Author Question: Houston, Inc, pays the regular hourly rate for the first 40 hours worked, time and a half for hours ... (Read 180 times)

Pea0909berry · **on:** Jun 24, 2018

Houston, 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 . Jason Wells worked 49 hours this week. His regular hourly rate is 9.20 . Compute Well's total earnings.

Question 2

Patrick Harrigan owned 200 shares of Marsh Company's convertible preferred stock at 12 par value. He converted each share of preferred stock into two shares of common stock. If the convertible preferred stock paid 8 annually and the common stock pays 0.60 a share this year, how much more dividend will Patrick Harrigan receive this year because of his conversion.