Why is the world so reckless?

Kyle started a new job part of the way through last month that pays $7 per hour. he began the month making $5 per hour at his ol

jarptica [38.1K]

Let's call
x = number of hours worked by Kyle in his old job.
y = number of hours worked by Kyle in his new job.
Writing the system of equations:
x + y = 54
5x + 7y = 338
Solving the system of equations:
5 (54-y) + 7y = 338
270-5y + 7y = 338
2y = 338-270
y = 68/2 = 34
Therefore, Kyle worked 34 hours in his new job.

7 0

4 years ago

Human capital is best defined as: Group of answer choices any piece of machinery that must be combined with labor to be producti

tiny-mole [99]

Answer:

The correct answer is: the productive skills and knowledge that workers acquire from education and training.

Explanation:

Human capital is the intangible assets possessed by individuals or groups that can produce economic value. These assets can be education, health, intelligence, training, loyalty, punctuality, etc.

Human capital improves the productivity of physical capital by using it more efficiently. In a firm, it improves productivity and profitability. The firm though does not include it on its balance sheet. It is the economic value of the skills and experience of workers.

8 0

4 years ago

A new accountant at Windsor, Inc. is trying to identify which of the following amounts should be reported as the current asset "

seropon [69]

Answer:

The balance should Windsor report as its "Cash and cash equivalents" balance at April 30, 2017 is $19,410

Explanation:

The computation of the "Cash and cash equivalents" balance at April 30, 2017 is shown below:

= Currency amount + U.S treasury bill + check received in April month + checking account + saving account

= $70 + $11,100 + $300 + $2,730 + $5,210

= $19,410

The other given transactions would not be included because there is no outflow and inflow of cash for the April month. Hence, ignored it

5 0

3 years ago

Elburn Supply Co. has the following transactions related to notes receivable during the last 2 months of 2015. The company does

Margarita [4]

Answer:

Transaction in 2015:

Nov 1 2015

Dr Loan Receivable 30,000

Cr Cash 30,000

( to record loan to Manny Lopez)

Dec 11 2015

Dr Account Receivable 6,750

Cr Sales 6,750

(to record sales on account to Ralph Kremer)

16 Dec 2015

Dr Note Receivable 4,000

Cr Account Receivable 4,000

(to record note receipt in exchange for receivable from Joe Fernetti)

31 Dec 2015

Dr Interest Receivable 553

Cr Interest Income 553

The collection of the Lopez note at its maturity in 2016:

Nov 1 2016:

Dr Cash 33,042

Cr Interest Receivable 508

Cr Loan Receivable 30,000

Cr Interest income 2,534

( to record collection of loan from Lopez)

Explanation:

Transaction in 2015:

Nov 1: Cash loan is made so Cash decrease (Cr) and Loan Receivable increase (Dr)

Dec 11: Sales on account so Account receivable increases (Dr) and Sales increases (Cr)

Dec 16: Note is received in exchange of receivable, so Note receivable increases (Dr) and Receivable decreases (Cr)

Dec 31: Total interest income accrued on loan/receivables is recorded as Dr Interest receivable ( increase) and Cr Interest income (increase) and is calculated as:

Loan to Lopez + Receivable from Ralph + Receivable from Joe = 30,000 x 10% x 61/360 + 6,750 x 8% x 20/360 + 4,000 x 9% x 15/360 = 553.

The collection of the Lopez note at its maturity in 2016:

Total cash receipt = Principal + interest expenses = 30,000 + 30,000 x 10% x 365/360 = $33,042 and is recorded as Dr.

Interest income recorded in Interest receivable account in 2015 should be clear (Cr) at the amount of 30,000 x 10% x 61/360 = 501.

Another interest income earned in the year of 2016, calculated as 30,000 x 10% x (365-61)/360 = 2,534 is recorded ( Cr);

Loan receivable is cleared (Cr) at the principal amount of $30,000.

4 0

3 years ago

Bill has a mortgage loan on his personal residence. he decides to pay 18 months of interest in advance on october 1, 2016. the t

VARVARA [1.3K]

In theory, Bill can deduct $36000 from his 2016 taxes. However, there are often caps on deductions, so there is really not enough information.

3 0

4 years ago