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alexdok [17]
4 years ago
5

Sandra wilson is paid one and one-half times the regular hourly rate for all hours worked in excess of 40 hours per week and dou

ble time for work on sunday. wilson's regular rate is $12 per hour. during the week ended july 3, she worked 9 hours each day from monday through friday, 6 hours on saturday, and 4 hours on sunday. wilson's overtime earnings for the week ended july 3 are
Business
1 answer:
Inessa05 [86]4 years ago
4 0

To calculate Sandra's overtime earnings, you will need to find how many overtime hours Sandra worked and then calculate the amount per hour she will make for the hours over 40 she worked through Saturday.


You will calculate her earnings per hour on Sunday by doubling her per hour rate and then multiplying by the number of hours worked on Sunday.


1. M - F (9 x 5 = 45 hours), so 5 hours overtime and Saturday - is 6 hours (6 + 5 = 11 hours overtime through Sat).


2. $12 x 1.5 = $18 per hour overtime rate; 18 x 11 = $198 through Sat.


3. Sunday: $12 x 2 = $24 per hour; $24 x 4 = $96 on Sun.


4. $198 + $96 = $294


Sandra earned $294 in overtime.

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a. Compensation expense related to the options to be recorded each year, allocated with separate tranches:

Vesting Date   Amount Vesting   Fair Value     Compensation

                                                     per Option         Expense

Dec. 31, 2018       25% = 80,000       $4.00            $320,000

Dec. 31, 2019      25% = 80,000        $4.40              352,000

Dec. 31, 2020     25% = 80,000       $4.80               384,000

Dec. 31, 2021      25% = 80,000       $5.60               448,000

Total                 100%   320,000                           $1,504,000

b. Compensation expense related to the options, allocated using the straight-line method:

= $376,000

Explanation:

a) Data and Calculations:

Executive stock options issued = 320,000

Options exercise price = $28 per share

Number of tranches for the options = 4

Number of options exercisable in each tranche = 80,000

Vesting Date   Amount Vesting   Fair Value     Compensation

                                                     per Option         Expense

Dec. 31, 2018       25% = 80,000       $4.00       $320,000 (80,000 * $4.00)

Dec. 31, 2019      25% = 80,000        $4.40         352,000 (80,000 * $4.40)

Dec. 31, 2020     25% = 80,000       $4.80          384,000 (80,000 * $4.80)

Dec. 31, 2021      25% = 80,000       $5.60          448,000 (80,000 * $5.60)

Total                 100%   320,000                      $1,504,000

Compensation expense, using the straight-line method = $376,000 ($1,504,000/4)

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Answer:

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Explanation:

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Answer:

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C. Best use resources to maximize satisfaction of economic wants

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Human wants are unlimited however, the resources available to satisfy these wants are limited hence choices have to be made in other of importance for the allotment of the limited resources in satisfying the unlimited wants resulting in scale of preference and opportunity cost.

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By improving an organization process we analyze all the processes in the business and also optimize the quality.

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