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2 years ago

A piece rate worker is paid

Business

1 answer:

OleMash [197]2 years ago

7 0

Answer:

nothin

Explanation:

They don't work hard enough

oh no

our table

it's broken!!!!!!

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A country has constant opportunity cost of production. If they devote all of their resources to the production of blankets they

Zigmanuir [339]

Answer: 2.75 blankets.

Explanation:

The opportunity cost is the value of a good that is sacrificed by choosing some other alternative. So, there are certain costs associated with the consumption of some goods.

In our case,

Opportunity cost of producing 1 shirt = $\frac{810}{294}$

= 2.75 blankets

Opportunity cost of producing 1 shirt is 2.75 blankets which means that 2.75 blankets have to be foregone to produce 1 shirt.

7 0

3 years ago

The following does not describe the matching principle

Marizza181 [45]

Answer: The correct answer is c. Expenses are reported on the income statement when cash is paid.

Explanation: Matching principle states that expenses are matched with the related revenue in the same period, that is, expenses incurred to generate related revenue are recorded during the same time interval the related revenue is recorded in order to show the true and fair position of the profitability of the company.

Based on the above definition, only option C does not align with the matching principle because expenses should be recorded in the income statement when incurred and NOT when cash is paid. If it is recorded when cash is paid, it means cash basis of accounting is being applied.

8 0

3 years ago

g rporation's budgeted sales for February are $334,000. Webster pays sales representatives a commission of 6% of sales dollars.

UNO [17]

Answer:

$28,240

Explanation:

Total sales = $334,000

Variable cost:

Sales commissions = $334,000 × 6%

= $20,040

Total fixed costs = Sales manager's salary + Advertising expenses

= $5,300 + $2,900

= $8,200

Total selling expenses = Total variable cost + Total fixed cost

= $20,040 + $8,200

= $28,240

Therefore, the total selling expenses to be reported on the selling expense budget for the month of February is $28,240.

5 0

3 years ago

An employee earns $24 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume that the employee wo

ANTONII [103]

Answer:

Gross pay for the week is $1,500

Net pay for the week is $1,043

Explanation:

The gross pay is computed thus:

Normal rate pay 40 hrs*$24 =$960

Above normal pay(55-40)*$24*1.5 =$540

Gross pay $1,500

Deductions:

Social security(6.0%*$1,500) ($90)

Medicare(1.5%*$1,500) ($22.5)

Federal income tax ($345)

Net pay for the week $1,043

The net pay for the week is gross pay less social security tax,medicare as well as the federal income tax,$1043 is the employee net pay for the week

4 0

3 years ago

If Dennis can pay a police officer off so that he does not get a speeding ticket, he is most likely in what type of culture?

Ghella [55]

What are the answer choices

3 0

3 years ago

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