The Fair Labor Standards Act requires employers to pay covered employees at least the federal minimum wage and overtime pay of one-and-one- half-times the regular rate of pay for work exceeding a 40-hour week

Indicate whether the statement is true or false

True

Business

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All of the other constraints and priorities remained the same. Based on this snippet of the sensitivity report, what should happen during this production run?

William ran the original model in Excel and discovered that he was walking away from significant income. He reformulated the model with a new profit constraint of 16R + 24W + d2+ + d2- = 550. Final Reduced Objective Allowable Allowable Cell Name Value Cost Coefficient Increase Decrease $B$14 Rotgut 10 0 0 0 0 $C$14 White Lightning 15 0 0 0 0 $D$16 Hours d1+ 0 1 1 1E+30 1 $E$16 Hours d1- 7 0 0 1 0 $D$17 Profit d2+ 30 0 0 0 0 $E$17 Profit d2- 0 0 0 1E+30 0

Business

A firm sells two products. Product R sells for $20; its variable cost is $6. Product S sells for $50; its variable cost is $30. Product R accounts for 60 percent of the firm's sales, while S accounts for 40 percent

The firm's fixed costs are $4 million annually. Calculate the firm's break-even point in dollars.

Business