Answer:
Total earnings= $581.52
Explanation:
Giving the following information:
Jane receives 16 cents for every unit produced. jane produces 3,512 pieces in a 43-hour workweek.
For overtime, Jane is paid a sum equal to one-half the regular hourly pay rate.
I will assume that Jane works evenly each hour.
<u>First, we will determine the number of units produced for an hour:</u>
<u />
Units for an hour= 3,512/43= 81.67 units
<u>Now, the total piece work and overtime:</u>
Piecework= 0.16*3,512= $561.92
Overtime= (81.67*3)*0.08= $19.6
Total earnings= $581.52
Answer: (1) Equilibrium price = 60 and Equilibrium quantity = 120, when I = $1500.
(2) Equilibrium price = 54 and Equilibrium quantity = 108, when I = $1200.
Explanation:
(1) When Average income (I) = $1500
At equilibrium, QD = QS
150 - 3p + 0.1I = 2p
150 - 3p + 0.1 × 1500 = 2p
5p = 300
p = 
p = 60
q = 2p ⇒ 2 × 60 = 120
Hence, p and q are equilibrium price and equilibrium quantity, respectively.
(2) If 20% income tax is introduced then Average income (I) = $1500 - 20% of $1500 ⇒ $1500 - $300 = $1200
At equilibrium, QD = QS
150 - 3p + 0.1I = 2p
150 - 3p + 0.1 × 1200 = 2p
5p = 270
p = 
p = 54
q = 2p ⇒ 2 × 54 = 108
Hence, p and q are equilibrium price and equilibrium quantity, respectively.
Answer:
c. under both the capital stock and additional paid-in capital sections
Explanation:
In the given question, the corporation issued 40,000 shares for $50 par value and for cash $60 per share
So, it affects the two accounts, one is preferred stock and the second is additional paid-in capital.
The preference stock should be increased by $2,000,000 (40,000 shares × $50)
Whereas the difference of $400,000 (40,000 shares × $10) would be transferred to additional paid in the capital account
And, the preferred stock has come under a capital stock account that's why we considered both the things
Answer:
$36,000
Explanation:
Joint process cost =$85000
Allocation of Joint cost using relative sales value method:-
Sales value of Nuts = 5,000 pounds × $20 per pound
= $100,000
Sales value of Bolts = 10,000 pounds × $15 per pound
= $150,000
Total sales value = $100,000 + $150,000
= $250,000
Joint cost allocate to Nuts:
= (Total Joint cost ÷ Total relative sales value) × Sales value of Nuts
= ($90,000 ÷ $250,000) × $100,000
= $36,000
