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Savatey [412]
3 years ago
6

Gaulle Company began the year with a balance of $6,000 in Accounts Receivable and ended the year with $9,000 in the account. Rev

enues for the period amounted to $38,000. Under the direct method, Gaulle will report cash collected from customers of:
Business
1 answer:
Mkey [24]3 years ago
8 0

Answer:

$35,000

Explanation:

Data provided in the question:

Accounts Receivable at the start of the year = $6,000

Accounts Receivable at the end of the year = $9,000

Revenues for the period = $38,000

Now,

cash collected from the customers

= Beginning balance + Revenue for the year - Ending balance of account receivable

= $6,000 + $38,000 - $9,000

= $35,000

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s2008m [1.1K]

Under the Fair Labor Standards Act, Marianne is entitled to $12,000 for overtime pay.

<h3>What is the overtime rate under the Fair Labor Standards Act?</h3>

Under the Fair Labor Standards Act, the overtime rate is a <u>time and a half</u>.

<h3>Data and Calculations:</h3>

Annual salary = $170,000

Rate per hour = $80
Overtime rate per hour = $120 ($80 x 1.5)

Overtime hours = 100 hours

Overtime pay = $12,000 (100 x $80 x 1.5)

Thus, under the Fair Labor Standards Act, Marianne is entitled to $12,000 for overtime pay.

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5 0
2 years ago
Rey Custom Electronics (RCE) sells and installs complete security, computer, audio, and video systems for homes. On newly constr
IrinaK [193]

Answer:

The total estimated bil is $82,564.8

Explanation:

a. In order to calculate the rate charged per hour of labor we would have to use the following formula:

Labor rate per hour=<u>Total budgeted time charges</u> +Profit Margin

                                     Budgeted hours

=<u>$171,585</u> + $38.86

    5,580

=$69.61

The rate charged per hour of labor is $69.61

b. In order to calculate the material loading percentage we would have to use the following formula:

material loading=<u>Total budgeted material loadingcharges</u>+Profitpercentage

percentage           Total invoice of parts and materiales              on parts

material loading percentage=<u>$93,675    </u> + 80%

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=92.49%

The material loading percentage is 92.49%

c. In order to calculate the total estimated bill we would have to use the following formula:

total estimated bill=(labor rate per hour×hours required)+(material loading percentage×parts required)+material

=($69.61×80)+(92.49%×$40,000)+$40,000

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=$82,564.8

The total estimated bil is $82,564.8

8 0
3 years ago
Which type of risk is most likely to be insurable? A. Pure risk B. Speculative risk C. Equity risk D. Investment risk
BARSIC [14]
<span>the type of risk that is most likely to be insurable is : A. pure risk Pure risk refer to the type of risk in which loss is the only possible outcome. Example of pure risk : Identitiy theft Identity theft is insurable because the only possible outcome of identity theft is a loss in assets, there is no way someone could get more wealth after identity theft</span>
8 0
3 years ago
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How would you do this ??
Nookie1986 [14]

Answer:

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5 0
3 years ago
A firm buys on terms of 3/15, net 45. It does not take the discount, and it generally pays after 85 days. What is the nominal an
Firdavs [7]

Answer:

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Explanation:

The nominal cost of its non-free trade credit = the discounts lost for paying late.

In this case, the seller offers a 3% discount if the firm pays within 15 days.

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7 0
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