Answer:
Wage Replacement Ratio = $53,000 / $100,000 = 53%
Explanation:
Total Mortgages = $1,500 x 12 = $18,000
Dollar Value Percentage
Salary $100,000 100%
Less: Self-Employment Taxes (11,000) (11%)
Less: Savings (18,000) (18%)
Less: Mortgage Payments (18,000) (18%)
$ 53,000 53%
Wage Replacement Ratio = $53,000 / $100,000 = 53%
Purchased shares = 680 shares * $11.00 ($7,480)
Year-end shares worth = 680 shares * $2.20 ($1,496)
Loss of shares = $7,480 - $1,496 ($5,984)
OR
Loss in shares price= $11.00 - $2.20 ($8.80)
Loss of shares = 680 shares * $8.80 ($5,984)
Barney can deduct $5,984 as the amount of loss of this year.
Answer and Explanation:
The computation is shown below:
a. Total sales is
= 550 clients × $150
= $82,500
Variable costs is
= 60% of sales
= 60% × $82,500
= $49,500
Now
Contribution margin is
= total sales - variable costs
= $82,500 - $49,500
= $33,000
and, Contribution margin per unit is
= contribution margin ÷ total units
= $33,000 ÷ 550
= $60
And,
Contribution margin ratio is
= contribution margin ÷ total sales
= $33,000 ÷ $82,500
= 40%
Answer:
Net operating income $15,000
Explanation:
Flagger Company
Income statement for the year ended , 31 December
Fee earned
165,000
Less : Operating expenses
Salaries and wages 40,000
Rent expense. 51,000
(91,000)
Gross profit.
74,000
Less: Selling expense.
(44,000)
Profit before interest and tax.
30,000
Less interest expense.
(18,000)
12,000
Add: Interest income.
3,000
Net operating income.
15,000
The correct answer is A. Debit cards withdraw money directly from your account.
Explanations:
B. Debit cards offer less fraud protection than a credit card; the money has already left your hands whereas with credit cards it doesn't until the end of the month.
C. Debit cards do in fact require signatures. Yeah.
D. Debit cards charge much lower rates (if any, depending on the bank) because you are paying up front versus waiting until the end of the month when you will likely be charged interest and/or fees.
Hope I helped!
