Instruction 2-1 Unless Instructed Otherwise, Compute Hourly Rate and Overtime

question 89

Essay

Instruction 2-1 Unless instructed otherwise, compute hourly rate and overtime rates as follows:  
1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate).
2. If the third decimal place is 5 or more, round to the next higher cent.
3. If the third decimal place is less than 5, drop the third decimal place.
Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow.
Refer to Instruction 2-1 Abel works a 37 1/2 hour week at $10.75 an hour. Overtime hours are paid at 1 1/2 times the regular rate.
(a) Abel's regular weekly earnings are  ____________.
(b) Abel's overtime rate is  _____________.
(c) If Abel works 6 hours overtime during one week,  calculate Abel's total gross earnings  ____________.

Understand the purpose and benefits of digitized supply chain management (SCM) networks.

Recognize the continued relevance of traditional tools like spreadsheets and database software in supply chain information systems (SCIS).

Identify key trends driving the growth of information technology in supply chain management.

Appreciate the importance of information quality in effective business decision-making.

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Definitions:

Interpersonal Communication

The process of exchange of information, feelings, and meanings between two or more people through verbal and/or non-verbal methods.

Richness

In communication theory, refers to the depth and complexity of information that communication mediums are capable of conveying.

Communication Channel

The medium through which a message is transmitted from sender to receiver, such as verbal, nonverbal, written, or digital.

Electronically Mediated Communication

The exchange of information or messages between individuals through electronic devices, such as computers or phones, over the internet or other networks.