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How much will net income change

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Q1. Charles earns an annual salary of $72,100 paid biweekly based on a regular workweek of 36.25 hours. His company generously pays all overtime at twice his regular wage. If Charles worked 85.5 hours over the course of two weeks, what are his gross earnings?

Q2. In the current year, a small Holiday Inn franchise had sales of $1,800,000, fixed costs of $550,000, and total variable costs of $750,000. Next year, sales are forecast to increase by 25% but costs will remain the same. How much will net income change (in dollars)?

Reference no: EM132961704

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