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Anuta_ua [19.1K]
2 years ago
7

It takes a lawyer 120 minutes to serve one customer. Demand is 2 customers per eight-hour day. The lawyer has a wage rate of $20

0 per hour. What is the cost of direct labor for the lawyer expressed in $ per customer
Business
1 answer:
Elanso [62]2 years ago
3 0

Answer:

$800 per customer

Explanation:

As demand is two customers per eight-hour day, one customer comes in 4 hours interval.

However, the lawyer takes 120 minutes or 2 hours to serve a customer. Although he takes 2 hours to serve one customer, he will receive eight-hours wages because of his efforts.

The cost of direct labor for the lawyer in one hour = $200 per customer

The cost of direct labor for the lawyer in four-hour = ($200 × 4 hours) per customer

= $800 per customer.

He will receive 4 hours of wages as the customers come in after 4 hours.

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Explanation:

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one-year forward rate for year 3 :

(1+4.95%)^2 (1+f)=(1+5.25%)^3    

(1+4.95%)^2 (1+f)=1.16591345312

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2 years ago
The can of spray paint in item 7 is set aside for an hour. during this time, the contents of the can return to room temperature.
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Quaker State Inc. offers a new employee a single-sum signing bonus at the date of employment. Alternatively, the employee can re
Hatshy [7]

Answer:

$80.364.45

Explanation:

The lump sum that would make the employee indifferent can be determined by calculating the present value of the annuity

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 0 = $10,000  

Cash flow in year 1 = $40,000  

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To find the PV using a financial calculator:

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2 years ago
Broker John is advertising a desirable property that sold months ago to attract buyers. When the buyers ask to see that property
Katyanochek1 [597]

Answer:

Bait-and-switch advertising.

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8 0
2 years ago
El Centro Company began the year with owner's equity of $30000. During the year, El Centro received additional owner
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Answer:

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Revenue = 112,000 + 56,000

Revenue =$168,000

5 0
2 years ago
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