Rosss compensation is to be changed from an hourly rate of $31.50 for a 40-hour week to

Question:

Ross’s compensation is to be changed from an hourly rate of $31.50 for a 40-hour week to a salary paid semimonthly. What should he be paid semimonthly in order for his annual earnings to remain the same?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

See More Books

Question Posted: Jan 20, 2016 06:27 AM

See More Questions

Larry Johnson owns Larrys Limousine, which operates a fleet of limousines and shuttle buses. Upon reviewing the most recent financial statements, he became confused over the recent decline in net...
Larry Johnson owns Larrys Limousine, which operates a fleet of limousines and shuttle buses. Upon reviewing the most recent financial statements, he became confused over the recent decline in net...
Luca Hanson owns Luca's Limousine, which operates a fleet of limousines and shuttle buses. Upon reviewing the most recent financial statements, he became confused over the recent decline in net...
The ordinary share capital of PP Ltd (a trading company) is owned 32% by QQ Ltd, 35% by RR Ltd and 23% by SS Ltd. The remaining 10% is owned by various individuals, none of whom own more than 1%. All...
Explain why home equity loans have become an important source of consumer credit.
Estimate the cross section of a 0 particle decay (into p + -, n + 0) if the time it takes for this electroweak interaction to occur is ~ 10-10 s.
Which of the four methods for handling missing data would tend to lead to an underestimate of the spread (e.g., SD) of the variable? What are some benefits to this method?
Carol Carpet manufactures broadloom carpet in seven processes: spinning, dyeing, plying, spooling, tufting, latexing, and shearing. In the Dyeing Department, direct materials (dye) are added at the...
Conduct a financial statement analysis of Verizon Communication Inc Cost structure.
After planning to build a new plant, Kallisto Backpack Manufacturing purchased a large lot on which a small building was located. The negotiated purchase price for this real estate was $1,200,000 for...
Hasad is paid an annual salary of $54,600 based on a 40-hour workweek. What is his gross pay for a biweekly pay period if he works 43 hours in the first week and 46.5 hours in the second week?...
Jasons gross pay for August is $3296.97 on sales totalling $151,342. If his base salary is $1500 per month, what is his rate of commission on sales exceeding his monthly quota of $100,000?
Dixon Company purchased several small pieces of equipment in May 20X5 for $ 600,000, which qualifies as a Class 8 asset for tax purposes. 30 September 20X6 Sold equipment bought in 20X5 for $ 40,000;...
To create 3 scenarios (positive, neutral and negative) for the development of the restaurant. Include the following important factors in your assessments: border trade as one of the most important...
Description of market segment Aged between 34 and 58 Regular commuters Clerical or professional Income over $50K Moderately price-sensitive but may see higher price as an indicator of quality...
How has the job of the manager changed over time (since the publication of the Mintzberg article below)? What factors have contributed to shifts in the manager's role? What new roles are managers...
a. illustrate the fives modes within which an ethical leader can exercise authority b. Evaluate four factors related to interpersonal dimension that relate to unethical behaviour of leaders c. Assess...
Complete the following writing assignment: Analyze the attached 10_pages. Write about them, summarize what you read, and connect it to personal experiences. CHAPTER 15 Sexual Dysfunctions and...
What are the six major steps involved in the capital budget process?
On average there are four traffic accidents in a city during one hour of rush-hour traffic. Use the Poisson distribution to calculate the probability that in one such hour there arc (a) No accidents...
Why is it necessary to analyze both inventory and accounts payable in trying to determine cash payments to suppliers when the direct method is used? (LO-1)
Evaluate each of the following. 18 (3 + 6) x 2
The following fractions and mixed numbers have terminating decimal equivalent forms. Express their decimal and percent equivalent forms to five-figure accuracy. 7/8
Calculate dollar amounts accurate to the cent and percent amounts to three-figure accuracy. $45 is 60% of what amount?
Al preparar el estado de resultados pro forma, cules de las siguientes partidas se deducen de las utilidades brutas para llegar a las ganancias despus de impuestos? Pregunta de seleccin mltiple....
Lawson Inc. is expanding its manufacturing plant, which requires an investment of $4 million in new equipment and plant modifications. Lawson's sales are expected to increase by $3 million per year...
20 On January 1, Year 1, X Company purchased equipment for $80,000. The company estimates that the equipment will have a useful life of 10 years and a residual value of $5,000. X Company depreciates...

Rosss compensation is to be changed from an hourly rate of $31.50 for a 40-hour week to

Question:

Step by Step Answer:

Annual earnings 5...View the full answer

Business Mathematics In Canada

Students also viewed these Accounting questions