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3 years ago

Topic : Payroll Please answer as soon as possible.

Business

1 answer:

sashaice [31]3 years ago

4 0

Answer:

1. Vera = $400

2. Colin = $780

3. Messy = $54

4. Goyoh = $5,600

Explanation:

Requirement 1 & 2

1. Vera Dunhill's gross salary - 

Hourly income = $10

As she has worked 40 hours for the current week, the gross salary is as follows -

Weekly Income (Gross Salary) = Number of hours worked × Hourly Income

Weekly Income (Gross Salary) = 40 hours × $10 = $400.

2. Colin George's Gross Salary -

Hourly Income = $15

Overtime hourly rate = $15 × 1.5 (for first 4 additional hours) = $22.5

Overtime hourly rate = $15 × 2 (for further additional hours after 4 additional hours) = $30.

As Colin has worked for 47 hours, his gross salary is =

($15 × 40 hours) + ($22.5 × 4 hours) + ($30 × 3 hours)

= $780

Requirement 3 & 4

3. Messy's gross salary -

Peeling guavas at $2 per kilogram. As the Messy has peeled 27 kilogram guavas, his gross salary = $2 × 27 kilogram = $54

4. Goyoh's gross salary -

Basic Salary = $800

Commission = 4% of sales

Current year's sales = $120,000

It means, he will receive the basic salary and commission on sales as a gross salary.

Therefore, Gross Salary = $800 + ($120,000 × 4%)

Gross Salary = $800 + $4,800

Gross Salary = $5,600

For the job purpose, he will receive the basic salary and for the performance purpose, he will receive the commission as well.

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Which financing option has the highest overall costs?

katrin2010 [14]

Equity financing has the highest overall cost.

Further Explanation:

The financing options that are available to the company are equity and debt. Equity Financing refers to the issue of equity shares to the public. Debt refers to the loan taken by the company from the public or any financial institutions. The equity shareholders have the right to vote in general meetings while the debt holder does not have any such rights.

The equity shareholders are also entitled to receive dividends while debt holders are entitled to receive the interest regardless of whether the company is having a profit or not. The interest paid to debt-holders is deducted from the net profit before any tax is charged. The interest reduces the taxable income while the dividend is calculated on net profit after tax. Thus, the cost of using debt finance is lower as the amount which is paid as the interest is charged against the tax.

Therefore, Equity financing involves a higher cost than Debt financing.

Learn more:

1. Learn more about raising the equity

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3. Learn more about the short-term financial goals

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Answer details:

Grade: Senior School

Subject: Financial Management

Chapter: Cost of Capital

Keywords: Equity financing, the highest overall cost, debt financing, financing options, capital, business, shareholder’s fund, loan, financial management, raise, issue.

4 0

3 years ago

Read 2 more answers

Compound Interest:

MA_775_DIABLO [31]

Option answer:

d. Interest = $10.64 and New Balance = $360.64

Answer:

A = $360.64

A = P + I where

P (principal) = $350.00

I (interest) = $10.64

Calculation Steps:

First, convert R as a percent to r as a decimal

r = R/100

r = 1.5/100

r = 0.015 rate per year,

Then solve the equation for A

A = P(1 + r/n)nt

A = 350.00(1 + 0.015/4)(4)(2)

A = 350.00(1 + 0.00375)(8)

A = $360.64

Summary:

The total amount accrued, principal plus interest, with compound interest on a principal of $350.00 at a rate of 1.5% per year compounded 4 times per year over 2 years is $360.64.

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2 years ago

Happy Foods and General Grains both produce similar puffed rice breakfast cereals. For both companies, the cost of producing a b

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Answer: introduce more differentiation

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3 years ago

Fall protection, confined space entry procedures, controlled noise levels, and protection from chemical hazards are some of the

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The answer is: A.Healthful

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3 years ago

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If you were originally a lender, remain a lender even after a decline in interest rates. Will you get better or worse after the

a_sh-v [17]

Answer:

yeah it will be worse than ever

Explanation:

in both cases

8 0

3 years ago

Topic : Payroll ​Please answer as soon as possible.

Topic : Payroll Please answer as soon as possible.