Answer:
Explanation:
Income Statement
Calculations:
Service revenue = Service revenue+ Services performed but unrecorded = 7000+700 = 7700
Salaries and wages expense = Salaries and wages expense + Accrued but unpaid salaries and wages = 2200 + 500 = 2700
Supplies expenses = Supplies expenses - supplies that are still on hand = 1400 -350 = 1050
Income statement
Service revenue 7700
Expenses:
Salaries and wages expenses 2700
Supplies expenses 1050
Utilities expense 400
Insurance expense 400
Depreciation expenses 350
Total expenses 4900
Net Income (7700-4900) 2800
Answer:
Answers B,C, and D are all correct.
Explanation:
An entrepreneur is anyone who organizes and operates a business and takes on great financial risks, usually when we envision an entrepreneur we see a business tycoon sitting on top of a mountain of money, but this is not the case the majority of the time. this means the only answer that doesn't fit the entrepreneurial criteria is that they make a lot of money.
Answer:
$0.30 per direct labor-hour
Explanation:
The computation of the variable cost per direct labor is shown below:
Variable cost per direct hour = (High maintenance cost incurred - low maintenance cost incurred) ÷ (High direct labor hours - low direct labor hours)
= ($4,000 - $1,900) ÷ (9,000 hours - 2,000 hours)
= $2,100 ÷ 7,000 hours
= $0.30 per direct labor-hour
Cognitive evaluation theory would question the use of money as a motivator because external motivational tools may lower intrinsic motivation because people will start working to get the reward, NOT because they are intrinsically motivated or challenged.
