answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Pendergast, Inc., has no debt outstanding, and has a total market value of $180,000. Earnings before interest and taxes (EBIT) a
satela [25.4K]

Answer:

See the explanation below:

Explanation:

a- Calculate ROE and EPS under each of the economic scenarios before any debt is issued.

Under an expansion

Earnings before interest and taxes (EBIT) = $23,000 * (100% + 20%) = $27,600

Earnings after taxes = $27,600 * (100% - 35%) = $17,940

Return on equity (ROE) = Earnings after taxes / Total market value of equity = $17,940 / $180,000 =

0.0997, or 9.97%

Earnings per share (EPS) = Earnings after taxes / Number of shares of stock outstanding = $17,940 /

6,000 = $2.99 per share

Under a recession

Earnings before interest and taxes (EBIT) = $23,000 * (100% - 30%) = $16,100

Earnings after taxes = $16,100 * (100% - 35%) = $10,465

Return on equity (ROE) = Earnings after taxes / Total market value of equity = $10,465 / $180,000 =

0.0581, or 5.81%

Earnings per share (EPS) = Earnings after taxes / Number of shares of stock outstanding = $10,465 /

6,000 = $1.74 per share

b- Repeat part a, assuming that the company goes through with the capitalization.

Under an expansion

Earnings before interest and taxes (EBIT) = $23,000 * (100% + 20%) = $27,600

Interest on debt = $75,000 * 7% = $5,250

Page 2 of 2

Earnings after interest = $27,600 - $5,250 = $22,350

Earnings after taxes = $22,350 * (100% - 35%) = $14,527.50

Return on equity (ROE) = Earnings after taxes / Total market value of equity = $14,527.50/ $180,000 =

0.0807, or 8.07%

Earnings per share (EPS) = Earnings after taxes / Number of shares of stock outstanding = $14,527.50 /

6,000 = $2.42 per share

Under a recession

Earnings before interest and taxes (EBIT) = $23,000 * (100% - 30%) = $16,100

Interest on debt = $75,000 * 7% = $5,250

Earnings after interest = $16,100 - $5,250 = $10,850

Earnings after taxes = $10,850 * (100% - 35%) = $7,052.50

Return on equity (ROE) = Earnings after taxes / Total market value of equity = $7,052.50 / $180,000 =

0.0392, or 3.92%

Earnings per share (EPS) = Earnings after taxes / Number of shares of stock outstanding = $7,052.50 /

6,000 = $1.18 per share

c- Calculate the percentage changes in EPS when the economy expands or enters a recession.

Percentage change under expansion = ($2.42 - $2.99)/$2.99 = 0.1902 decrease, or 19.02% decrease.

Percentage change under recession = ($1.18 - $1.74)/ $1.74 = 0.3218 decrease, or 32.18% decrease

5 0
2 years ago
The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs takes one hour (and $18,000),
cluponka [151]

Answer:

The production exhibit both scope economics and scale economics. They are not mutually exclusive.

Explanation:

Looking at the scenario critically, we will clearly see the tendency of a scope economics. Scope economics basically hinges on getting a competitive advantage, essentially because of producing in large quantities and numbers. Riverside Ranger logo T-shirts exhibits this as it produce its products in large numbers, producing 1000 pieces of a particular design in 1 hour.

In same breath, we also have the scale economics exhibited by the organization. Taking a deeper look at the cost representation, we will see that the average cost tend to reduce as the production increases. Thus, an economic of scale is achieved here by leveraging on the mass and swift production style of Riverside Rangers logo T-shirts.

7 0
2 years ago
This year is expected to be a great one for selling walk shoes in Georgia. At very low prices, only the most efficient shoemaker
TiliK225 [7]
All that information gives you three points to make the graph.

Point 1:

At the price of $10, the offer is 2*1,000 shoes => (10, 2,000)

At the price of $25, the offer is 10*1,200 shoes => (25, 12,000)

At the price of $40, the offer is 10*1400 + 4*500 => (40, 16,000)

Then you have three points. You can check that their are not aligned because when you increase the price $15 from 10 to 25 the offer increases in 10,000 shoes; but when you increase the price $15 from  25 to 40, the offer increases 4,000.

To draw the grpah:

- use a perpendicular coordinate system with the price in the horizontal axis and the offer in the vertical axis,

- lable the horizontal axis with the prices from 10 to 50 and the vertical axis with the offers from 1,000 to 18,000.

- draw the three calculated points (10; 2,000) , (25; 12,000) and (40; 16,000)

- draw a curved line that passes through the three points.

Ther you have the graph.
4 0
2 years ago
Carol has worked for Centrum Springs, Inc., for many years and has now been given the opportunity to advance in the company. Her
Sholpan [36]

The correct answer would be, Planning, Organizing, Leading and Controlling.

Refer to Centrum Springs, Inc. when Riley learns all that it takes to be a manager, he will be involved in Planning, Organizing, Leading and Controlling

Explanation:

A person who is being considered for the position of a manager, must be competent in these four functions of management. The four functions of management are:

  • Planning
  • Organizing
  • Leading and
  • Controlling

These four functions of management are interconnected and the other one starts after the completion of one function.

So when Riley learns all that it takes to be a manager, then he will be involved in these functions of management, where he will make plans for the growth and profitability of the organization, then he will organize according to those plan, then he will lead others to work towards the plan and finally he will have to do the controlling process to evaluate the outcomes of each implemented plan.

Learn more about functions of management at:

brainly.com/question/13542453

#LearnWithBrainly

5 0
2 years ago
Officials from the City of Galveston and State of Texas gathered to celebrate the start of a beach restoration project that invo
andreev551 [17]

Answer:

The conventional B/C ratio is 1.83.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Officials from the City of Galveston and State of Texas gathered to celebrate the start of a beach restoration project that involves dumping sand and adding antierosion structures. The first cost of the project is $30 million with annual maintenance estimated at $340,000. If the restored/expanded beaches attract visitors who will spend $6.2 million per year, what is the conventional B/C ratio at the social discount rate of 8% per year. Assume the State wants to recover the investment in 20 years.

Explanation of the answers is now given as follows:

From the question, we have:

First cost = $30 million, or $30,000,0000

Estimated annual maintenance cost = $340,000

Expected annual revenue = Amount to spend per year by the visitors = $6.2 million, or 6,200,000

r = social discount rate per year = 8%, or 0.08

n = number of recover the investment years = 20

Incorporating the formula for calculating the present value of an ordinary annuity, we have:

B = Present worth of annual revenue = Estimated annual revenue * ((1 - (1 / (1 + r))^n) / r) = $6,200,000 * ((1 - (1 / (1 + 0.08))^20) / 0.08) = $60,872,513.93

C = Present worth of cost = First cost + (Estimated annual maintenance cost * ((1 - (1 / (1 + r))^n) / r)) = $30,000,0000 + ($340,000 * ((1 - (1 / (1 + 0.08))^20) / 0.08)) = $33,338,170.12

B/C ratio = B / C = $60,872,513.93 / $33,338,170.12 = 1.83

Therefore, the conventional B/C ratio is 1.83.

4 0
2 years ago
Other questions:
  • Based on your knowledge of word parts, complete the sentence with the correct word. sam had to mix __________ parts of the two c
    6·2 answers
  • Which of the following is NOT a proposition of the Heckscher-Ohlin model? Countries will completely specialize in the product in
    6·1 answer
  • All of the following statements about data mining are true EXCEPT1. the process aspect means that data mining should be a one-st
    12·1 answer
  • Suppose there is an increase in both the supply and demand for personal computers. In the market for personal computers, we woul
    13·1 answer
  • True or false: Native advertising is being studied by both industry associations and US federal government regulators, who are c
    9·1 answer
  • Lopez Corporation incurred the following costs while manufacturing its product:
    9·1 answer
  • A firm with concentrated ownership is a partnership, never a corporation. may enjoy more accounting transparency than firms with
    14·1 answer
  • Which guideline should an employee use when taking notes for a report?
    5·1 answer
  • Manufacturing overhead data for the production of Product H by Shakira Company are as follows.
    14·1 answer
  • Melinda signs a three year contract for employment as a legal studies lecturer. Does this type of contract fall within the scope
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!