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den301095 [7]
2 years ago
9

Mark Adler earned $1,963.71 salary per month as an assistant technician at a recording studio. His new job pays $9.80 per hour w

ith time and a half for all hours over 40 hours per week. How many hours of overtime per week will he have to work to earn the same amount per week at his current job?
Business
1 answer:
NikAS [45]2 years ago
6 0

Mark Adler will have to work 133.59 hours of overtime per week to earn the same amount at his current job.

<h3>Word problems in algebra?</h3>

Word problems in algebra involve the use of mathematical models and variables to solve them. We use a careful and effective method to interpret the variables.

  • In Mark Adler's current job, it was noted that he earns $1963.71 per month

However, his new job pays him $9.80 per hour and a half for all hours over 40 hours per week.

It implies that if he works for over 40 hours per week, he gets paid at the rate of:

\mathbf{= 9.80 + \dfrac{9.80}{2}= \$14.7/h}

For 40 hours, he will make 40 hr × $14.7 / hr = $588

Therefore, to make the same amount per week at his current job, he has to work for:

\mathbf{= \dfrac{\$1963.71}{\$14.7}}

= $133.59 hours

Learn more about word problems here:

brainly.com/question/2254383

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Answer:

Current Ratio = 1.67:1

Acid Test Ratio = 0.1:1

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Explanation:

Cash.......1000

Merchandise inventory...12,500

Store supplies....5800

Prepaid Insurance...2400

Accounts Payable...................10,000

Sales..............................111950

Cost of Goods Sold....38,400

Store supplies still available at fiscal year-end amount to $1,900. Expired insurance, an administrative expense, for the fiscal year is $1,650. Depreciation expense on store equipment, a selling expense, is $1,600 for the fiscal year. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $11,000 of inventory is still available at fiscal year-end. 4. Compute the current ratio, acid-test ratio, and gross margin ratio as of January 31, 2018.

Therefore Balance Store supplies = 5800-1900

Prepaid Insurance = 2400-1650

Balance Inventory = 11,000

Current Ratio = Current Assets/ Current liabilities

Current Ratio = (1000 cash + 11,000 inventory + 3,900 Store supplies + 750 prepaid insurance) / 10,000 Accounts payable = 16650/10000 = 1.67

Current Ratio = 1.67:1

Acid test Ratio = Current Asset - inventory / Current Liabilities

(16,650 -  11,000 inventory - 3,900 Store supplies - 750 Prepaid Insurance) /10,000 = 0.1

Acid Test Ratio = 0.1:1

Gross Profit Margin = Gross Profit / Sales x 100

Gross Profit = Sales - Cost of Goods Sold = 111,950 - 38400 = 73550

Therefore Gross profit Margin = 73550/111950 x 100 = 66%

Gross Profit Margin = 66%

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C

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