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Leya [2.2K]
3 years ago
14

Mary’s hourly wage is twice that of John’s. John’s and Dennis’ hourly wages together total $60. If Dennis earns 1/3 of John’s ra

te, what does Mary make per hour?
Business
1 answer:
kolezko [41]3 years ago
3 0

Answer: $90

Explanation: This problem can be solved by using following equation :-

Let John's hourly wage rate be J, Mary's hourly wage rate be M and Dennis hourly wage rate be D, therefore :-

Mary's rate will be :-

M = 2J............equation 1

AND,

J + D = $60 ..... equation 2

Similarly,

D = 1/3J

Now,putting the value of D in equation 2 we get,

J + 1/3J = $60

J  = $45

Putting the values of J in equation equation 1 we get,

M = 2 * $45

   = $90

So, Mary's hourly wage rate is $90

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Based on the above definition, <u>only option C does not align with the matching principle</u><u> </u>because expenses should be recorded in the income statement when incurred and NOT when cash is paid. If it is recorded when cash is paid, it means <em>cash basis of accounting</em> is being applied.

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6 0
3 years ago
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Explanation:

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