Stuart's Regular Rate of Pay Is $22 Per Hour

question 180

Multiple Choice

Stuart's regular rate of pay is $22 per hour. He is given 1.5 times the rate of pay for days he works over 37.5 hours. Determine the amount earned during a week where he worked 42 hours.

• A) $770
• B) $973.5
• C) $1,065
• D) $1,110
• E) $1,200

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Definitions:

Net Present Value

The calculation of the current value of a series of future cash flows by applying a discount rate, used to assess the profitability of an investment.

Financial Break-even Point

The level of revenue exactly sufficient to cover all fixed and variable costs, resulting in neither profit nor loss.

Required Return

The minimum expected return an investor anticipates or requires from an investment to compensate for its risk.