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raketka [301]
3 years ago
8

Kelsey Gunn is the only employee of Arsenault Company. His pay rate is $23.00 per hour with an overtime rate of 1½ times for hou

rs over 40 in a workweek. For the week ending March 31, 20--, he worked 48 hours. Calculate his gross pay for the week using the overtime premium approach to calculate the overtime pay.
Business
1 answer:
Nikitich [7]3 years ago
5 0

Answer:

His gross pay is $1,196

Explanation:

Pay rate is $23.00 per hour with an overtime rate of 1½ times for overtime, then pay rate for per overtime hour  = $23 * (1+ ½) = $34.5

Kelsey Gunn worked 48 hours, in which 40 hours is in workweek and 8 hours is in overtime

His gross pay = 40 hours * $23.00 per hour + 8 hours  * $34.5 per hour =  40*23 + 8*34.5 = 1,196

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The Jones family has a disposable income of $80,000 annually. Assume that their marginal propensity to consume is 0.8 (the Jones
makvit [3.9K]

Answer:

Option (1) is correct.

Explanation:

Given that,

Annual disposable income = $80,000

Marginal propensity to consume, MPC = 0.8

Autonomous consumption spending = $10,000

Therefore,

annual consumer spending:

C = a + bY

Where,

a = Autonomous consumption spending

b = Marginal propensity to consume

Y = Annual disposable income

C = $10,000 + (0.8 × $80,000)

   = $10,000 + $64,000

   = $74,000  

3 0
3 years ago
Machinery was purchased for $460000 on January 1, 2022. Freight charges amounted to $15000 and there was a cost of $34000 for bu
guapka [62]

Answer:

The amount of accumulated depreciation at December 31, 2023 = $88,800.

Explanation:

<u>Determining the actual acquisition cost.</u>

The actual acquisition cost = Purchase value + freight charges + Installation costs.

The actual acquisition cost = 460,000 + 15,000 + 34,000.

The actual acquisition cost = $509,000.

<u>Determining the depreciable cost.</u>

The depreciable cost = acquisition cost - Salvage value.

The depreciable cost = 509,000 - 65000.

The depreciable cost = $444,000.

<u>Determining annual depreciation expense.</u>

Annual depreciation expense = depreciable cost / number of years.

Annual depreciation expense = 444,000 / 10.

Annual depreciation expense = 44,400.

<u>Determining the accumulated depreciation .</u>

The accumulated depreciation = annual depreciation expense × number of years.

The accumulated depreciation = 44,400 × 2.

The amount of accumulated depreciation at December 31, 2023 = $88,800.

4 0
3 years ago
The reserve ratio equals 2 percent. The Fed buys $1 million in U.S. government securities. The most the money supply can increas
Rudik [331]

If the Fed buys $1 million in U.S. government securities. The most the money supply can increase is: c. $50 million.

<h3>Money supply</h3>

Using this formula

Mioney supply=Government securities/Reserve ratio

Where:

Government securities=$1 million

Reserve ratio=2% or 0.02

Let plug in the formula

Money supply=$1 million/0.02

Money supply=$50 million (Increase)

Therefore the most the money supply can increase is: c. $50 million.

Learn more about money supply here:brainly.com/question/3625390

7 0
2 years ago
A firm is engaged in assessing the relative size of a market segment in terms of unit and dollar sales along with its potential
Mashcka [7]

Answer:

True

Explanation:

A SWOT analysis evaluates the internal strengths and weaknesses, and the external opportunities and threats in an organization's environment. The analysis can identify resources, capabilities, core competencies and competitive advantages, providing a functional approach to review finance, management, infrastructure, procurement, production, distribution and marketing,. The analysis is critical in identifying the source of competitive advantage. It can point out the resources that need to be developed in order to remain competitive and equally identifies market opportunities and threats by looking at the competitors' environment, the industry environment and the general environment.

7 0
3 years ago
The Finances
umka21 [38]

Answer:

it is sources that poor people dont have

Explanation: because in finances there is over 1000m

3 0
2 years ago
Read 2 more answers
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