Answer: Account A
Explanation:
Account A would be best for James as it provides the most value for the things he would like to do.
- ATM charges are free with this account so he can use the ATM four times in the month at no charge
- He would pay no monthly fees as he uses direct debit
- He would pay an annual fee of $0
- And as online payments are free, he would not have to worry about getting charged for the 8 bills to process in the month.
Answer:
$387.40
Explanation:
FICA Taxes ($2,600 x 7.65%) $198.90
State Unemployment Taxes $162.50
Federal Unemployment Tax $26.00
Employer's payroll tax expense for the week $387.40
Social Security and Medicare are combined called as FICA taxes and employer made the same contribution as of employee.
State and Federal Unemployment Tax is solely for employer only.
The rest are employee related taxes.
Option a - $ 1000000 in one instalment
Option b - $100000 to be paid annually during 15 years, starting with one instalment at the year 2000
Interest rate = 10%
Which option would a savvy financial investor prefer
PV of Option a = 1000000 * 1 = $ 1000000
PV of option b = 100000 * PVIFA(10%,15)
PV of option b = 100000 * 7.6060795 = $ 760608
The PV of option a is higher, hence prefer the option a
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Answer:
-$153.6 Unfavorable
Explanation:
As per the given question the solution of direct labor cost variance for August is provided below:-
Direct labor cost variance for August = (Standard rate - Actual rate) × Actual hour
= ($13 per hour - $13.80 per hour) × 192 hours
= -$0.8 × 192 hours
= -$153.6 Unfavorable
Here, the actual rate is higher than standard rate so the amount will come into unfavorable and to reach out the direct labor cost variance for august we put the value into formula.