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.
Q. 2Kelly 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.
Q. 3The Mickey D. Company pays the regular hourly rate for the first 36 hours worked and time and a half thereafter. Jennifer Franks worked 40 hours this week. Her regular hourly rate is 11.80 . Compute Franks' total earnings.
Q. 4Kelly 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. Compute the number of shares of common stock Kelly Jordan received when he converted.
Q. 5The 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.
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