Three Workers Worked 10 , 15 , 20

question 40

Essay

Three workers worked 10 , 15 , 20 hours respectively. What was the total cost of labor if the workers were paid $20.00 per hour?

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Definitions:

Par-value

The face value of a bond or stock as stated by the issuing company, which may differ from the market value.

No-par Common Stock

A type of common stock that does not have a par value assigned, representing an ownership interest in a corporation.

Stated Value

A value assigned to a share of stock by the corporation’s board of directors, which is an arbitrary value used for accounting purposes.

Par Common Stock

The value assigned to a share of common stock in the company's charter, not indicative of the market value.