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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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The correct word for the blank space is:  cross-functional team.

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Kallie Smith, owner of Flower Hour, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charg
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Use your results to predict van operating costs at a volume of 15,000 miles.

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Explanation:

Month                 Miles driven           Van Operating Costs

January                    15,800                        $5,460

February                  <u>17,300</u>                         <u>$5,680</u>

March                       14,600                        $4,940

April                         16,000                         $5,310

May                           17,100                        $5,830

June                         15,400                        $5,420

July                           <u>14,100</u>                        <u>$4,880</u>

high cost - low cost = $5,680 - $4,880 = $800

high cost - low cost = 17,300 - 14,100 = 3,200 miles

variable cost per mile = $800 / 3,200 miles = $0.25 per mile

total variable cost when driving 14,100 miles = 14,100 miles x $0.25 per mile = $3,525

total fixed cost = $4,880 - $3,525 = $1,355

total cost = $1,355 + ($0.25 x total miles)

total cost (15,000 miles) = $1,355 + ($0.25 x 15,000) = $5,105

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Answer:

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Term= 25 years×2= 50 period

Coupon rate= 7%×1/2= 3.5%

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