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3 years ago

Explain the differences between hourly wage, salary, contract wage, and commission wage.

Business

1 answer:

ss7ja [257]3 years ago

6 0

The difference between the different types of wages stems from the type of work and their payment modes.

Explanation:

Hourly wages: these wages are handed out according to the amount of work done in term of hours which means that there is a fixed rate for every hour of work.

Salary wages are given by the end of the month in that the m=number of days that a person will work, for a fixed amount of hours is fixed and the salary for the whole month's work is paid together.

Contract wage: this wage is completely dependent upon a pre decided amount for a predicted work and varies on the deal that the contractor and contracted sign.

Commission mode depends on the amount of effective work done. For example, in sales the salary would depend on number of items sold.

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Suppose you enter into a 9-month long forward contract on a non-dividend-paying stock when the stock price is S0 = $125 and the

Vladimir79 [104]

Answer:

Future Price

F0: 126.89

F3: 113.13

F4: 113.41

Value of the contract:

a) zero (by definition)

b) -13

c) -13

Explanation:

forward price:

$F = S (1+r)^{n}$

being S the spot rate

time 9 months and

rate 2% continuous componding

As the rate is continuous we calculate using the e number instead:

$F = S e^{rn} +cost$

$F = 125 e^{0.02 \times 9/12}$

F = 125 x 1.015113065

F = 126.8891331 = 126.89

3th month into the contract:

$F = 112 e^{0.02 \times 6/12}$

F = 113.1256187 = 113.13

4th month

$F = 112 e^{0.025 \times 5/12}$

F = 113.4087866 = 113.41

value of the contract

at third month:

Vt = St - F0

Vt = 112 - 125 = -13

at fourth month

Vt = 112 - 125 = -13

3 0

4 years ago

Nick works with a large team at a social media company. He has proposed and finished several projects which the company implemen

inysia [295]

Answer:

functional departmentalization structure

Explanation:

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Since in the given situation, nicks works with the marketing division also he enjoyed the information that communciated in the company so here he works with the functional departmentalization structure for a company

hence, the same should be relevant

7 0

3 years ago

What are the steps for writing a check?

abruzzese [7]

Answer:

Enter the date, write the check number, write the amount in numbers, and sign the front of the check. ( second choice)

4 0

4 years ago

Read 2 more answers

Budgeted Actual Overhead cost $909,000 $884,000 Machine hours 55,000 46,000 Direct labor hours 101,000 98,000 Overhead is applie

LiRa [457]

Answer:

Missing word "(b) Determine the amount of overhead applied for the year?"

1. Predetermined overhead rate = Budgeted overhead / Budgeted direct labor hours

Predetermined overhead rate = $909,000 / 101,000

Predetermined overhead rate = $9 per DLH

2. Overhead applied = Actual hours * Overhead rate

Overhead applied = 98,000 * $9 per DLH

Overhead applied = $882,000

3 0

3 years ago

Following is a list of cost system characteristics and sample companies. Match each to either job order costing or process costi

zavuch27 [327]

Answer:

Explanation:

Process costing can be regarded as a methodology in accounting that involves attributing cost to unit of production in different firms especially firm that are producing product that are homogeneous.

Job order costing can be regarded as

a system that occur when an order of purchase is made by consumer, it helps in way that the price of individual product is affordable by consumer.

a.Companies that produce small quantities of many different products.

(Job order costing)

b.A company that pulverizes wood into pulp to manufacture carboard.

(Process costing)

c.A company that manufactures thousands of identical files.

(Process costing)

d.Companies that produce large numbers of identical products.

(Process costing)

e.A computer repair service that makes service calls to homes.

(Job order costing)

f.A company that assembles electronic parts and software to manufacture

(Process costing)

millions of portable media players.

g.A textbook publisher that produces copies of a particular book in batches.

(Job order costing)

h.A company that bottles milk into one-gallon containers.

(Process costing)

i.A company that makes large quantities of one type of tankless hot water heaters.

(Process costing)

j.A governmental agency that takes bids for specific items it utilizes where each

(Job order costing)

7 0

3 years ago