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Denise Cruz receives a regular salary of $900 a month and is entitled to overtime pay at the rate of one and one-half times the

KengaRu [80]

Answer:

Overtime rate is $8.4375 per hour

Explanation:

Given the information:

regular salary of $900 a month
over time rate = 1.5 regular rate

As we all know that, overtime pay rate is more than the regular pay rate because that person work more than her/his standard hours

In this situation, the standard hours is 40 hours per week.

=> Total Number of Hours worked in a month

= 40 x 4

= 160 hours

=> Regular rate per hour

= $900 / 160 = $5.625 per hour

=> Overtime rate

= $5.625 x 1.5 = $8.4375 per hour

Hope it will find you well.

3 0

2 years ago

On January 1, 2019, Lynch Company acquired 13% bonds with a face value of $50,000. The bonds pay interest on June 30 and Decembe

My name is Ann [436]

Answer:

1) CR Cash/Bank $51,229.35 , DR Bonds Receivable Account $50,000 and DR Premium on Bond Payable Account.

(2) Please see attached for Investment Interest Income Amortization Schedule

(3) Recording of Interest Received

June 30, 2019

CR Income statement (Interest Received) -$3,000, CR Premium on Bond Receivable $250

December 31, 2021

CR Income Statement (Interest Received) -$2915.44

Explanation:

(1) CR Cash/Bank $51,229.35 , DR Bonds Receivable Account $50,000 and DR Premium on Bond Payable Account.

(2) Please see attached for Investment Interest Income Amortization Schedule

(3) Recording of Interest Received

June 30, 2019

CR Income statement (Interest Received) -$3,000, CR Premium on Bond Receivable $250

December 31, 2021

CR Income Statement (Interest Received) -$2915.44

Download xlsx

5 0

2 years ago

In terms of the Job Characteristics Model, feedback refers to the extent to which _____.

Bond [772]

Answer:

(E). A person receives clear information about performance effectiveness from the work itself.

Explanation:

According to the Job characteristics model, an employee gets motivation from the job itself, and there are five characteristics that improve an employee's performance on the job. One of these characteristics is "feedback".

The model defines feedback as the <u>extent to which an employee receives information about how effective his or her job performance has been.</u>

8 0

2 years ago

Department A had a beginning inventory balance of 25 units which were 40% complete. During the accounting period, the department

GarryVolchara [31]

Answer:

the equivalent units of production is 250 units

Explanation:

The computation of the equivalent units of production is units under FIFO method is shown below:

= Opening inventory balance in units + additional units - ending inventory balance units

= 25 units + 275 units - 50 units

= 250 units

hence, the equivalent units of production is 250 units

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

And, the same is to be considered

5 0

2 years ago

Which of these transactions would produce $10,000 of revenue in December? (check all that apply) BOC Realty leases space to a te

Luba_88 [7]

Answer:

From the given question, the following transactions would produce $10,000 of revenue in December which are:

BOC Realty leases space to a tenant for December and the tenant pays the $10,000 rent in cash in December = YES

BOC Realty leases space to a tenant for December and sends a bill for the $10,000 rent to be paid in January =YES

BOC Realty leases space to a tenant for December and January. the tenant pre-paid the $20,000 rent for the two months in November=YES and BOC Bank is owed $10,000 of interest on a loan for December and receives the payment in January =YES

Explanation:

Solution

Given that:

Now,

From the question stated it says that which of these transactions would produce $10,000 of revenue in December,

Thus,

BOC Realty leases space to a tenant for December and the tenant pays the $10,000 rent in cash in December = YES

BOC Realty leases space to a tenant for December and sends a bill for the $10,000 rent to be paid in January =YES

BOC Bank is owed $10,000 of interest on a loan for December and receives the payment in January =YES

BOC Bank receives a check for $10,000 in December for November's interest amount =NO

BOC Realty leases space to a tenant for December and January. the tenant pre-paid the $20,000 rent for the two months in November=YES

6 0

2 years ago