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frosja888 [35]
3 years ago
14

Pace's regular wage rate is $13.78 per hour, and the regular workweek is 40 hours with five 8-hour days. Compute the following:

Business
1 answer:
Aleksandr-060686 [28]3 years ago
4 0

Answer:

(a) 40 hours (b)54hours (c) $551.2 (d) $62.01 (e) $744.12

Explanation:

(a)To calculate hours worked each day, since the regular work week is 40 hours with five 8 hours day

= Monday to Friday 8 hours

= 8 × 5

= 40 hours

(b) To calculate the total hours worked , we will first convert to 24 hour clock, then subtract the starting time from ending time to obtain the total hours

Monday = 8 am - 4pm ( 16 - 8) = 8hours

Tuesday = 8am - 6pm ( 18 - 8) = 10 hours

Wednesday = 8am -4pm (16 - 8)= 8hours

Thursday = 8.30 am - 6pm (18.5 - 8) = 10.5 hours

Friday = 8am - 4.30pm ( 18 - 8.5) = 9.5 hours

Saturday = 8am - 12pm (18 - 14) = 4 hours

Sunday = 8am -12pm (18 - 14)= 4hours

Total hours worked = 8 + 10 + 8 + 10.5 + 9.5 + 4 + 4

= 54hours

(c) To calculate the regular earning

Hours worked × regular wage rate

= 40 × 13.78

= $551.2

(d) To calculate the overtime earning

Overtime is used to be paid at rate of time and a half, since overtime occurs on the following days

Tuesday = 10 hours(8 .5 - 10) = 1.5

Thursday = 10.5 hours (8.5 - 10.5) = 2.0

Friday = 9.5 hours (8.5 - 9.5) = 1.0

Overtime hour × regular wage rate

Tuesday = 1.5 × 13.78 = $20.67

Thursday = 2.0 × 13.78 = $27.56

Friday = 1.0 × 13.78 = $13.78

Total overtime earning = 20.67 + 27.56 + 13.78

=$62.01

(e) The total earning

= hours worked × Total hours worked per week

= 54 × 13.78

=$744.12

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Opal Company manufactures a single product that it sells for $100 per unit and has a contribution margin ratio of 30%. The compa
yarga [219]

Answer:

$490,000.

Explanation:

To find out sales of Opal Company we will use below equation,

Sales = Variable cost + Fixed cost + Target profit

variable cost margin will be (1 - contribution margin)

= 0.7 (1 - 0.3)

we will consider sales as x,

x = 0.70x + $49,000 + 0.20x

x = 0.90x + $49,000

x - 0.90x = $49,000

x = $49,000 / 0.10

x = $490,000.

Sales = $490,000.

7 0
3 years ago
Suppose the consumer price index (CPI) stands at 240 this year. If the inflation rate is 5 percent, then next year's CPI will eq
denis23 [38]

Answer:

c. 252

Explanation:

Calculation of what the next year's CPI will equal

Using this formula

Next year's CPI=[Consumer price index (CPI) +(Consumer price index (CPI) *Inflation rate

Let plug in the formula

Next year's CPI=[240+(240*5%)]

Next year's CPI=240+12

Next year's CPI=252.

Therefore the next year's CPI will equal 252

4 0
3 years ago
Which of the following is not a correct statement about noncontrolling interest?
kicyunya [14]

Noncontrolling interests are entitled to preference in dividends and payouts in liquidation is not a correct statement about noncontrolling interest.

Option B

<u>Explanation: </u>

Non-controlling interest (NCI) is the part of the equity in a corporation not directly related to a parental company that has a controlling interest (above 50% but below 100%) and strengthens the financial results of the corporation with its own.

Suppose, for example, that Alpha acquires 80 percent of Sierra's outstanding stock. As Alpha controls over 50% of the Sierra region, Alpha consolidates the financial performance of Sierra that has its own financial results.

Alpha's balance sheet reports as NCI 20 percent of the Sierra equity which Alpha does not own. In proportion to their amounts of holding, the Incorporated Net Income is assigned to parental and non-controlling interest parties (minority shareholders); 80% to Alpha and, in this situation, 20% to un-controlling interest.

7 0
3 years ago
Does break even point shows how profitable a company is???
steposvetlana [31]

Answer:

The break even point of a company shows how much of your goods or services you need to sell in order to cover all of your costs. It will then give you an idea of how much you need to sell in order to become profitable.

Explanation:

6 0
3 years ago
Short-term investments are intended to be converted into cash within the longer of one year or the operating cycle of the busine
IceJOKER [234]

Answer:

True

Explanation:

The reasons why many companies invest in other companies includes

1. Due to excess cash not needed immediately, so invested to earn additional income to use for operations

2. Long- term strategic reasons etc

The criteria for a current asset is that the investment must be liquid and be able to convert to cash within one year (or become a long-term investment).

Short-term investments

This is a current assets. It is also called marketable securities. This is a form of an investments made in marketable securities that can be converted easily to cash which a company plans to hold for 1 year or less than one year.

The 3 categories of short-term investments. They includes:

1. Trading securities

2. available-for-sale securities

3. Held to maturity investment.

4 0
3 years ago
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