor Standards Act (FLSA) of overtime
D. laws governing equal employment opportunity
E. laws governing prevailing wages
Answer: A
You might also like to view...
No attempt is made to estimate bad debts expense under the allowance method of accounting for uncollectible accounts receivable.
Answer the following statement true (T) or false (F)
After all closing entries have been posted, which of the following accounts is most likely to have a nonzero balance?
a. Income Summary b. Wages Payable c. Interest Expense d. Service Revenue
Which of the following statements best defines a surety?
A. A person who is not liable for the payment of a principal's debts B. A person who is not entitled to be reimbursed by the principal C. A person who makes a separate promise to be liable for the payment of a principal's debts D. A person who is liable for the performance of another person's duty
Answer the following statements true (T) or false (F)
Most firms elected to define funds in the statement of changes in financial position as cash.