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denis-greek [22]
2 years ago
11

The following transactions were completed by the company. The company completed consulting work for a client and immediately col

lected $5,600 cash earned. The company completed commission work for a client and sent a bill for $4,100 to be received within 30 days. The company paid an assistant $1,450 cash as wages for the period. The company collected $2,050 cash as a partial payment for the amount owed by the client in transaction b. The company paid $720 cash for this period's cleaning services.

Business
1 answer:
Burka [1]2 years ago
7 0

Answer:

See explanation Section

Explanation:

See the image to get the appropriate answer.

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If the substitution effect of the real interest rate on saving is larger than the income effect of the real interest rate on sav
Kay [80]

Answer:

rise, fall

Explanation:

In the case when the subsitution effect with respect to the real rate of interest should be saved and more than the income effect on the real rate of interest so if there is an increased in the real rate of interest so there is an increase in the consumption also there is the fall in the savings

Also, if there is a more income effect, the consumption should rise and the savings would decline

Therefore the rise and fall should be considered to fill the blanks

3 0
2 years ago
The bond has a coupon rate of 6.83 percent, it makes semiannual payments, and there are 4 months to the next coupon payment. A c
Kipish [7]

Answer:

The invoice price for the bond is $1,060.38

Explanation:

Given the following:

PV= Par value = $1,000 ,

CV= Clean Price = $1,049

Coupon Rate per annum = 6.83%

To calculate the Semiannual Coupon Rate= Coupon Rate per annum/2= 3.415%

To calculate Semiannual Coupon= Semiannual Coupon Rate*PV

= 3.415% * $1,000  = $34.15

With an interest accured over 2 months, we calculate it thus:

Accrued Interest = $34.15 * 2/6 = $11.38

To calculate Invoice price:

Invoice Price = CP + Accrued Interest

Invoice Price = $1,049.00 + $11.38

Invoice Price = $1,060.38

3 0
2 years ago
Ray Jene earns $900 a week at a Publix supermarket. Ray's payroll deductions are 28%. What is Ray's take-home pay?
kaheart [24]
If Ray earns $900 a week and deductions are 28% Ray's take home pay is:
$648 a week

If we assume that the deductions of 28% are taken out of the $900 weekly we will multiply 900 by 0.28 = 252. Then subtract 252 which is the deduction amount from the 900 and we end up with take home pay of $648.
7 0
2 years ago
Carol Mann and Gerald Harris worked for Helmsley-Spear, Inc. (HSI), as managers for various HSI properties. In 2005 each receive
levacccp [35]

Answer:

True - Contracts that cannot be completed in less than one Year must be written

Explanation:

The extract from the scenario that requires focus for the answer to the question is that ''<u>In 2006 Mann and Harris were asked by HIS to work on another conversion of an apartment building</u> known as Park West. For this project Mann and Harris were again <u>orally promised </u>a bonus (above their salary) using the formula similar to the Windsor Park conversion.<u> It was understood that this project would also require two or three years to complete.</u>''

Under statute of frauds, it is required that contracts that will last for more than 1 year should be written to be enforceable.

<u>At the point where Mann and Harris were asked to perform another construction of apartment that would take up to two or three years to complete, they ought to have requested that the contract be in writing.</u>

His had taken undue advantage of the knowledge of the Law and refused to them the bonus, yet in the eyes of the Law, according to statute of frauds, he cannot be wrong.

5 0
2 years ago
Perez Concrete Company pours concrete slabs for single-family dwellings. Lancing Construction Company, which operates outside Pe
STatiana [176]

Answer:

Since relevant revenue (115,92) is greater than relevant cost (60,260) the order should be accepted. By accepting the order the company will earn extra $60,375.92

Explanation:

Calculation of contribution to profit from special order:

Sales revenue =$2,520*46 slabs = 115,92

Cost of raw materials =$810*46 slabs = (37,260)

Cost of direct labor =$500*46 slabs =(23,000)

Total relevant cost = (37,260) + (23,000)

                                = (60,260)

contribution to profit = 115,92 - (60,260) = 60,375.92

Since relevant revenue (115,92) is greater than relevant cost (60,260) the order should be accepted. By accepting the order the company will earn extra $60,375.92

3 0
2 years ago
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