Solve. -Susan Charges $250 Plus $50 an Hour to Clean Houses

question 15

Multiple Choice

Solve.
-Susan charges $250 plus $50 an hour to clean houses. If a client's total bill were $700, how many hours did Susan spend cleaning the client's house?

• A)9 hours
• B)450 hours
• C)5 hours
• D)14 hours

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Definitions:

Depreciation Tax Shield

The reduction in income tax that results from the allowance for depreciation, which can be considered a non-cash expense that decreases taxable income.

Equivalent Annual Cost

Equivalent annual cost is a financial analysis tool used to compare the cost effectiveness of different projects or investments with differing lifespans by calculating their equivalent cost per year.

EAC

Equivalent Annual Cost, a financial analysis tool used to compare the cost effectiveness of different investments or projects over their lifecycles.

Compute

To calculate or process information using a computer or mathematical methods.