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shusha [124]
3 years ago
14

Jan Quint earns $11.00 an hour at her job and is entitled to time-and-a-half for overtime, and double time on holidays. Last wee

k she worked 40 hours of regular time, 9 hours of overtime, and 12 hours of holiday time. How much did she earn last week? A. $612.00 B. $720.50 C. $803.00 D. $852.50
Business
1 answer:
Svetllana [295]3 years ago
6 0

Answer:

Hence, $852.50 she earn last week.

Thus, the correct option is d. $852.50

Explanation:

The computation of Jan Quint earn last week is shown below:

1. Regular wages = Normal hours of worked × per hour rate

                        = 40 × $11

                        =$440

2. Overtime wages  :

In overtime, the per hour rate is half along with the normal per hour rate.

So, overtime per hour rate = Per hour rate + overtime per hour rate

                                            = $11 + $11 ÷ 2

                                            = $11 + $5.5

                                            = $16.5

So, overtime wages = Overtime hours  × overtime per hour rate

                                 = 9 × $16.5

                                 = $148.50

3. Holiday wages:

In holiday wages, the per hour rate is twice of normal per hour rate

In mathematically,

Holiday per hour rate = 2 × normal per hour rate

                                    = 2 × $11

                                    = $22

So, holiday wages = Holiday hours  × holiday per hour rate

                                 = 12 × $22

                                 = $264

So, total wages = Normal wages + overtime wages + holiday wages

                          = $440 + $148.50 + 264

                          = $852.50

Hence, $852.50 she earn last week.

Thus, the correct option is d. $852.50

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A recent Small Business Administration study found that commercial banks provide between ________ percent of the credit availabl
scoray [572]

Answer:

64%

Explanation:

Commercial banks have been found to provide most of the credit needs of small businesses. So small business owners are more likely to get a loan from a commercial bank close to them.

Commercial banks however tend to be reluctant when the economy is stagnant. Mostly small businesses in an economy that is slow have challenges repaying loans collected.

However funds have been made available for small business and are made available primarily through commercial banks

7 0
3 years ago
Zhang Industries sells a product for $750. Unit sales for May were 400 and each month's sales are expected to grow by 3%. Zhang
Colt1911 [192]

Answer:

Total= $292,520

Explanation:

Giving the following information:

Zhang Industries sells a product for $750. Unit sales for May were 400 and each month's sales are expected to grow by 3%. Zhang pays a sales manager a monthly salary of $4,000 and a commission of 2% of sales in dollars. Assume 30% of Zhang's sales are for cash. The remaining 70% are credit sales; these customers pay in the month following the sale.

Cash budget for June:

Sales= [(400*1.03)*750]*0.3= 92,700

Sales from May= (400*750)*0.7= 210,000

Salary= (4,000)

Commision= [(400*1.03)*750]*0.02= (6,180)

Total= $292,520

6 0
3 years ago
When the insured knows more about their circumstances than the insurer, there is
elena-s [515]

When the insured party knows more about his or her circumstances than the insurer, then there is: B. All of these.

<h3>What is an insurance company?</h3>

An insurance company is a business firm that is establish to collect premium from all of the insured for losses which may or may not occur, so they can easily use this cash to compensate or indemnify for losses incurred by those having high risk.

In Economics, when the insured party knows more about his or her circumstances than the insurer, then there is:

  • Adverse selection
  • Propitious selection
  • Moral hazard
  • Asymmetric information

Read more on insurance here: brainly.com/question/16789837

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4 0
1 year ago
Charleston, Inc. has Accounts Receivable of $170,000 and an Allowance for Doubtful Accounts of $11,000. If it writes-off a custo
Romashka [77]

Answer:

$159,000

Explanation:

The double entry to record the writes off balances which are the bad debts of Customers who will not pay the debt, will include debit to allowance which is decrease in the allowance and credit to accounts receivable which is also a decrease to accounts receivable:

Dr Allowance for doubtful account $1,100

Cr Accounts Receivable                           $1,100

Similarly the increase in Allowance for Doubtful Accounts of $11,000 will be treated totally opposite of the decrease in Allowance for Doubtful Accounts above:

Dr Accounts Receivable               $11,000

Cr Allowance for doubtful account    $11,000

Now, the increase in allowance is deducted from opening accounts receivables and vice versa. The treatment is given below:

Opening balance of Accounts receivables             $170,000

Accounts Receivable                                                ($1,100)

Allowance for Doubtful Debt    ($11,000 - $1,100)   <u>   $9,900 </u>

Accounts Receivable (Net)                                       $159,000

5 0
3 years ago
Mainline Ltd. is a landline telephone manufacturer whose average return on invested capital is approximately 2 percent. Because
irinina [24]

Answer:

competitive disadvantage

Explanation:

According to my research on different business strategies, I can say that based on the information provided within the question in this scenario Mainline Ltd. has a  competitive disadvantage. This term refers to an unfavorable circumstance or condition that causes a firm to underperform in an industry. Which in this case low demand for landlines causes this.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
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