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Sergeu [11.5K]
2 years ago
10

Cameron Tiller is paid one and one-half times the regular hourly rate for all hours worked in excess of 40 hours per week and do

uble time for work on Sunday. Tiller's regular rate is $12 per hour. During the week ended March 15, he worked 9 hours each day from Monday through Friday, 6 hours on Saturday, and 4 hours on Sunday. Tiller's total regular earnings for the week ended March 15 are:
Business
1 answer:
kozerog [31]2 years ago
4 0

Answer:

His regular earnings ( based on regular rates) is $480 while his total earnings for the week ended March 15 is $738.

Explanation:

Regular rate = $12 per hour

Rate for hours in excess of 40 hours per week

= (3/2) × $12

= $18

Rate for hours for Sunday is double

= 2 × $12

= $24

During the week ended March 15, 9 hours each day from Monday through Friday, 6 hours on Saturday, and 4 hours on Sunday

Period in excess of 40 hours during the week

= (9 × 5) + 4 - 40

= 9

Total regular earning = 40 × $12

                                   = $480

Additional earnings = (9 × $18) + (4 × $24)

                                 = $162 + $96

                                 = $258

Total earnings = $480 + $258

                        = $738

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Anchor, Inc. had income after taxes of $500,000 for the current year. An average of 125,000 shares of Anchor’s common stock was
Karolina [17]

Answer:

Basic EPS 3.95

Basic EPS Dilutive 3.337

Explanation:

Calculation for the basic and diluted EPS for the current year

First step is to find the convertible securities outstanding for the current year from 1 to 5

1. Numerator effect=6,000

(6%*100,000)

Denominator effect=15,000

[(100,000/10)*1.5]

ME=6000/15,000=.402.

2. Premium=5,000

[(105%-100%)*100,000]

Yearly Amortization= 500

5,000/10 years

Yearly Payment= 8,000

(8%*100,000)

Numerator effect= 8,000-500

= 7,500 * (100%-34%)= 4,950

Denominator effect= 100,000/1,000

= 100*90 per share= 9000

ME= 4,950/9,000

ME=.553.13 percent

3. Discount=900

[(100%-97%)*30,000]

Yearly Amortization=180

(900/5years)

Yearly Payment=3,900

Numerator effect= 3,900+180

=4,080*(100%-34%)

= 2,692.8

Denominator effect= 900

ME=2693/900

ME= 2.994.7 percent

4. Discount=3,000

(60,000/20)

Yearly Amortization=375

(3,000/ 8years )

Yearly Payment= 4,200

Numerator effect= 4,200+375

Numerator effect= 4,575*(100%-34%)

= 3,019.5

Denominator effect= 1,200

ME= 3020/1200= 2.525

5. Numerator effect= 55,000*(100%-34%)

= 36,300

(11%*500,000=55,000)

Denominator effect= 10,000

ME=36300/10000= 3.63

Second step is to calculate the basic and diluted EPS

Calcualtion for BASIC EPS

Net income = 500,000- (100,000*.06=6000)

Net income= 494,000

Average Outstanding=125,000

Using this formula

Basic EPS=Net income/Average Outstanding

Let plug in the formula

Basic EPS:494,000/125,000

Basic EPS=3.95

Therefore the Basic EPS will be 3.95

Calculation for BASIC EPS DILUTIVE

Dilutive=494,000+6,000+4,950+2,693+3,020/125,000+2,000+15,000+9,000+900+1200

Basic EPS Dilutive=510,663/153,000

Basic EPS Dilutive=3.337

Therefore Basic EPS Dilutive will be 3.337

8 0
2 years ago
Noor Patel has had a busy year! She decided to take a cross-country adventure. Along the way, she won a new car on the "Price Is
tekilochka [14]

Answer:

$16,100

Explanation:

The computation of the amount included in the federal taxable income is shown below:

= Winning of car price + winning amount + credit and sign up bonus

= $15,500 + $500 + $100

= $16,100

hence, the amount involved in the federal taxable income is $16,100

We simply applied the above formula so that the correct value could come

4 0
2 years ago
Dexter Mills issued 20-year bonds one year ago at a coupon rate of 10.2 percent. The bonds make semiannual payments and have a p
lukranit [14]

Answer:

$1,190.93

Explanation:

In this question, we use the present value formula that is shown in the attachment. Kindly find it below:

Given that,  

Future value = $1,000

Rate of interest = 8.2%  ÷ 2 = 4.1%

NPER = (20 years - 1 years) × 2 = 38 years

PMT = $1,000 × 10.2% ÷ 2 = $51

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the current bond price is $1,190.93

8 0
2 years ago
Paul's Dogs Corp. has 9 percent coupon bonds making annual payments with a YTM of 8.5 percent. The current yield on these bonds
Setler79 [48]

Answer:

4.17 years

Explanation:

For Bond,

Let's take Bond Par Value = $1,000

Coupon Rate = 9%

YTM = 8.5%

Current Yield = Annual Dividend/Current Price

0.0885 = 90/Bond Price

Bond Price = $1,016.95

Calculating Time left to Maturity,

Using TVM Calculation,

T = [FV = 1000, PV = 1016.95, PMT = 90, I = 0.085]

T = 4.17 years

So,

Time left to Maturity = 4.17 years

4 0
2 years ago
When Claire purchased her new cell phone, she was offered an opportunity to purchase a car charger and a cover together at a red
IgorLugansk [536]

Answer:

Price bundling strategy

Explanation:

Price bundling in business means combining several products or services into a single comprehensive package for an all-inclusive price that is reduced. Now Despite the fact that the items are sold for discounted prices, the benefit of price bundling is that it can increase profits because it promotes the purchase of more than one item. This is the strategy the cell phone provider used when Claire was purchasing her cell phone.

7 0
2 years ago
Read 2 more answers
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