1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
The Robinson-Patman Act of 1936 Group of answer choices made conspiracy in the restraint of trade illegal. made price discrimina
kvv77 [185]

Answer:

The correct option is: attempted to decrease the failure rate of small businesses by protecting them from the competition of large and growing chain stores

Explanation:

The  Robinson-Patman Act. was an amendment to  Clayton aniti-trust Act,it was enacted to address the issue of price discrimination.

The Act provided that businesses should charge the same prices to consumers not minding who the buyers are,hence the practice of higher bargaining power of large retail  stores using their buying strength to buy in large quantity at lower price was nipped in the bud.

Previously,these large retail stores were able to buy at cheaper prices compared to smallholder retailers and were able to sell at cheaper prices too,thereby driving the retailers out of business.

6 0
4 years ago
Chrysler has a bond outstanding with eight years remaining to maturity, a coupon rate of 5 percent, and semiannual payments. If
Snezhnost [94]

Answer:

10%

Explanation:

Calculation to determine the yield to maturity

Using financial calculator

FV= 1,000

N=2*8= 16

PMT=$1,000(0.05)/2 =$25 semiannual

PV -$729.05

I/Y = 5% semiannual

YTM=?

Hence,

YTM=10% YTM

Therefore the yield to maturity is 10%

7 0
3 years ago
Kurnick Co. expects that the pound will depreciate from $1.70 to $1.68 in one year. It has no money to invest, but it could borr
Alik [6]

Answer:

Expected Profit of $21,000.

Explanation:

Kurnick Co. Initial amount borrowed = 1,000,000 pounds

Kurnick Co. converts the amount to dollars = 1,000,000 * 1.70 = $1,700,000.

Invests in 5% risk-free deposit.

Total dollar amount at the end of 1 year = $1,700,000 x 1.05 = $1,785,000.

Total amount owed on the pounds borrowed = 1,000,000*1.05 = 1,050,000 pounds.

Expected amount of dollars needed to repay the loan = 1,050,000 x 1.68 = $1,764,000.

Profit = $1,785,000 - $1,764,000 = $21,000.

7 0
4 years ago
Using the high-low method, what is the variable cost? $2 per direct labor-hour $2.31 per direct labor-hour $.30 per direct labor
d1i1m1o1n [39]

Answer:

$0.30 per direct labor-hour

Explanation:

The computation of the variable cost per direct labor is shown below:

Variable cost per direct  hour = (High maintenance cost incurred - low maintenance cost incurred) ÷ (High direct labor hours - low direct labor hours)

= ($4,000 - $1,900) ÷ (9,000 hours - 2,000 hours)

= $2,100 ÷ 7,000 hours

= $0.30 per direct labor-hour

3 0
3 years ago
Describe the characteristics of sole proprietorships, partnerships, limited partnerships, and joint ventures
raketka [301]

Answer:

The characteristics of each business types are given below:      

Explanation:

<u>Sole Proprietorship</u> is the type of business in which the liability is limitless. Due to this issue, the owner is solely responsible to pay off the debts of company from his personal owned assets if the business goes bankrupt.

<u>Partnership</u> is just like sole proprietorship but here the partners are the only responsible persons to payoff the debt of the company because the liability is limitless. The burden of the company debts is equally shared among the partners.

<u>Limited Partnership</u> is less risky because the liability is limited and only the amount invested in the business is subjected to the payment of borrowings from the lenders. The limited partner is responsible for his actions which means if his misdeed resulted in fine then it would be paid from his share first and then the other partners are equally liable for compensation if their is still any amount left. The resources of all the partners help to grow the business and the best resource here is the partner's knowledge in the core operation of the business.

In the case of <u>Joint Venture</u>, two or more than two limited liability companies jointly invest in a single project by pooling their resources in it to gain maximum benefit out of the business. So as the limited liability companies are the partners in the joint venture, the liability is limited and the burden of the payment of the liability falls on the company partners. So the investor is not subjected to pay the debts of the company because the limited liability company is a separate entity and is solely liable to pay for its debts.

4 0
3 years ago
Other questions:
  • ILK has preferred stock selling for 95 percent of par that pays a 9 percent annual coupon. What would be ILK’s component cost of
    8·1 answer
  • The projections for a new project show sales of 8,500 units, give or take 5 percent. The expected variable cost per unit is $28.
    13·1 answer
  • If there is a decrease in the short-run aggregate supply curve and no changes in fiscal policy are implemented, the economy over
    6·1 answer
  • DesignIt!, a fashion company, has plans to be the sales leader in women's fashion. To achieve this goal the CEO has analyzed the
    15·1 answer
  • Amber is in the process this year of renovating the office building (originally placed in service in 1976) used by her business.
    13·1 answer
  • George
    10·1 answer
  • Why are high seas fisheries classified as common pool resources? Select one: a. It is possible to exclude a person from the high
    5·1 answer
  • A worker can choose high (H) or low (L) effort. If the worker chooses high effort, she incurs a personal cost of 1. In this case
    10·1 answer
  • The many successful movies produced by Disney are evidenced not only in the movies themselves, but in the various merchandise th
    15·1 answer
  • Issued by corporations, these financial instruments fund their long-term financing requirements and have less risk than equity s
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!