Andy just purchased a 2.5 acre vacant lot of land for $500,000. $41.32 per sq. yd price per square yard.
$500,000 ÷ 12,100 sq. yds. = $41.32 per sq. yd
What is square yard?
- The length times the width, expressed in feet, must be multiplied by 9, and the result is the square yard (SQYDS). A square yard measures 9 square feet.
- One billion is referred to as "yard" in finance. The word is derived from "milliard," which is comparable to the number one billion in American English and is used in various European languages.
- Add the area to the conversion factor to convert a square yard measurement to a square foot measurement. The square yards multiplied by nine gives the area in square feet.
- Add the length to the conversion factor to convert a yard measurement to a meter measurement. The yards times 0.9144 converts to the length in meters.
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Explanation:
The Journal entry is given below :-
Bonds payable $2,000,000
To common stock $1,000,000
To Discount on common stock $30,000
To Paid in capital $970,000
The calculation of bonds payable, common stock is below:-
For bonds payable
= 2,000 × $1,000
= $2,000,000
For common stock
= 2,000 × 50 × $10
= $1,000,000
For paid in capital
= $2,000,000 - ($1,000,000 - $30,000)
= $970,000
<u>"Money laundering" </u>is a process in which an amount of money gained from illegal activities is made to appear as if it is earned from a genuine source.
Money laundering is a criminal plan that can work likewise, yet it includes the stowing away of cash as opposed to a ball.
Money laundering is an approach to cover wrongfully acquired assets. Money laundering works by moving cash in intricate and convoluted monetary exchanges which deceive any individual who may look to follow and audit the exchanges. The goal is to make it hard to recognize the first party to the exchange, known as the launderer.
Answer:
The dividends on common stock in 2014 for Mays, Inc was:
Dividends paid=$2650
Explanation:
1. You must follow the formula below to find out the Dividends Paid by Mays inc,
Payout ratio = (dividends paid/net earnings for the period) x 100 then,
Dividends paid= (Payout Ratio/100) x net earnings for the period
Dividends paid= (25%/100)x$
1'060.000
Dividends paid=$2650
Given:
130,500 net pay to employees
19,000 income tax withholding
5,000 FICA withholding
130,500 + 19,000 + 5,000 + 5,000 = 159,500
<span>The total wages and payroll tax expense to the company for this pay period, excluding any unemployment taxes, is $159,500.
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The 5,000 is added twice because the first 5,000 is withheld from the employees salary as the employees share. The employer also has to pay off 5,000 as employer's share to the employee's FICA withholding. Thus, the presence of the 2nd 5,000.
FICA, <span> Federal Insurance Contributions Act,</span> is composed of
1) <span>6.2 % Social Security tax;
2) <span>1.45 % Medicare tax (the “regular” Medicare tax); and
3) 0.9 % of a Medicare surtax starting 2013 for employees earning over $200,000.
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