Which of the following is required by the Fair Labor Standards Act?
(a) payment for vacations
(b) payment for sick leave
(c) extra payment for overtime work
(d) extra payment for weekend and holiday work
c
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Norton Manufacturing is considering the following two investment proposals
Proposal X Proposal Y Investment $738,000 $508,000 Useful life 5 years 4 years Estimated annual net cash inflows received at the end of each year $152,000 $100,000 Residual value $62,000 $0 Depreciation method Straight-line Straight-line Annual discount rate 10% 9% Compute the present value of the future cash inflows from Proposal Y. Present value of an ordinary annuity of $1: 8% 9% 10% 1 0.926 0.917 0.909 2 1.783 1.759 1.736 3 2.577 2.531 2.487 4 3.312 3.240 3.170 5 3.993 3.809 3.791 6 4.623 4.486 4.355 A) $271,018 B) $324,000 C) $294,640 D) $254,000
Under a just-in-time inventory system, inventory is moved into a plant as soon as
a. the supplier can deliver. b. the manufacturer has shelf space. c. it can be bought at the right price. d. it is needed.