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Marrrta [24]
2 years ago
13

A business consultant earns a flat fee for his work as well as an hourly fee. He charges his clients at a rate of $75 per hour.

In one week, he billed a client $1,800 for 20 hours worked. Which of the following equations describes the pay for the consultant in terms of hours worked?
Business
1 answer:
Delicious77 [7]2 years ago
4 0
Well...if he earns $75 an hour....and he worked for 20 hours...that's
75 * 20 which = 1500
Now it says he also earns a flat fee....since the question states he billed the client 1800...and he only earned 1500 of it...that must mean that his flat fee would be
1800 - 1500 = 300
So his flat fee is 300...and his variable charge...is 75x (75 dollars per hour)
in an equation...this would look like
C(x) = 75x + 300
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5 0
2 years ago
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Selected sales and operating data for three divisions of different structural engineering firms are given as follows: Division A
USPshnik [31]

Answer:

20% is the ROI of division A

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Explanation:

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7 0
2 years ago
Your customer purchases FYZ 4% convertible preferred stock at $60 per share. The conversion price is $10. With the common stock
KIM [24]

Answer:

$9

Explanation:

Calculation for how much the common shares of FYZ are trading

First step is to find the conversion ratio

Using this formula

Conversion ratio =Market price of the convertible+Conversion price)/Conversion price

Let plug in the formula

Conversion ratio=$70/$10

Conversion ratio=7

Second step is to calculate for the Parity price of the common stock

Using this formula

Parity price=Market price of the convertible / conversion ratio

Let plug in the formula

Parity price=$70/7

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Last step is to calculate how much the common shares of FYZ are trading

Using this formula

Common shares =Parity price-Common stock trading point

Let plug in the formula

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6 0
2 years ago
Paxton Co. signed contracts for the purchase of raw materials to be executed the following year at a firm price of $5 million. T
arlik [135]

Answer:

Accrued Loss on Purchase Commitments $2,000,000

Explanation:

December 31, (recognition of loss on purchase commitments)

  • Dr Loss on Purchase Commitments account 2,000,000
  • Cr Accrued Loss on Purchase Commitments account 2,000,000

Since the price of raw materials lowered by 2,000,000, the company lost money on its purchase commitments:

Purchase commitments loss = contracted price - market value = $5,000,000 - $3,000,000 = $2,000,000

The loss on purchase commitments is an expense, and accrued loss on purchase commitments is a liability.

6 0
2 years ago
If a petty cash fund is established in the amount of $200, and contains $119 in cash and $84 in receipts for disbursements when
Andrej [43]

Answer:

The correct option is C

Explanation:

The journal entry which is to be passed in order to replenished the account is as:

Petty Cash A/c..................................Dr      $84

   Cash A/c...............................................Cr      $81

   Cash Over and Short A/c..................Cr     $3

In order to replenish the account of petty cash, the account of expense (name of expense is not given, so petty cash account) is debited. Therefore, the petty cash is debited. The cash account is credited and the excess or over (which is $3 that is $200 - [$119 + $84 = $203] ) is replenished by crediting the account.

8 0
2 years ago
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