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nikklg [1K]
3 years ago
6

During a recent​ month, Canon Company planned to provide cleaning services to 30 customers for $ 26 per hour. Each job was expec

ted to take 8 hours. The company actually served 12 more customers than​ expected, but the average time spent on each job was only 7.5 hours each. Canon​'s revenues for the month were:a. $250 more than expected. b. S250 less than expected. c. $750 more than expected. d. Cannot be determined from data given
Business
1 answer:
prisoha [69]3 years ago
7 0

Answer:

$1,950 more than expected

Explanation:

In this question ,we have to compare the revenues based on expected and the actual

So, the expected revenues would be

= Number of customers × per hour rate × expected time spent

= 30 customers × $26 × 8 hours

= $6,240

And, the actual revenues would be

= Number of increased customers × per hour rate × average time spent

= 42 customers × $26 × 7.5 hours

= $8,190

The revenue is increased by

= $8,190 - $6,240

= $1,950 more than expected

This is the answer but the same is not provided in the given options

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You are purchasing an equipment for $ 200,000 for your new store. Assume the store has no other expenses or revenues other than
djverab [1.8K]

Answer:

Negative cash balance of $210,000.

Explanation:

Given that,

cost of equipment = $200,000

Inventory purchased = $12,500

Cash balance = $2,000

Accounts payable = $4,500

Net cash flow at time zero:

= (cost of equipment) + (Increase in working capital)

= ($200,000) + (Inventory purchased + cash balance - Accounts payable)

= ($200,000) + ($12,500 + $2,000 - $4,500)

= ($200,000) + ($10,000)

= ($210,000)

Note: Negative values are in the parenthesis.  

4 0
3 years ago
When the money market is drawn with the value of money on the vertical axis, the price level increases if Group of answer choice
oee [108]

Answer:

When the money market is drawn with the value of money on the vertical axis, the price level increases, money demand shifts right or money supply shifts left.

Explanation:

if the money market is drawn with the value of money on the vertical axis, while the price level increases there will be a decrement in the  value of money, and an increment in the quantity of money demanded.

An increment in the price level causes the money demand curve to shift to the right , while a decrement in the price level causes the money demand curve to shift to the left.

As the price level decreases, the value of money increases, so people want to hold less of it.

Therefore, when the money market is drawn with the value of money on the vertical axis, the price level increases, money demand shifts right or money supply shifts left.

7 0
3 years ago
You purchased one corn future contract at $2.29 per bushel. What would be your profit (loss) at maturity if the corn spot price
Evgesh-ka [11]

Answer: Loss of $950

Explanation:

You bought the contract at $2.29 per bushel.

The corn contract at the time was actually $2.10.

You bought the futures contract for more than the spot price for the same time period so this is a loss.

Loss = Loss per unit * number of units

= (2.29 - 2.10) * 5,000

= 0.19 * 5,000

= $950

3 0
3 years ago
The main premise of ________ is that effective leaders choose one or more leadership styles to influence employee expectations r
NARA [144]

Answer:

Path-Goal Leadership Theory

Explanation:

Path-Goal Leadership Theory -

This theory was given by Robert House , in the year 1971 .

It refers to the type of leadership theory , where the behavior of the leader depends on the performance , motivation and satisfaction of the other employees , is referred to as the path - goal leadership theory .

It is also referred to as path–goal theory of leader effectiveness .

Hence , from the given information of the question ,

The correct answer is Path-Goal Leadership Theory .

3 0
4 years ago
Cullen Company has $235,000 in credit sales, and $164,200 in its Accounts Receivable at the end of the year. The company uses th
S_A_V [24]

Answer:

Net Realizablel Value of Account receivable = $142,850

Explanation:

Particulars                                                             Amount

Total Accounts Receivable                                  $164,200

- Pre-adjusted Uncollectable Account balance  $7,250

- Current Year Uncollectable Amount                 <u>$14,100   </u> ($235000*6%)

Net Realizable Value                                            <u>$142,850</u>

4 0
3 years ago
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