The Burton Company pays the regular hourly rate for the first 40 hours worked and time and a half thereafter. Adolph Mercer worked 51 hours this week. His regular hourly rate is 16.12 . Compute Mercer's total earnings.
Question 2
The Buckley Company earned 110,00 . last year. The capital stock of the company consists of 300,00 . of 9 cumulative preferred stock and 200,00 . of common stock. The directors declared a dividend of 60 of the earnings. For the previous year, the directors did not declare a dividend at all. Compute the total amount that will be paid to the holders of common stock.
