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Pauley, Inc., pays its employees' weekly wages in cash. A supplementary payroll sheet that lists the...

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
Bills Coins
Name of Employee Net Amount Paid $50 $20 $10 $5 $1 50¢ 25¢ 10¢
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 $

Solutions

Expert Solution

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.


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