Author Question: The Zapata Motor Works pays the regular hourly rate for the first 40 hours worked and time and a ... (Read 147 times)

Mr. Wonderful · **on:** Jun 24, 2018

The Zapata Motor Works pays the regular hourly rate for the first 40 hours worked and time and a half thereafter. John Simpson worked 54 hours this week. His regular hourly rate is 8.50 . Compute Simpson's total earnings.

Question 2

Kelly Jordan owned 220 shares of Diego Company's convertible preferred stock at 50 par value. He converted each share of preferred stock into two shares of common stock. If common stock was selling at 31 per share on the date of conversion, compute Kelly Jordan's common stock worth.