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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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Suppose avon and nova stocks have volatilities of 50% and 25%, respectively, and they are perfectly negatively correlated. what
kirill115 [55]
I just got home and so he can get me to work on that the house and he can do it for me tomorrow and we can go to do something fun and do it for me tomorrow or
4 0
2 years ago
A business that consumes $3,000 of resources to make a product that is sold for $4,000 has earnings or ____ of $1,000. (Enter on
Vlada [557]

Answer:

Profit

Explanation:

The term profit is a term used to describe financial gain. The profit is the difference between the amount of money earned on a business transaction involving the sale of an item or service, to the amount spent to produce, to procure, or the put in a function condition.

In the question, the amount consumed or spent to make the product = $3,000

The amount for which the product was sold = $ 4,000

The profit = 4,000 - 3,000 = $1,000.

7 0
2 years ago
Spaniards can produce 10 gallons of wine or 8 gallons of olive oil per worker hour. Americans can produce 9 gallons of wine or 6
Drupady [299]

Answer:

a. Americans, Spanish

Explanation:

<u>Particulars  Wine  Olive Oil    Opportunity   Opportunity cost of Olive oil</u>

<u>                                          cost of Wine</u>

Spaniards    10            8           0.8                   1.25

Americans   9             6           0.67                 1.5

From the above table, the first option is correct

3 0
1 year ago
g Sayers Co. sold merchandise on account to a customer for $80,000 terms 2/10, n/30. The cost of the goods sold was $58,000. a.
nadezda [96]

Answer:

a. 1. Debit Cost of goods sold $58,000

Credit Merchandise $58,000

2. Debit Receivable Accounts $78,400

Credit Sales $78,400

b.

Debit Cash $78,400

Credit Accounts Receivable  $78,400

c.

Debit Cash $80,000

Credit Sales discount forfeited $1,600

Credit Accounts Receivable  $78,400

Explanation:

Credit terms of 2/10, n/30 means that 2% discount for the payment within 10 days and the full amount to be paid within 30 days.

Sayers Co. uses the net method under a perpetual inventory system.

a. Journalize Sayers’ entries to record the sale:

1. Debit Cost of goods sold $58,000

Credit Merchandise $58,000

2. Debit Receivable Accounts $78,400

Credit Sales $78,400

b. Journalize the receipt of payment within the discount period

Debit Cash $78,400

Credit Accounts Receivable  $78,400

c. Journalize the entry to record the receipt of payment beyond the discount period of 10 days

Debit Cash $80,000

Credit Sales discount forfeited $1,600

Credit Accounts Receivable  $78,400

6 0
2 years ago
On January 1, 2021, Taco King leased retail space from Fogelman Properties. The 10-year finance lease requires quarterly variabl
Natalija [7]

Answer:

<u>Jan 1st, 2021 entry:</u>

Equipment    746,168 debit

    Lease Liability    723,668 credit

    Cash                     22,500 credit

<u>April 1st, 2021 entry:</u>

Interest expense    7,537 debit

Lease Liability       15,263 debit

         Cash              22,800 credit

Explanation:

We will assume a 750,000 sales revenue per quarter. As this was their historical and expected value:

750,000 x 3% = 22,500 per quarter

Now, we solve for the present value of the lease payment:

C \times \frac{1-(1+r)^{-time} }{rate}(1+r) = PV\\

C 22,500

time 40 (10 years x 4 quarter per year)

rate 0.01 (4% annual / 4 quarters)

22500 \times \frac{1-(1+0.01)^{-40} }{0.01}(1+0.01) = PV\\

PV $746,168.2419

we subtract the first payment of 22,500

lease liability reocrded in the enrty: 723.668

As lease sales were 760,000

lease payment: 760,000 x 3% = 22,800

less expected of 22,500 = 300 additional interest expense

interest expense: 723,668 x 0.01 = 7,237 + 300 = 7,537

amortization on lease liability: 22,800 -7,537 = 15,263

6 0
2 years ago
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