The primary purpose of the Equal Employment Opportunity Commission is to regulate and enforce the provisions of the Fair Labor Standards Act of 1938. ) a) True ) b) False
Q: If the acquisition cost of investment in bonds is less than face amount, there is discount…
A: Bonds are a less risky investment when compared to investments in equity stocks. The bonds are fixed…
Q: O Multiple product
A: Costing refers to the technique of calculating the cost incurred in a project such as budgets,…
Q: Required: 1. Identify whether each investment should be classified as a short-term or long-term…
A: Long Term Investment :— Investment Hold for More than 1 year. Short Term Investment:— Investment…
Q: Sharp Company manufactures a product for which the following standards have been set: Standard…
A: Variance analysis includes the comparison of actual and standard data in order to find the deviation…
Q: Draaksh Corporation sells premium quality wine for $70 per bottle. Its direct materials and direct…
A: Introduction: The break-even point is the moment at which the total cost of the firm equals total…
Q: US GAAP provides the "rulebook" to help ensure all for-profit and not-for-profit entities present…
A: US GAAP are the rules that govern accounting in United States. These are issued and amended from…
Q: What precisely distinguishes accounting from business admin
A: Accounting: It is the process of recording any financial transactions incurred in the financial year…
Q: If the nation in which the nonresident foreign corporation is domiciled permits a credit for taxes…
A: As per section 28(B)(5)(b) of the tax code 1997, The dividend paid by domestic corporations to…
Q: Summit Apparel has the following accounts at December 31: Common Stock. $1 par value, 1.700,000…
A: Let's Understand some basics Stockholder's Equity is shown on the liability side of the Balance…
Q: overnmental activities for the fiscal year ended June 30, 2 ginning capital assets balance ? rchases…
A: Journal : It is the first book of accounts where all the business transactions are recorded at…
Q: On December 31, a $1,000,000 bond issue on which there is an unamortized discount of $71,600 is…
A: Journal entry is the primary step to record the transaction in the books of accounts. The debit and…
Q: bided to liquidato On January 1, 20x1, the partners of ABC Co. decided to liquidate their…
A: Net Proceeds from sale Non cash assets= P 260,000 Cash= P 80,000 Total= P 260,000 + P 80,000 = P…
Q: The adjusted trial balance of Robert Company contained the following information Sales Cost of Goods…
A: Multi step income statement is one of the financial statement which shows all incomes and all…
Q: nise is a full-time exempt employee living in St. George Utah who is $28,500 annually and is paid…
A: Federal Income Tax: When a person earn income from the various income sources, say salary, interest…
Q: In preparing GAAP-based financial reports, nonprofit organizations must present their expenses by…
A: All the Non profit organizations in the USA are required to express their expenses based on their…
Q: Cumberland Co. sells $919 of inventory to Hancock Co. for cash. Cumberland paid $673 for the…
A: Introduction: Journals: All the business transactions are to be recorded in Journals. Journals are…
Q: Trial balance. Debit balances 10,700 Cash Accounts receivable 23,750 Supplies Equipment Accumulated…
A: Trial Balance:— Trial Balance is Statement of Account which Shows list of Ledger Account having…
Q: Jack borrowed $4239 at 7.8% to buy a used car. He paid the maturity value of $5460. Find the time of…
A: It is standard practice to calculate interest is using 360 days in a year. Accounting year have 360…
Q: purchased a Van on credit from Lang's £5,000. The correct entry will be
A: Introduction: Journals: All the business transactions are to be recorded in Journals. Journals are…
Q: Sales revenue Sales returns and allowances Net sales revenue Cost of goods sold Gro Ho 5,750 jogo…
A: Introduction: Gross Profit: Deduction of Cost of goods sold from Net sales revenue derives the Gross…
Q: In Classification Of Cost, What Is A Business Situational Example of the ff:
A: Cost refers to the amount spent by the business on the purchase of raw materials, supplies,…
Q: Jack borrowed $4239 at 7.8% to buy a used car. He paid the maturity value of $5460. Find the time c…
A: Compound Interest: A= P(1+R/100)n Where, A= Amount on maturity P= Principal Amount R= Rate of…
Q: The partnership of Rachel, Joy, and Cecilia has the following account balances: Cash -36,000 Noncash…
A: Partnership refers to the contractual agreement where two or more parties or individual who came…
Q: Barclays Company is preparing the company's statement of cash flows for the fiscal year just ended.…
A: Dividend can be paid either in cash or in form of stock issue. The organization will issue stock…
Q: On its year 1 financial statements, Seatax Corporation, an accrual-method taxpayer, reported federal…
A: As per the given information: Amount reported as federal income tax expense in financial statements…
Q: 1. Explain how value-added tax (VAT) works and its advantages and disadvantages from businesses,…
A: Disclaimer: "Since you have asked multiple questions in a single question we answered first question…
Q: PROBLEM 3 On June 30, 2018, Upton Inc. sold $3,000,000 (face value) of bonds. The bonds are dated…
A: >Bonds Payable are the source of finance for the companies. >The bondholders are…
Q: Ascenda Corp distributes the "Smart" brand of electronic controller systems. The company currently…
A: Cost Benefit Analysis: It is the method where rewards expected from situation and total costs…
Q: Core business headquarters (ROHQ) is a branch of a multinational corporation that offers a variety…
A: Taxation Regional Operating headquarters are subject to tax of 10% of their taxable income.…
Q: The “age” of an account receivable is the length of time that it has been outstanding. At the end of…
A: Accounts receivable aging is the process of distinguishing open accounts receivable based on the…
Q: 6. Tulip Company purchased the net assets of another entity for P2,000,000. On the sate of the…
A: >When an entity is acquired, the amount is paid to pay for the net assets acquired.>Net assets…
Q: 5.The amount computed under the percentage of credit sales method is the bad debts expense for…
A: Every business runs for the purpose of generating sales and profit. Sales revenue means amount of…
Q: On January 1, 2020, EF company purchased P1,000,000, 12% bonds for P1,065,000, a price that yields…
A: If face value of the bonds is less than the purchase price then such debt investments are purchased…
Q: Can you help with question 3?
A: In the context of the given question, we are required to compute the amount of income tax in the…
Q: t Iding cost uction age ck $30 $120 per subassembly 25 subassemblies 4,500 (50 weeks x5 days eac 18…
A: Annual holding cost refers to the expenses involved while maintaining and storing the inventory…
Q: On January 1, 2022, William Corp. (qualifies as SME) paid cash of P600,000 for all the outstanding…
A: Purchase consideration: Purchase consideration is the amount reimbursed for the shares owned by the…
Q: On February 1, 2021, Cromley Motor Products issued 10% bonds, dated February 1, with a face amount…
A: Comments; since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…
Q: If Dakota Company issues 1,500 shares of $6 par common stock for $75,000, O Common Stock will be…
A: Introduction: Journals: All the business transactions are to be recorded in Journals. Journals are…
Q: Record journal entries for the following transactions of Furniture Warehouse. July 5: Purchased 30…
A: Journal entries are the reporting of transactions in the books of accounts. These are recorded in…
Q: How much is the ending inventory under average perpetual? 2,750 2,758 2,852 3,000
A: Under Perpetual inventory system Purchase Account is not maintained and all Purchase are debited to…
Q: Financial accounting is shaped to a significant extent, by the environment, and in particular all of…
A: Hi student Since there are multiple questions, we will answer only first question. Financial…
Q: FIFO & LIFO Beginning inventory, purchases, and sales data on Commodity A, as taken from Rich…
A: Inventory valuation method includes: First- in-first-out method Last-in- first- out method Weighted…
Q: Question. A schedule of machinery owned by Micco Co. is presented below: Total cost Salvage value…
A: Introduction: Depreciation is an accounting technique that assigns the cost of a measurable or…
Q: monprofit organization, on January 15, 2021. The fair value of the investmer $200,000 at the date of…
A: Journal Entries: It is the procedure to record the business transaction into the journal by…
Q: Kruse Nonprofit has the following activity related to its property, plant, and equipment (PP&E)…
A: A cash flow statement shows the inflows and outflows of cash due to transactions of an enterprise.…
Q: ABC Corp. had the following data for the month of June 2022: • Raw materials purchased on account is…
A: Cost of Goods Manufactured = Beginning Raw and in Process Inventory + Raw Material Purchased +…
Q: Identify the top three countries and industrial sectors where the PRC has focused their investments…
A: China's Belt and Road Initiative (BRI) is something that India has consistently opposed due to the…
Q: How could technology impact the audit space?
A: Auditing is not solely based on collection of data. It also include analysis and…
Q: his question is asking amount that Ding would receive instead the answer states what Tillman would…
A: A partnership refers to an agreement made between the 2 or more individuals who promise to operate a…
Q: ForCo, a corporation that is incorporated in a foreign country that does not have a treaty with the…
A: Please Fallow the Below Answers to the above questions: 1. The correct statement is : A) $ 1.5…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Section 188 of the LRA provides the means by which a dismissal can be determined to be fair or unfair. In the event of a claim that an employee was unfairly dismissed, what proof is an employer required to provide in order for the dismissal to be deemed fair?Title VII is the only law regulating equal employment opportunities. Truc False1.Which of the following is not true about FICA? A. It is imposed on both employees and employers. B. It applies only on part-time employees. C. It is imposed by the federal government. D. It is not administered by the states. E. None of these answers.
- According to the Montana Wrongful Discharge from Employment Act, what are the three elements of a wrongful discharge?2. Under the employers cannot discriminate against individuals based on race, religion, or gender. OMinority Amendment OCivil Rights Act OPrivacy Law OProtection Agreement Untitled document...pdf PDF hpGenerally, all deductions made from an employee's gross pay are required by law. True False
- According to AASB 119, how should an employer's obligation for employee benefits be measured?Regarding TSAS and 457(b) deferred compensation plans, both plans require contracts between an employer and an employee. True O False1-Which act sets the minimum wage, and what is the current wage rate? Under the FLSA , what information concerning employees ' wages earned must be maintained by the employer? 3-Who pays the social security taxes that are levied by the Federal Insurance Contributions Act ? How are the funds used which are provided by FUTA and SUTA? What types of unfair employment practices are prohibited by the Civil Rights Act of 1964 as amended? What is the purpose of the Age Discrimination in Employment Act ( ADEA ) ? Are there any exceptions to the protection afforded older workers by the Age Discrimination in Employment Act ? Who is covered by the Walsh - Healey Public Contracts Act ? Under the Family and Medical Leave Act , what is the maximum number of weeks of unpaid leave that a covered employer is required to offer an employee whose spouse is seriously ill ? What is the primary purpose of the Employee Retirement Income Security Act ( ERISA )? 11- Explain…
- choose and explain in detail two of the listed labor laws below. Davis-Bacon Act Walsh-Healy Public Contracts Act Federal Insurance Contributions Act (FICA) Old-Age, Survivors, and Disability Insurance (OASDI) Federal Unemployment Tax Act (FUTA) Affordable Care Act (ACA) Tax Cuts and Jobs Act Consolidated Appropriations Act of 2018 Service Contract Act Contract Work Hours and Safety Standards Act Migrant and Seasonal Agricultural Worker Protection Act Wage Garnishment Law Employee Polygraph Protection Act Family and Medical Leave Act Immigration and Nationality ActWhich of the following is a fringe benefit that employers can discriminate among employees? Question 48 Select one: a. Health and accident insurance. b. Qualified employee discount. c. Employee educational assistance. d. None of the above.(True/False) Section 280F provides the general rule that listed property must be used for the convenience of the employer and required as a condition of employment. Reg. Sec. 1.280F-6 states that the terms “convenience of the employer” and “condition of employment.”