In: Accounting
Pauley, Inc., pays its employees' weekly wages in cash. A supplementary payroll sheet that lists the employees' names and their earnings for a certain week is shown below. Complete the payroll sheet by calculating the total amount of payroll and indicating the least possible number of denominations that can be used in paying each employee. However, no employees are to be given bills in denominations greater than $50. If an amount box does not require an entry, enter "0".
PAULEY, INC. |
PAULEY, INC. Supplementary Payroll Sheet |
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Bills | Coins | ||||||||||
Name of Employee | Net Amount Paid | $50 | $20 | $10 | $5 | $1 | 50¢ | 25¢ | 10¢ | 5¢ | 1¢ |
Chad T. Biskis | $251.75 | ||||||||||
Nicole A. Cibik | 256.52 | ||||||||||
Domingo M. Diaz | 384.94 | ||||||||||
Laura B. Elias | 202.59 | ||||||||||
Ari M. Fleischer | 253.64 | ||||||||||
Diane Y. Germano | 296.50 | ||||||||||
Arnold B. Herst | 594.26 | ||||||||||
Edward C. Kenner | 399.89 | ||||||||||
Kathleen J. Marfia | 234.01 | ||||||||||
Kimberly A. Picket | 595.80 | ||||||||||
Total | $ |
PAULEY, INC - Supplementary Payroll Sheet:
Explanation using 1st employee case:
Employee name = Chad T. Biskis
His salary = $251.75
The amount should be paid using the least number of various denominations given.
So, $251.75 can be paid using 12 bills of $50 (5*$50) + 1 bill of $1 (1*$1) + 1 coin of 50¢ (1*0.50) + 1 coin of 25¢ (1*0.25) such that total denominations are minimum in number.