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miskamm [114]
4 years ago
6

George saves 18% of his total gross weekly earnings from his 2 part-time jobs. he earns $6.25 per hour from one part-time job an

d $7.50 per hour from the other part-time job. george works a total of 40 hours between the two jobs each week. what additional information is needed to determine the amount of his earnings he saves each week? the number of days he works at each job the number of hours he works at each job the number of hours he works each day the number of hours he works each week no further information is needed
Business
2 answers:
mote1985 [20]4 years ago
8 0
The correct answer is - the number of hours he works at each job.
If we have the number of hours he works for each job separately, then we will be able to take out a percentage of the earnings from both of the jobs separately. We will than get the sum of the percentages if both of them, and have the real amount of George's weekly savings.
stepladder [879]4 years ago
6 0
  • George's total salary in one week is $ 550
  • George works 80 hours per week from 2 part-time jobs
  • And George saves 18% of $ 550 which is $ 99
  • George could have spent 5 days per week working
  • George works 16 hours a day for 2 job

<h2>Further explanation </h2>

The first salary is $ 6.25 / hour x 40 hours / week = $ 250

The second salary is $ 7.50 / hour x 40 hours / week = $ 300

One week is equal to 24 hours x 7 days = 168 hours

George works 80 hours a week, he has 168-80 = 88 hours of free time

George saves 18% from $ 550, 550x18% = $ 99

Work is a relationship that involves two parties between the company and workers/employees. The workers will get a salary as compensation from the company, and the amount depends on the type of profession that is done.

Side jobs can be interpreted as work that is other than the main work. This work is done after the main work is finished.

Part-time Workers are part-time staff, ie workers who work for only part of the normal working time or working day, for example, someone who is appointed as expert staff or another position in a company that only works for three days a week.

Learn More

part-time jobs brainly.com/question/9831180

salary count development brainly.com/question/9831180

Details

Class: High School

Subject: Business

Keywords: Salary, Part-Time, Jobs

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Which of the following statements about accrual basis of accounting is false?
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7 0
4 years ago
Exercise 8-3 (Algo) Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $389,610 for real estate with land, land impr
polet [3.4K]

Answer:

1.  Land  $175,324.50

   Land improvements $38,961

   Building  $175,324.50

2. Dr Land   $175,324.50

   Cr Cash   $175,324.50

   Being entries to recognize cost incurred in the purchase of Land

   Dr Land improvements   $38,961

   Cr Cash   $38,961

   Being entries to recognize cost incurred in the purchase of Land improvements

   Dr Building   $175,324.50

   Cr Cash   $175,324.50

   Being entries to recognize cost incurred in the purchase of Building

Explanation:

Using the appraisal method to apportion the cost of an asset to the components of the asset involves the consideration of the appraised cost of each individual item as a portion of the total cost of the asset.

Thus, given that  Rodriguez Company pays $389,610 for real estate with land, land improvements, and a building

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Land = $247,500

Land improvements = $55,000

Building = $247,500

Total appraised cost of the asset = $247,500 +$55,000 + $247,500

= $550,000

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Land = $247,500/$550,000 * $389,610

= $175,324.50

Land improvements = $55,000/$550,000 * $389,610

= $38,961.00

Building = $247,500/$550,000 * $389,610

= $175,324.50

Journal entries

Dr Land   $175,324.50

Cr Cash   $175,324.50

Being entries to recognize cost incurred in the purchase of Land

For journal entries, we debit each of the individual assets account and credit cash to recognize the cost incurred in the purchase of the asset.

5 0
3 years ago
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