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3 years ago

5

Rob works for $8.00 per hour. His regular hours are 40 hours per week and he gets time-and-a-half for overtime. One week he work

s 50 hours. He wants to calculate his pay. Rate Regular Hours Overtime Hours Total $8.00 N/A $ $ N/A $ Gross $

1 answer:

Arlecino [84]3 years ago

5 0

Answer:

$440

Explanation:

$8.00 x 40 = 320

1.5 x 8 = 12

12 x 10 = 120

320 + 120 = 440

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With respect to delaying revenue recognition until completion of a long-term contract, it is the case that: Multiple Choice A) E

hichkok12 [17]

<h2>Estimated losses on the overall contract are recognized before the contract is completed. </h2>

Explanation:

Revenue recognition cannot be done prior to the completion of contract.

But the asset can be created. Only after the contract gets completed the revenue recognition can be realized.

For a long-term project, the revenue can be recognized based on the percentage of completion.

Revenue recognition keeps financial transactions aligned.

Option A: valid

Option B Invalid, because expenses are also recognized

Option C: This process is acceptable.

Option D: Gains and profits are calculated in this type of method

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4 years ago

Rebel Technology maintains its records using cash-basis accounting. During the year, the company received cash from customers, $

Elden [556K]

Answer:

The cash-basis net income and accrual-basis net income for the year is $19,500 and $22,800 respectively.

Explanation:

The computation is shown below:

1. Net income under cash basis:

= Received cash from customers - paid cash for salaries

= $43,000 - $23,500

= $19,500

2. Net income under accrual basis:

= Cash received - salary paid

where,

Cash received = Cash owed at the end of the year + cash received - cash owed at the beginning of the year

= $6,600 + $43,000 - $1,000

= $48,600

And, the salary paid = salary owed at the end of the year + salary paid - salary owed at the beginning of the year

= $5,600 + $23,500 - $3,300

= $25,800

Now put these values to the above formula

So, the value would equal to

= $48,600 - $25,800

= $22,800

3 0

4 years ago

Wilson Co. is considering two mutually exclusive projects. Both require an initial investment of $10,000 at t = 0. Project X has

arlik [135]

Answer:

d. $1,376.74

Explanation:

NPV of Project X is

Year Cash outflow/inflow Present value factor Present value

0 -$10,000.00 1 -$10,000.00

1 $6,000.00 0.900901 $5,405.41

2 $8,500.00 0.811622 $6,898.79

NPV $2,304.20

NPV of Project Y is

Year Cash outflow/inflow Present value factor Present value

0 -$10,000.00 1 -$10,000.00

1 $4,600.00 0.900901 $4,144.14

2 $4,600.00 0.811622 $3,733.46

3 $4,600.00 0.731191 $3,363.48

4 $4,600.00 0.658731 $3,030.16

Total $4,271.25

Formula for calculation of Equivalent annual annuity is given by:

C = r*(NPV)/(1-(1+r)-n)

Applying the formula for project X, NPV =$2304,20

r = 11%, n = 2

Substituting the values in the above formula

C = 11%*$2304,20/(1-(1+11%)-2

=$1345.38

Applying the formula for project Y, NPV =$4271.25

r = 11%, n = 4

Substituting the values in the above formula

C = 11%*$4271.25/(1-(1+11%)-4

= $1376.74

Therefore, most profitable project is Y and its equivalent annual annuity = $1376.74.

8 0

4 years ago

1. The Jackson– Timberlake Wardrobe Co. just paid a dividend of $1.60 per share on its stock. The dividends are expected to grow

SSSSS [86.1K]

Answer:

$28.27

$33.67

$67.74

Explanation:

The computation of current price, price be in three years and In 15 years is shown below:-

Stock current price = Next expected dividend ÷ (Required return - Growth rate)

= $1.60 × (1 + 6%) ÷ (12% - 6%)

= $1.60 × 1.06 ÷ 0.06

= $28.27

Stock price in three years = D4 ÷ (Required return - Growth rate)

= $1.60 × ((1 + 6%)^4) ÷ (12% - 6%)

= $1.60 × (1.06)^4) ÷ 0.06

= $1.60 × 1.26247696 ÷ 0.06

= 33.66605227

or

= $33.67

Stock price in 15 years = D16 ÷ (Required return - Growth rate)

= $1.60 × ((1 + 6%)^16) ÷ (12% - 6%)

= $1.60 × (1.06)^16) ÷ 0.06

= $1.60 × 2.540351685

÷ 0.06

= 67.74271159

or

= $67.74

4 0

4 years ago

Why might a town decide to issue bonds?

fredd [130]

The answer is C) Both A and B

When a town issues bonds, it is issuing an IOU with interest, usually to help fund projects (such as roads or bridges) or to provide a public service.

Keep in mind that the town is saving money for residents only if it is the residents of the town who purchase the bonds. These bonds enable the residents to earn a return on their savings, since they are entitled to be paid back by the town with interest at a predetermined date.

8 0

3 years ago

Read 2 more answers