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GarryVolchara [31]
3 years ago
9

Lightning Electronics is a midsize manufacturer of lithium batteries. The company’s payroll records for the November 1–14 pay pe

riod show that employees earned wages totaling $66,000 but that employee income taxes totaling $8,600 and FICA taxes totaling $3,425 were withheld from this amount. The net pay was directly deposited into the employees’ bank accounts. 1. What was the amount of net pay? 2. Assuming Lightning Electronics must also pay $410 of unemployment taxes for this pay period, what amount would be reported as the total payroll costs?
Business
1 answer:
Eddi Din [679]3 years ago
3 0

Answer:

1. Net pay = $53,975

2. Total payroll costs = $66,000

Explanation:

1. What was the amount of net pay?

Net pays = Total wages - Total income taxes - Total Federal Insurance Contributions Act (FICA) taxes = $66,000 - $8,600 - $3,425 = $53,975

2. Assuming Lightning Electronics must also pay $410 of unemployment taxes for this pay period, what amount would be reported as the total payroll costs?

Total payroll costs = Total wages paid to employees = $66,000

Note that $410 is not part of the amount that relates to the employee payment but just a tax required by the government for the unemployed.

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Answer: Demand is Unit - Elastic over this price range.

Explanation:

When total revenue remains the same over various price level then the demand curve is unitary elastic.

Unit-Elastic demand - It depicts a demand curve which is perfectly responsiveness to changes in cost. That is, the amount of demand changes as indicated by a similar percentage changes in prices.

A demand curve with an elasticity of 1 is called as unitary elasticity of demand.

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3 years ago
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The term "management" refers to the process of getting things done, effectively and efficiently, through and with other people.
galben [10]

Answer:

Management implies a conception and practice regarding power, administration and ways of building consensus and hegemony within an organization or institution. Management is the way to carry out the articulation between the perspectives, through the organizational modes that serve the same and that are consistent with the fines and objectives of the institution.

Explanation:

According to this, the management action crosses the entire institution, in its relationships, in internal coordination, in the ways of establishing work ties, working communities, in the set of options that are adopted when interacting with other institutions It is not just driving or direction. It is the coordination of work processes within the framework of an organization, where roles and tasks are given, which in principle can be articulated generating levels of management.

6 0
3 years ago
Which of the following represents the correct formula for calculating cost of goods manufactured?
denis23 [38]

Answer:

B) Direct materials used + direct labor + factory overhead + beginning work in process - ending work in process.

Explanation:

The formula to compute the  cost of goods manufactured is shown below:

= Direct material used + Direct labor + Manufacturing Overhead

where,

Manufacturing Overhead equal to

= Factory overhead + Beginning work-in-process - Ending work-in-process

Or we can say that

Direct material used + direct labor + factory overhead + beginning work in process - ending work in process

6 0
3 years ago
A proposed nuclear power plant will cost $2.2 billion to build and then will produce cash flows of $300 million a year for 15 ye
pochemuha

Answer:

Project NPV at 5% discount rate = $1346 .78

Project NPV at 18% discount rate = -597.4

Explanation:

Below is the given values:

Initial cost = $2.2 billion

Yearly cash inflow, A = $300 million

Time = 15 years

Salvage value, S = $900

Project NPV at 5% discount rate = A (P/A, 5%, 15) + S (P/F, 5%, 15) - Initial cost

Project NPV at 5% discount rate = 300 (P/A, 5%, 15) + 900 (P/F, 5%, 15) - $2.2 billion

Project NPV at 5% discount rate = 300 (10.3796) + 900 (0.4810) - $2.2 billion or 2200 million

Project NPV at 5% discount rate = $1346 .78

Now,

Project NPV at 18% discount rate = 300 (5.0915) + 900 (0.0835) - $2.2 billion or 2200 million

Project NPV at 18% discount rate = -597.4

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3 years ago
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Answer:

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7.Equal monthly production used to smooth out production schedules and employ manpower and equipment more efficiently.

Explanation:

8 0
3 years ago
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