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olga2289 [7]
2 years ago
14

In a small manufacturing facility, one welder is needed for every 200 hours of machine-hours or fewer in a month. The welder is

paid a monthly salary of $2,500. If the total monthly requirement is 1,300 machine-hours, the total salaried employee expense is ________.
Business
1 answer:
Lerok [7]2 years ago
6 0

Answer:

$16250

Explanation:

For every 200 hours of needed work, $2500 must be paid. We divide the amount of hours needed for 200 to obtain the amount of times that $2500 are paid. Multiplying this number by $2500 we obtain the total expense gor salaried employees.

frac{{1300}{200}}x2500

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Barth Interior provides decorating advice to its clients. Three recent transactions of the company include:
Margarita [4]

Answer:

Memo Describing Each Step of the Six-Step Measurement Process

To: Ms. Teagantigan, PhD, Financial Accounting

From: Okwukwe Faith, Financial Accounting Student

Subject: The Six-Step Measurement Process

Date: October 11, 2020

Find below the description you requested on the above subject.

1st Step: Identifying the accounts involved using the source documents:

For the provision of decorating services of $500 to a client, the invoice for the service will be reviewed for the accounts involved in the transaction.  It will show that Accounts receivable and Service Revenue are involved.  A review of the payroll check will also show the payment of salary to an employee, in which Cash Account and Salaries Expense account are involved.  Similarly, a review of the purchasing invoice will show that Office Equipment and Cash Account are involved for the purchase of equipment.

2nd Step: Analysis of the impact on the accounting equation: For a) Accounts Receivable and Service Revenue will increase by $500 respectively.  Cash Account will decrease while Salaries Expense account will increase by $1,200 for b).  For c) Office Equipment will increase and Cash will decrease by $2,700.

3rd Step: Assessing the accounts to be debited or credited:  For a) Accounts Receivable will be debited and Service Revenue credited.  For b) Salaries Expense will be debited and Cash credited.  For c) Office Equipment will be debited and Cash credited.

4th Step: With the above identification, the journal will be recorded for transactions a - c as detailed above.

5th Step: The above transactions will then be posted to the general ledger in their respective accounts.

6th Step: At the end of the period, the accounts will be balance and a list of balances extracted in the Trial Balance.

I hope I have understood the steps enough.

Regards,

Okwukwe Faith

Explanation:

We have detailed above the six-step measurement process for evaluating business transactions and events.  These steps help to identify the accounts involved in each business event and determine how the events are recorded in the accounting books.

5 0
1 year ago
In a classic​ prisoners' dilemma​ example, Larry and​ Duncan, possible​ criminals, will get one year in prison if neither​ talks
viktelen [127]

Answer:

The correct answer is option B - Given this payoff matrix and the​ payoffs, each criminal has an incentive to confess.

Explanation:

The prisoner's dilemma demonstrates the tradeoffs between cooperative and non-cooperative behavior.

The two individuals are being held prisoner for the same crime. However, they are in separate cells with no possibilities of communication.

With the payoff's given in the table, the best response of player 1 is to confess whether or not player 2 chooses to cooperate. Confess is also a dominant strategy for player 2 whether or not player 1 chooses to cooperate.

Therefore, the correct answer is option B - Given this payoff matrix and the​ payoffs, each criminal has an incentive to confess.

5 0
1 year ago
On January 1, 2020, a company buys a piece of equipment costing $666,633 with a 14% installment note. The note will be paid off
adoni [48]

Answer:

Installment Note Schedule:

Period      Beginning Balance    Interest       Principal     Ending Balance

1. Year #1 $666,633.00 $46,664.31 $93,192.49 $573,440.51

2. Year #1 $573,440.51 $40,140.84 $99,715.97 $473,724.54

3. Year #2 $473,724.54 $33,160.72 $106,696.09 $367,028.45

4. Year #2 $367,028.45 $25,691.99 $114,164.81 $252,863.64

5. Year #3 $252,863.64 $17,700.45 $122,156.35 $130,707.29

6. Year #3 $130,707.29 $9,149.51 $130,707.29 $0.00

Explanation:

a) Data and Calculations:

Cost of equipment = $666,633

Rate of interest = 14%

Payment terms = semiannual payments over three years

Payment for each period = $139,857

Loan Amount  $666,633

Loan Term  3  years  0  months

Interest Rate  14

Compound  Semi-annually

Pay Back  Every 6 Months

Results:

Payment Every 6 Months = $139,856.80 = $139,857 approx.

Total of 6 Payments = $839,140.82

Total Interest = $172,507.82

4 0
1 year ago
If increasing physical capital increases productivity, why would a company not buy newer, faster computers for all its workers e
Alexxx [7]

Answer: it would be too large of an unnecessary expense

There are different resources or factors of production needed by the company. Human capital and physical capital like faster computers are some of them. Buying new computers for all workers will really increase productivity but it would be too large of an unnecessary expense if their specific jobs do not require them and also computers become obsolete in 3 years time.


7 0
1 year ago
Pepper Company reports a $120,000 increase in inventory and a $40,000 increase in accounts payable during the year. Cost of Good
True [87]

Answer:

The cash payments made to suppliers were $1,280,000

Explanation:

Cash Payment made to the supplier can be calculated using the following formula

Cash Payment made to suppliers = Cost of Goods Sold + Increase in Inventory - Increase in account payable

By Placing values in the formula

Cash Payment made to suppliers = $1,200,000 + $120,000 - $40,000

ash Payment made to suppliers = $1,280,000

4 0
2 years ago
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