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lutik1710 [3]
3 years ago
15

James Smith has worked for Perfect Transmission Installers for eight years. His annual base salary is $52,000. For overtime hour

s, which he has averaged as six hours per week, he receives double pay based on his per hour wage of $25. James takes four weeks of paid vacation per year. What is his monthly qualifying income?
Business
1 answer:
lesya692 [45]3 years ago
3 0

Answer:

=$5,533.33

Explanation:

James took four weeks of paid leave. It means earned his salary but missed out on overtime earnings.

His hourly pay is $25; overtime pay will be $50 per hour

Monthly qualifying income is similar to average monthly income. The term is used mostly in credit assessments.

regular monthly income for James equal to yearly pay divide by 12 months

=$52,000/12

=4,333.333

Overpay income

6 hours per week x 4 weeks per month x $50 per hour

=6 x 4 x $50

=24 x $50

=$1200

Monthly qualifying income = 4,333.33 + 1200.00

=$5,533.33

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Answer:

Answer is the FCAC is greater than the TBC.

Refer below.

Explanation:

A second method for determining the forecasted cost at completion assumes that, regardless of the efficiency rate the project or work package has experienced in the past, the work to be performed on the remaining portion of the project or work package will be done according to budget. If the cumulative actual cost is greater than the cumulative earned value, then: FCAC is greater than the TBC.

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3 years ago
1. Which of the following courses in high school would be most helpful for a person wanting a
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Accounting is the course which will be most helpful.

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2 years ago
Larkspur, Inc. reports net income of $91,800 in 2022. However, ending inventory was understated $7,800. What is the correct net
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$99,600

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If the ending inventory was understated that means that they have less of the inventory than they had originally expected, this means that they sold more than they have calculated and therefore have not included the $7,800 in the net income. Therefore, we would need to add this amount to the actual reported net income to get the correct net income for 2022...

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Vision Company sells optical equipment. Blitz Company manufactures special glass lenses. Vision orders 11 comma 700 lenses per​
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330 units are the economic order quantity

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Unilever is engaged in market segmentation because its took the overall market and divided it into smaller, similar groups.

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