1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Shamas famous restaurants expects to pay a common stock dividend of $1.50 per share next year (d1). dividends are expected to gr
Tpy6a [65]

The company's external equity comes from those funds raised from public issuance of shares or rights. The cost of external equity is the minimum rate of return which the shareholders supply new funds <span>by </span>purchasing<span> new shares to prevent the decline of the market value of the shares. To compute the cost of external equity, we should use this formula:</span> 

Ke<span> = (DIV 1 / Po) + g</span> 

Ke<span> = cost of external equity</span> 

DIV 1 = dividend to be paid next year 

Po = market price of share 

g = growth rate 

In the problem, the estimated dividend to be paid next year is $1.50. The market price is $18.50 and the growth rate is 4%. 

<span>Substituting the given to the formulas, we need to divide $1.50 by $18.50 giving us the result of 8.11% plus the growth rate; this would yield to the result of 12.11% cost of external equity.</span>

8 0
3 years ago
The cost of wages paid to employees directly involved in the manufacturing process in converting materials into finished product
denis-greek [22]

Answer:

The correct answer is (A)

Explanation:

The cost which is directly associated with converting materials into a finished product is known as direct labour cost. The cost of wages paid to employees is the direct cost involved in the manufacturing process. In other words, a cost that is directly involved in the production of goods and services is the direct cost, for example, direct cost, direct commission, direct material cost.

5 0
3 years ago
In which transaction cycle would customer sales transaction information be most likely to pass between internal and external acc
dlinn [17]
A. the revenue cycle

5 0
3 years ago
Assume that the interest rate on borrowings in india is 1 percent while the interest rate on bank deposits in a u.s. bank is 6 p
BARSIC [14]
Those who try to benefit from a carry trade are hoping to borrow money at a low interest rate so that they can invest in something that will provide a higher return. People commonly do this between different foreign exchange markets to make the most on their return from investing in different country currencies. 
3 0
3 years ago
Hewo UwU peeople just saying Hewo
Anika [276]

Answer:

hello have a good day...

5 0
3 years ago
Read 2 more answers
Other questions:
  • ___ requires creditors to provide borrowers with a complete written account of credit terms and costs.
    7·1 answer
  • A balanced scorecard approach creates goals in four key performance areas and assesses ________.
    14·1 answer
  • Mary Stahley invested $1500 in a 48-month certificate of deposit (CD) that earned 6.5% annual simple interest. When the CD matur
    12·1 answer
  • A(n) _____ allows you to create a wireless connection among your smart devices.
    6·2 answers
  • Many traditional costing systems:
    5·2 answers
  • 1. A company issues new stock with a fair value of $120,000 to acquire 85% of the stock of another company. The fair value of th
    9·1 answer
  • Once tradable pollution permits have been allocated to firms:
    5·1 answer
  • Leodan, a glass manufacturing firm based in the U.S., has sole control over several glass manufacturing facilities located all o
    5·1 answer
  • The Wei's are buying their first home. The purchase price of the home is $175,859. The Wei's are putting a
    5·1 answer
  • Suppose that, in a competitive market without government regulations the equilibrium price of gasoline is $3.00 per gallon.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!