PRACTICAL EXERCISE 1.3 Using the information given in the table below, calculate the total amount payable by the company to the employees using a formula. E B C Services Company Ltd Overtime Details Hours Worked 1 Rate Amount 3 Date Name 70 350.00 Kennedy Kennedy Mary Lewis 4 26-Nov 100 500.00 5. 26-Nov 6. 26-Nov 100 500.00 100 100 70 26-Nov 4 400.00 300.00 Judy Kennedy Lewis 8. 30-Nov 30-Nov 6. 420.00 10 30-Nov 100 500.00 4 70 280.00 11 12 Kennedy Judy Lewis 30-Nov 30-Nov 100 500.00 13 30-Nov 100 500.00 4 02-Dec Judy 4. 70 280.00 Total Amount

PRACTICAL EXERCISE 1.3 Using the information given in the table below, calculate the total amount payable by the company to the employees using a formula. E B C Services Company Ltd Overtime Details Hours Worked 1 Rate Amount 3 Date Name 70 350.00 Kennedy Kennedy Mary Lewis 4 26-Nov 100 500.00 5. 26-Nov 6. 26-Nov 100 500.00 100 100 70 26-Nov 4 400.00 300.00 Judy Kennedy Lewis 8. 30-Nov 30-Nov 6. 420.00 10 30-Nov 100 500.00 4 70 280.00 11 12 Kennedy Judy Lewis 30-Nov 30-Nov 100 500.00 13 30-Nov 100 500.00 4 02-Dec Judy 4. 70 280.00 Total Amount

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Analyze and review the following items and determine the appropriate journal entry. Record the journal entry
Q : 1 Calculate the labour “cost to company” of JP Mthembu for the week ended 13 July 2019.Q : 2 Suppose the expected labour cost of all the employees for the week was R150 000. It is possible that it may be reduced to R130 000 if overtime is avoided but due to productivity issues the cost could increase to R160 000.Calculate the expected labour cost using three-point cost estimating. INFORMATIONJP Mthembu is employed by Solar Manufacturers in Project P. The following are his wage details for the week ended 13 July 2019:Hours worked : Sunday - 4hoursMonday to Thursday - 8 hours:Friday - 9 hours:Saturday - 5 hoursPension fund: employee’s deduction - 7.5 of normal hoursPension fund: employer’s contribution - 9% of normal wagesUnemployment insurance fund: employee’s deduction - 1% of gross wageUnemployment insurance fund: employer’s contribution - 1% of gross wageRemuneration during normal working hours - R150 per hourNormal working week (Monday to Friday) - 8 hours per…
Computing Overtime Rate of Pay and Gross Weekly Pay Rebecca Huang receives a regular salary of $3,120 a month and is paid 12 times the regular hourly rate for hours worked in excess of 40 per week. a. Calculate Huang's overtime rate of pay. %$4 overtime pay per hour b. Calculate Huang's total gross weekly pay if she works 45 hours during the week.
Name Penny Bart Laura Sam +Lisa Bart: Penny: 40 regular hours * $15 = $600 2 overtime hours * (15*1.5) = $45 Commission: $8,500 * .03 = = $255 Total gross pay = $900.00 Laura: Time Worked Sam: 42 hours 55 hours 1 week 38 hours 50 hours Lisa: Rate of Pay $15.00 $12.50 $55,000 year $14.50 $8.00 Using the table above, calculate the gross earnings for each of the employees. Remember to take overtime hours into consideration. Also, calculate commission where applicable and add it to the gross hourly pay. Show your work! The first one is done for you. Commission % 3% 1% N/A N/A 2% Sales $8,500 $14,300 N/A N/A $22,050
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PSb 2-7 Calculate Gross Pay with Commissions Calculate gross pay for each the following employees. All are paid an overtime wage rate that is 1.5 times their respective regular wage rates. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. 1: Billy Fortuna earns both $11.45/hour and a 10% commission on all sales. During the most recent week, he worked 47 hours and made total sales of $8,800. Gross Pay = $ 2: Emily Robinson earns both $8.10/hour and $35 for every sale she completes. During the most recent week, she worked 55 hours and made a total of 49 sales. Gross Pay = $ 3: Richard Eisenhower earns both $14.90/hour and a 14% commission on all sales. During the most recent week, he worked 43 hours and made total sales of $5,700. Gross Pay = $ 4: Zoey Jefferson earns both $19.10/hour, $5 for every sale of Product A, and $18 for every sale of Product B. During the most recent week,…
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PSc 2-7 Calculate Gross Pay with Commissions Calculate gross pay for each of the following employees. All are paid an overtime wage rate that is 1.5 times their respective regular wage rates. NOTE: For simplicity, all calculations throughout this exercise, both intermediate and final, should be rounded to two decimal places at each calculation. 1: Dennis McDonald earns both $8.35/hour and a 13% commission on all sales. During the most recent week, he worked 49 hours and made total sales of $13,700. Gross Pay = $ 2: Cathy Miller earns both $10.40/hour and $17 for every sale she completes. During the most recent week, she worked 47 hours and made a total of 71 sales. Gross Pay = $ 3: Lenny Boyer earns both $7.75/hour and a 20% commission on all sales. During the most recent week, he worked 44 hours and made total sales of $7,800. Gross Pay = $ 4: David White earns both $11.10/hour, $13 for every sale of Product A, and $17 for every sale of Product B. During the most recent week, he…

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