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agasfer [191]
3 years ago
14

During a recent​ month, Cali Company planned to provide cleaning services to 30 customers for $ 31 per hour. Each job was expect

ed to take 4 hours. The company actually served 10 more customers than​ expected, but the average time spent on each job was only 3.5 hours each. Cali​'s revenues for the month were A. $ 620 less than expected. B. $ 1 comma 240 more than expected. C. Cannot be determined from data given D. $ 620 more than expected.
Business
1 answer:
11111nata11111 [884]3 years ago
5 0

Answer:

Option (D) is correct.

Explanation:

Expected Revenue = 30 Customers × 4 hours each × $31 per hour.

                                 = $3,720

Actual Revenue = 40 Customers × 3.5 hours each × $31 per hour.

                            = $4,340

Increased Revenue = $4,340 - $3,720

                                 = $620

Therefore, Cali​'s revenues for the month were 620 more than expected.

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In the first half of 2011, automobile sales in the United States were lower than they were in the first half of 2010. The decrea
FinnZ [79.3K]

Answer:

Consumption and Investment

Explanation:

Consumption refers to household use of particular goods or services.

New and modern innovation creates new consumption, In this situation, a Decrease in 2010 model vehicle sales held by innovations and consumption also impact GDP.

If a business purchases these automobiles, it is called investment for automobile Businesses and industry.

4 0
3 years ago
Stephenson Company's computer system recently crashed, erasing much of the company's financial data. The following accounting in
mina [271]

Answer:

$210,400

Explanation:

Particulars                                            Amount

Cost of Goods Manufactured             $380,900

Add: Closing WIP                                 $46,000

Less: Opening WIP                             -$35,000

Less: Factory Overhead Applied       -$125,600

Less: Direct Labor                               -$62,700

Add: Closing stock of Direct material <u>$6,800    </u>

Direct Material Available for use       <u>$210,400</u>

8 0
3 years ago
Which of the following are advantages of short-term financing (as compared to long-term financing)?
ollegr [7]

Answer:

Answers a. and b. are both correct which shows the advantages of short-term financing (as compared to long-term financing).

Explanation:

The short term financing have includes less compliance, less interest rate, contain lesser amount, speedy transactions ,and lesser time period whereas the long term financing includes more compliance, large amounts, large time period.

Thus, a. and b. are both correct which shows the advantages of short-term financing (as compared to long-term financing)

5 0
3 years ago
You want to buy a house and will need to borrow $295,000. The interest rate on your loan is 6.37 percent compounded monthly and
svetlana [45]

Answer:

$1,839.45

Explanation:

PV =  P * [1-(1+r)^-n / r]

n = 30*12=360 months, r = 6.37%/12 = 0.5308% (monthly)

295,000 = P*[1 - (1+0.005308)^-360 / 0.005308}

295,000 = P * $160.3739

P = $295,000 / $160.3739

P = $1,839.45

So, the monthly mortgage payments is $1,839.45.

4 0
3 years ago
Which of these does NOT describe a friction that might prevent firms from choosing the optimal level of capital? A. Making too b
tekilochka [14]

Answer:

<u> C. The firm likes its workers and doesn’t want to replace some jobs with machinery.</u>

Explanation:

Optimal level of capital simply refers to an ideal strategy used by a firm to raise capital. For example, a firm may decide between debt financing or equity financing, depending on the company's desired level of capital.

So, an already operational firm with that likes its workers and doesn’t want to replace some jobs with machinery has no direct relationship with its level of capital.

8 0
3 years ago
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