Answer:
Total salary expense in week 1 = $440 x 150 = $66,000
Total deductions due to taxes = $121.66 x 150 = $18,249
Actual direct deposit of payroll in week is $66,000 minus $18,249 = $47,751
Explanation:
Number of employees = 150
Hourly wage = $11
Weekly hours worked = 40 hours
Weekly wage = 40 x 11 = $440 per employee
Taxes deduction:
Federal - 15% of gross earnings = $66
State - 5% of gross earnings = $22
FICA - 7.65% of first #128,400 = $33.66
Total deductions = $121.66
Net Earnings = $318.34
Answer:
b. $588
Explanation:
Terms 2/10, n/30 means that 2% discount for the payment within 10 days and the full amount to be paid within 30 days.
When Larson Company sold merchandise, the following entry was made to recording revenue (sales) and the receivable:
Debit Receivable Account $1,000
Credit Revenue $1,000
On July 20 Stuart Co. returns merchandise, the entry is made to record the decreasing of Receivable Account:
Debit Revenue $400
Credit Receivable Account $400
The balance Receivable Account of Stuart Co. = $1000-$400 = $600
On July 24, Stuart Co. makes the payment, the sales discount was:
$600 x 2% = $12
The amount of cash received = $600-$12=$588
The following entry is made:
Debit Cash: $588
Debit Sales discount: $12
Credit Receivable Account $600
Answer:
The answer is: A) When the marginal cost of producing an additional unit equals the marginal revenue from that unit.
Explanation:
In economics, we assume that a company´s main goal is to maximize its profit. In order for any company do to this, the marginal cost (MC) of producing an extra unit of production must equal the marginal revenue (MR) obtained by selling that extra unit of production.
Theoretically, in perfect market conditions, MR=MC in the equilibrium point between quantity supplied and quantity demanded. But on real world conditions elasticity of both demand and supply alter the curves.
The agreements that set terms for various aspects of commercial relations with other countries such as the right to conduct business in the treaty partner's domestic market are called <span>friendship, commerce, and navigation (FCN) treaties. Correct answer: C
</span><span>This document includes several aspects: human rights, trade and investment protection in international diplomacy.</span>
A = Pe^(rt)
<span>A = 5e^(0.02)(8) = 5.87 billion </span>
