A company pays its employees $4,000 each Friday, which amounts to $800 per day for the five-day workweek that begins on Monday. If the monthly accounting period ends on Thursday and the employees worked through Thursday, the amount of salaries earned but unpaid at the end of the accounting period is:
A) $800.
B) $4,000.
C) $2,400.
D) $3,200.
E) $1,600.

Question

Quizplus · Accepted Answer

The employees earn $800 per day. By the end of Thursday, they have worked 4 days (Monday to Thursday), so the salaries earned but unpaid are 4 days x $800/day = $3,200.

A Company Pays Its Employees $4,000 Each Friday, Which Amounts