According to the Fair Labor Standards Act (FLSA) in the United States, there are specific regulations regarding the employment of minors. The FLSA sets guidelines to protect the rights and well-being of workers, particularly those who are underage.
Under the FLSA, there are different age groups that determine the types of jobs and working conditions minors are allowed to engage in. One particular provision relates to manufacturing jobs and the hazardous nature of the work.
Minors who fall under the age group of 16 and 17 years old are permitted to work in non-hazardous manufacturing jobs. These jobs refer to positions in manufacturing facilities that do not involve activities deemed hazardous or harmful to the minor's health or safety. The FLSA defines hazardous occupations separately and imposes stricter regulations for jobs considered dangerous or potentially harmful.
It's important to note that even though 16- and 17-year-olds may be allowed to work in non-hazardous manufacturing jobs, there are still restrictions in place to ensure their well-being. These restrictions include limitations on the number of hours worked, restrictions on overnight shifts, and requirements for parental consent or work permits, depending on state laws.
Employers are responsible for complying with the FLSA regulations and ensuring that minors are not exposed to hazardous work conditions. By adhering to these guidelines, employers help protect the rights of young workers and maintain a safe and fair working environment.
It's essential for both employers and minors to familiarize themselves with the specific provisions outlined in the FLSA and consult the U.S. Department of Labor or local labor authorities to ensure compliance with all relevant regulations pertaining to the employment of minors in manufacturing jobs.
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Cycle Wholesaling sold merchandise on account, with terms n/60, to Sarah's Cycles on February 1 for $1,250 (cost of goods sold of $725). On February 9, Sarah's Cycles returned to Cycle Wholesaling one-quarter of the merchandise from February 1 (cost of goods returned was $195). Cycle Wholesaling uses a perpetual inventory system, and it allows returns only within 15 days of initial sale. Required:
Answer:
1. 1-Feb
Dr Accounts receivable 1,250
Cr Sales revenue 1,250
2 . 1-Feb
Dr Cost of goods sold 725
Cr Inventory 725
3. 9-Feb
Dr Sales revenue 312.50
Cr Accounts Receivable 312.50
4. 9-Feb
Dr inventory 195
Cr Cost of goods sold 195
5. 2-Mar
Dr Cash 937.50
Cr Accounts receivable 937.50
B. Gross profit percentage=43.47%
Explanation:
A. Preparation of the journal entries to record sales , goods return on February 9 and Cash collected on March 2
1 to 3 Preparation of the journal entries to record sales
1. 1-Feb
Dr Accounts receivable 1,250
Cr Sales revenue 1,250
2 . 1-Feb
Dr Cost of goods sold 725
Cr Inventory 725
3. 9-Feb
Dr Sales revenue 312.50
Cr Accounts Receivable 312.50
(1/4*1,250)
4. Preparation of the journal entry to record goods return on February 9
9-Feb
Dr inventory 195
Cr Cost of goods sold 195
5. Preparation of the journal entry to record collected on March 2
2-Mar
Dr Cash 937.50
Cr Accounts receivable 937.50
(1,250-312.50)
B. Calculation for the gross profit percentage for sales to Sarah's Cycles
First step is to find the gross profit
Net sales 937.50
Less Cost of goods sold (530)
(725-195 )
Gross profit 407.50
Now let calculate the Gross profit percentage using this formula
Gross profit percentage = Gross profit/Sales
Let plug in the formula
Gross profit percentage=407.50/937.50
Gross profit percentage=0.4347*100
Gross profit percentage=43.47%
Which of the following statements about auctions is not true? O A) Most of the listings on eBay today use auction pricing. O B) The marketplace for online auctions is highly concentrated. Oc) Online auctions were among the most successful early business models in retail and B2B e-commerce. OD) The popularity of online auctions has significantly declined.
The statement that online auctions have significantly declined in popularity is not true. Therefore, option (D) is correct.
While it is true that most of the listings on eBay today use auction pricing and that the online auction marketplace is highly concentrated, it is also true that online auctions were among the most successful early business models in retail and B2B e-commerce. However, it is not accurate to say that the popularity of online auctions has significantly declined.
In fact, online auctions continue to be a popular way for individuals and businesses to buy and sell goods and services. Many popular auction sites continue to operate and offer a wide range of products and services for sale through the auction format. Additionally, online auctions have expanded to include other types of auctions such as government auctions and charity auctions.
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What interest is paid for three months on $960 at 2 74% annual interest paid quarterly?
Answer:
$6.64
Explanation:
The applicable formula
A = p x ( 1+ r)^ n
A =amount after 3 months
p=principal amount: $960
r = interest rate : 2.74% per year or 2.74/12 per month =0.23% or 0.0023
n = 3 month
A = $960 x ( 1+ 0.0023) ^3
A =$960 x (1.0023)^3
A =$960 x 1.00691
A=$966.64
compound interest Earned
=$966.64 - $960
=$6.64
how much oil does the us produce per day
Answer:
about 18.662 million barrels per day
Explanation:
If u were signing papers and it asks u "does applicant identity as transgender" what would that mean?
Also what is a social security number?
Answer:
if u was a boy or a girl and turned in to a man and a boy turned into a girl
a bank card
What is his overall message to marketers?
Given that MUX/Px < MUy/Py, consumers who spend all their income on these two goods a can increase utility by buying more of X and less of Y. Ob have maximized total utility. Occan never maximize utility O d. can increase utility by buying more of Y and less of X
If MUX/Px < MUy/Py, This indicates that the consumer- a. can increase their overall utility by purchasing less of good Y and more of good X.
What is the reason?This is because the consumer is getting more satisfaction per dollar spent on X compared to Y. Therefore, buying more X and less Y will increase their overall utility.
However, it is important to note that this strategy will only work if the consumer has not already maximized their total utility.
If the consumer has already reached the point of maximum utility, then no amount of redistribution between the two goods will increase their overall satisfaction.
Hence, option a. is correct.
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Please help!! This is for economics
Which type of market is the one in which a fast-food company buys the eggs to make a person's favorite breakfast sandwich?
Product market
Factor market
Financial market
Closed market
The market in which the business buys eggs to make the final product that is a sandwich is called as factor market. Thus, Option B is the correct choice.
What is a Factor market?A factor market is a marketplace wherein elements of manufacturing are bought and sold. Factor markets allocate elements of manufacturing, along with land, labor, and capital, and distribute profits to the proprietors of efficient resources, inclusive of wages, and many more.
Therefore, The market in which the business buys eggs to make the final product that is a sandwich is called factor market. Thus, Option B is the correct choice.
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a bond issued by the state of pennsylvania provides a 9.50% yield. what yield on a synthetic chemical company bond would cause the two bonds to provide the same after-tax rate of return to an investor in the 35% tax bracket?
14.62% yield on a synthetic chemical company bond would cause the two bonds to provide the same after-tax rate of return to an investor in the 35% tax bracket.
The actual financial advantage of an investment after taking inflation and tax implications into account is known as the after-tax real rate of return. After income taxes have been paid and the rate of inflation has been taken into account, it is a more accurate indicator of an investor's net earnings.
The return that a taxable bond would be required to provide in order to compete with the return on a comparable tax-exempt bond, including a municipal bond, is known as the tax-equivalent yield.
Investors can use the formula to compare the returns of a tax-free investment with a taxable option.
In general, tax consequences are a challenging, significant, and frequently ignored component of any investment plan.
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Explain the importance of thoroughly checking your SAR and what steps you can
take if you find any errors?
Based on financial analysis, the importance of thoroughly checking your SAR is that "possessing an accurate SAR gives individuals the high tendency of earning a financial aid award."
Generally, the financial aid awards depend on the accurate details given in the SAR report.
However, should there be an error in the SAR report, here is the step you can take:
Either you correct or update your Free Application for Federal Student Aid, often referred to as FAFSA form.
The FAFSA form can be filled online.
SAR is an acronym for Student Aid Report.
Hence, in this case, it is concluded that SAR information is crucial for students that need financial aids.
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does non traditional careers for men mean job for women?
and does non traditional careers for women mean job for men?
Tell me 3 characteristics of money?
1.) durability
2.) acceptability
3.) scarcity
4.) portability
5.)divisibility
6.)uniformity
choose any three u want! :)
Characteristics of Money.
Answer:
(a) Divisibility
(b) Limited supply
(c) Durability
More:
(d) Portability
(e) Acceptability
(f) Uniformity
These are the characteristics of money.
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The purposes of ______ should be to determine whether the project provided the customer with the expected benefits, assess the level of customer satisfaction, and obtain any feedback that would be helpful in future business relationships with this customer or with other customers.
Explanation:
marketing about selling produktivitas
According to experts, what organizational practice will allow the growth of ai to create new jobs?.
Programs using artificial intelligence may aid human workers with repetitive and data-focused jobs.
What is organizational practice?Upskilling often takes place within a predetermined career path, providing individuals with obvious chances for development as they raise their skill levels.
Programs using artificial intelligence may aid human workers with repetitive and data-focused jobs, enabling them to quickly and accurately gather information.
Therefore, additionally, this approach gives workers more time to concentrate on challenging creative tasks.
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Regina, Brock, and Sean are website designers who have been tasked to create a new website together.
This is an example of:
alliance
collaboration
punctuality
relationship
Answer:
B: Collaboration
Explanation:
I took the test
Answer:
B: Collaboration
Explanation:
I took the test
A company incurred $12,000 of maintenance cost for 6,500 machine hours in June and $14,250 of maintenance costs for 8,000 hours in August. Assuming these are the high and low months of activity, the estimated fixed maintenance costs using the high-low method is $
The estimated fixed maintenance costs of the company using the high-low method is $2,250.
Data and Calculations:June August Difference
Maintenance cost incurred $12,000 $14,250 $2,250
Machine hours 6,500 8,000 1,500
Variable cost = $1.50 ($2,250/1,500)
Fixed cost (using June) = $2,250 ($12,000 - (6,500 x $1.50)
Fixed cost (using August) = $2,250 ($14,250 - (8,000 x $1.50)
Thus, the fixed maintenance costs of the company using the high-low method is $2,250.
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Which of the following variations of the retail inventory method would generally result in the lowest cost-to-retail ratio in a period of rising prices? a. FIFO b. LIFO c. average cost d. lower of average cost or market
The variation of the retail inventory method which would generally result in the lowest cost-to-retail ratio in a period of rising prices is the LIFO method.LIFO stands for Last-in, first-out and it assumes that the most recent items added to the inventory are the first ones sold.
Therefore, under this method, the costs of the most recent purchases are matched against the sales revenue, which would lead to a higher cost of goods sold and a lower ending inventory value. This will ultimately result in a lower cost-to-retail ratio in a period of rising prices compared to other methods like the FIFO method.
This is because as the inventory is sold, the costs associated with the older, lower-priced inventory is allocated to the cost of goods sold while the newer, higher-priced inventory is held in the inventory account, which results in a lower taxable income.
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A company is currently selling 10,000 units of product for $40 per unit. The unit contribution margin is $27 and fixed costs are $174,000. The company believes that spending $30,000 on advertising will allow them to increase the selling price to $45. If these changes are made, how many units will have to be sold to earn $100,000 per year
The company needs to sell approximately 506,667 units (rounded up) to earn $100,000 per year, considering the changes in selling price, fixed costs, and desired profit.
To calculate the number of units that need to be sold to earn $100,000 per year, we need to consider the changes in selling price, fixed costs, and the desired profit.
Currently:
Selling price per unit: $40
Unit contribution margin: $27
Fixed costs: $174,000
To achieve a profit of $100,000, we need to adjust the total contribution margin and account for the increase in fixed costs due to advertising.
New selling price per unit: $45
Unit contribution margin: $27 (no change)
With the new selling price, the unit contribution margin remains the same at $27.
Additional fixed costs due to advertising: $30,000
New fixed costs: $174,000 + $30,000 = $204,000
To calculate the required number of units to earn $100,000, we can use the contribution margin ratio:
Contribution margin ratio = Unit contribution margin / Selling price per unit
= $27 / $45
= 0.6
Required units = (Fixed costs + Desired profit) / Contribution margin ratio
= ($204,000 + $100,000) / 0.6
= $304,000 / 0.6
= 506,666.67
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A real estate broker pays $50 to a life insurance broker for each referral that goes to closing. This arrangement is:
Answer:
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Explanation:
A real estate broker pays $50 to a life insurance broker for each referral that goes to closing. This arrangement is illegal.
What is a broker?A broker is referred to as a middleman or agent who helps real estate property to sell in good amounts and helps to establish a deal between a property owner and the buyer.
This real estate broker will receive a commission on behalf of closing the deal, this commission will be received by the end of the deal when the exchange of property is took place between both the parties in terms of the agreement.
This arrangement between the two is illegal as they are misrepresenting things by helping each other when the real estate broker and insurance broker pay each other in closing the deal amount of $ 50 to each other.
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The incomplete question is
A real estate broker pays $50 to an insurance broker for every referral that goes to closing. The insurance broker pays $50 to the real estate broker for every referral that buys insurance. This arrangement between the two is:________
Portionpac co-founder, marvin klein, says ethics and integrity are "common sense." klein's moral values and attitudes, which still guide the company today, relate to which set of factors in the ethical decision-making process?
The correct answer to this open question is the following.
Although the question does not provide any options, we can say that the set of factors in the ethical decision-making process are individual, collective, and social.
Ethics and integrity should be "common sense." Moral values and attitudes are so important as key behaviors by the members of the organization. If employees are not guided by these concepts, the risk is that they could deviate from the guidelines and performance expected by the management.
The leader of the company and top management are the ones who have to set the example in order for the workers to follow those steps. The leader has to set an example of the conduct expected in the organization.
the suggestion of utilizing venture capitalists, loans, or self-funding are all options to help alleviate wich challenge of entrepreneurship
The suggestion of utilizing venture capitalists, loans, or self-funding are all options to help alleviate the challenge of managing people.
What is entrepreneurship?The entrepreneurship serves the activity that involves the setting up of a business or businesses, by taking the financial risks in the hope of profit.
Therefore, suggestion of utilizing venture capitalists, loans, or self-funding are all options to help alleviate the challenge of managing people.
In this case, as an entrepreneur, one should able to have the mind to bear the risk as well as make the good decision that is need for the success of the business, examples of entrepreneur are; Mark Zuckerberg, Bill Gate and others.
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How much does it cost to operate an 800 watts rice cooker for 30
minutes daily for 30 days at a rate of 40 cents/kWh?
4.90
$5.0
$4.8
$6
50µC charge passes through a cross-
The cost to operate an 800 watts rice cooker for 30 minutes daily for 30 days at a rate of 40 cents/kWh is $4.80.
Power consumed by rice cooker, P = 800 watts
Time, t = 30 minutes daily for 30 days
Rate of electricity, r = 40 cents/kWh
We need to calculate the cost of operating a rice cooker for 30 minutes daily for 30 days at a rate of 40 cents/kWh.
Total time for which rice cooker is used in 30 days = 30 × 30 minutes = 900 minutes
Total energy consumed by rice cooker in 30 days = P × t
= 800 watts × (900/60) hours
= 12,000 watt-hours
= 12 kWh
Total cost = Energy consumed × Rate of electricity= 12 kWh × 40 cents/kWh
= 480 cents
= $4.80
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Which type of ebusiness marketing technique induces websites or users to pass on a marketing message to other websites or users, creating exponential growth in the message's visibility and effect
If Congress has a budget surplus and wants to implement a nationwide preschool program, what is the most effective method to accomplish this goal
Surplus can occur sometimes in budget, If Congress has a budget surplus and wants to implement a nationwide preschool program congress should continue to invest in the school children.
What is Surplus?Surplus occurs when the amount allocated for an asset or resource exceeds the amount that was used.
A surplus can occur in different items and when it happens the amount left can be invested in other areas of the project until satisfaction.
Therefore, If Congress has a budget surplus and wants to implement a nationwide preschool program the congress should continue to invest in the school children and children's school programs.
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Reflect on the role of China throughout history in the global economy. Given China's influence today, what does your
economic future look like? What can be done about it?
China plays a major role in the global economy and without China's involvement in the global markets, other countries will have a tough time. Our future growth is associated with these global economies.
What is China's role in the global economy?Today, China is the second-largest economy in the world and produces 9.3 percent of global GDP.
China's exports grew by 16 percent annually from 1979 to 2009. At the beginning of that period, China's exports represented only 0.8 percent of global exports and seamless services.
Thus, China plays a major role in the global economy and we can try to be self-reliant and also have healthy business relations with for better business opportunities and growth.
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7. Jannah is reviewing a report that a new marketing manager put together after assessing her small business. If Jannah wants to learn how familiar a custo
what section of the marketing report should she review?
To learn how familiar a customer is to the company, Jannah must look at the leads section of the marketing report.
What is a marketing report?It consists of a document through which an organization can visualize its performance over a period of time, through the analysis of data and information about the company's actions and strategies to achieve objectives and goals in the market.
Through qualitative and quantitative reports related to communication and sales, for example, the company is able to make more significant decisions about its strategy, with evaluations and corrections that will contribute to continuous improvement and positioning in the market.
So leads could be the section that Jannah would review to identify a potential customer, as this data significantly demonstrates an individual who engages with the company's business and can be turned into a customer.
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You are ordering $210 of goods from a vendor. The vendor offers a 3% (only
on the goods) discount if you pay your bill in 30 days. Assume that you will
take advantage of this discount. Shipping is $12.95. What is the total
amount of this order?
Answer:
$216,65
Explanation:
$210(price for the goods) * 0,03(3% discount) = $6,3(amount of the discount)
$210(price for the goods) - $6,3(amount of the discount) = $203,7(total amount without shipping)
$203,7(total amount without shipping) + $12,95(shipping) = $216,65(total amount)
Which of the following is a characteristic of a for-profit healthcare facility?
run by government
uses public funds
focuses on services everyone can afford
owned by private citizens
Answer:
D. owned by private citizens
Explanation:
A for-profit organization can be defined as a type of organization that is created to primarily generate more revenue than its operating costs by providing lawful services to customers. By generating more revenue than operating costs, a for-profit organization is able to make profit.
Some examples of for-profit organizations are privately owned establishments such as hospitals, hotels, restaurants, supermarkets, gas stations, etc.
Hence, a characteristic of a for-profit healthcare facility is that it is owned by private citizens.
Unlike government agencies or organizations which are being run with public funds and at a subsidized rate (focuses on services everyone can afford), for-profit are mostly owned by private citizens, who are always after making profits from the business.
Answer:
D
Explanation:
edge
What is advertising??
Answer:
the activity or profession of producing advertisements for commercial products or services.
Explanation:
Answer:
the activity or profession of producing advertisements for commercial products or services.
"movie audiences are receptive to advertising"
advertisements collectively.
"despite being instructed to take the signs down, he says he has no intention of removing the advertising"
Explanation:
dvertising is a means of communication with the users of a product or service. Advertisements are messages paid for by those who send them and are intended to inform or influence people who receive them, as defined by the Advertising Association of the UK.
franklin company produces only one product. the selling price is $100 per unit and the variable cost is $60 per unit. total fixed costs are $120,000. compute break even dollars
The break-even point in dollars for Franklin Company is $300,000. This means that the company needs to generate at least $300,000 in sales to cover all its costs and break even.
The break-even point is the level of sales at which a company neither makes a profit nor incurs a loss. It is the point at which the company's total revenue equals its total costs.
The break-even point can be calculated using the following formula:
Break-even point (in dollars) = Total fixed costs / Contribution margin ratio
The contribution margin is the difference between the selling price and the variable cost per unit. In this case, the contribution margin per unit can be calculated as:
Contribution margin per unit = Selling price per unit - Variable cost per unit
Contribution margin per unit = $100 - $60
Contribution margin per unit = $40
The contribution margin ratio can be calculated as the contribution margin per unit divided by the selling price per unit:
Contribution margin ratio = Contribution margin per unit / Selling price per unit
Contribution margin ratio = $40 / $100
Contribution margin ratio = 0.4 or 40%
Using the formula above, we can now calculate the break-even point in dollars:
Break-even point (in dollars) = Total fixed costs / Contribution margin ratio
Break-even point (in dollars) = $120,000 / 0.4
Break-even point (in dollars) = $300,000
Therefore, the break-even point in dollars for Franklin Company is $300,000. This means that the company needs to generate at least $300,000 in sales to cover all its costs and break even.
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The break-even point in dollars for Franklin Company is $300,000. This means that the company needs to generate at least $300,000 in sales to cover all its costs and break even.
The break-even point is the level of sales at which a company neither makes a profit nor incurs a loss. It is the point at which the company's total revenue equals its total costs.
The break-even point can be calculated using the following formula:
Break-even point (in dollars) = Total fixed costs / Contribution margin ratio
The contribution margin is the difference between the selling price and the variable cost per unit. In this case, the contribution margin per unit can be calculated as:
Contribution margin per unit = Selling price per unit - Variable cost per unit
Contribution margin per unit = $100 - $60
Contribution margin per unit = $40
The contribution margin ratio can be calculated as the contribution margin per unit divided by the selling price per unit:
Contribution margin ratio = Contribution margin per unit / Selling price per unit
Contribution margin ratio = $40 / $100
Contribution margin ratio = 0.4 or 40%
Using the formula above, we can now calculate the break-even point in dollars:
Break-even point (in dollars) = Total fixed costs / Contribution margin ratio
Break-even point (in dollars) = $120,000 / 0.4
Break-even point (in dollars) = $300,000
Therefore, the break-even point in dollars for Franklin Company is $300,000. This means that the company needs to generate at least $300,000 in sales to cover all its costs and break even.
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