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Leto [7]
3 years ago
15

Assume that John Smith is a salesperson employed by McCrackin Company. Smith’s regular rate of pay is $36 per hour, and any hour

s worked in excess of 40 hours per week are paid at 1½ times the regular rate. Smith worked 42 hours for the week ended October 27. What are his total earnings for the week?
A. $2,268
B. $1,548
C. $1,512
D. None of these choices are correct.
Business
1 answer:
miss Akunina [59]3 years ago
8 0

Answer:

=$ 1,548.00

Explanation:

Smith's regular pay $36 for the first 40 hours.

Beyond 40 hours rate is 1.5

Worked hours 42 hours

Calculating pay for the first 40 hours;

=$36x40 hours=1,440.00

Calculating pay for extra hours

=(worked hours-regular hour)x(36x1.5)

=(42-40)x54

=2x54

=$108

Total earnings = $ 1,440.00 +$108

   =$ 1,548.00

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3 years ago
Duerr Company makes a $79,000, 30-day, 12% cash loan to Ryan Co. The note and interest to be collected at maturity is:
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Answer:

The maturity value is "$79790".

Explanation:

The given values are:

Principal

= $79,000

Time

= 30/360

Rate

= 12%

The interest on the cash loan to Ryan and Co will be:

= 79000\times 12 \ percent\times \frac{30}{360}

= 790 ($)

Maturity value

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Answer:

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