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garri49 [273]
3 years ago
10

you worked from 9:00 am to 7:00 pm with a 45 minute unpaid lunch and an unpaid 15 minute break. you will be paid time and 1/2 fo

r any time over 8 hours. your regular hourly wage is $12.50 what will be you be paid in overtime
Business
1 answer:
Viktor [21]3 years ago
5 0

Answer:

His overtime wage = $18.75

Total wages for one day = $118.75

Explanation:

Given,

He worked from - 9:00 am (Internationally - 9:00)

He stopped at - 7:00 pm (Internationally - 19:00)

Therefore, he worked for = (19:00 - 9:00) = 10 hours

Again,

He had unpaid 45 minute lunch break

He had unpaid 15 minute break

Total unpaid time = (45 + 15) minutes = 1 hour.

Therefore, he will be paid for = 9 hours

Again,

His normal wage = $12.50 per hour

<em>His overtime wage = 1.5 times of his normal salary = $12.50*1.5 = $18.75</em>

Since he worked more than 8 hours, he worked 1 overtime hour. Therefore,

(8 hours x $12.50) + (1 hour x $18.75) = $118.75

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Juanita owns 60% of the stock in a C corporation that had a profit of $200,000 in the current year. Carlos owns a 60% interest i
Ivan

Answer:

The statement which is incorrect or not true is Option A.

Explanation:

Juanita owns 60% of stock in the corporation, so from the profit of $200,000 in the current year, she should report

= $200,000 × 60%

= $120,000

But the Corporation distributed $45,000 to Juanita. Therefore, she should report only $45,000 for this year not $120,000.

Therefore, the first option is incorrect.

4 0
3 years ago
JG Asset Services is recommending that you invest $1,500 in a 5-year certificate of deposit (CD) that pays 3.5% interest, compou
skelet666 [1.2K]

Answer:

So after 5 year total amount will be $1781.529

So option (a) is correct option

Explanation:

We have given that JG Asset is recommending that you invest $1500 for 5 years at rate of 3.5%

So principle amount P = $1500

Rate of interest r = 3.5 %

Time n = 5 years

We know that when total amount is given by

A=P(1+\frac{5.5}{100})^n, here r is rate of interest and n is time period

So amount after 5 years will be

A=1500(1+\frac{3.5}{100})^5=$1781.52

So after 5 year total amount will be $1781.529

So option (a) is correct option

5 0
3 years ago
How would recession effect the economic
Virty [35]

Answer:

Recession cause standard monetary and fiscal effects.

Explanation:

Recession impact all kinds of business, large and small,due to tightening credit conditions, slower, demand, and general fear and uncertainty.

6 0
3 years ago
org303 According to the textbook, the most important reason for organizations to rely on research is that it ultimately
Leviafan [203]

Answer:

Explanation:

The most important reason for organizations to rely on research is that it ultimately provides the organization with insight on how a specific decision will perform in the target market and what effects it will have on the company. This is because research provides valuable information such as a target population's interests, hobbies, spending behaviors, needs, likes/dislikes, etc. All of which are factors that help determine if that population will buy a certain product and increase the organizations revenue.

7 0
3 years ago
The condensed income statement for the Consumer Products Division of Fargo Industries Inc. is as follows (assuming no service de
hichkok12 [17]

Explanation:

The computation is shown below:

For return on investment

Return on investment = Income from operations ÷ invested assets

= $13,200,000 ÷ $55,000,000

= 0.24 or 24%

For Investment turnover

Investment turnover = Sales ÷ Invested assets

= $82,500,000 ÷ $55,000,000

= 1.5

For Profit margin

Profit Margin =  Income from operations ÷ Sales

= $13,200,000 ÷ $82,500,000

= 0.16 or 16%

The return on investment

= Profit margin × investment turnover

= 16% × 1.5

= 24%

4 0
3 years ago
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