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Calculating Gross Earnings Clearys Music Center has nine employees. The employees are

Accounting: First Year Course | 1st Edition | ISBN: 9780078688294 | Authors: Glencoe ISBN: 9780078688294 416

Solution for problem 12-1 Chapter 12

Accounting: First Year Course | 1st Edition

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Accounting: First Year Course | 1st Edition | ISBN: 9780078688294 | Authors: Glencoe

Accounting: First Year Course | 1st Edition

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Problem 12-1

Calculating Gross Earnings Clearys Music Center has nine employees. The employees are paid weekly with overtime after 40 hours per week. The overtime rate is 1 times the regular rate of pay. Payroll information for the week ending June 12 follows: Employee Pay Rate Hours David Clune $6.95 3312 Richard Lang $7.80 38 Jane Longas $7.25 43 Betty Quinn $8.30 4414 John Sullivan $8.30 3912 Kelly Talbert $7.50 40 Gene Trimbell $9.75 4212 Heidi Varney $8.75 3414 Kevin Wallace $9.25 46 Instructions Prepare a form similar to the one that follows. Calculate regular earnings, overtime earnings, and gross earnings for each employee.

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AM 270 Week 14 Chapter 11 Global Sourcing o Competition  Leader vs. follower  Could gain from using an unknown manufacturer, but it is very risky o Distance  Affects throughput time, shipping time, etc… o Political and economic environments o Government regulations  Tariffs (duty)  Taxes charged on goods that are imported  Help increase revenues for the government  12 free trade agreements (FTA’s) with 18 countries o Elimination of tariffs o NAFTA  North American FTA

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Chapter 12, Problem 12-1 is Solved
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Textbook: Accounting: First Year Course
Edition: 1
Author: Glencoe
ISBN: 9780078688294

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Calculating Gross Earnings Clearys Music Center has nine employees. The employees are