Refer to the time card and compute the following:a. The daily total hours. Enter any fraction of an hour as a decimal. For example 24 hours would be entered as 2.25.TuesdayWednesdayThursdayFridaySaturdayhoursNote: For b through d below, round the final answer to two decimal places.b. The total hours for the week.hoursc. The regular weekly earnings.$e. The total weekly earnings.RFd. The overtime earnings (company rounds O.T. rate to 3 decimal places).5TA6J'HhoursF2hours.hourshoursоне 7z78K9066°F+8:38A9/6/2033 2-10A LO 3, 4 See Figure 2.3 on page 2-21Potts, Inc., recently converted from a 5-day, 40-hour workweek to a 4-day, 40-hour workweek, with overtime con-tinuing to be paid at one and one-half times the regular hourly rate for all hours worked beyond 40 in the week. Inthis company, time is recorded under the continental system, as shown on the time card below.Sue Ellen Boggs is part of the Group B employees whose regular workweek is Tuesday through Friday. The work-ing hours each day are 800 to 1200; 1230 to 1630; and 1800 to 2000. The company disregards any time before 800,between 1200 and 1230, and between 1630 and 1800, and permits employees to ring in up to 10 minutes late beforeany deduction is made for tardiness. Deductions are made to the nearest % of an hour for workers who are morethan 10 minutes late in ringing in.Refer to the time card and compute:na. The daily total hours.b. The total hours for the week.c. The regular weekly earnings.d. The overtime earnings (company rounds O.T. rate to 3 decimal places).e. The total weekly earnings.....No.160Name Sue Ellen BoggsTime Mon Tues Wed Thurs Fri SatH2002 2001 2005 20001801 1809 1802 180018ESS3드Daily (a)TotalsHr. Rate $10.45O.T. Rate $15.675Q1630 1631 1630 16351230 1231 1230 12381200 1202 1200 1203 1201755 750 813 759 800?Total forWeekRemarks 13 minutes lateThursday -deduct 14 hr.(b)√xXXDo

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Refer to the time card and compute the following: a. The daily total hours. Enter any fraction of an hour as a decimal. For example 24 hours would be entered as 2.25. Tuesday Wednesday Thursday Friday hours Saturday hours Note: For b through d below, round the final answer to two decimal places. hours hours hours

Refer to the time card and compute the following: a. The daily total hours. Enter any fraction of an hour as a decimal. For example 24 hours would be entered as 2.25. Tuesday Wednesday Thursday Friday hours Saturday hours Note: For b through d below, round the final answer to two decimal places. hours hours hours

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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