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To determine a pieceworkers regular hourly rate for one week: Question 22 options: divide the total weekly earnings from piece rates and all other sources

To determine a pieceworkers regular hourly rate for one week:

Question 22 options:

divide the total weekly earnings from piece rates and all other sources by the hours worked in the week.

divide the total weekly earnings from piece rates by the number of pieces produced.

divide the total weekly earnings from piece rates, less earnings from other sources, by the hours worked in a week.

add the total weekly earnings from piece rates and all other sources and divide by the total number of pieces produced.

do none of the above.

In vertical analysis:

Question 23 options:

financial statements are expressed only in percentages

changes in a company's operating results and financial position over time are expressed in percentages as well as dollars

net income is usually expressed as 100% and all other components of the income statement are expressed accordingly

monetary relationships between items on one period's financial statements are expressed in percentages as well as dollars

Under current GAAP, most resources of a business entity are to be valued in its financial statements at:

Question 24 options:

a value that is most relevant to the needs of users of the financial statements

historical cost

the current cost of replacing the resource

current appraisal values

Those tasks that employees must perform and which include any work of consequence performed for the employer are known as:

Question 25 options:

preliminary activities.

postliminary activities.

work activities.

principal activities.

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