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1 year ago

noncash items, nonoperating items, and changes in current assets and liabilities are necessary adjustments to

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5 0

Noncash items, nonoperating items, and changes in current assets and liabilities are necessary adjustments to net income

In accounting, noncash objects are monetary gadgets which include depreciation and amortization which can be protected inside the enterprise' internet profits, but which do now not have an effect on the coins go with the flow.

Those non-coins sports may additionally include depreciation and amortization, in addition to obsolescence. Property, plant and gadget resides on the balance sheet. Those items are taken at the earnings assertion in small increments called depreciation or amortization.

They ought to be incorporated within the assertion of coins flows in a phase classified, "Significant Noncash Transactions."

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Juanita has a part-time job that pays 12 hour and works about 50 hours every month her withholding are social security 6.2 %medi

ozzi

Answer:$500

Explanation:

It is mandatory to deduct the social security, medicare and federal income taxes from the individuals paycheck. At first the federal income tax has to be deducted from the income. Secondly the social security has to be deducted, thirdly the state taxes have to be deducted and finally the medicare will be deducted.

Calculation of Net pay

Salary of Juanita = $12 per hr x 50hrs

=$600

Federal income tax 600 x 10%

=$60

Social security 540 x 6.2%

=$33.48

Medicare= 506.52 x 1.45%

=$7.34

So the net pay= Gross pay- deductions

=600-60-33.48-7.34

=499.17

Which is approximately $500 is the net pay.

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4 years ago

In one of the case studies in the textbook, Jerry Harkanell worked as an administrative assistant for a large San Antonio hospit

MA_775_DIABLO [31]

Answer:

e of the case studies in the textbook, Jerry Harkanell worked as an administrative

continued to alter his timesheets until he was finally caught. How was his scheme detected

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4 years ago

" stan loves collecting stamps. he receives an email that appears to come from a well-known stamp auction site asking him to res

Anna35 [415]

This scenario is an example of attempted "phishing"

Your answer is phishing

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3 years ago

Cherokee Inc. is a merchandiser that provided the following information: Number of units sold 14,000 Selling price per unit $ 16

DanielleElmas [232]

Answer:

Results are below.

Explanation:

First, we need to calculate the cost of goods sold:

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

COGS= 12,000 + 87,000 - 23,000

COGS= $76,000

Traditional format income statement:

Sales= 14,000*16= 224,000

COGS= (76,000)

Gross profit= 148,000

Total selling expense= (20,000 + 14,000*1)= (34,000)

Total administrative expense= (13,000 + 14,000*1)= (27,000)

Net operating income= 87,000

Contribution format income statement:

Sales= 14,000*16= 224,000

Total variable cost= (76,000 + 14,000 + 14,000)= (104,000)

Contribution margin= 120,000

Total fixed selling expense= (20,000)

Total fixed administrative expense= (13,000)

Net operating income= 87,000

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3 years ago

Consider the following account starting balances and journal transactions involving these accounts. Use T-accounts to record the

julsineya [31]

Answer:

Final Accounts Receivable $ 3191

Explanation:

Opening Accounts Receivable $3,200

Received Cash Payment $ 9

Ending Accounts Receivable $3200- $ 9= $ 3191

Opening Cash $12,100

Received customer payment $ 9

Bought manufacturing supplies $ 17

Sold inventory at cost $ 25

Ending Cash Balance = $2100 + 9-17 + 25= $ 2117

<h2>Accounts Receivable </h2><h3>Debit Credit</h3>

Opening $3,200

Cash Received 9

Ending $ 3191

$3200 $3200

The only receipt is of $ 9 which is deducted from the opening accounts receivable to get the final account receivable.

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4 years ago