Company A
Hours of work: 5.5, 22.0, 35.0, 40.0
Pay ($): 140.25, 561.00, 892.50, 1,020.00
Company B
Hours of work: 4.0, 10.6, 20.5, 35.0
Pay ($): 114.00, 302.10, 584.25, 997.50
Based on the tables showing what two leading gas brands pay employees, compare which company pays the high rate. Which answer provides the correct company and hourly rate?
Options:
Company A has the best hourly rate of $25.50/hour
Company B has the best hourly rate of $997.50/40 hours.
Company A has the best hourly rate of $1,020/40 hours
Company B has the best hourly rate of $28.50/hour
To determine which company pays the highest hourly rate, we need to calculate the hourly rate for each company. The hourly rate can be calculated by dividing the pay by the hours of work.
For Company A:
Hourly rate = Pay ($) / Hours of work
For the given data:
1. For the first entry:
Hourly rate = 140.25 / 5.5 = $25.50/hour
2. For the second entry:
Hourly rate = 561.00 / 22.0 = $25.50/hour
3. For the third entry:
Hourly rate = 892.50 / 35.0 = $25.50/hour
4. For the fourth entry:
Hourly rate = 1,020.00 / 40.0 = $25.50/hour
Therefore, the correct answer is "Company A has the best hourly rate of $25.50/hour."
Now let's calculate the hourly rate for Company B:
1. For the first entry:
Hourly rate = 114.00 / 4.0 = $28.50/hour
2. For the second entry:
Hourly rate = 302.10 / 10.6 = $28.50/hour
3. For the third entry:
Hourly rate = 584.25 / 20.5 = $28.50/hour
4. For the fourth entry:
Hourly rate = 997.50 / 35.0 = $28.50/hour
Therefore, the correct answer is not "Company B has the best hourly rate of $997.50/40 hours."
In conclusion, the correct answer is "Company A has the best hourly rate of $25.50/hour."
To compare which company pays the highest rate, we can calculate the hourly rate for each company based on the hours of work and pay provided.
For Company A:
The total hours of work over the given period are: 5.5 + 22.0 + 35.0 + 40.0 = 102.5 hours
The total pay over the given period is: $140.25 + $561.00 + $892.50 + $1,020.00 = $2,613.75
The hourly rate for Company A can be calculated by dividing the total pay by the total hours worked: $2,613.75 / 102.5 = $25.50/hour
For Company B:
The total hours of work over the given period are: 4.0 + 10.6 + 20.5 + 35.0 = 70.1 hours
The total pay over the given period is: $114.00 + $302.10 + $584.25 + $997.50 = $1,997.85
The hourly rate for Company B can be calculated by dividing the total pay by the total hours worked: $1,997.85 / 70.1 = $28.50/hour
Comparing the two hourly rates, we can see that Company B has the higher hourly rate of $28.50/hour. Therefore, the correct answer is:
Company B has the best hourly rate of $28.50/hour.
To compare the hourly rates of Company A and Company B, we need to determine the hourly rate for each company by dividing the pay by the hours of work.
Let's calculate the hourly rates for each company:
For Company A:
Hourly Rate = Pay / Hours of work
Hourly Rate 1 = $140.25 / 5.5 hours = $25.50/hour
Hourly Rate 2 = $561.00 / 22.0 hours = $25.50/hour
Hourly Rate 3 = $892.50 / 35.0 hours ≈ $25.50/hour
Hourly Rate 4 = $1,020.00 / 40.0 hours = $25.50/hour
For Company B:
Hourly Rate = Pay / Hours of work
Hourly Rate 1 = $114.00 / 4.0 hours = $28.50/hour
Hourly Rate 2 = $302.10 / 10.6 hours ≈ $28.50/hour
Hourly Rate 3 = $584.25 / 20.5 hours ≈ $28.50/hour
Hourly Rate 4 = $997.50 / 35.0 hours ≈ $28.50/hour
Based on the calculations, we can see that the correct answer is:
Company B has the best hourly rate of $28.50/hour.
(Note: The option "Company B has the best hourly rate of $997.50/40 hours" is incorrect, as it is a misinterpretation of the table. The hourly rate needs to be calculated by dividing the pay by the hours of work.)