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Katyanochek1 [597]
3 years ago
6

t's Manuel again. But now that we are getting to know him, we just call him Manny. So....Manny gets called in to work seven days

in a single week. He is called in on Sunday, the first day of the work week, and he works seven hours a day, Sunday through Friday. Then he is asked to come in on Saturday, and to work for eight more hours. He is now making $12 an hour. How much does he get in gross pay for the week?
Business
1 answer:
gogolik [260]3 years ago
7 0

Answer:

The answer is: Manny´s gross pay for the week is $600.

Explanation:

Depending on the culture and religion of the place, some calendars start the week at Sunday and ends at Saturday. So if Manny worked from Sunday to Saturday, all his work was done within one week.

We don´t have additional information to calculate overtime so we must consider the same pay per hour worked ($12/hour).

During six days he worked 7 hours per day, that totals (6 days x 7  hours /day = 42 hours). During the last day of the week he worked 8 hours. So we just add up all the hours Manny worked that week (42 + 8 = 50 hours).

To calculate Manny´s total gross pay for the week we just multiply

           50 hours x $12/hour = $600

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On January 1, 2021, Blair Company sold $800,000 of 10% ten-year bonds. Interest is payable semiannually on June 30 and December
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Answer:

$42,480

Explanation:

Given that,

Value of bonds = $800,000

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= 12% / 2 (because the interest is payable semiannually on June 30 and December 31)

= 6%

Therefore, the semi-annual bond interest expense:

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Hence, the Blair should report bond interest expense for the six months ended June 30, 2021 in the amount of $42,480.

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= [$800,000 × (10%/2)]

= $800,000 × 5%

= $40,000

So, the amortization for bond discount is the difference between actual cash paid and bond interest expense:

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= $2,480

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Answer:

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