Peter earns $14.50 per hour for straight time (40 hours), and the company pays him time-and-a-half for overtime. He worked 46 hours at his job during the first week of March 2018. What was Peter's gross pay for the week?
A) $667.00
B) $671.50
C) $710.50
D) $1000.50
C) $710.50
Straight Time Pay (40 × $14.50) $580.00
Overtime Pay (6 × $14.50 × 1.5) 130.50
Gross Pay $710.50
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Answer the following statements true (T) or false (F)
1. For the next year, Sullivan & Co. predicts sales of 15,000 units of a product with a contribution margin of $6 per unit and 30,000 units of another product with a contribution margin of $10 per unit. The weighted-average contribution margin per unit is $8.67. 2. A company that sells multiple products will always set sales prices such that all products have the same contribution margin. 3. The Doughboys Pizza Company sells pizzas in two different sizes—medium and large. The two products sell in equal numbers. The contribution margin of a medium pizza is $16, and the contribution margin of a large pizza is $18. The weighted average contribution margin is $17. 4. The Buttercrust Pizza Company sells pizzas in two different sizes—medium and large. The number of medium pizzas sold is twice the number of large pizzas sold. The contribution margin of a medium pizza is $10, and the contribution margin of a large pizza is $22. The weighted average contribution margin is $16.00.
The major points in an outline for a presentation should _____.
A. be in parallel form B. be no longer than two or three words C. always be in chronological order D. all be in the form of questions
Jones Company requires prepayment from all customers. Jones Company reported revenue of $258,000 on its Year 1 income statement. The balance in its Unearned Revenue account was $12,000 at the start of Year 1 and $4,000 at the end of the year. Based on this information alone, the amount of cash that Jones collected from customers for Year 1 was $250,000.
Answer the following statement true (T) or false (F)
Based on averages, which of the following businesses is likely to have the highest costs as a percent of sales?
A. manufacturers' agent for textile producers B. general merchandise wholesaler based in the U.S. C. export agent for American-made furniture D. broker for industrial machinery E. import agent for specialty items from China