« previous next »

Author Question: Your shop charges 50.00 per flat rate hour, The shop takes in a 4-hour job that takes the technician ... (Read 91 times)

Awilson837

  • Hero Member
  • *****
  • Posts: 509
on: Jun 23, 2018
Your shop charges 50.00 per flat rate hour, The shop takes in a 4-hour job that takes the technician 3 hours to complete. The technician is paid 12.50 per flat rate hour. What is the gross profit of this transaction?
 
  A) 162.50 B) 37.50 C) 112.50 D) 150.00

Question 2

Net profit would be calculated in which way?
 
  A) Income minus all variable expenses B) Gross profit minus overhead expenses
  C) Gross profit plus the indirect cost D) None of the above


sokh

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 23, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Petrissage with a flat hand. Apply compression across the abdomen in a wavelike motion. Push in ... Petrissage with a flat hand. Apply compression across the abdomen in a wavelike motion. Push in ...
Schematic drawing of a permeation test cell used to measure the permeation rate of chemicals through ... Schematic drawing of a permeation test cell used to measure the permeation rate of chemicals through ...
Relationship between Income Inequality and the Desired Tax Rate Relationship between Income Inequality and the Desired Tax Rate
Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ... Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ...
A diver shines light up to the surface of a flat glass-bottomed boat at an angle of 30 relative ... A diver shines light up to the surface of a flat glass-bottomed boat at an angle of 30 relative ...
Sonja is paid $42.50 per hour as a veterinarian. She is paid 1 times the regular rate for all ... Sonja is paid $42.50 per hour as a veterinarian. She is paid 1 times the regular rate for all ...
Video: Stroke volume

For a complete list of videos, visit our video library