Gibson's Bodywork does automotive collision work. An insurance agency has determined that the standard time to replace a fender is 0.25 hours (i. e., "standard output"equals 4 fenders per hour) and is willing to pay Gibson $40 per hour for labor (parts and supplies are billed separately). Gibson pays its workers $25 per hour. Suppose Gibson's workers take 5 hours to replace a fender. a. Gibson's labor hour efficiency is nothing%. (Enter your response rounded to two decimal places.) Given Gibson's labor costs, the company ▼ will will not make money on the job. b. Gibson's labor hour efficiency has to be nothing% for Gibson to break even on the job. (Enter your response rounded to two decimal places.)

Which of the following actions is most likely to result in a decrease in the money supply? a. the required reserve ratio for banks is decreased. b. the discount rate on overnight loans is lowered. c. the federal reserve bank buys treasury bonds. d. the government sells a new batch of treasury bonds. 2b2t

1tanner invested $135,000 cash along with office equipment valued at $32,400 in the company in exchange for common stock. 2 the company prepaid $7,200 cash for 12 months’ rent for office space. (hint: debit prepaid rent for $7,200.) 3 the company made credit purchases for $16,200 in office equipment and $3,240 in office supplies. payment is due within 10 days. 6 the company completed services for a client and immediately received $2,000 cash. 9 the company completed a $10,800 project for a client, who must pay within 30 days. 13 the company paid $19,440 cash to settle the account payable created on april 3. 19 the company paid $6,000 cash for the premium on a 12-month insurance policy. (hint: debit prepaid insurance for $6,000.) 22 the company received $8,640 cash as partial payment for the work completed on april 9. 25 the company completed work for another client for $2,640 on credit. 28 the company paid $6,200 cash in dividends. 29 the company purchased $1,080 of additional office supplies on credit. 30 the company paid $700 cash for this month’s utility bill. prepare general journal entries to record these transactions. 2. post the journal entries from part 1 to the ledger accounts.

Greater concern for innovation and quality has shifted the job trend to using more broadly defined jobs. t/f