Consider a Programmer Who Is Required to Complete Four Work

question 42

Multiple Choice

Consider a programmer who is required to complete four work assignments.Each assignment takes 50 hours to complete.Assume an overhead rate of $1.50 and the cost per hour for the programmer's services to be $35/hour.The direct billing charge will be ______.

• A)$10,000
• B)$12,000
• C)$10,500
• D)$11,500

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Definitions:

Current Ratio

A financial ratio indicating how well a company can settle short-term debts with its available assets.

Total Assets

The total of all properties a company owns, encompassing both short-term and long-term assets.

Liquidity

The ability of an asset to be converted into cash quickly without significantly affecting its price.

Solvency

The ability of a company to meet its long-term financial commitments and continue its operations.