Calculating Gross Earnings Job Connect has seven employees, all of whom are paid weekly. For hourly wage employees, overtime is paid at 1 times the regular rate of pay for hours worked over 40 in a week. Barbara Miller, the office manager, is paid a salary of $375.00 per week plus a bonus of 3% of all revenue over $6,000 per week. Lynn Austin, an office assistant, is paid a salary of $250.00 per week plus 5% of all telephone sales made in the office. Charlene Womack, the office secretary, is paid a salary of $230.00 per week. Susan Dilloway and Doris Franco, placement workers, are paid an hourly wage of $8.95. Pam Darrah is also a placement worker but is paid a commission of $35.00 for every job placement that she completes. David Facini, a part-time maintenance worker, is paid $6.75 per hour. For the week ending October 24, the office recorded the following payroll information. Total office sales for the week were $8,420.00. Susan Dilloway worked a total of 38 hours. Doris Franco worked a total of 41 hours. Phone sales for the week were $1,375.00. Pam Darrah made seven job placements. David Facini worked a total of 23 hours. Instructions Using the form provided in your working papers, calculate the gross earnings for the workers at Job Connect for the week ending October 24.
ECN212DemandandSupply SpringSEMESTER2016 Professor:Dr.WilliamFoster EliteNotetaker:Phoebe(firstname.lastname@example.org) 1. The Law of Demand ○ In Words ■ akaCeteris Paribus ■ Negative relationship (↑ Price / Demand ↓) ● The more expensive, the less likely people are going to buy the good or decrease the purchase amount ● The cheaper, the more likely people are going to buy the good or increase the purchase amount ○ Graphically ■ X-axis: Quantity ■ Y-axis: Price ■ Downward slope ○ Numerically ■ The change of quantity / the change of price < 0