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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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Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $500. The fund wa

Salsk061 [2.6K]

Answer:

c. A credit to Cash of $272.75.

Explanation:

These transactions can be explained with the help of T- Account .

<h2> Cash </h2><h3>Debit Credit </h3>

Bal $ 500

Freight $61

Shipping

Charges $ 85

Supplies $ 50

Donation $ 69

Suspense 7.75

Fund $ 227.25

Fund $ 227.25

Reimbursement  $272.75

$ 500

As there is shortage of $ 272.25 in the amount of $ 500 the petty cash will be reimbursed with this amount.

An amount of $ 7.75 is short which is dealt in suspense account and reimbursed with the amount falling short.

5 0

3 years ago

What is the term that refers to the management and processing of information using computers and computer networks?

Lapatulllka [165]

Information Technology refers to the management and processing of information using computers and computer networks. People who are trained in this field must be able to use computers for the storage of data, data retrieval, sending data, processing data, maintenance and a bunch of other technical duties. Information technology requires an understanding of computer software, hardware and networks.

6 0

3 years ago

The term _____________ describes circumstances where a country's exports exceed its imports.

irina1246 [14]

Answer:

C. trade surplus

Explanation:

A trade surplus is a positive balance of tradewhere a country's exports exceed its imports. Trade Balance = Total Value of Exports - Total Value of Imports if Total Value of Exports is bigger than the Total Value of Imports the trade balance will be positive.

I hope you find this information useful and interesting! Good luck!

4 0

3 years ago

A high Power Distance Index score implies that the people who hold power in a country are entitled to privileges.

ladessa [460]

Answer:

a. True

Explanation:

The Power-Distance Index refers to the relationship and interaction between a high ranking individual and a low ranking individual. The index depends on how a low ranking individual reacts to a high ranking individual.

It measures the degree where the members of a society or group accepts the hierarchy of the power and the authority.

Thus according to the high power distance index score, individuals with high power are entitled to number of privileges in a country or in society.

Hence the answer is TRUE.

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3 years ago

1. Match each term with the correct definition. LO1.1 economics opportunity cost marginal analysis utility a. The next-best thin

Stolb23 [73]

Answer:

d. Making choices based on comparing marginal benefits with marginal costs

Explanation:

Opportunity Cost Marginal Analysis in Economics helps managers to understand the idea of opportunity cost in making an additional input for output. Presume a manager realizes that there is space in the budget to employ an additional worker. Marginal analysis tells the manager that an additional worker provides net marginal benefit or not and the manager then decides if to hire one more worker or forgo it for an alternative.

6 0

4 years ago

Topic : Payroll ​Please answer as soon as possible.

Topic : Payroll Please answer as soon as possible.