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jarptica [38.1K]
3 years ago
11

Which employee labor rate is typically used to produce a project budget?Select an answer:A. salariesB. billable ratesC. burdened

ratesD. salaries plus bonus
Business
1 answer:
natulia [17]3 years ago
6 0

Answer:

The correct answer is letter "A": salaries.

Explanation:

Estimating project costs of businesses allows measuring the profits and costs the organization might have during operations. That budget must include direct costs such as <em>employees' salaries</em>, materials such as supplies and equipment, and indirect costs like administrative expenditures.

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Amex Corporation invests excess cash to purchase $25,000 in corporate bonds on March 30, 2018. In addition to the $25,000, Amex
damaskus [11]

Answer:

b. a debit to Held-to-Maturity Debt Investments for $26,000

Explanation:

Investment in corporate bonds is considered as Held-to-Maturity Debt investments.

Date           Accounts Title and Explanation                Debit       Credit

30 Mar 18   Held-to-Maturity Debt investments          $26,000

                   [$25,000 + $1,000)

                           Cash                                                                     $26,000

                  (To record an investment in bonds)

Therefore, in the journal entry, it is debited to Held-to-Maturity Debt investments for $26,000

7 0
3 years ago
Entry for Factory Labor Costs A summary of the time tickets is as follows: Job No. Amount 100 $3,460 101 2,870 104 5,260 108 5,9
trapecia [35]

Answer:

DR Work in Progress Account $39,650

DR Factory Overhead Account $18,440

CR Wages Payable $58,090

(To record factory Labor Costs)

Workings

Work in Progress

Standard policy is to send the direct cost of Labor to the Work in Progress Account.

The Total direct cost of labor are all of the above except the Indirect cost.

= 3,460 + 2,870 + 5,260 + 5,950 + 3,630 + 2,380 + 16,120

= $39,650

8 0
3 years ago
On June 30, Nance Company receives a $5,000, 90-day, 4% note from a customer as payment on her account. How much interest will b
DedPeter [7]

Answer:

50$

Explanation:

5000 x 4% x 90/360 = 50$

5 0
2 years ago
Oaktree Company purchased new equipment and made the following expenditures:
I am Lyosha [343]

Answer:

The Journal entries are as follows:

(1)

Equipment A/c       Dr. $71,890

To cash                                           $3,790

To accounts payable                     $68,100

(To record the purchase of equipment)

Workings:

Equipment value:

= Purchase price + Sales tax + Freight charges for shipment of equipment + Installation of equipment

= 64,000 +4,100 + 890 + 2,900

= $71,890

Cash Paid:

= Freight charges for shipment of equipment + Installation of equipment

= 890 + 2,900

= $3,790

Accounts payable = Purchase price + Sales tax

                               = 64,000 +4,100

                               = $68,100

(2)

Prepaid Insurance A/c    Dr. $1,090

To cash A/c                                             $1,090

(To record any expenditures not capitalized in the purchase of equipment)

7 0
3 years ago
Punitive damages: a. are a small amount of compensation given to the plaintiff. b. are like actual damages but do not seek to de
lukranit [14]

Answer:

The correct answer is letter "D": are damages in excess of the plaintiff's injuries, awarded to punish the defendant.

Explanation:

Punitive Damages are penalties passed to the defendant of court cases on top of compensations they must pay to plaintiffs because of the faults they committed. The punitive damage is not provided to the plaintiffs but is imposed to punish defendants when their faults are negligent and should not be repeated.  

Thus, <em>punish damages are imposed in an attempt to avoid other individuals to commit the same gross faults.</em>

6 0
3 years ago
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