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The answer is
C. How much a currency is worth when it's exchanged with another country's currency.
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Answer:
Explanation:
1. The computation is shown below:
State unemployment = $10,000 × 4.2% = $420
Federal unemployment = $10,000 × 0.8% = $80
2. The journal entry is shown below:
Payroll tax expense A/c Dr $38,975
To Social security tax A/c $30,300 ($505,000 × 6.0%)
To Medicate tax A/c $8,175 ($545,000 × 1.5%)
To State Unemployment tax payable A/c $420
To Federal Unemployment tax payable A/c $80
(Being the payroll tax expense is recorded)
Answer
a. 200 million
b. 30 million
The answer and procedures of the exercise are attached in the image below.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
C) $1.70
Explanation:
The value of the firm after the debt would be = 250 million + (20% * 100 million) = $270 million
Value of equity = Total value of firm - Value of debt
Value of equity = $270 million - $100 million
Value of equity = $170 million
The total number of share outstanding is 100 million shares
Hence, he should offer the shares at = $170 million / 100 million shares = $1.7 per share
Answer:
Wayman Corporation
Multiple-step income statement
Sales $425,000
Less: Cost of goods sold <u>$135,000</u>
Gross Profit $290,000
Operating Expenses
Salary Expenses $45,000
Utility Expenses $55,000
Advertising Expenses <u>$35,000</u>
Total Operating Expenses <u>($135,000)</u>
Net Operating Income $155,000
Other Income and Expenses
Interest expense <u>$25,000</u>
Net Income before Tax $130,000
Income tax expense <u>$55,000
</u>
Net Income <u>$75,000</u>
