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Anettt [7]
3 years ago
15

A plumber and his assistant work together to replace the pipes in an old house. The plumber charges $40 an hour for his own labo

r and $15 an hour for his assistant's labor. The plumber works twice as long as his assistant on this job, and the labor charge on the final bill is $3325. How long did the plumber and his assistant work on this job
Business
1 answer:
Margaret [11]3 years ago
6 0

Answer:

The plumber worked <u>70 hours</u> and his assistant <u>35 hours</u>.

Explanation:

To solve this problem, we will use the substitution method. Step by step explanation:

1. Defining the variables:

  • P: For plumber
  • A: For assistant

2. Defining the equations:

  1. P = 2A (As the plumber works exactly double what the assistant works)
  2. $40P + $15A = $3325

3. Replacing P in equation 2:

  • 40(2A) + 15A = 3325\\80A + 15A = 3325\\95A = 3325\\A = \frac{3325}{95} \\A = 35

4. Replacing A in equation 1 to find the value of P:

  • P = 2(35)\\P = 70

This means the plumber worked <u>70 hours</u> and his assistant <u>35 hours</u> for a final bill of $3325.

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Answer:

differentiation

Explanation:

according to Course Hero "Differentiation strategy offers products that are unique and different from the competition."

5 0
3 years ago
Bigham Corporation, an accrual basis calendar year taxpayer, sells its services under 12- and 24-month contracts. The corporatio
Andreas93 [3]

Answer:

12 months

2020 $22,400

2021 $22,400

24 months

2020 $22,400

2021 $44,800

Explanation:

Calculation to Determine the income to be recognized in taxable income in 2020 and 2021.

Length of Contract

12 months

2020 Income=$44,800 * 6/12=$22,400

2021 Income=$44,800 * 6/12=$22,400

24 months

2020 Income=$89,600 *6/24=$22,400

2021 Income =$89,600 *12/24=$44,800

Therefore the income to be recognized in taxable income in 2020 and 2021 will be:

12 months

2020 $22,400

2021 $22,400

24 months

2020 $22,400

2021 $44,800

6 0
3 years ago
If inflation in the United States is 4% per year and in the United Kingdom it is 8% per year, and interest rate in the United Ki
Artemon [7]

Answer:

c. 6%.

Explanation:

Nominal interest rate = Real interest rate + Expected rate of inflation

Real interest rate = Nominal interest rate - Expected rate of inflation

United Kingdom

Real interest rate = 8% - 6% = 2%

Use Real Interest rate globally

Nominal interest rate = Real interest rate + Expected rate of inflation

Nominal interest rate = 2% + 4% = 6%

4 0
3 years ago
In Year 8, Seda Corp. acquired 6,000 shares of its $1 par value common stock at $36 per share. During Year 9, Seda issued 3,000
Elena L [17]

Answer: Please see answer in explanation column

Explanation:

Using the  cost method,  treasury stock is credited for cost of the shares when it is reissued, while Cash is debited for amount received.  Also, additional paid-in capital from treasury stock  will be credited to show the difference.

journal entry to record the issuance of 3000 shares in year 9

Date             Account                        Debit                   Credit

Year 9      Cash (3,000x $50)          $150,000

Treasury stock (3,000x$36)                                       $108,000

Additional paid-in capital- treasury stock                   $42,000

( $150,000  -  108,000)

7 0
4 years ago
What are the three basic economic questions all societies must answer?.
Anna11 [10]
Answer-

What goods and services should be produced?
How should they be made?
Who consumes these goods and services?
8 0
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