Bob Hill's Hourly Rate Is $25

question 22

Multiple Choice

Bob Hill's hourly rate is $25.00,and he worked 38 hours during the week.What is his gross pay for the week?

• A)$950
• B)$780
• C)$1,000
• D)$975

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Definitions:

Historical Cost

An accounting principle requiring assets to be recorded at their original purchase price, without adjusting for increases or decreases in value.