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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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The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. Accounts Payable $48
Nutka1998 [239]

Answer:

(i) The trial balance of Monroe Entertainment Co.  is as shown below.

                                                        Amounts in $  

Accounts                             Debits                 Credits  

 

Accounts Payable                                                486.00  

Fees Earned                                                       2,807.00  

Accounts Receivable            854.00  

Insurance Expense            405.00  

Prepaid Insurance                    1,698.00  

Land                                    2,275.00  

cash                                    1,878.00  

Wages Expense                      519.00  

Drawing                                      751.00  

Capital                              <u>                </u>                 <u> 5,087.00</u>  

Balances                                   <u> </u><u>8,380.00 </u>              <u>8,380.00  </u>

(ii) Total debits is c.$8,380

Explanation:

The trial balance shows the balances of all accounts in terms of debits and credit and is used to check the mathematical accuracy of posted entries. The debits are the assets and expenses while the credits are the equity, income and liabilities.

Total debits is $8,380

8 0
2 years ago
When shopping for a smartphone, a consumer first compares prices to see which brand offers the lowest price. After also inspecti
kramer

Answer:

Top-of-the-mind awareness

Explanation:

Many customers select products and commodities on the basis of brand loyalty and many select brands which offer the lowest rates. A concept where consumer selects a brand on the basis of best features and software’s is a general concept that is called the top of the mind awareness, which states that every customer wants to buy a commodity that is best in every aspect. It is estimated by asking customers by using surveys about the brands that first rings a bell in a specific class.

8 0
2 years ago
Read 2 more answers
An annuity with an infinite life is called​ a(n) ________. A. perpetuity B. deep discount C. primia D. option
Tasya [4]

Answer:

The correct answer is letter "A": perpetuity.

Explanation:

Annuities are regularly-provided income hired through insurance. Those payments can be provided within a short or long period of time until an undetermined date. That is the reason why annuities are also called perpetuities. Annuities are taxed at regular income tax rates.

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2 years ago
FCOJ, Inc., a prominent consumer products firm, is debating whether or not to convert its all-equity capital structure to one th
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Answer:

a. $684

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c. 63 shares

Explanation:

a. The calculation of cash flow under the current capital structure is given below:-

Earning per share = Net income ÷ Shares

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= $3.8 per share

Cash flow = Earning per share × Stock shares

=$3.8 × 180 shares

= $684

b. The calculation of cash flow be under the proposed capital structure is given below:-

Value = $59 × 6,900

= $407,100

Under the capital structure suggested the company would collect new debt in the amount of:

Debt = 0.35 × $4071,00

= $142,485

Which means the amount of the repurchased shares will be:-

Shares repurchased = $142,485 ÷ $59

= $2,415

The Company will have to make an interest payment on the new debt under the new capital structure. The net income with the interest payment will be:-

Net income = $26,220 - 0.10 × $142,485

=$11,971.5

This means that the EPS will come under the new capital structure

Earning per share = $11,971.5 ÷ 4,485 shares

= $2.67 per share

Since all profits are paid out as dividends, the shareholder receives:-

Shareholder cash flow = Earning per share × Stock shares

= $2.67 × 180 shares

= $480.6

c. The shareholder would sell 35% of their shareholdings

= Shares × Debt percentage

= 180 × 35%

= 63 shares

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2 years ago
Which of the following elements are included on the hierarchy of hazard control?
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Answer:Implementing administrative controls Implementing engineering controls

Explanation:

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1 year ago
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