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insens350 [35]
2 years ago
7

Luis makes $23. 10 per hour at his job for the first 40 hours he works each week. If he works more than 40 hours, then Luis make

s $34. 65 per hour. If Luis works 46 hours in one week, how much does he earn? a. $1,062. 60 b. $1,097. 25 c. $1,131. 90 d. $1,593. 90.
Business
1 answer:
morpeh [17]2 years ago
4 0

The correct statement will be that Luis earns $1131.90 in each week if he works for more than 46 hours at the standard rates of the salary. So, the correct option is C.

The amount can be calculated by the summation of the first 40 hours at the normal rate of salary and the next 6 hours at the increased rate of salary as given in the example above.

  • Hourly pay is the rate of salary where the salary is not determined upon the work done in number of hours and does not get determined on the performance during such hours of service.

  • We can calculate the rate of salary as using the calculations below,

  • \rm Salary\ for\ First\ 40\ Hours= 40\ x\ \$23.10\\\\\\\rm Salary\ for\ First\ 40\ Hours=\$924

  • Now calculating the salary for the additional 6 hours worked at the newer rate as below using the similar formula,

  • \rm Salary\ for\ First\ 40\ Hours=6\ x\ \$34.65\\\\\\\rm Salary\ for\ First\ 40\ Hours= \$207.90

  • We have the values of salaries of both such hours. Now doing the summation of both the salaries we get,

  • \rm Total\ Salary= \rm Salary\ for\ First\ 40\ Hours+\rm Salary\ for\ 6\ Hours\\\\\\\rm Total\ Salary= \$924+ \$207.90\\\\\\\rm Total\ Salary= \$1131.90

  • It is obtained that Luis earned $1131.90 for the week at the different rates of hourly pays as provided.

Hence, the correct option is C that Luis has earned $1131.90 by working 46 hours in a week.

To know more about hourly pay, click the link below.

brainly.com/question/13945697

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Answer:

C.

Explanation:

The law of demand states that when the price of a good or service increases, the quantity demanded decreases and when the price decreases the quantity demanded increases (other things constant).

Is not option A because it says changes in income and not changes in prices. Is not option B because it says the opposite that the law of demand states: when the muffins price is low, Melissa buys fewer than when the price is high. Is not option D because the law of demand is not directly related with substitute goods. It is option C because when the price is low ($0.25) Dave buys more donuts than when the price is high ($0.50)

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If you follow the law you also
Vlad1618 [11]
C. a and b is the correct answer
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3 years ago
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Which of the following companies offers the greatest total employment compensation? Company A Company B Company C Company D Gros
lisov135 [29]

Answer:

  • <u><em>Company C</em></u>

Explanation:

To calculate the <em>total employment compensation</em> each company offers, add all the corresponding benefits and subract all the corresponding expenses:

                         Company A   Company B   Company C   Company D

Gross Pay          $37,600        $36,800         $38,100         $39,000

Paid insurance  $2,800           $2,400          $2,100           $1,800

Paid time off      $3,100             $3,600         $2,900          $2,500

Job expenses   $1,200             $600            $300              $800

<u><em>Company A:</em></u>

  • $37,600 + $2,800 + $3,100 - $1,200 = $42,300

<em><u>Company B:</u></em>

  • $36,800 + $2,400 + $3,600 - $600 = $42,200

<em><u>Company C:</u></em>

  • $38,100 + $2,100 + $2,900 - $300 = $42,800

<em><u>Company D:</u></em>

  • $39,000 + $1,800 + $2,500 - $800 = $42,500

The greatest total employment compensation is that of Company C ($42,800)

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3 years ago
Discuss the notion of conservation of risk, the reduction of risk in one area is offset by increased risk in another area. As th
Eva8 [605]

Answer:

Part 1

remain constant, costs from different sources

Part 2

decreases, Leverage has a tax shield due to a deduction allowed for interest

Explanation:

Debt is another term used for Leverage. Addition of leverage does not affect the cost of equity. Cost of equity and cost of debt are costs from different sources

However, Leverage has a tax shield due to a deduction allowed for interest. Therefore as more debt is used, the cost of capital decreases. So weighted average cost of capital calculates costs from pooled resources

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Answer:

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Assuming there is no opening inventory of supplies. So the purchases mad is the only inventory which is in stock during the Month of June. Stock has been used during the month and at the end of the month it remains only $3,000.

Using following Formula we will calculate the supplies Expense.

Ending Inventory of supplies = Opening Inventory of supplies + Purchases - supplies Expensed in the period

$3,000 = $0+ $6,500 - Supplies Expensed in the period

$3,000 = $6,500 - Supplies Expensed in the period

$6,500 - $3,000 = Supplies Expensed in the period

Supplies Expensed in the period = $3,500

So, the entry will be

Debit supplies expense   $3,500

Credit supplies                 $3,500

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