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umka21 [38]
3 years ago
10

Kyle forman worked 47 hours during the week for erickson company at two different jobs. his pay rate was $14.00 for the first 40

hours, and his pay rate was $11.80 for the other 7 hours. determine his gross pay for that week if the company uses the one-half average rate method.
Business
2 answers:
krek1111 [17]3 years ago
4 0
His gross pay was $754.60
velikii [3]3 years ago
4 0

Answer: Gross pay = $690.37

Explanation:

average hourly rate = ( (40×14)+(7×11.80) )/ (40+7)

average hourly rate = 642.60 / 47 = 13.67234043

average hourly rate = $ 13.67 per hour

Pay from first job (40 hours and $ 13.67 rate per hour)

Pay from first job = 40 × 13.67 = $ 546.80

the company uses one - half average rate method for overtime pay. 40 hours is considered normal working hours, hours above 40 are regarded as over time. Kyle Forman worked 47 hour ,the extra 7 hours will be regarded as overtime. The company uses one-half average rate pay method. the overtime hourly is 1.5 of the average hourly rate

overtime rate = 13.67 × 1.5 = 20.505 = 20.51

overtime pay =  7 × 20.51 = 143.57

Gross Pay = 546.80 + 143.57 = $ 690.37

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Answer:

Break Even Point

In Units = 2,000 units

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Explanation:

Break even Point = \frac{Fixed\ Cost}{Contribution}

When we use contribution per unit, we get the break even point in units sales.

When we use the contribution margin as a percentage of sales we get break even sales in value.

Contribution per unit = $20

Contribution margin in percentage = $20/$40 = 50%

Therefore, Break even Point in units = \frac{40,000}{20} = 2,000

Break even units = 2,000

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8 0
3 years ago
A firm has an issue of $1,000 par value bonds with a 12 percent stated interest rate outstanding. The issue pays interest annual
Mamont248 [21]

Answer:

c

Explanation:

4 0
3 years ago
Alan Jackson invests $20,000 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 yea
kondaur [170]

Answer:

a. $32,800

b. $37,019

c. $37,460

Explanation:

a. The computation of Total Amount Withdrawn by Alan when simple interest is shown below:-

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b. The computation of Total Amount Withdrawn by Alan when annually Compounded is shown below:-

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c. The computation of Total Amount Withdrawn by Alan when semi annually Compounded is shown below:-

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Answer:

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5 0
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