Compute the total hours worked

Assignment Help Accounting Basics
Reference no: EM131809314

Assignment

Under the decimal system of computing time worked at Carman's Company, production workers who are tardy are "docked" according to the schedule shown below.

Minutes Late in Ringing in

Fractional Hour Deducted

1 through 6

1/10

7 through 12

2/10

13 through 18

3/10

19 through 24, etc.

4/10

The regular hours of work, Monday through Friday, are from 7:30 to 11:30 A.M. and from 12:30 to 4:30 P.M. During one week, Bernard Hoskins, who earns $12.95 an hour, reports in and checks out as shown below. Employees are not paid for ringing in a few minutes before 7:30 and 12:30 nor for ringing out a few minutes after 11:30 and 4:30.

(a)

DAY

AM

PM

HRS WORKED

M

In

Out

In

Out


7:28

11:31

12:50

4:31

T

7:35

11:30

12:30

4:30


W

7:44

11:33

12:27

4:32


Th

7:27

11:31

12:32

4:33


F

7:34

11:32

12:40

4:30


Refer to the partial time card and compute the following:

a. The hours worked each day. Enter any fraction of an hour as a decimal. For example 2 3/10 hours would be entered as 2.3.

b. The total hours worked. Round your answer to one decimal place.

c. The gross earnings for the week. Use the rounded total hours worked and round your final answer to the nearest cent.

Reference no: EM131809314

Questions Cloud

Construct the pbt graph : The time horizon i years. Is there a meaningful IRR? Is the project attractive? Construct the PBt graph.
Estimate the model defined as salary : American football is the highest paying sport on a per game basis. The quarterback, considered the most important player on the team, is appropriately.
Third dragline and conveyor system : A coal deposit can be mined more rapidly if a third dragline and conveyor system is added. The initial cost would be $1.5M.
What is the minimum price that can be accepted : If Arden has sufficient manufacturing capacity, what is the minimum price that can be accepted for the custom calculator
Compute the total hours worked : Under the decimal system of computing time worked at Carman's Company, production workers who are tardy are docked. Compute the total hours worked.
Draw a cash flow diagram for loan : (a) Draw a cash flow diagram for this loan and calculate the interest rate. (b) Prepare a one-page presentation to describe this to the class.
Provide you with a glimpse of what life is like in another : Select a movie or TV show that effectively communicates the culture, values, and norms of a society that is different from your own culture.
Institution for the different classes of parking : Gather information on one- and two- semester parking passes at your institution for the different classes of parking.
What actions should the company take : Ken refused to return the four extra checks. What actions should the company take

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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