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sineoko [7]
3 years ago
9

At his regular hourly rate, Don had estimated the labor cost of a repair job as $336 and he was paid that amount. However, the j

ob took 4 hours longer than he had estimated and, consequently, he earned $2 per hour less than his regular hourly rate, What was the time Don had estimated for the job, in hours?

Business
1 answer:
Mnenie [13.5K]3 years ago
6 0

Answer: the time is 24 hours

Explanation:

Say the regular hourly rate was $ and estimated time was  hours, then we would have:

let r = rate of doing the job

And t = time.

rt = 336

Also, ( r- 2)(t - 4) = 336

Using simultaneous equation and quadratic equation lead to t = 24 hours

Find the attached file for solution

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The specific identification method of costing inventories is used when the company sells large quantities of relatively low-cost
Mila [183]

Answer:

company sells a limited quantity of high-unit cost items.

Explanation:

A specific identification method can be defined as a method used for determining the ending inventories cost.

Basically, this type of method for costing inventories typically involves doing a well-detailed physical count of each goods bought on a specific date or a particular period of time, so as to determine the exact number of goods remaining by the end of the year's inventory. Therefore, each of the goods purchased are tagged with their unit price and any other additional charges.

Hence, the specific identification method of costing inventories is used when the company sells a limited quantity of high-unit cost items.

7 0
3 years ago
"Greater Florida Builders wants to build a 450-acre housing development. They submit the plans to the local zoning commission wh
babymother [125]

Answer:

Dedicate the property for the school.

Explanation:

In this scenario Greater Florida Builders wants to build a 450-acre housing development. But before getting approval to commence the project the local zoning commission requires the Greater Florida Builders to dedicate a property to the school before it agrees to their proposal.

Local zoning commissions are locally elected government board that recommends to the city council the boundaries of various housing projects and ensuring these boundaries are enforced.

They also apply measures that segregates business property from residential property.

3 0
3 years ago
Explain what is meant by a good being "excludable." Explain what is meant by a good being "rival in consumption."
vovikov84 [41]

Answer:

If you can prevent a nonpaying consumer from having access to a good or service, that good is excludable. For example, only clients that buy a ticket can enter a movie theater and watch the movie.  

A good or service that can be consumed by only one consumer (or a specific number of consumers) is rival in consumption because other people cannot consume them simultaneously. For example, once the movie theater sold out, no more people can get inside and watch the movie.

8 0
3 years ago
Both Country A and country B produce machinery. Country A decides to
kiruha [24]

Answer:

B

Explanation:

Being comparative. hope its helpful because those other countries don't import machines from other countries yet country b imports so in that case it gains comparation btn other countries.

8 0
3 years ago
1. Acquired $25,000 from the issue of common stock. 2. Purchased $2,500 of supplies on account from the Gadget Supply Agency. 3.
vekshin1

Answer:

I guess that you need the journal entries:

1. Acquired $25,000 from the issue of common stock.

Dr Cash 25,000

    Cr Common stock 25,000

2. Purchased $2,500 of supplies on account from the Gadget Supply Agency.

Dr Supplies 2,500

    Cr Accounts payable 2,500

3. Performed security services at local sporting events during the year for $8,000 cash.

Dr Cash 8,000

    Cr Service revenue 8,000

4. Paid salaries expense of $3,000 for the year.

Dr Salaries expense 3,000

    Cr Cash 3,000

5. Purchased land, paying $10,000 cash.

Dr Land 10,000

    Cr Cash 10,000

6. Paid utility expenses of $2,000 for the year.

Dr Utilities expense 2,000

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7. Paid a cash dividend of $1,500 to the shareholders.

Dr Dividends 1,500

    Cr Cash 1,500

8. Found out from an appraiser that the market value of the land on 12/31 was $12,500.

NO JOURNAL ENTRY

3 0
3 years ago
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