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David & Co. has seven employees who are paid weekly. For hourly wage employees, overtime is paid at 1 1/2 times more than the regular rate of pay, for hours worked over 40 in a week. Mary, the office manager, is paid a salary of $375.00 per week plus a bonus of 3 % of all revenue over $6,000 per week. Stan, an office assistant, is paid a salary of $250.00 per week plus 5% of all telephone sales made in the office. David, the office secretary, is paid a salary of $230.00 per week. Justin and William, placement workers, are paid an hourly wage of $8.95. Fernando is also a placement worker but is paid a commission of $35.00 for every job placement completed. Ryan, a part-time maintenance worker, is paid $6.75 per hour. For the week ending October 24th, the office recorded the following payroll information: Total office sales for the week were $8,420.00. Justin worked for 38 1/2 hours. William worked for 41 1/4 hours. Phone sales for the week were $1,375.00. Fernando made seven job placements. Ryan worked a total of 23 hours.
Instructions: Calculate the gross earnings for the workers at David & Co. for the week ending October 24th. Analyze and identify the employee who had the highest gross earnings
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: - Explain the goals and uses of special journals.
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Distinguish between liquidity and profitability.
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, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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