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Anarel [89]
2 years ago
15

Rennie Norquist is a recent law school graduate. She is employed at Dillard Dobbs Dooley & Duncan, LLP, a 200 lawyer firm. R

ennie is well paid at $98,000 per year. However, she thinks she should be paid overtime for all the hours she works because she spends over 70 hours a week researching the law and writing legal memoranda. Which of the following is a correct statement?
a. Rennie is eligible for overtime under the new FLSA regulations because she makes less than $100,000 per year.
b. Rennie is not eligible for overtime under the new FLSA regulations because, as a professional worker, she is exempt from overtime regulations.
c. Rennie is entitled to overtime because, as a recent graduate, she is in training.
d. None of the above choices is correct.
Business
1 answer:
Sindrei [870]2 years ago
3 0

Answer:

b. Rennie is not eligible for overtime under the new FLSA regulations because, as a professional worker, she is exempt from overtime regulations.

Explanation:

According to the Fair Labor Standards Act (FLSA) certain employees are exempt from overtime regulations:

  1. executives (top management and board of directors)
  2. professionals: Rennie falls under this category because she already graduated from law school.
  3. administrative
  4. computer
  5. external sales

Anyone that falls under any of these categories, is exempt from overtime pay and other FLSA regulations.

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A country's economic data indicates that there has been a substantial reduction in the financial capital available to private se
NeTakaya

Answer:

D. especially large and sustained government borrowing

Explanation:

When a government spends more than it collects in taxes, it runs a budget deficit. When the government starts borrowing large sums too much, it can substantially facilitate the reduction in the financial capital available to private sector firms, as well as lead to trade uncertainties and even financial crises.

8 0
2 years ago
Blake eats two bags of potato chips each day. Blake's hourly wage increases from $9 to $15, and he decides to stop eating generi
max2010maxim [7]

Answer:

-4 units

Explanation:

Using the midpoint method, Blake's income elasticity of demand for generic potato chips is given by the change in demand (D) multiplied by his average income (I), divided by the change in income multiplied by the average demand:

E=\frac{\Delta D}{\Delta I}*\frac{I_{avg}}{D_avg}\\E=\frac{0-2}{15-9}*\frac{\frac{9+15}{2}}{\frac{2+0}{2} }\\E=-4\ units

Blake's income elasticity of demand is -4 units.

8 0
1 year ago
Which of the following is true if the production volume​ decreases? A. average cost per unit decreases B. fixed cost per unit in
enot [183]

Answer:

B. fixed cost per unit increases

Explanation:

As we know that

If the production volume increases, the fixed cost per unit is decreases as it reflect an inverse relationship between the fixed cost per unit and the production volume

Let us take an example

Fixed cost = $20,000

Production volume = 100,000

Decrease in production volume = 80,000

So, the fixed cost per unit in the first case is

= 20,000 ÷ $100,000

= $0.2

And, the fixed cost per unit in the second case is

= 20,000 ÷ $80,000

= $0.25

Therefore, the fixed cost per unit increases

5 0
1 year ago
A foundation was endowed with $15,000,000 in July 2010. In July 2014, $5,000,000 was expended for facilities, and it was decided
Agata [3.3K]

Answer:

$2,274,639.75

Explanation:

Endowment on July 2010 = $15,000,000

Endowment amount on July 2014 = $15,000,000 (1+0.05)^4 - Expenditure on facilities

= $15,000,000 (1.2155) - $5,000,000

= $18,232,500 - $5,000,000

= $13,232,500

Amount to be set aside for operation expenses = $250,000/0.05 = $5,000,000

Amount available for capital replacement = $13,232,500 - $5,000,000 = $8,232,500

5-years effective interest rate = (1+0.05)^5 - 1 = 0.2763

Annual available for capital replacements every fifth year forever = $8,232,500 (0.2763) = $2,274,639.75

8 0
1 year ago
The amount of space between centers of adjacent pixels is called __________.
Gnom [1K]
Dot Pitch: The amount of space between the centers of adjacent pixels. The closer the pixels, the crisper the image.
4 0
1 year ago
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