Jamie Patil is a candidate for the position of a sales manager with Retrozz Furniture. She is going to be required to supervise several employees and can determine the direction in which she will complete the assignments given to her. What guidelines should she follow when classifying workers as exempt or nonexempt? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as Incorrect. Department of Labor FLSA

Jamie Patil is a candidate for the position of a sales manager with Retrozz Furniture. She is going to be required to supervise several employees and can determine the direction in which she will complete the assignments given to her. What guidelines should she follow when classifying workers as exempt or nonexempt? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as Incorrect. Department of Labor FLSA

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter12: Special Journals

Section: Chapter Questions

Problem 1MYW

See similar textbooks

Similar questions

Assume that you are preparing for a second interview with a manufacturing company. The company is impressed with your credentials, but it has several qualified applicants. You anticipate that in this second interview, you must show what you offer over other candidates. You learn the company is not satisfied with the timeliness of its information and its inventory management. The company manufactures custom-order holiday decorations and display items. To show your abilities, you plan to recommend that the company use a job order accounting system. Required In preparation for the interview, prepare notes outlining the following: 1. Your recommendation and why it is suitable for this company. 2. A general description of the documents that the proposed system requires. 3. How the documents in part 2 facilitate the operation of the job order accounting system.
Remy Morris is an accountant has a full time job at Transcend Haberdashery. He also works every Wednesday at McMaster Supermarket preparing the paybill for Friday. He has a contract for the service from McMaster Supermarket and the owner pays him gross. What additional information would you need to have to determine whether Remy’s contract is a contract of service or contract for service? Make assumptions (but state assumptions), decide and give reasons for the answer.
Mateo makes gizmos. He would like to set up a system to help him manage his business. The gizmos are made in a standard process. There is a certain amount of material and labor that goes into each gizmo. The only difference between the gizmo is the color of the material. What information should Mateo collect, how should he format it, and what kind of reports should he prepare to help him run his business?
Miss Maria has recently joined the accounting department of SISHGC Limited as an assistant accountant. During her first meeting with the accounting department, the head of the department has elaborated her the responsibilities related to the general ledger and subsidiary ledger. Miss Maria uses the source documents such as purchase orders, sales invoices, and suppliers’ invoices to prepare journal vouchers for general ledger entries. At the end of each working day, she posts the journal vouchers to the general ledger and the related subsidiary ledgers. At the end of each month, Miss Maria reconciles the subsidiary accounts to their control accounts in the general ledger to ensure that there is no difference in these accounts. Required: Discuss the internal control weaknesses and risks associated with the above process.
Your work product should demonstrate your proficiency at creating documents in Excel,including but not limited to formatting and formula use.Projects turned in later than the specified time may be heavily penalized.Below is the information needed to complete the special project relating to select accountingtopics. No assistance should be sought from anyone except your instructor.Financial information for the project:1. You decide to open a small business in Charleston, WV that will cater primarily to busyoffice workers downtown. You are going to offer a gourmet box lunch to be delivered to anyoffice with a minimum number of 5 orders. This lunch will include a gourmet sandwich, a bagof chips, a cookie, and a bottle of water. Because you are using only the finest ingredients, youwill charge $9.00 per lunch.2. The cost of the food items (cost of goods sold) in each lunch is budgeted at $3.15. These areprimarily perishable items, so inventory is negligible. You pay for all your purchases…
Suppose you have a part-time position over the winter break in a small clothing store that is part of the national chain. The store's one full-time employee, with whom you have become friendly, hired you. Explain what you would do in the situations described below, and identify two internal control problems that exist in each situation. Each response must be analyzed, grammatically correct, and substantive. (This means you probably will not do well with a one sentence response). 1. You arrive at the store at 6 pm to take over the evening shift from the full-time employee who hired you. You notice that this person takes a coat from the rack, puts it on, and leaves by the back door. You are not sure if the coat is one that was for sale or if it belonged to the employee. 2. You are the only person in the store on a busy evening. At closing time, you total the cash register and the receipts and discover that the cash register is $20 short of cash. You consider replacing the $20…
Penny is compiling a list of costs incurred so far on a project. She must categorize these costs so that she can present the amount of direct cost incurred. Which of the following should Penny include in this list?This type of question contains radio buttons and checkboxes for selection of options. Use Tab for navigation and Enter or space to select the option. option A Expense incurred in meeting the regulatory standards for the company option B Benefits for employees in the organization option C Travel expenses to the customer’s office option D Costs incurred for maintaining coffee stations around the office.
You’ve been an entry-level financial analyst for six months. Your supervisor plans to fill another entry-level financial analyst position on your team. Your supervisor has asked you to create a job aid for the financial analyst role. The purpose of the job aid is to help the new hire move smoothly into the position. The job aid must describe the responsibilities of a financial analyst. It must also explain the impact the role has on a business. a job aid for a new hire to an entry-level financial analyst position. Your job aid should be thorough. But it should also be easy to understand for someone new to finance. To complete this assignment, you’ll use the Project One Financial Analyst Job Aid template (linked in the What to Submit section). In your job aid, you’ll give a general overview of financial management and its importance to a business. Specifically, it would help if you addressed the following: Financial Responsibilities: Describe the responsibilities of a financial…
Job analysis might be conducted for all of the following reasons, except When new jobs are created When downsizing takes place When the organization is founded and jobs are initiated for the first time When jobs are changed significantly Following the last meeting for the HR department at XYZ Company, the HR manager Mirna has recently announced that all employees are expected to add the foilowing footneote to their email signature block: "XYZ Company is looking for amazing employees!". Thus, which of the following statements is true regarding the HR department decision? " It is seeking totrain employees through promotional policies It is seeking to recruit employees through employee enlistment It is seeking to train employees through employee referrals It is seeking to recruit emplovees through employee referrals
The company el Ahuehuete, S.A., shows you the data of the credit applicants. Without knowing the rules and credit policies of this company. Each case will provide conditions for you to establish minimum criteria for granting credit. Once you have reached an agreement as a team, review who would be subject to credit according to these new policies that have been established. Dinora Velázquez. Homemaker. She manages the household and budgeted monthly household expenses amount to $16,000.00. Her husband is the breadwinner; he is a maquila worker and earns $30,000.00. They have 2 elementary school age children. She has a mortgage on the house they live in, which takes 20% of her family's income. Subject to credit? Would it be good for the company to lend you credit?
Kenda needs her manager to review the memo she wrote so that she can send it out to her clients before the end of the day. What's the BEST way for Kendra to end her email to her manager? O O O Please review the memo for any spelling or grammatical errors. Here's the memo I want to send clients today. Please review the memo and let me know if you have any changes by 3 p.m. today. O Do you think this looks OK?
You are the staff accountant working at a local tutoring center. The monthly financial statements (Income Statement, Statement of Retained Earnings, and Balance Sheet) were just finalized and released to the employees of the tutoring center. You hear some of the other employees talking about the financial statements. In most cases, the employees do not understand the purpose of the statements. You have been asked by your supervisor to create a MEMO to be sent to the employees of the tutoring center that includes the following: Select either the Balance Sheet OR the Income Statement and explain the purpose of the statement and why it is important (i.e. what should the reader know about the company by looking at the statement).