a country has a(n) advantage when it has a greater output per worker than another country but a(n) advantage when it produces at a lower opportunity cost than another country.
Answers
An economy must possess comparative advantage in order to produce a certain good or service at a lower opportunity cost than its trading rivals. The comparative advantage hypothesis demonstrates how trade may be beneficial for countries, individuals, or businesses.
The ability to produce more of an item or service per unit of time while using the same number of inputs as competitors, or to produce the same amount of good or service per unit of time while using fewer inputs, is known as absolute advantage.
An economy must possess comparative advantage in order to produce a certain good or service at a lower opportunity cost than its trading rivals. According to the comparative advantage theory,
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Related Questions
loans accrue interest while a student is enrolled in school.
Answers
an investor is close to retirement and wants a short-term, low-risky investment with low liquidity. which investment meets these requirements?
Answers
The investment that meets these requirement is : Treasury bills
What are Treasury Bills ?A low risky investment with low liquidity and can be held for a short term is Treasury bills are one of the safest investments that can held for a short period ( A few days to 52 weeks ),They are better investment opportunities for investors close to their retirement.
Treasury bills have low returns on investment when compared to other investments.
Hence we can conclude that The investment that meets these requirement is : Treasury bills
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wildhorse toys company has a balance in inventory at the beginning of the month during the monthe wildhorse purchases additional inventory wildhorse has sales during the month with a related cost of goods sold on these sales. what is wildhorse's ending inventory at the end of the month
Answers
Wildhorse Toys Company's ending inventory at the end of the month would be $7,500.
You would need the following information to figure out Wildhorse Toys Company's month-end inventory:
Initial inventory: The worth of stock toward the beginning of the month.
Purchases: the amount of additional stock that was purchased throughout the month.
Cost of Merchandise Sold (Pinions): The expense related to the stock sold during the month.
The equation to compute finishing stock is:
Finishing Stock = Starting Stock + Buys - Machine gear-pieces
Here is a bit-by-bit clarification and estimation:
Start with the initial value of the inventory.
Add the worth of extra stock bought during the month.
Take the total and subtract the cost of goods sold (COGS) from it.
Let's use the following values as an illustration:
Initial inventory: Purchases for $10,000: $5,000
COGS: $7,500
Utilizing the equation:
The Wildhorse Toys Company's ending inventory at the end of the month would therefore be $7,500. Ending Inventory = $10,000 + $5,000 - $7,500 Ending Inventory = $7,500
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The individual that is likely to have the highest credit score is the one who
pays the minimum balance on a credit card each month.
O has no credit cards and uses a debit card to pay bills.
O has two credit cards and pays the full balance on each card each month.
uses a parent's credit card and repays the parent for charges each month.
Answers
The individual that is likely to have the highest credit score is the one who
has two credit cards and pays the full balance on each card each month. Option C
What is credit score about?Your likelihood of making timely loan payments is predicted by your credit score. It is generally true that paying the minimum balance on a credit card each month will not have a positive effect on a person's credit score.
In fact, it could have a negative impact because it can indicate to lenders that the borrower is struggling to pay their debts and is potentially at higher risk of defaulting on a loan.
Hence, paying the full balance on a credit card each month can have a positive impact on a person's credit score because it demonstrates responsible credit use and the ability to pay off debts in a timely manner.
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the united nations recommends that edcs use what percentage of their gdps for economic assistance?
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The United Nations does not provide a specific percentage for economic assistance that EDCs (Economically Developing Countries) should use from their GDPs.
The United Nations recommends that EDCs prioritize sustainable economic development, poverty reduction, and the attainment of the Sustainable Development Goals (SDGs). To achieve these goals, EDCs are encouraged to mobilize resources through domestic resource mobilization, including tax reform and broadening the tax base, as well as leveraging external resources such as aid, investment, and trade. The UN also advocates for more transparent and accountable use of resources and effective public financial management systems.
In summary, while the UN does not specify a percentage for economic assistance, it emphasizes the importance of using resources efficiently and effectively to promote sustainable economic development and reduce poverty.
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22
Post Test: Tech
Type the correct answer in the box. Spell all words correctly.
George has to present the goals of information management to his team member. What is a goal of information management?
The goal of information management is to identify information requirements for various
Reset
Next
levels.
Answers
Providing accurate and trustworthy information to the appropriate individuals at the appropriate time is one of the objectives of information management. This entails gathering data, keeping it organized, evaluating it, and using it to support business decisions and enhance overall organizational performance.
Business decision, also known as B&D, is a multinational consultancy and systems integration firm with its home office in Paris, France. Business intelligence (BI), customer individuals relationship management (CRM), and e-business are the group's three main areas of expertise, with the two main directions being data and digital.
More than 2400 individuals work for Business & Decision worldwide, which has operations in 11 nations.
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Calculation of the short term debt is as follows; Here Current ratio = Current asset / current liabilities Here current ratio be 2.1 And, we assume increase in inventory and note payable be X Now we know that Current ratio = (Current asset + x) / (Current liability + X) 2.1 = ($903,000 + x) / ($308,000 + x) 2.1* ($308,000 + x) = $903,000 + x $646,800 + 2.1x = $903,000 + x $646,800 - $903,000 = x - 2.1x -$256,200 = -1.1x x = $232,909.09 THAT'S NOT THE CORRECT ANSWER - $380,000*2.1 = $798,000 - NOT 646,800?? I got $95,454.55 - please recheck your problem and let me know which one is accurate. I believe you answer is wrong.
Answers
The correct value for the increase in inventory and note payable (X) is approximately $232,909.09.
Let's recheck the problem together.
Given:
Current ratio = 2.1
Current assets = $903,000
Current liabilities = $308,000
Increase in inventory and note payable = X
We can use the formula for the current ratio:
Current ratio = (Current assets + X) / (Current liabilities + X)
Plugging in the given values:
2.1 = ($903,000 + X) / ($308,000 + X)
To solve for X, we need to cross-multiply:
2.1 * ($308,000 + X) = $903,000 + X
Now, let's simplify the equation:
646,800 + 2.1X = 903,000 + X
Next, we'll combine like terms:
2.1X - X = 903,000 - 646,800
This gives us:
1.1X = 256,200
Finally, solving for X:
X = 256,200 / 1.1
X ≈ $232,909.09
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what is designed to enlarge the market and economic basis of the countries involved
Answers
Answer:
Economic integration
Economic integration is the unification of economic policies between different states, through the partial or full abolition of tariff and non-tariff restrictions on trade.
The trade-stimulation effects intended by means of economic integration are part of the contemporary economic Theory of the Second Best: where, in theory, the best option is free trade, with free competition and no trade barriers whatsoever. Free trade is treated as an idealistic option, and although realized within certain developed states, economic integration has been thought of as the "second best" option for global trade where barriers to full free trade exist.
Economic integration is meant in turn to lead to lower prices for distributors and consumers with the goal of increasing the level of welfare, while leading to an increase of economic productivity of the states.
suppose matt initially invests $3000 in an account bearing 4% interest compounded monthly. how long will it take for the deposit to double in value? round to the nearest 0.01 year.
Answers
It will take approximately 1.47 years for Matt's $3000 investment to double in value at a 4% interest rate compounded monthly.When we talk about an investment doubling in value, we are essentially saying that the initial amount has grown by 100%. In this case, Matt's $3000 investment needs to grow to $6000 to double in value.
To calculate how long it will take for this to happen, we need to use the formula for compound interest:
A = P(1 + r/n)^(nt)
Plugging in the values we know, we get:
$6000 = $3000(1 + 0.04/12)^(12t)
Simplifying this equation, we get:
2 = (1 + 0.04/12)^(12t)
Taking the natural logarithm of both sides, we get:
ln(2) = 12t ln(1 + 0.04/12)
Solving for t, we get:
t = ln(2) / (12 ln(1 + 0.04/12))
We find that t is approximately 17.67 months, or 1.47 years rounded to the nearest 0.01 year.
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Tony is the head of a company that develops cutting edge technology. His team is working on their next big thing and they are close to a breakthrough. As his team works, Tony spends a good portion of his time making sure each part of his team has what they need to produce their best work. Tony also spends some of his time making sure any potential obstacles to his team are taken care of and coaching his team through some of their challenges.
What type of leadership is Tony practicing here?
A. Laissez-faire
B. Democratic
C. Servant Leader
D. Directing
Answers
Answer:
D- Directing
Explanation:
It can't be laissez-faire because that literally makes zero sense at all. It's not democratic because that would mean that he would have had his team take a vote at some point in time, but this question says nothing about that. It is not servant leader because literally wth is that. It would have to be directing because Tony is giving his team some direction to help them keep moving forward.
Use the following selected 2016 balance sheet and income statement information for Home Garden Supply Co. (in millions) to compute asset turnover (AT) to the nearest hundredth of a percent.
Net income Gross profit on sales Average total assets Sales Tax rate on operating profit
$69,960 $700,400 $360,600 $1,356,504 35%
Select one:
a. 5.16%
b. 9.99%
c. 51.63%
d. 33.56%
Answers
Answer:
3.76 times
Explanation:
The computation of the asset turnover is shown below:
Asset turnover = Net sales ÷ Average total assets
= $1,356,504 ÷ $360,600
= 3.76 times
By dividing the net sales from the average total assets, the asset turnover could arrive i.e 3.76 times
This is the answer but the same is not provided in the given options
Accounting reports are aimed at users with a reasonable knowledge of accounting and business and who are prepared to invest time in studying them. Do you think, however, that accounting reports should be understandable to users without any knowledge of accounting or business?
Answers
Yes, accounting reports should be understandable to users without any knowledge of accounting or business.
Transparency and accessibility are crucial in ensuring that financial information is comprehensible to a wide range of stakeholders, including individual investors, consumers, and the general public.
By presenting financial information in a clear and user-friendly manner, accounting reports can empower non-experts to make informed decisions, assess the financial health of a company, and hold organizations accountable. Simplifying complex accounting concepts, using plain language, and providing additional context and explanations can help bridge the gap between accounting professionals and non-expert users, ultimately promoting financial literacy and fostering trust in the financial reporting process.
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Groups that have a strong interest in the success and outcomes of a business, such as employees, neighbors, or government regulators, are called
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Stakeholders are those groups that have a strong interest in the result of the project or a business.
What are stakeholders?A stakeholder is a person or a group that has a vested interest in the course or outcome of a business and has a direct or indirect effect on the business or participates in it in one way or another.
Characteristics of stakeholders:It is any internal and/or external person or organization that has or may have the capacity to affect the activity of the organization.Stakeholders are members of the organization itself (managers, employees, shareholders), suppliers, consumers, neighbors and the market.Therefore, we can conclude that all stakeholders can be classified according to their interest in the company's mission.
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Complete the sentence with all of the accurate statements regarding the relationship between conscientiousness and job performance.Conscientiousness is consistently and positively related to ______.
a. creativity
b. resilience
c. cooperation
d. supervisor-rated liking
e. leadership behavior
f. task performance
Answers
The best option to complete the sentence "Conscientiousness is consistently and positively related to" is task performance.
Creativity: The ability to use imagination to produce a new idea or product that is useful to society.Resilience: The ability to recover quickly from failure, depression, illness or misfortune.Cooperation: The act of working together, especially for a common purpose of benefit.Supervisor-rated liking: Being liked by the person who monitors someone to make sure workers comply with rules or other requirements set for them.Leadership behavior: The quality of having the capacity to lead or direct othersTask performance: This refers to how work is being done by a person.Therefore, the best option to complete the sentence "Conscientiousness is consistently and positively related to" is task performance.
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Please Help!!!!!!!!!!!!! Watch the Video and Answer the Question!
Briefly describe in your own words the history of Capitalism and Socialism. How and where did each of these systems start? Describe how each system works. Use evidence from the video to support your answer.
Capitalism and Socialism: Crash Course World History #33:
Answers
Answer:
WHAT VIDEO
Explanation:
Answer:
uhm there is no video lol send a link and maybe i can help! :)
Explanation:
The correct order for the preparation of financial statements is? 1. statement of cash flows 2. income statement 3. balance sheet 4. statement of retained earnings
Answers
The order which is correct is 2, 4, 3, 1. Income statement, Statement of retained earniings, Balance sheet, Statement of cash flow.
What is financial statement?
The presentation of relevant financial data is done in a methodical manner and in an easy-to-understand format.
The three main company reports are combined into one document called a financial statement. It will include the company's income statement, balance sheet, and cash flow statement.
Financial statements are routinely audited by government agencies, accounting firms, etc. to ensure their accuracy and for tax, financing, or investment reasons.
An income statement is a type of financial statement that shows the revenue and expenses of a firm.
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Craig works as an inspector for the city health departmentc which involves inspecting restaurants and food service establishments to see whether they are operating according to loval laws. Carol work as an insurance agent for the first 10 years if their marriage and is now a stay-at-home mom. Their home is paid for and their son, Charles, is a senior in highschool. Neither Craig nor Carol has much experience in owning or operating a small business, yet thid is what they want to do when their son graduates from high school. They have been frugal and saved over $200,000 for this venture. Craig will not be quitting his job for a while. This will leave Carol witht he responsibility of running the business. What type of business do you tecommend Craig and Carol start?
Answers
Craig and Carol might consider starting a food truck company that specialises on organic and healthy food options, utilising Craig's background as a health inspector and Carol's managerial abilities.
What kind of business suits a food truck the best?There are various advantages to forming a limited liability company for your food truck. The most significant benefit of an LLC structure is that it affords its owners limited liability, which can shield their private assets from litigation and creditors.
Whom does the food truck industry's target market segmentation include?The billion-dollar food truck industry's target consumer is millennials from middle-class families. Expenditure is reportedly made monthly by people aged 25 to 44, with 20% of the amount coming from people under the age of 25.
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Why should the interest rate be of concern to you if you are going to purchase a car or
house in the future? (explain in 4 sentences)
Answers
Borrowing money is more expensive when interest rates rise and cheaper when interest rates are so low. Make sure you fully comprehend how the rate of interest will impact the total sum you owe before accepting a loan.
The financial decisions you make are impacted by interest rates. Some of these are simple to understand; for instance, consider the amount of money you would deposit into your bank account if it offered 15% interest as opposed to 0.5%.
What is interest rate?
The yearly cost of a debt to a borrower is referred to as the interest rate and is indicated as a percentage. APR represents the total yearly cost of a debt to the borrower, including all fees. The APR is stated as a percentage, just like an interest rate.
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To buy a product, customers in a market must first
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To buy a product, customers must first have the need for the product.
Customers cannot just simply buy anything or everything when it comes to products. People love shopping but money is a very useful and powerful resource and customers understand it well, so they don't want to spend it on useless things.
Firstly, there should be a need or a desire to buy a particular product. After that the customer decides his or her budget or the money he would like to spend on that product. If it crosses his or her budget, then the customer may not able to buy the product.
Lastly, there should be willingness to buy the product. Nowadays, we get impressed by big brands, malls and stores giving us immense discounts for even our daily needs. That is how knowingly or unknowingly, we tend to shop more.
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For an agreement to be a sale, title must pass at the time the agreement is made
Answers
It is a false statement that the title must pass at the time the agreement is made for an agreement to be a sale because in a sales contract, the title passes to the buyer at the time and the place the seller performs by delivering the good.
What is known as Contract of sales?In law, a contract of sale refers to the agreement between a seller and a buyer. Here, the seller will agrees to deliver or sell something to a buyer for a set price that the buyer has agreed to pay. With this, such transfer of ownership happens when the buyer pays and the seller delivers.
However, this contract does changes in situations where the seller cannot yet deliver the item that is sold, it also happens when the buyer cannot yet pay the full price. But both the parties can still agree on transferring the ownership to the person buying in these situations mostly, as long as such seller is ready to deliver what is being sold.
Full question "For an agreement to be a sale, title must pass at the time the agreement is made. True/False".
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what are tax liabilities??
Answers
Answer:
What is tax liability? Tax liability is the total amount of tax owed in a given period, by individuals and organizations, to federal, state, and local governments. For businesses, tax liabilities are short-term liabilities recorded on a balance sheet and paid within a year.
Explanation:
Over the last 100 years, marginal tax rates have been fluctuating constantly. Place the years in order by how high the top marginal rate was at the time. Place the year with the highest rate first.
Answers
The Architecture and Construction career cluster is a group of careers focused on
O designing, constructing, and maintaining buildings and other structures,
O assembly of buildings and structures.
O designing and planning buildings.
O identifying the safety standards for building regulations.
Answers
The correct answer is Designing, constructing, and maintaining buildings and other structures.
Explanation:
A career cluster groups different careers related to the same area of knowledge and similar applications. In the case of architecture and construction, this includes careers such as architecture, civil engineering, carpentry, paving operators, etc. Moreover, these careers are all related to creating buildings or structures, which involve designing or planing the structures, then constructing them, and finally, dealing with the maintenance of the building. This includes the creation of houses, bridges, roads, etc.
Answer:
answer is A
designing constructing, and maintaining buildings and other structures.
Explanation:
hope this helps!
What are the three reasons why business plan is important?
Answers
the following three factors make a business plan crucial: 1. Assists in setting objectives and goals. 2. Offers a success road plan. 3. Draws in lenders and investors.
A business plan is crucial for entrepreneurs and companies for a number of reasons. There are three primary causes:
clarifies company aims and ambitions
The purpose, vision, and goals of a company may be clearly stated in a business plan, giving the firm a sense of direction.
Improves ability to make decisions
A business plan offers a road map for the company, defining important strategies and steps that must be performed to accomplish objectives. Informed choices that are in line with the overall vision and objectives of the company may be made by business owners with the aid of this information.
brings in investment and investors
A strong business plan may be a valuable tool for obtaining funds from lenders or investors by showcasing the feasibility and potential of the company.
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What would CRM software help you
do?
Answers
CRM software can help you in the following ways.
They can help in streamlining deals and marketing efforts, manage client connections, and see to client satisfaction.Also, the capability to track client relations and data can help businesses optimize their operations and identify areas for improvement.What is CRM software?CRM software or Customer Relationship Management software is an important tool which was created to help businesses manage their relations with customers and potential customers.
It allows businesses to store client data like contact information, purchase history, and communication preferences, all in one centralized location.
This data gotten from the software can be analyzed and used to perceive how a customer behaves, his preferences, and needs.
Thus, a CRM tool can help businesses cultivate strong relations with their customers and drive long- term growth.
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Grass and Leaf Management reported pretax accounting income in 2021, 2022, and 2023 of $18 million, $30 million, and $40 million, respectively, which includes 2021 income of $8 million from installment sales of property. However, the installment sales are reported on the tax return when collected, in 2022 ($2 million) and 2023 ($6 million). The enacted tax rate is 25% each year. What is the amount of tax expense does Grass and Leaf Management record for 2021?
$2,500,000.
$3,600,000.
$4,500,000
$7,500,000.
None of the above.
Answers
To find the tax expense for 2021, we subtract the income from installment sales from the pretax accounting income and then multiply the remaining taxable income by the enacted tax rate.
To calculate the tax expense for 2021, we need to start with the pretax accounting income for that year, which is $18 million. However, we need to exclude the $8 million income from installment sales because these sales are reported on the tax return when collected.
So, the taxable income for 2021 would be $18 million - $8 million = $10 million.
To calculate the tax expense, we multiply the taxable income by the enacted tax rate, which is 25%.
Tax expense for 2021 = $10 million * 0.25 = $2.5 million.
Therefore, the amount of tax expense that Grass and Leaf Management should record for 2021 is $2,500,000.
This means that the correct answer is option A: $2,500,000.
In summary, to find the tax expense for 2021, we subtract the income from installment sales from the pretax accounting income and then multiply the remaining taxable income by the enacted tax rate.
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B was 42 when the life insurance policy was issued. 42 is referred to as the ______ age of the policy. A
Answers
Because the assured is 42 when the life policy was issued, such age will be called an original age of the policy.
What is an original age?In a life policy, an Original Age refers to the age of an insured at the inception of a life insurance policy.
Therefore, as the the assured is 42 when the life policy was issued, such age will be called an original age of the policy.
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Discuss three growth strategies a car manufacturing company can use to expand its business.
2. Trace the genealogy of the marketing mix framework. From the perspective of the consumer, has the 4Ps Marketing Mix helped.
Answers
A car manufacturing company can use various strategies to expand its business. Among them, some of the most effective growth strategies are discussed below:
Market Development: It is a strategy that aims to expand the existing market share of the car manufacturing company. It can be done by entering new markets with the existing products. In this strategy, the car manufacturer can either increase the distribution network or target a new market segment.
Product Development: It is a strategy that focuses on the development of new products or the modification of existing products. This strategy is used to gain a competitive advantage by introducing new features, designs, or technology that is not available in the existing products.
Diversification: It is a strategy that focuses on entering new markets or developing new products that are different from the existing ones. It can be done by acquiring new businesses or developing new products that are not related to the existing ones.
The Marketing Mix framework is a widely used strategy that businesses use to promote their products. It was first introduced by Jerome McCarthy in 1960, and it includes four key components: Product, Price, Place, and Promotion. The framework has been widely accepted by businesses all over the world, and it has helped many companies to achieve their marketing goals.
From the perspective of the consumer, the 4Ps Marketing Mix has been helpful because it provides a clear understanding of the products being offered, the price being charged, the place where the product is available, and the promotional activities being done by the company. This helps the consumer to make an informed decision before purchasing the product.
However, with the evolution of technology, the Marketing Mix framework has been modified to include additional Ps like People, Process, and Physical Evidence. This modification has made the framework more comprehensive and relevant in the present context.
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how will government resolve piracy
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a non-exempt employee of a contractor covered by the fair labor standards act works 60 hours during a workweek. the agreement is to pay the employee $400.00 each week regardless of the numbers of hours worked. what should be the employee's gross pay for this workweek?
Answers
Under the Fair Labor Standards Act, non-exempt employees must be paid at least minimum wage for all hours worked and overtime pay for hours worked over 40 in a workweek. In this scenario, the employee worked 60 hours in a workweek, which means they worked 20 hours of overtime.
Assuming that the minimum wage is $7.25 per hour, the employee's regular rate of pay for the first 40 hours would be $290.00 (40 hours x $7.25 per hour). For the 20 hours of overtime, the employee would be entitled to time and a half, which would bring their overtime pay to $217.50 (20 hours x $10.88 per hour).Therefore, the employee's gross pay for the workweek would be $507.50 ($290.00 + $217.50), which includes their regular pay and overtime pay.However, since the agreement with the employee is to pay them $400.00 each week regardless of the number of hours worked, it is unclear whether the employer is complying with the Fair Labor Standards Act. If the employee's regular rate of pay is below minimum wage, or if they are not being paid overtime for their overtime hours worked, then the employer may be in violation of the law and subject to penalties.
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