Grady Tripp is a telemarketer who is paid $0.63 for every telemarketing call he places. During...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Grady Tripp is a telemarketer who is paid $0.63 for every telemarketing call he places. During the most recent week, Grady worked 43 hours and placed 1,596 calls. What is his gross pay for the week? (7 points) Regular earnings 1596 calls x $0.63 = $1005.48 Hourly rate $1005.48/43 = $23.38 x 40 = $935.20 Overtime rate $23.38 x 1.5 = $35.07 x 3 = $105.21 %3D Gross pay = $105.21 + $935.20 = $1040.41 Step 3: Regular hourly rate x additional overtime factor = additional overtime hourly rate Step 4: Additional overtime hourly rate x overtime hours worked = additional overtime Step 2: Regular earnings for all hours / total hours worked = regular hourly rate Step 5: Regular earnings for all hours + additional overtime earnings total earnings Piecework Overtime Calculation Step 1: Piece rate x units of output = regular earnings for all hours earnings %3! %3D The additional overtime foot Grady Tripp is a telemarketer who is paid $0.63 for every telemarketing call he places. During the most recent week, Grady worked 43 hours and placed 1,596 calls. What is his gross pay for the week? (7 points) Regular earnings 1596 calls x $0.63 = $1005.48 Hourly rate $1005.48/43 = $23.38 x 40 = $935.20 Overtime rate $23.38 x 1.5 = $35.07 x 3 = $105.21 %3D Gross pay = $105.21 + $935.20 = $1040.41 Step 3: Regular hourly rate x additional overtime factor = additional overtime hourly rate Step 4: Additional overtime hourly rate x overtime hours worked = additional overtime Step 2: Regular earnings for all hours / total hours worked = regular hourly rate Step 5: Regular earnings for all hours + additional overtime earnings total earnings Piecework Overtime Calculation Step 1: Piece rate x units of output = regular earnings for all hours earnings %3! %3D The additional overtime foot
Expert Answer:
Related Book For
Marketing Research
ISBN: 978-0134167404
8th edition
Authors: Alvin C. Burns, Ann F. Veeck, Ronald F. Bush
Posted Date:
Students also viewed these accounting questions
-
The company sells custom-designed engineering equipment. During the most recent year, the company received the following customer orders: For Machine A, selling price = $150,000, production cost =...
-
During the most recent recession, personal income fell by 2.8 percent. This was the only time since 1950 that personal income has fallen during a recession. During a recession, transfer payments...
-
During the most recent month at Coggan Corporation, queue time was 5.3 days, inspection time was 0.5 day, process time was 1.9 days, wait time was 4.5 days, and move time was 0.5 day. Required: a....
-
A card is drawn at random from a deck of 52 playing cards. Find the probability that it is a club or a king.
-
A simple Brayton cycle using air as the working fluid has a pressure ratio of 10. The minimum and maximum temperatures in the cycle are 295 and 1240 K. Assuming an isentropic efficiency of 83 percent...
-
Fill in the blanks to make the following statements correct. a. In a closed economy, when the government borrows to finance the deficit, interest rates will ___________ and some private investment...
-
Harold Fail owned a plot of land in Georgia known as Ebenezer Landing, where he operated a public boat ramp and parking lot. In 1999, Fail and Steve Bodiford entered into an oral agreement...
-
The following material relates to Darrow Company: Required Place an X in the appropriate columns for each of thesituations. Cash Flows Classification Noncash Effect on Cash Operating Investing...
-
Consider the activity-on-arc network diagram below: 1 2 C E 2 4 5 6 3 D 5 5 F G 7 2 8 2 2 1.1 Calculate the early and late event times for each activity in the project network dia- gram. (8) 1.2...
-
Mogoul Manufacturing Company makes two different products, M and N. The companys two departments are named after the products; for example, Product M is made in Department M. Mogouls accountant has...
-
Bonds that mature at a single specified future date are called term bonds. True/False
-
An unknown metal is known to be either copper ( = 4.7 eV), uranium ( = 3.6 eV), zinc ( = 4.3 eV), beryllium ( = 5.0 eV), or platinum ( = 6.1 eV). Using a photospectroscope, light of 118 nm wavelength...
-
You were hired as a consultant to Fama LLC. You were provided with the following data: Target capital structure: 35 percent debt, 10 percent preferred, and 45 percent common equity. The cost of debt...
-
Consider Anne from the previous question with the utility function U = X2Y2 and facing prices Px and Py and income I. a. Write out the Lagrangian function used for deriving the compensated demand...
-
give insights into how does fiscal policy being implemented during changes/shifts in the economy affect the financial outlook relative to annual deficits and the national debt?
-
What happens if the marginal revenue curve and the marginal cost curve do not intersect? Explain.
-
Given f (x) and g (x) simplify the given functions: f(x) = 3 x +7 and g(x) = 9 x +5 (f+g) (x) = ab a a b va al 7T sin (a)
-
If the joint cost function for two products is C(x, y) = xy2 + 1 dollars (a) Find the marginal cost (function) with respect to x. (b) Find the marginal cost with respect to y.
-
What are big data, and why do they represent both an opportunity and a challenge?
-
What is a panel company and why are such companies dominating survey data collection today?
-
Circle K runs a contest inviting customers to fill out a registration card. In exchange, they are eligible for a grand-prize drawing of a trip to Alaska. The card asks for the customer's age,...
-
Define human communication.
-
Perceiving your communication as effective while those around you perceive it as ineffective is known as ______________.
-
Visit any of the websites for major social media companies (Facebook, Twitter, LinkedIn, etc.). Under the About Us section, read the company mission statement and goals for the organization. Do you...
Study smarter with the SolutionInn App