All categories

4 years ago

Topic : Payroll Please answer as soon as possible.

Business

1 answer:

sashaice [31]4 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.

You might be interested in

The marketing manager of ToyBiz indicated that due to manufacturing efficiencies and market buzz, a new toy they were about to l

Yuliya22 [10]

OPTIONS:

A. economic feasibility

B. legality

C. ethicalness

D. practicality

E. functionality

Answer:

C. ethicalness

Explanation:

Ethicalness as to do with the quality of how morally right a a course of action is. It borders on principles of morality. As stated in the question above, it is already a known fact that the toy has a risk of malfunctioning which could most likely cause injury to the user. Going ahead to launch s toy that can cause injury is morally not right, even though the toy met the set industry standards. We can imply that ethicalness was ignored by the company executive in the decision making.

6 0

3 years ago

The demand curve faced by a nondiscriminating pure monopoly is _____.

seraphim [82]

Answer: The same as the industry's demand curve

Explanation:

The demand curve faced by a non discriminating pure monopoly is same as the industry demand curve as, the monopoly facing the demand curve of the industry in the form of the downward sloping demand curve so that the monopolist increased its output demand. A non discriminating monopolist determined the demand curved and ultimately determined the price which are willing for pay.

7 0

4 years ago

Banks Company sold merchandise on account for $35,000 with terms 2/10, n/30. The cost of goods sold was $27,600. If the invoice

WITCHER [35]

Answer:

The amount of cash received by Banks Company is $34,300

Explanation:

The computation of the cash received by the bank company is shown below:

= Merchandise amount - discount

where,

Merchandise amount is $35,000

And, the discount equal to

= Merchandise amount × discount percentage

= $35,000 × 2%

= $700

Now put these values to the above formula

So, the value would equal to

= $35,000 - $700

= $34,300

3 0

4 years ago

Which of the following priority rule will minimize the average flow time of jobs and also perform well in other measures such as

olga nikolaevna [1]

Answer:

LCFS

Explanation:

8 0

3 years ago

Which one of the following best states the primary goal of financial management? Select one: a. Maximize current dividends per s

11Alexandr11 [23.1K]

Answer:

Explanation:

The main of financial management is maximization of shareholders' investment in the company.Whereas the metric for shareholder's investment is the current share price

To maximize share price the company must post positive earnings ,grow its asset base as well as pay dividends from profits realized.Such company is then perceived worthy of investing in and many investors are happy buying its shares.

Judging from the law of demand,the higher the quantity demanded the higher price set .

6 0

3 years ago

Topic : Payroll ​Please answer as soon as possible.

Topic : Payroll Please answer as soon as possible.