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gulaghasi [49]
3 years ago
11

Assume you are participating in your employer's direct deposit program. On payday, the employer deposits your ________ into you

bank account.
Business
2 answers:
Bogdan [553]3 years ago
8 0
Revised and detailed edition.

A direct deposit program is a program that allows for the automatic deposit of your net earnings into the bank of your choice, so with this in mind one may deduce that your paycheck was deposited into your account. nowhere in this phrasing was it stated that you are the boss/owner so you are not depositing the net earnings (which is the total value of a business's income minus cost of goods, expenses, and taxes for an accounting period.) and the purpose of a direct deposit is essentially to cut out handing you a paycheck and having you go down to your bank and cashing/depositing it into your account. once again this leads me to believe the answer is PAYCHECK. If my reasoning is off, or not detailed enough please leave a comment and to the best of my abilities i will converse and elaborate with you in more lucid terms and further detail.
sp2606 [1]3 years ago
4 0
On payday, the employer deposit your NET PAY into your account.
The direct deposit program is a program which allow the employers to pay their employees salaries directly into their account on the pay day of every month. Employers usually liaised with banks to carry out this program. So, on every pay day, money is directly deposited into the employees bank accounts and they can cash it wherever they are.
Net pay refers to salary minus necessary deductions.
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Answer:

The correct option is B.

Explanation:

The Americans with Disabilities Act (ADA) was passed in 1990, and it was passed with the intention of putting an end to discrimination based on a disability.

From the scenario given above, the Americans with Disabilities Act (ADA) covers the employee. Therefore, the employee must not be discriminated against in relation to a vacant position in the company, provided he/she is qualified.

We can see from the options provided, that options A, C, and D possess some form of discrimination, and only option B has no form of discrimination, rather it considers that the employee can apply for an open position as long as he/she is qualified.

6 0
3 years ago
Owen expects to receive $ 25,000 at the end of next year from a trust fund. If a bank loans money at an interest rate of 7.1 %​,
Rzqust [24]

Answer: He could borrow from one of the following options:

(a) $18,605

(b) $11,428

(d) $20,000

Explanation:

If Owen borrows $18,605

Bank interest rate = 7.1% of $18,605

=7.1/100 ×$18,605

=$1, 320.955

Owen's debt at his bank=

$18,605+$1,320.9555 =

$19,925.955

When Owen receives the trust fund of $25,000, he can pay his debt and still has $5,074.045 with him.

If Owen borrows $11,428

Bank interest rate = 7.1% × $11,428

=$811. 388

Owen's debt at his bank=

$811.388+$11,428 =

$12,239.388

When Owen receives the trust fund of $25,000, he can pay his debt and still has $12,760.612 left with him.

If Owen borrows $20,000

Bank interest rate =7.1% of $20,000

=7.1/100 ×$20,000

=$1, 420

Owen's debt at his bank=

$20,000 + $1,420 = $21,420

When Owen receives the trust fund of $25,000, he can pay his debt at his bank and still has $3,580 left with him.

4 0
3 years ago
Assume the indirect method is used to compute net cash flows from operating activities. For this item extracted from the financi
Arte-miy333 [17]

Answer:

Explanation: Subtract from net income to arrive at net cash flows from operating activities.

3 0
3 years ago
Smiley Industrial Goods has $1,000 face value bonds on the market with semiannual interest payments, 13.5 years to maturity, and
Snezhnost [94]

Answer:

Annual Coupon rate =  66.56990711 / 1000 = 0.06656990711 or 6.656990711% rounded off to 6.66%

Option B is the correct answer

Explanation:

To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is a semi annual bond, the coupon payment, number of periods and semi annual YTM will be,

Coupon Payment (C) = C

Total periods (n) = 13.5 * 2 = 27

r or YTM = 0.064 * 6/12 = 0.032 or 3.2%

The formula to calculate the price of the bonds today is attached.

We will first calculate the value of semi coupon payment  made by the bond.

1023 = C * [( 1 - (1+0.032)^-27) / 0.032]  + 1000 / (1+0.032)^27

1023 = C * 17.8994796  +  427.2166529

1023 -  427.2166529  =  C * 17.8994796

595.7833471 / 17.8994796  =  C

C = 33.28495355 rounded off to 33.28

The annual coupon payment will be = 33.28495355 * 2 = 66.56990711 rounded off to 66.57

Annual Coupon rate =  66.56990711 / 1000 = 0.06656990711 or 6.656990711% rounded off to 6.66%

4 0
3 years ago
MILLS ALLOCATES MANUFACTURING OVERHEAD TO PRODUCTION BASED ON STANDARD DIRECT LABOR HOURS. MILLS REPORTED THE FOLLOWING ACTUAL R
tekilochka [14]

Answer:

1. Compute the variable overhead cost and efficiency variances and fixed overhead cost and volume variances.

  • variable overhead cost variance = $1,000 unfavorable
  • variable efficiency variance = -$1,200 favorable
  • fixed overhead costs = $1,500 unfavorable
  • fixed overhead volume variance = -$100 favorable

2. EXPLAIN (as best you can) why the variances are favorable or unfavorable. Based on cost and efficiency budget standards.

  • variable overhead cost variance is unfavorable because actual variable overhead costs per unit are higher than budgeted.
  • variable efficiency variance is favorable because the company used less direct labor hours than budgeted to produce a higher amount of units (1,600 vs. 2,000).
  • fixed overhead costs are unfavorable because total fixed overhead costs were much higher than budgeted, but most of this variance can be explained by higher output.
  • fixed overhead volume variance are favorable because a higher volume was produced using less hours than budgeted.

Explanation:

Static budget variable overhead $1,200

Actual variable overhead $4,000

Static budget fixed overhead $1,600

Actual fixed overhead $3,100

Static budget direct labor hours 800 hours

Actual direct labor hours 1,600

Static budget number of units 400 units

Actual units produced 1,000

Standard direct labor hours 2 hours per unit

Actual direct labor hours 1.6 per unit

standard variable rate = $1,200 / 400 units = $3 per unit

actual variable rate = $4,000 / 1,000 units = $4 per unit

standard fixed rate = $1,600 / 800 hours = $2 per hour

actual fixed rate = $3,100 / 1,600 hours = $1.9375 per hour

variable overhead cost variance = actual costs - (standard rate x actual units) = $4,000 - ($3 x 1,000) = $1,000 unfavorable

variable efficiency variance = (actual hours x standard rate) - (standard hours x standard rate) = (1,600 × $3) − (2,000 x $3) = $4,800 - $6,000 = -$1,200 favorable

fixed overhead costs = actual overhead costs - budgeted overhead costs = $3,100 - $1,600 = $1,500 unfavorable

fixed overhead volume variance = (actual fixed rate x actual hours) - (standard rate x actual hours) = ($1.9375 x 1,600) - ($ x 1,600) = $3,100 - $3,200 = -$100 favorable

5 0
4 years ago
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