Author Question: Daniel, Inc, pays the regular hourly rate for the first 40 hours worked, time and a half for hours ... (Read 88 times)

asan beg · **on:** Jun 24, 2018

Daniel, Inc, pays the regular hourly rate for the first 40 hours worked, time and a half for hours 41 through 48, and double time for all hours in excess of 48 . Sarah John worked 52 hours this week. Her regular hourly rate is 10.30 . Compute John's total earnings.

Question 2

Mary Lee owned 500 shares of Dugan Company's convertible preferred stock at 20 par value. She converted each share of preferred stock into four shares of common stock. Compute the number of shares of common stock that Mary Lee received when she converted.