Answer:
Following are the journal entries recorded for the payroll of current time period;
Debt: Salary Expense = $50,000
Credit: Tax Payable by Medicare = $750
Credit: Deduction Payable For Employee Saving = $2,550
Credit: Income Tax payable for Federal Employees = $9,000
Credit: Tax payable for Social Security = $3,000
Credit: Salaries payable to Employees = $34,700
Answer:
To maximize her profit, Jennifer should abandon the product.
Explanation:
To maximize the profit Jennifer should keep marginal benefit as higher as she can, this could happen keeping marginal revenue higher and marginal cost lower as much as she can.
In this case marginal cost is higher than the marginal revenue, which is resulting as a marginal loss. Each extra batch being sold will add a loss of $10 ($110-$120).
Jennifer should abandon the product because it will reduce the average marginal benefit or total profit gradually.
Project management is important because it ensures proper expectations are set around what can be delivered, by when, and for how much. ... Effective project managers should be able to negotiate reasonable and achievable deadlines and milestones across stakeholders, teams, and management.
Answer:
$67.2
Explanation:
With regards to the above,
Total unit cost = $15 + $9 + $6 + $8 + $4 + $6 = $48
Target selling price = Total unit cost × (1 + mark up)
Since markup percentage is 40% or 0.40
Therefore,
Target selling price = $48 × (1 + 0.4)
= $48 × 1.4
= $67.2
Therefore the target selling price is $67.2
Answer:
$304,500
Explanation:
Interest payable on December 31, year 1 = $290,000 * 5%
Interest payable on December 31, year 1 = $14,500
Total amount of liabilities to be reported on the Balance Sheet, year 1:
= $290,000 + $14,500
= $304,500
So, the total amount of liabilities related to these bonds that will be reported on the balance sheet at December 31, Year 1 is $304,500.
