Lea Ray is the revenue manager at the 200-room Hilton Garden Inn. She tracks her occupancyand ADR on a daily basis. The following data represent her hotel's Thursday night performancefor the past seven weeks.Thursday Week 1Week 2Week 3Week 4Week 5Week 6Week 7Occ. %69.573.566.572.072.569.077.0ADR$151.50$145.95$161.50$178.50$179.95$129.95$159.95Using that historical data, calculate her Occupancy %, ADR, and RevPAR for these trailingperiods:

Occupancy rate is defined as the percentage of an occupied rooms in the particular property at the…

Answered: Lea Ray is the revenue manager at the…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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The sales clerks of Teresa's Treasures are paid a salary of $225 per week plus a commission of 8% on all sales they make. Find the amount of commission and gross earnings for these employees. (Round your answers to 2 decimal places. Omit the "S" sign in your response.) Sales for the Week $ 2,392.50 $ 3,480.75 Name Commission Gross Earnings Tina Valendez Jan Yarrow %24 %24
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B.) The activity on Charlie Wilson's Visa account for one billing period is shown below. Find the average daily balance and the finance charge if the billing period is November 11 through December 10, the previous balance was $645.33, and the annual interest rate is 20%. November 15 payment $125.00 November 28 office supplies $24.97 December 1 toy store $317.52 average daily balance $ finance charge $
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2. Richard Corp has the following data for the third week of December: Employee Name Classification Hours Worked Rate per hour A. Kubel Laborer 45 50 B. Aileen Office Secretary 46 45 C. Jose Laborer 50 52 D. Jay Factory Supervisor 55 48 E. Richmond Sales agent 52 60 F. Edward Laborer 48 45 The following are to be deducted to the gross earnings of employees: Witholding taxes 5% ssS contributions 3% Pbilhsalth Pag-ibig 1% 1% Richard Corp paid its employees one and half times the regular rate for hours worked in excess of 40 -----. hours. Required: Prepare Journal Entries to record A. Payroll B. Labor distribution
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4. Richard Corp has the following data for the third week of December: Employee Name Worked Classification Hours Rate per hour G. Kuhol Laborer 45 50 H. Aileen Office Secretary 46 45 I. Jose Laborer 50 52 J. Jay K. Richmond Factory Supervisor Sales agent 55 48 52 60 L. Edward Laborer 48 45 The following are to be deducted to the gross earnings of employees: Witholding taxes SSS contributions 5% 3% Philhealth 1% Pag-ibig 1% Richard Corp paid its employees one and half times the regular rate for hours worked in excess of 40 hours. The amount charged to Work in Process account is how much?
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Jerri's Mason Supply Company has four employees who are paid on a weekly basis receiving time and a half for working more than 40 hours in any one week. The payroll data for the week ended December 10 is as follows: Name # ofAllowances MaritalStatus TotalHours Rate CumulativeEarnings B. Russo 0 S 44 $ 8.00 $ 8,300 P. Higgins 1 M 46 28.00 52,176 S. Minsky 2 S 40 9.00 18,560 A. Mendez 4 M 40 34.00 86,000 Social Security tax is withheld at 6.2% and Medicare tax at 1.45%. Each employee that is single has $40 withheld for health insurance and each that is married has $70 withheld. Higgins has $25 withheld for United Way. Number the checks beginning with 803. (Refer to Figure 8-4a and Figure 8-4b.) Required: 1. Complete the payroll register. Round your answers to the nearest cent. 2. Journalize the payroll entry. When required, enter amounts in dollars and cents. If an amount box does not require an entry, leave it blank.

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