Answer: the highest of the minimum wages.
Explanation:
The company will have the pay the minimum wage that is the highest because they are under the authority of all three governments and paying the highest minimum wage would ensure that they automatically follow the minimum wages set by the other two authorities.
For instance; the federal minimum wage is $7.25 per hour, the state minimum wage is $10 per hour and the city minimum is $12 per hour. When the company pays $12 an hour, they would be adhering to the city minimum and automatically adhering to the Federal and State minimums as well.
Answer:
Predetermined manufacturing overhead rate= $7.19 per direct labor hour
Explanation:
Giving the following information:
Estimated direct labor hours= 210,000
Estimated overhead costs= $1,510,000
<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 1,510,000 / 210,000
Predetermined manufacturing overhead rate= $7.19 per direct labor hour
Answer:
$8,000
Explanation:
this is the answer hopefully....
Answer:
$80
Explanation:
The computation of the price of preferred stock to sell is shown below:
Cost of preferred stock = Annual dividend ÷ required return on the preferred stock
= $5 ÷ 6.25%
= $80
Simply we divide the annual dividend by the required return on the preferred stock so that the correct price of preferred stock to sell can be computed