BUSINESS HIGH SCHOOL

Alice​, who is paid​ time-and-a-half for hours worked in excess of 40​ hours, had gross weekly wages of $ 667 for 44 hours worked. What is her regular hourly​ rate?

Answers

Answer 1
Answer:

Answer:

$13.5

Explanation:

Alice worekd a total of 44 hours

Regular hours = 40 hours

Excess hour = 4 hours

Assusuming hourly rate = R

it means that (40x R)+( 4 x 1.5 R) = 621

= 40R + 6R =621

46R =621

R=621/46

Hourly rate = $13.5

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What is one benefit or drawback to an hourly wage

Answers

Benefit of hourly wage.
- The more hours you work the more income you earn
However when it comes to annual pay, it is most likely that the regular paid employee earn more rather than hourly paid employee because hourly paid employee doesn't have leaves to use and no work no pay.

Higher consumer prices are likely to be accompanied by:A. lower union wages.

B. lower interest rates.

C. lower production costs.

D. higher interest rates.

Answers

Higher consumer prices are likely to be accompanied by D. higher interest rates. It leads to increasing the company's cost of raising capital ant then to higher cost production.

Answer:

D. higher interest rates

Explanation:

Cave​ Hardware's forecasted sales for​ April; May;​ June; and July are $ 200,000​; $ 210,000​; $ 150,000​; and $ 240,000​; respectively. Sales are 70​% cash and 30​% credit with all accounts receivables collected in the month following the sale. Cost of goods sold is 80​% of sales and ending inventory is maintained at $ 75,000 plus 10​% of the following​ month's cost of goods sold. All inventory purchases are paid 26​% in the month of purchase and 74​% in the following month. What is the balance of accounts payable on the June 30 budgeted balance sheet at Cave​ Hardware?

Answers

Answer:

The balance of account payable for month of June would be $94,128

Explanation:

Here for taking out the amount account payable for month of June , we will need to have Purchases for the month of June and as it is told that 74% of the inventory purchased would be paid in the following month, it means that the inventory that was purchased in May , 74% of it would be paid in June , so therefore the 74% of purchases would be the account payable for month of June.

First we would have to take out purchases and for that we will use equation of -

Cost of goods sold + ending inventory - opening inventory (for June)

COST OF GOODS SOLD =

$150,000 X 80%

= $120,000

ENDING INVENTORY =

$75,000 + 10% OF COST OF GOODS SOLD OF JULY

= $75,000 + 10% X [ 80% X $240,000 ]

= $75,000 + 10% X 192,000

= $75,000 + $19,200

= $94,200

OPENING INVENTORY =

$75,000 + $120,000 X 10%

= $75,000 + $12,000

= $87,000

Now putting all these values in equations top take out purchases-

=$120,000 + $94,200 - $87,000

= $127,200

PURCHASES = $127,200

ACCOUNT PAYABLE = PURCHASES X 74%

= $127,200 X 74%

= $94,128

Assume that the Fitzgerald Corporation uses the indirect method to depict cash flows. Indicate where, if at all, a stock dividend declared and issued would be classified on the statement of cash flows. a. Does not represent a cash flow.
b. Financing activities section.
c. Investing activities section.
d. Operating activities section.

Answers

Answer:

b. Financing activities section.

Explanation:

Paid dividends are part of the financing activities of a cash flow statement since they affect the company's paid in capital. This section also includes any stocks issued or repurchased, as well as any changes in the company's long term debts. The company's statement of cash flows generally begins with operating cash flows, then investing cash flows and finally financing cash flows.

After the price of smartphone apps falls, Justin buys fewer flash drives but he buys a new smartphone. For Justin 1. smartphone apps and flash drives are substitutes, and smartphone apps and smartphones are complements. 2. smartphone apps, flash drives, and smartphones are not all complements. 3. smartphone apps, flash drives, and smartphones are all complements. 4. smartphone apps and flash drives are complements, and smartphone apps and smartphones are substitutes.

Answers

Answer:

1. smartphone apps and flash drives are substitutes, and smartphone apps and smartphones are complements

Explanation:

Complements are goods that are consumed together. If the price of one of the goods increases, the demand for the other good increases. This indicates that smartphone and smartphone apps are complements.

Substitutes are goods that can be used in place of each other. If the price of one good falls, the consumer demands more of that good and less of the subsituite goods. This shows that smartphone apps and flash drives are substitutes.

I hope my answer helps you

Final answer:

The question discusses the concepts of substitutes and complements. When the price of smartphone apps falls, Justin buys fewer of its substitute (flash drives) and more of its complement (a smartphone).

Explanation:

The question refers to two economic concepts: substitutes and complements. Substitutes are goods or services that can be used in place of each other. If the price of one good falls, people tend to consume less of its substitute and instead consume more of the cheaper good. This is called the substitution effect. For instance, if the price of smartphone apps declines, Justin buys fewer flash drives (since these are now relatively more expensive) and more apps.

Meanwhile, complements are goods that are typically consumed together. If the price of one good drops, the demand for its complement tends to increase. So in Justin's case, because the price of apps fell, he also bought a new smartphone to go along with the apps. Here, smartphone apps and smartphones are complements.

Therefore, for Justin, smartphone apps and flash drives are substitutes, while smartphone apps and smartphones are complements.

Learn more about Substitutes and Complements here:

brainly.com/question/34120292

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What's the main advantage of establishing per-item prices on an order and pricing form?a. Clients have a way to tailor a catered event to their budget.
b. Clients are informed in advance that high-cost items should be excluded.
c. You can reduce the cost of materials and labor.
d. You can estimate your total cost and reduce overhead.

Answers

The best answer to the question that is being presented above would be letter a. The main advantage of establishing per-item prices on an order and pricing form is so that clients have a way to tailor a catered event to their budget.
The main advantage of establishing per-item prices on an order and pricing form is You can reduce the cost of materials and labor. The answer is letter C. The rest of the choices do not answer the question above.
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