Those costs that do not vary with quantity of goods sold are called _____

Max works 40 hours per week as a tire store manager. If he made $25,480 last year, how much was he paid per hour?

Sergeeva-Olga [200]

To figure this out, we need to write down some rules/formulas.
Max works 40 hours per week. There are 52 weeks within a year. He made $25,480 last year, and now we're looking for how much he made per hour.
Since we have 52 weeks in a year, divide 25,480 by 52 to get how much he made per week. Once we do that, divide that quotient by 40 to get how much he made per hour.
25,480/52 = 490.
He made $490 per week, but now we must divide by 40 to get how much he made per hour, since we have 40 hours.
490/40 = 12.25
Max made $12.25 per hour.
I hope this helps!

3 0

3 years ago

Paulson Company issues 6%, four-year bonds, on January 1 of this year, with a par value of $200,000 and semiannual interest paym

tatyana61 [14]

Answer: Incomplete question.

the complete queston is

Use the above straight-line bond amortization table and prepare journal entries for the following.

(a) The issuance of bonds on December 31, 2020.

b) The first interest payment on June 30, 2021.

(c) The second interest payment on December 31, 2021.

find answer in explanation column.

Explanation:

Semiannual Period-End Unamortized Discount Carrying Value

(0) January 1, issuance $13,466 $ 186,534

(1) June 30, first payment 11,782 188,218

(2) December 31, second payment 10,098 189,902

1. to record issue of bonds payable

Date Account Debit Credit

Dec 31,2020 Cash(carrying value) $ 186,534

Discount on bonds payable $13,466

Bonds payable $200,000

2. To record first interest payment

Date Account Debit Credit

june 30, 2021 Interest expense $7,684

discount on bonds payable $1, 684

Cash $6,000

Calculation =

Cash paid towards interest every semi annual period = $200,000 X 6% X1/2 =$6,000.

interest expense = cash paid + discount on bonds payable written off.

= $6000 + $1, 684 = $7,684

discount on bonds payable = unamortised discount on 31 dec - unamortised discount on 30th june) ($13,466 -11,782 ==$1,684)

3.To record second interest payment on december 31,2021.

Date Account Debit Credit

Dec. 31 ,2021 Interest expense $7,684

discount on bonds payable $1.684

Cash $6,000

Calculation

discount on bonds payable = unamortised discount on 30th june - unamortised discount on 31st december 2021 =11,782-10,098 = $1.684

8 0

3 years ago

A work group _______ may be defined as a standard that is shared by group members and that regulates member behavior within an o

Ludmilka [50]

A work group norms can be defined as a standard shared by the group's members and which regulates the behavior of the members within an organization.

<h3 /><h3>What is the relevance of a company's norms and policies?</h3>

They are instruments that direct the behavior of employees, providing the set of values, attitudes and rules that must be followed in the work environment so that processes flow correctly and create an organizational culture favorable to cooperation and development.

Therefore, norms help in the standardization of organizational actions, generating the regulation and control of the behavior of the members of a company.

Find out more about organizational norms here:

brainly.com/question/26965722

#SPJ1

7 0

2 years ago

Chang Industries has 2,000 defective units of product that already cost $14 each to produce. A salvage company will purchase the

lidiya [134]

Answer:

A sunk cost is the correct answer to this question.

Explanation:

Sunk cost:- Sunk costs are those expenses that have been accumulated in the past and are thus in some way unrelated to judgment-making.

In the question referred to above, the company has already made $14 to produce. This cost will be inconsequential even if the company makes the units as it is or procedures them further.

As a result, $14 is a sunk expense.

Other options are incorrect because they are not related to the given scenario.

5 0

3 years ago

In 2015, the Washington Nationals baseball team signed pitcher Max Scherzer to a contract to play for them for seven years. He

Salsk061 [2.6K]

Answer: D. The actual value of the contract is less than $30 million for each year he plays.

Explanation:

Given that Mark sherzer will be paid $15 million per year for 14 years reflects a contract whose value at the time of signing is ($15 million × 14) = $210 million. However, the payment would not be paid at the of signing but spread over a period of 14 years with $15 million being splashed out annually. However, considering the time value of money, whereby the present value of a fixed amount decreases with time. Hence in actual sense, the $210 million face worth of the contract will actually be less than $30 million [$210/7(playing years)] as time progresses on the fixed amount paid yearly due to reduction in the value of the present value as time progresses.

7 0

3 years ago

Those costs that do not vary with quantity of goods sold are called ______.