Question
Pauley, Inc., pays its employees' weekly wages in cash. A supplementary payroll sheet that lists the employees' names and their earnings for a certain week
Pauley, Inc., pays its employees' weekly wages in cash. A supplementary payroll sheet that lists the employees' names and their earnings for a certain week is shown below. Complete the payroll sheet by calculating the total amount of payroll and indicating the least possible number of denominations that can be used in paying each employee. However, no employees are to be given bills in denominations greater than $20. If an amount box does not require an entry, enter "0".
For Period Ending August 15, 20--
| PAULEY, INC. | ||||||||||
| Supplementary Payroll Sheet | ||||||||||
| Bills | Coins | |||||||||
| Name of Employee | Net Amount Paid | $20 | $10 | $5 | $1 | 50 | 25 | 10 | 5 | 1 |
| Chad T. Biskis | $251.75 | |||||||||
| Nicole A. Cibik | 256.52 | |||||||||
| Domingo M. Diaz | 384.94 | |||||||||
| Laura B. Elias | 202.59 | |||||||||
| Ari M. Fleischer | 253.64 | |||||||||
| Diane Y. Germano | 296.50 | |||||||||
| Arnold B. Herst | 594.26 | |||||||||
| Edward C. Kenner | 399.89 | |||||||||
| Kathleen J. Marfia | 234.01 | |||||||||
| Kimberly A. Picket | 595.80 | |||||||||
| Total | $ | |||||||||
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The Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
11th Global Edition
1292094184, 978-1292094182
