Calculate the typical pay before overtime was cut

Assignment Help Financial Econometrics
Reference no: EM13329170

Cycling through Pittsburgh, Pennsylvania, to look at its industrial heritage is an event open to the public. This intriguing ride is laced with the economic challenges that steel mills in Pittsburgh and other areas in the United States have faced resulting in company reductions and shutdowns. Situations similar to the following example are not uncommon. Full-time employees (40 hours per week) at the local steel mill were used to earning up to 10 hours of overtime in a two-week time period. They would typically work five overtime hours Monday through Friday and five overtime hours on the weekend. Many got used to the extra pay and began living beyond the means of their regular pay. Then overtime was cut. The average laborer's pay is $25 an hour. They earned 1.5 times their regular hourly pay for overtime Monday through Friday and 2 times their regular hourly pay on weekends and holidays.

Calculate their typical pay before overtime was cut.

Calculate their percent pay lost when overtime was cut.

Reference no: EM13329170

Questions Cloud

Define the cheetah constructor to accept and initialize : Design and implement a class called Cheetah that contains instance data that represents the cheetah's name, age, weight, length and gender.
Calculate the escape velocity for a planet : Calculate the escape velocity for a planet that has twice the mass of Earth and is half the size of Earth
Find the work done on the jet by the catapult : A fighter jet is launched from an aircraft carrier with the aid of its own engines and a steam-powered catapult. The thrust of its engines is 3.26 x 105 N. What is the work done on the jet by the catapult
Design and implement a class called cheetah : Create a method that calculates the time required to travel between the starting point and stopping point of the line based on a given speed.
Calculate the typical pay before overtime was cut : Full-time employees (40 hours per week) at the local steel mill were used to earning up to 10 hours of overtime in a two-week time period. They would typically work five overtime hours Monday through Friday and five overtime hours on the weekend.
Calculate the schwarzschild radius of a blackhole : Most of the blackholes observed by astronomers have masses equal to a few solar masses (the result of the death of a high mass star) or have masses equal to several million solar masses
What are the temperature and pressure inside the container : The nuber density in a container of neon gas is 5.00X10^25 m^(-3). The atoms are moving with an rms speed of 660m/s. What are (a) the temperature and (b) the pressure inside the container
Explain the molar solubility of magnesium hydroxide : What is the molar solubility of magnesium hydroxide: in water, in pH 12.00 buffer, and in 0.50M magnesium nitrate
What is the yield on 3-yield on 3 years treasury securities : the real risk-free rate is 2.75%, inflation is expected to be 1.5% this year and 3.75% during the next 2 years. assume that the maturity risk premium is zero. what is the yield on 2-year treasury secutities

Reviews

Write a Review

Financial Econometrics Questions & Answers

  Construct a spreadsheet simulation to simulate 100 customers

Supermarket customers load their carts with goods totaling between $5 and $200 uniformly (continuously) distributed; call this the raw order amount. Assume that customers purchase independently of each other.

  Find what value would be assigned the existing roof

A new roof would last 20 years, but would cost $20,000. The house is expected to last forever. Assuming the costs will remain constant and that the interest rate is 5% what value would you assign the existing roof

  How much value did management add to stockholders wealth

For 2012, Everyday Electronics reported $22.5 million of sales and $18 million of operating costs (including depreciation). The company has $15 million of investor-supplied operating capital.

  Determine what is wirelesss debt ratio of liabilities

wireless communications has a total asset turnover of 2.66, total liabilities of $1,004,162, and sales revenues of $7,025,000. What is Wireless's debt ratio

  What amount would appear in statement for operating income

Assume the company's accountant prepared a multiple-step income statement. What amount would appear in that statement for operating income. Ignore EPS disclosures.

  Determine appropriate amount and classification of each item

Unearned revenue of $78,000 is included as a current liability even though only two-thirds will be earned in 2014. Determine the appropriate amount and classification of each of the following items (in order of liquidity).

  What are options market value and the stocks current price

The exercise price on one of the First Link Investment corporation's call option us $15, its exercise value is $22 and its premium is $5. what are the option's market value and the stock's current price

  Determine what would the portfolio new beta be

The portfolio beta is 1.12. Now suppose you decided to sell one of the stocks in your portfolio with a beta of 1.0 for $7500 and use the proceeds to buy another stoc with beta of 1.75.

  Calculate the new loan payments and then the present value

Casino.com Corporation is building a $25 million office building in Las Vegas and is financing the construction at an 80 % loan-to-value ratio, where the loan is in the amount of $20,000,000.

  What is meant by the terms and accumulated depreciation

Six months ago, you invested $350,000 to become a partner in a medical practice in which you have a 50% ownership interest. Today, your partner defaulted on the payments for a $2 million Open MRI system that is used by the partnership.

  What is amount of the margin call for maintenance margin

You own 300 shares of stock which dropped drastically in value today down to $13.50 a share. You have a margin loan of $2,880. What is the amount of your margin call if the maintenance margin is 40 percent

  Determine what is required rate of return on the firms stock

A major new client, the Northwestern Municipal Alliance, has requested that Mutual of Seattle present an investment seminar to the mayors of the cities in the association, and Strother and Tibbs, who will make the actual presentation

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd