Child labor laws govern the age, type of job, and hours of work for anyone younger than eighteen years old.
The age, nature, and hours of work for anyone under the age of eighteen are all governed by child labor laws.
What is Child labor law?
The Fair Labor Standards Act of 1938 (FLSA), often known as the child labor laws, authorized the federal child labor rules, which were implemented to guarantee that young people's employment is safe and does not compromise their health, wellbeing, or educational chances.
Additionally, these clauses offer a few exemptions.
Federal child labor laws usually forbid minors under the age of 14 from working in non-agricultural jobs, place restrictions on the hours and types of work that they can undertake under the age of 16, and forbid minors under the age of 18 from working in any dangerous jobs.
Thus Child labor governs the age criteria and working hours for children younger than 18 years of age.
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The aggregate demand curve is negatively sloped due to: a the elasticity effect of an aggregate price level change b the fiscal policy effect c the substitution effect of the aggregate price level change d the wealth effect of an aggregate price level change
Answer:
d. the wealth effect of an aggregate price level change
Explanation:
The aggregate demand curve is negatively sloped due to the wealth effect of an aggregate price level change. The reason is that rise in the aggregate price decreases the purchasing power of the individual and thus, decreases in aggregate demand increases the purchasing power of the individual.
Mccloe Corporation's balance sheet and income statement appear below:
Mccloe Corporation Comparative Balance Sheet Ending Balance Beginning Balance Assets Current assets: Cash and cash equivalents $ 42 $ 35
Accounts receivable 49 54
Inventory 62 54
Total current assets 153 143
Property, plant and equipment 470 440
Less: accumulated depreciation 262 254
Net property, plant, and equipment 208 186
Total assets $361 $329
Liabilities and stockholders' equity Current liabilities:
Accounts payable $ 55 $ 49
Accrued liabilities 28 20
Income taxes payable 49 49
Total current liabilities 132 118
Bonds payable 113 128
Total liabilities 245 246
Stockholders' equity:
Common stock 46 34
Retained earnings 70 49
Total stockholders' equity 116 83
Total liabilities and stockholders' equity $361 $329
Income Statement Sales $433
Cost of goods sold 231
Gross margin 202
Selling and administrative expenses 168
Net operating income 34
Gain on sale of plant and equipment 14 Income before taxes 48 Income taxes 18 Net income $ 30 Cash dividends were $9. The company did not issue any bonds or repurchase any of its own common stock during the year. The net cash provided by (used in) financing activities for the year was: ____________
a) $(12)
b) $(15)
c) $(9)
d) $12
Answer:
a) $(12)
Explanation:
The computation of the net cash provided by (used in) financing activities for the year was shown below:
Cash flow from financing activities
Issuance of the common stock ($46 - $34) $12
Less Redeemed bond payable ($113 - $128) -$15
Less cash dividends -$9
Net cash flow used by financing activities is -$12
Hence, the same is to be considered
Southport Industries has current assets of $900,000 and a current ratio is 2.50. Assume that the company prepays rent for 9 months in the amount of $40,000. The current ratio after this transaction is closest to:
Answer:
2.50
Explanation:
Based on the information given we were told that the current ratio is 2.50 which means that the current ratio after this transaction is closest to: 2.50 reason been that based on the information given Increase in prepaid rent lead to decreae in cash which is why we won't have any change in the current ratio of 2.50
Therefore the current ratio after this transaction is closest to: 2.50
Assume a company has two divisions, A and B. The company’s overall sales, overall contribution margin ratio, common fixed expenses, and net operating income are $500,000, 48%, $50,000, and $10,000, respectively. Division A has a contribution margin of $180,000. If Division B has traceable fixed expenses of $80,000, then what is Division A’s segment margin? Multiple Choice $80,000 $40,000 $20,000 $60,000
Answer:
$60,000
Explanation:
total sales A + B = $500,000
variable expenses = $260,000
combined contribution margin = $240,000
contribution margin A = $180,000
contribution margin B = $60,000
combined segment margins = $60,000 (= -$20,000 + $80,000)
segment margin B = -$20,000
segment margin A = $80,000
common fixed expenses = $50,000
net income = $10,000
The margin available after a segment has covered all of its costs is known as segment margin. The segment profit margin is $60,000 per segment. As a result, option (d) or (iv) is the proper response.
How do you compute segment margin?[tex]\text{total sales A + B} = $500,000\\\text{Variable expenses} = $260,000\\\text{Combined contribution margin} = $240,000\\\text{Contribution margin A} = $180,000\\\text{contribution margin B} = $60,000\\\text{combined segment margins} = $60,000 (= -$20,000 + $80,000)\\\text{segment margin B} = -$20,000\\\text{segment margin A} = $80,000\\\text{common fixed expenses} = $50,000\\\text{net income}= $10,000[/tex]
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If a person buys goods from a minor, he/she holds only voidable title to
those goods. *
True
False
Answer:
True
Explanation:
Vaughn Company made a purchase of merchandise on credit from Ivanhoe Company on August 8, for $8900, terms 2/10, n/30. On August 17, Vaughn makes the appropriate payment to Ivanhoe. The entry on August 17 for Vaughn Company is: Accounts Payable 8900 Purchase Returns and Allowances 178 Cash 8722 Accounts Payable 8900 Cash 8900 Accounts Payable 8722 Cash 8722 Accounts Payable 8900 Inventory 178 Cash 8722
Answer:
Accounts Payable 8900 Inventory 178 Cash 8722
Explanation:
The journal entry is shown below:
Accounts payable $8,900
To inventory $178 ($8,900 × 2%)
To Cash $8,722
(Being the payment is recorded)
Here the account payable is debited as it decreased the liabilities and the inventory and cash is credited as it also decreased the assets
Therefore the last option is correct
Which document gives Congress the power to lay and collect taxes?
O The Bill of Rights
O The Constitution
O The Declaration of Independence
O The Pledge of Allegiance
In 2020, Sunland Corporation incurred research and development costs as follows: Materials and equipment $116000 Personnel 136000 Indirect costs 176000 $428000 These costs relate to a product that will be marketed in 2021. It is estimated that these costs will be recouped by December 31, 2023. The equipment has no alternative future use. What is the amount of research and development costs that should be expensed in 2020
Answer:
$428,000
Explanation:
The amount of research and development costs that should be expensed in 2020 is as calculated below
The amount of research and development costs = Materials and equipment cost + Personnel cost + Indirect costs
The amount of research and development costs = $116,000 + $136,000 + $176,000
The amount of research and development costs = $428,000
Shellhammer Company's inventory records show the following data for the month of September: Units Unit Cost Inventory, September 1 100 $3.34 Purchases: September 8 450 3.50 September 18 350 3.70 A physical inventory on September 30 shows 200 units on hand. Calculate the value of the ending inventory and cost of goods sold if the company uses weighted average inventory costing and a periodic inventory system. (Round
Answer:
Shellhammer Company
Ending inventory = $712
Cost of goods sold = $2,492
Explanation:
a) Data and Calculations:
Date Item Units Unit Cost Total Cost
September 1 Inventory 100 $3.34 $334.00
September 8 Purchases 450 3.50 1,575.00
September 18 Purchases 350 3.70 1,295.00
September 30 Total 900 $3,204.00
Ending inventory 200
Cost of goods sold 700
Weighted Average cost = Total cost of goods available for sale/Total units available for sale
= $3,204/900 = $3.56
Value of Ending Inventory = $3.56 * 200 = $712
Value of Cost of goods sold = $3.56 * 700 = $2,492
b) The weighted average inventory costing, under the period inventory system, used by Shellhammer is an assumption that the costs attributable to ending inventory and cost of goods sold are determined from the average cost per unit and that these the average cost is ascertained at the end of the period. Therefore, the cost of beginning inventory and purchases are accumulated and divided by the units of goods available for sale.
Which of the following taxes would be deducted in determining an employee's net pay?
a. FUTA taxes
b. all are correct
c. FICA taxes
d. SUTA taxes
Answer:
c. FICA taxes
Explanation:
The FICA taxes are the taxes that contributed in the federal insurance and the same is deducted from the income also the benefits would also received in this. The benefits could be in terms of social security, medicare, retirement benefits
Therefore as per the given options, the option C is to be selected
Hence, all the other options would be ignored
What type of mortgage requires fixed monthly interest payments for 3 to 5 years whereupon full payment of the mortgage principal is due?
Answer:
Balloon Payment Mortgages
Explanation:
Mortgages are simply loans to persons or businesses to get/purchase homes, land, or other real property.
A balloon payment mortgage is a a type of mortgage known for its ability to not fully amortize over the term of the note, thereby leaving a balance due at maturity. Its last or final payment is called a balloon payment because of its notable large size. This type of mortgages are more more common in commercial real estate than in residential real estate. the above statement of it that it require fixed monthly interest payments for 3 to 5 years whereupon full payment of the mortgage principal is due is correct.
________________________ is revolutionizing how businesses operate factories or maintain equipment. Imagine an engine on an aircraft detecting an issue via sensors, self-diagnosing the issue, and sending a signal to both pilots and a command center to request a fix or even performing the fix on itself. Group of answer choices Internet of Things Business Process Modeling Tools Order Management Systems Enterprise Resource Planning Systems
Answer: Internet of Things.
Explanation:
Internet of Things relates to how physical objects are now being equipped with software, sensors and every other forms of technologies so that it will aid the sharing and communication of data with other devices over the internet.
Therefore, internet of things is revolutionizing how businesses operate factories or maintain equipment.
You want to have $500,000 in today's (real) dollars when you retire in 40 years. The expected inflation rate is 1.1% and the nominal return on your investments is 6.5%. How much money do you have to save now if you can't make any additional deposits?
Answer:
Initial deposit= $62,378.07
Explanation:
First, we need to calculate the nominal value of $500,000 in 40 years:
Future Value= PV*(1+r)^n
r= inflation rate
FV= 500,000*(1.011^40)
FV= $774,490.74
Now, the initial deposit (PV) to be made in the present:
PV= FV/(1+i)^n
i= interest rate
PV= 774,490.74 / (1.065^40)
PV= $62,378.07
sold parts to a Korean customer on December 16, 2021, with payment of 20 million Korean won to be received on January 15, 2022. The following exchange rates applied: Date Spot Rate Forward Rate to Jan.15 December 16, 2021 $ 0.00082 $ 0.00089 December 31, 2021 0.00080 0.00083 January 15, 2022 0.00086 0.00086 Assuming a forward contract was entered into on December 16, at what amount should the forward contract be recorded at December 31, 2021
Answer:
the amount of the forward contract be recorded is $1,188
Explanation:
The computation of the amount of the forward contract be recorded is shown below
= (Forward rate as on Dec 16 - forward rate as on Dec 31) × Payment amount × present value of one month at 12%
= ($0.00089 - $0.00083) × $20,000,000 × 0.9901
= $0.00006 × $20,000,000 × 0.9901
= $1,200 × 0.9901
= $1,188
Hence, the amount of the forward contract be recorded is $1,188
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Assume a company has $250 in its petty cash fund. It expends $175 as follows: $100 for delivery expenses, $40 for postage, $35 for office supplies. There is $75 of cash remaining in the fund after these disbursements. The journal entry to replenish the petty cash fund includes
Answer:
the journal entry to record petty cash expenses should be:
Dr Delivery expenses 100
Dr Postage expenses 40
Dr Office supplies expenses 35
Cr Cash 175
Explanation:
When money is missing in a petty cash fund, e.g. imagine it was $2 short, you can use the cash short and over account which is used to balance minor differences.
Why is it important for legal service workers to be fair and ethical?
(the blue highlighted one)
How do i get as much mony as bill gates todey?
Answer:
be very famous
Explanation:
A one year call option has a strike price of 50, expires in 6 months, and has a price of $4.74. If the risk free rate is 3%, and the current stock price is $45, what should the corresponding put be worth?
A) $12.74.
B) $10.48.
C) $5.00.
D) $9.00.
E) $8.30.
Answer:
$9.90
Explanation:
Using Put Call Parity Equation:
C + X/(1 + r)^t + S + P
Call price + PV of exercise price = Spot price + Put price
4.74 + 50/(1.03)^0.30 = 45 + P
4.74 + 50/1.00891 = 45 + P
4.74 + 49.5584 = 45 + P
P = 4.74 + 49.5584 - 45
P = 9.2984
P = $9.90
Thus, the Price of Put Option with $50 exercise price = $9.90
So this is a personal problem please help
So...I knew this girl for about 6-8 years and we been doing everything together but Yesterday I found out she was talking behind my back and I don’t know what to do I know I should not talk to her anymore or be friends but she doesn’t know I know that she was talking behind my back how do I tell her????
Answer:
ask her why
Explanation:
because friend will do somthing for a reason
Business opportunities that promise big money for work-at-home ventures like stuffing envelopes are usually
scams.
True
False
Concord Corporation issued 8000 shares of stock at a stated value of $10/share. The total issue of stock sold for $15/share. The journal entry to record this transaction would include a:_____.
a. credit to Common Stock for $120000.
b. credit to Paid-in Capital in Excess of Par Value for $40000.
c. debit to Cash for $80000.
d. credit to Common Stock for $80000.
Answer:
d. credit to Common Stock for $80,000
Explanation:
Based on the information given we were told that the 8000 shares of stock at a stated value of $10 per share was issued by the corporation which means that The journal entry to record this transaction would include a:
Credit to Common Stock for $80,000
Calculated as:
Common Stock = 8000 shares*$10 per share
Common Stock=$80,000
HELP YALL PLEASE: A videogame company is losing market share because it falls to launch new product features in a timely manner. Decisions are centralized at the
top, and employees have little or no volce. One way to solve this problem is to use teams to eliminate
In the______
company
Orlando Company, which applies overhead to production on the basis of machine hours, reported the following data for the period just ended: Actual units produced: 12,000 Actual variable overhead incurred: $77,700 Actual machine hours worked: 18,800 Standard variable overhead cost per machine hour: $4.50 If Orlando estimates 1.5 hours to manufacture a completed unit, the company's variable-overhead spending variance is:
Answer:
$37,600 favorable
Explanation:
Variable overhead spending variance can be computed as;
= (Actual hours worked × Actual variable overhead rate) - ( Actual hours worked - Standard variable overhead rate)
= ( 18,800 hours × $77,700/12,000) - (18,800 hours × $4.5)
= [(18,800 × $6.5) - (18,800 × $4.5)]
= $122,200 - $84,600
= $37,600 favorable
Which employee role is directly accountable to ensure that employees are implementing security policies consistently
Answer: Information Technology
Explanation:
The employee role is directly accountable to ensure that employees are implementing security policies consistently is the information technology staff.
Such individual implements and also maintains security policies, procedures, and standards. The Information Technology staff gives the necessary mechanisms that will be required to enhance the security program.
The following data are available relating to the performance of Long Horn Stock Fund and the market portfolio:
Long Horn Market Portfolio
Average return 19 % 12 %
Standard deviations of returns 35 % 15 %
Beta 1.5 1.0
Residual standard deviation 3.0 % 0.0 %
The risk-free return during the sample period was 6%.
What is the Treynor measure of performance evaluation for Long Horn Stock Fund?
a. 0.0133
b. 0.04
c. 0.0867
d. 0.3143
e. 0.3714
Answer: c. 0.0867
Explanation:
Treynor measure for Long Horn Stock Fund;
= (Average return - Risk-free return) / Beta
= (19% - 6%) / 1.5
= 0.08666667
= 0.0867
If a firm pursues a strategic alliance in order to reduce industry overcapacity, that firm most likely operates in what type of market
Answer:
Standard cycle
Explanation:
If a firm pursues a strategic alliance in order to reduce industry overcapacity, that firm most likely operates in what type of market
________ measures the percentage of individuals in a defined target market who are exposed to an ad during a specified time period.
Answer:
Reach
Explanation:
Marketing reach is a metric used by sellers to estimate the portion of the target market that have been exposed to their adverts.
This is an important metric that shows how effective marketing efforts are, it also indicates wether more effort should be put into advertising to increase the reach.
Reach is calculated by dividing impressions by frequency.
Impression is the total number of times an advert is displayed while frequency is the number of times it is viewed.
Flanders Manufacturing is considering purchasing a new machine that will reduce unit variable costs by $0.15. The new machine will increase annual fixed costs by $18,250. Before purchasing the new machine, sales volume is 216,000 units, the unit selling price is $2.15, the unit variable cost is $1.75, and total fixed costs are $56,000. What will be the impact on net operating income if Flanders purchases the new machine
Answer:
Effect on income= $14,150 increase
Explanation:
Giving the following information:
Unitary variable cost reduction= $0.15
Increase in fixed cost= $18,250
Before purchasing the new machine, sales volume is 216,000 units.
To calculate the effect on income, we need to determine the total decrease in variable cost:
Total decrease in variable cost= 0.15*216,000= $32,400
Now, the effect on income:
Effect on income= 32,400 - 18,250
Effect on income= $14,150 increase
When long-term interest rates are higher than short-term rates, as they were in 2010, it:_________.
a. implies that inflation will fall.
b. has no implication for short-term interest rates.
c. implies that short-term interest rates are expected to rise.
d. implies that short-term interest rates are expected to fall.
Answer: c. implies that short-term interest rates are expected to rise.
Explanation:
If long term rates are higher than short term rates, people will expect short term rates to rise so that they may eventually reach the long term rates as time goes on.
This expectation will lead to a rise in short term rates as people take actions that will try to capitalize on the rates rising.
Your friend Aleksei is going through a difficult time. His partner left him and his company just announced there will be a large round of layoffs in his department. You stop at Aleksei's apartment after work one evening and notice that he is gulping coffee and chain-smoking cigarettes. He explains that the stress is getting to him and that he's had trouble sleeping. What advice can you give Aleksei
The advice can you give Aleksei Study a book. On your computer or phone, download the "calm" app (rain, nature sounds). Take a stroll. Take up yoga. Play music, sing along with the lyrics, or dance. Relax in a hot bath. Close your eyes and take a seat quietly. Turn on a scented candle.
What stress means?Any type of change that causes physical, emotional, or psychological strain is referred to as stress. Your body reacts to anything that demands attention or action by causing stress. Stress affects everyone to some extent.
An emotion or physical tension is referred to as stress. It can be caused by anything that frustrates, enrages, or unnerves you in your thoughts or experiences. A challenge or demand causes your body to experience stress. When it serves to keep you safe or help you meet a deadline, stress can be beneficial in short bursts.
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