If employees come in to start work early, or stay beyond scheduled hours, or come in to work on days off,
a. the extra time put in on the job could be used to re-classify those employees from non-exempt to exempt
b. the extra time put in on the job could qualify those employees for overtime pay
c. under the FLSA, they have volunteered their services for that extra time
d. none of these
B
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Answer the following statements true (T) or false (F)
1. The cash ratio helps to determine a company's ability to meet its short-term obligations. 2. A cash ratio below 1.0 implies that the company has an insufficient amount of cash and cash equivalents to pay current liabilities. 3. A very low cash ratio does not send a strong message to investors and creditors that the company has the ability to repay its short-term debt. 4. The only time the Petty Cash account is used in a journal entry is when the account is established, increased, or decreased.
Identifying the need for a new capital investment is the last step in the six-step process of capital investment analysis
Indicate whether the statement is true or false
In January 2014, Router Mining Corporation purchased a mineral mine for $7,200,000 with removable ore estimated by geological surveys at 4,320,000 tons. The property has an estimated value of $720,000 after the ore has been extracted. Router incurred $2,160,000 of development costs preparing the property for the extraction of ore. During 2014, 540,000 tons were removed and 480,000 tons were sold
For the year ended December 31 . 2014, Router should include what amount of depletion in its cost of goods sold? a. $720,000 b. $810,000 c. $960,000 d. $1,080,000
Fulton Foods employs workers from a labor market composed of 31 percent black workers, 11 percent Hispanic workers, and 2 percent Asian workers. The racial composition of the workers at Fulton Foods is 56 percent white, 30 percent black, 12 percent Hispanic, and 2 percent Asian. Based on these figures, the protected class at Fulton Foods is
A. undercompensated. B. overcompensated. C. underutilized. D. at parity.