Gross pay for that week

Assignment Help Accounting Basics
Reference no: EM13970893

Kyle Forman worked 43 hours during the week for Erickson Company at two different jobs. His pay rate was $14.70 for the first 40 hours, and his pay rate was $11.90 for the other 3 hours.

Round your overtime rate and other interim computations to two decimal places and use the rounded amount in subsequent computations. Round the final answers to the nearest cent.

Determine his gross pay for that week if the company uses the one-half average rate method.

Reference no: EM13970893

Questions Cloud

What level of pretax operating profit : Sara Inc is considering a five-year project to improve its production efficiency. The new machine has an initial investment of $480,000. The salvage value at the end of the project will be $80,961. The machine also requires an initial investment in s..
Should the company buy and install the vending machine : You have been asked by the president of your company to evaluate the proposed acquisition of a new vending machine. The machine’s basic price is $100,000 and it will cost another $20,000 to modify it for special use by your firm. What is the operatin..
Financial distress different from agency benefit of leverage : What are agency costs, and how are agency costs of financial distress different from agency benefits of leverage? Explain their impact on calculating the value of a firm with financial distress.
Find all the equilibrium points of these equations : Find all the equilibrium points of these equations - classify each equilibrium point of this non-linear system as far as Possible by considering the Jacobian matrix.
Gross pay for that week : Determine his gross pay for that week if the company uses the one-half average rate method.
Dividend payment process and open-market repurchase process : What are the dividend payment process and the open-market repurchase process? In your answer, be sure to explain the effects they have in a perfect world.
Present value and rate of return of project : If Solitaire undertake the project, what is the net present value and rate of return of the project for Solitaire?
Consider when making the cash flow estimates : For what reasons would a firm use a financial model in projecting future cash flows from an investment, and what are the primary factors to consider when making the cash flow estimates?
Joint return and claim clark : Clark, a 12-year-old child, lives with his parents. During the current year, Clark earned $2,400 delivering newspapers. This was his only income. Clark's parents file a joint return and claim Clark as a dependent. Considering this information, whi..

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