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Refer to Instruction 2-1

question 17

Essay

Refer to Instruction 2-1.Carolyn Clark,a full-time student at Atlanta State University,works at the Barclay Dress Shop.In order not to violate the FLSA,the least salary that Barclay could pay Clark for her 28-hour workweek is __________.


Definitions:

Equivalent Single Discount

A single, consolidated discount rate that is equivalent in value to a series of multiple discounts applied successively.

Complement Rate

A rate equal to 100% minus the discount rate; used with the complement method in determining trade or cash discounts.

Net Price

The actual price paid for a product or service after deducting any discounts, rebates, or promotions.

Complement Method

Method of computing the net price directly, using the complement of the trade discount rate.

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