Answer:
$330,000
Explanation:
the journal entries would be:
Dr Cash 200,000
Cr Notes payable - bank 200,000
Dr Equipment 80,000
Cr Cash 40,000
Cr Notes payable 40,000
Dr Merchandie inventory 60,000
Cr Accounts payable 60,000
Dr Accounts receivable 120,000
Cr Service revenue 120,000
Dr Accounts payable 30,000
Cr Cash 30,000
Dr Utilities expense 60,000
Cr Cash 60,000
Assets:
- Cash = 200,000 - 40,000 - 60,000 - 30,000 = $70,000
- Equipment = $80,000
- Merchandise inventory = $60,000
- Accounts receivable =$120,000
- total = $330,000
Because Chuck filed a claim to get overtime pay, he will most likely will get the overtime based on his average hourly rate and the average number of hours he worked over the allotted 40 hours per week.
Overtime payment refers to a compulsory payment that must be paid to an employee that work outside the official work hours.
- The overtime provisions are provided by the Fair Labor Standards Act (FLSA).
So, he will get the overtime based on his average hourly rate and the average number of hours he worked over the allotted 40 hours per week.
Therefore, the Option A is correct.
Missing word includes <em>"A. Chuck will get overtime based on his average hourly rate and the average number of hours he worked over the allotted 40 hours per week. B. Chuck will get one set amount for overtime based on the industry standard for similarly situated executives In his field. C. Chuck will not get overtime pay because he an executive who earns more than $100.000 a year. D. Chuck will be paid overtime wages because Dewey. Inc., is a private business pe here to search"</em>
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Read more about Overtime payment
<em>brainly.com/question/2576954</em>
To consider this question, we must consider the relationship between the resources and their costs.
Labor: The price that companies pay for labor is the wage. The businesses paid $68 billion for labor
Land: The price of land that business pay is rent (assuming they do not own the land). The business paid $14 billion for land.
Capital: The cost of using capital is the interest paid on that capital. The businesses paid $24 billion for using capital.
This leaves entrepreneurial ability. It is more difficult to discern the payment for this resource, as it is less tangible and thus has a less direct cost. From the payment for other resources and the total payment to households, we can infer the payment for entrepreneurial ability:
120 - 68 - 14 - 24 = $14 Billion
<span>External benefits are more significant when market output at the efficient level. So if anyone ignores the external benefits and only focuses on private benefits, this may lead to market quantity getting low and also the social surplus might get to its minimum.</span>
