Answer:
$23.85 per hours
Explanation:
The labor wage per hour can be calculate by simply dividing minimum monthly income by the least number of total hours that a labor must work. The resultant amount will be hourly wage of an employee.
Mathematically,
Hourly Wage = Minimum Monthly Income / Total Hours Worked
Here
Minimum Monthly Income is $4,089
Total Hours Worked = 40 Hrs per week * 30 days / 7 days
Total Hours Worked = 171.43 Hours
By putting the values, we have:
Hourly Wage = $4,089 / 171.43 Hrs = $23.85 per hours
Answer:
Cash Debit $ 220
Subscriptions received in advance Credit $ 220
Explanation:
The most appropriate journal entry would be by debiting cash with $ 220 since cash has been received.
The credit account would be Subscriptions received in advance since the magazines have to be delivered in 2018 and the revenue has not been earned at the time of collections. This would be classified in the balance sheet under current liabilities.
Answer:
$1.804 ; $1.7856
Explanation:
The computation is shown below:
The formula is presented below:
= Initial forecast + a × (Actual demand of last month - initial forecast of last month)
For November, it would be
=$1.83 + 0.1 × ($1.57 - $1.83)
= $1.83 - 0.026
= $1.804
For December, it would be
=$1.804+ 0.1 × ($1.62 - $1.804)
= $1.804 - 0.0184
= $1.7856
