Answer:
$140 per hour
Explanation:
The computation of labor charge per hour is shown below:-
Labor charge per hour = (Total of Wheels 'N Spokes Repair Shop ÷ labor hours) + Profit margin
= ($500,000 ÷ 5,000 hours) + $40 per labor hour
= $100 per hour + $40 per hour
= $140 per hour
Therefore for computing the labor charge per hour we simply applied the above formula.
<u>Answer:</u>
<em>An increase in quantity supplied and quantity demanded.</em>
<u>Explanation:</u>
If population increases in a city with <em>effective rent controls</em> (and nothing else changes) in the market for rental housing there will be an increase in <em>quantity supplied and quantity demanded. </em>
As with the <em>rising population the demand for rental housing</em> increase and with the rent control rent remains same, but the supply of rental housing units increases.Therefore, there will be an increase in the <em>quantity supplied and demanded.</em>
Hi there
Worth of merchandise after purchase returns
4,000−275=3,725
Worth of merchandise after cash discount
3,725+3,725×0.02=3,799.5
Add the transportation cost to the cost of merchandise to get total amount paid for this merchandise
3,799.5+350=4,149.5
Good luck!
Answer:
1 Nov 2021 Cash $80.8 million Dr
Notes Payable $80.8 million Cr
Explanation:
The note issued by Ontario will be against the amount borrowed by Ontario. The borrowing will result in Ontario receiving cash. The receipt of cash will increase the amount of cash which is a asset and it will be debited by the amount of cash received.
The note issued by Ontario is a liability for Ontario. An increase in liability will be recorded by a credit to notes payable account by the amount of the cash received by Ontario. It carries interest that will be recorded at the year end adjusting entry for the period that relates to this year. The remaining interest will be recorded when the note matures and the total amount of interest on note will be paid along with the principal at maturity.
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