FREE Trial

A firm received a bill from its accountant for $3310, representing a combined total of 41 billable hours for both

Question:

A firm received a bill from its accountant for $3310, representing a combined total of 41 “billable” hours for both the Certified General Accountant (CGA) and her accounting technician, for conducting the firm’s audit. If the CGA charges her time at $120 per hour and the technician’s time at $50 per hour, how many hours did each work on the audit?

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!

Step by Step Answer:

Answer rating: 85% (7 reviews)

Step 2 Total bill 3310 Total hours 41 Hourly rate 120 for CGA 5…View the full answer


answer-question
Answered By
tutor-profile-image
Charles Okinda
students should give all the instructions concerning the challenge that they face. they will get an immediate response because I am always online.
4.90+ 746+ Reviews 1453+ Question Solved
Related Book For  answer-question
Business Mathematics In Canada

Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

See More Books
View Solution
Create a free account to access the answer
Cannot find your solution?
Post a FREE question now and get an answer within minutes. * Average response time.
Question Posted: January 20, 2016 06:40:08
See More Questions

Students also viewed these Accounting questions

Q:
The accountant for the firm owned by Conner McAllister prepares financial statements at the end of each month. INSTRUCTIONS Use the figures in the T accounts for Problem 3.4B to prepare a trial...
A:
Cash Accounts Receivable Office Furniture a 140 000 b 7 800 f 11 280 h 5 400 g 6 500 d 10 500 c 38 500 n 6 500 p 4 200 h 5 400 e 1850 Bal 6 500 m 7 45......
Q:
Brewer, a public accountant, had been the partner in charge of the audit of Merkle Manufacturing Company, a nonpublic company, for 13 years. Merkle had had remarkable growth and profits in the past...
A:
a The major deficiencies in the audit and the reasons for their occurrence are The change in the accounting system to computerize the inventory a chan......
Q:
Graeme Brown, chartered accountant, has been the partner in charge of the audit of Merkle Manufacturing Ltd, a client listed on the Australian Stock Exchange, for 13 years. Merkle has had excellent...
A:
a The major deficiencies in the audit and the reasons for their occurrence are 1 There is a potential familiarity threat under APES110 as the auditor has been involved in the implementation of the new......
Q:
Mrs. Ridhima had a factory situated in Delhi which he transferred to Uttar Pradesh and closed all operations in Delhi. Whether it will constitute a slump sale and whether it is liable to tax under...
A:
The detailed answer for the above question is provided below Section 7 of the Central Goods and Serv......
Q:
You purchase a building for $900,000, collect annual rent (after expenses) of $120,000 and sell the building for $1,000,000 after three years. What is the annual return on this investment?
A:
900 000 120 000 PVAIF 3N I 1 000 000 PV......
Q:
Sunshine Interiors deposits all cash receipts each Wednesday and Friday in a night depository, after banking hours. The data required to reconcile the bank statement as of July 31 have been taken...
A:
1 SUNSHINE INTERIORS Bank Reconciliation July 31 20 Cash balance according to bank statement 11 601......
Q:
When possible, compute the truth values of the simple components in the following compound propositions. If no truth value can be computed, write a question mark (?) under the letter or letters with...
A:
In the compound proposition K B T it appears that we have three......
Q:
The numbered items that follow are concepts that underlie value-based systems, such as ABM and lean operations. Match each concept to the related lettered element(s) of a lean operating environment....
A:
1 Business processes are simplified matches with Qu......
Q:
The Wagner Act of 1935 was one of the most important pieces of labor legislation in this country's history. Provide some background on Robert Wagner and how this bill came to Congress. What did it...
A:
The Wagner Act officially known as the National Labor Relations Act NLRA of 1935 is indeed one of the most significant pieces of labor legislation in......
Q:
If electron-positron annihilation into fermion-antifermion pairs were only mediated by a virtual photon... more than one answer possible 1. the cross-section would be proportional to the square of...
A:
Click to View...
Q:
Quality Grocer makes its own bulk trail mix by mixing raisins and peanuts. The wholesale cost of raisins is $3.75 per kg and the cost of peanuts is $2.89 per kg. To the nearest 0.1 kg, what amounts...
A:
Step 2 Raisins cost 3 75 per kg peanuts cost 2 89 per kg Cost per kg of ingredie......
Q:
Joan, Stella, and Sue have agreed to form a partnership. For the original capital investment of $32,760, Sue agrees to contribute 20% more than Joan, and Joan agrees to contribute 20% more than...
A:
Step 2 Total investment 32 760 Sue s investment 1 2 Joan s investment Joans investment......
Q:
The ceiling of a tract house is constructed of wooden studs with fiberglass insulation between them. On the interior of the ceiling is plaster and on the exterior is a thin layer of sheet metal. A...
A:
The thermal circuit for the ceiling with studs is shown below where R p thermal resistance......
Q:
It takes a baker earning $9/hour 1 hour to make 100 chocolate chip cookies. The recipe costs $9.25 and uses $1.50 in energy costs. The purchaser can order premade cookie dough at a cost of $29.50;...
A:
To calculate the cost per cookie for both the scratch version and the premade version we need to con......
Q:
Assume that you are comparing the price-to-book ratios of the 13 largest banks in the United States in 2000. The following table summarizes the price-to book ratios and the returns on equity earned...
A:
a Given that SunTrust Banks has a lower price to book ratio 1 91 compared to the a......
Q:
Quahog purchased 15% of Clam on January 1, 2021 for $340,000 in cash and did not have the ability to exercise significant influence. The price was 15% of Clams book value. During 2021, Clam reported...
A:
a Journalize all necessary entries on the books of Quahog using the fair value method in 2021 includ......
Q:
How much do you need in 5 years to have the same purchasing power as having $10,000 today? The market interest rate is 10% and inflation is expected to be 6.5%.
A:
To determine how much money you need in the future to have the same purchasing power as ha......
Q:
Pizza Warehouse budgeted to sell 600 large pizzas for $20 each in October. It actually sold 620 pizzas at an average of $19 each. Calculate the following figures. Required Part II a) Static budget...
A:
a Static Budget Revenue The static budget revenue is based on the original budgeted selling price per pizza and the budgeted number of pizzas Static B......
Q:
Find the slope of each line, provided that it has a slope. Through (5, 6) and 5, -2)
A:
Through......
Q:
Prove that the mean heat capacities C P H and C P S are inherently positive, whether T > T 0 or T < T 0 . Explain why they are well defined for T = T 0 .
A:
The mean heat capacities CP H and CP S are inherently positive because they are def......
Q:
In 2013 the number of workers in the forest industry was forecast to decline by 3% per year, reaching 205,000 in 2023. How many were employed in the industry in 2013?
A:
Let number of people employed in 2013 be P Rate of decline 3 T......
Q:
For a 15-year investment, would an investor prefer a rate of return of 3.27% compounded quarterly or 3.3% compounded semiannually? Show calculations to support your answer.
A:
At 3 27 compounded quarterly i 3 27 4 0 8175 n 4 15 60 For an initi......
Q:
A college has targeted an enrollment increase of 8% per year. If the college has 18,000 full-time students today, what is the enrollment estimate in six years from now? Round your answer to the...
A:
Today s enrollment of 18 000 will undergo 8 annu......
Principles Of Tensor Calculus Tensor Calculus 1st Edition - ISBN: 1974401391 - Free Book