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3 years ago

Gross wage refers to the wage an employee earns before deductions are subtracted.

Business

1 answer:

Sonja [21]3 years ago

7 0

Answer:

True

Explanation:

Gross wage is the pay before adjusting for taxes and other deductions. The term gross means before deductions. For example, when calculating profits, gross profits means the earnings before deducting expenses.

Net wages contrast gross wages. While gross wages do not include deductions, net wages is the income after adjusting for all deductions. Calculating the gross wage will include involves adding basic pay and other earnings such as commissions, allowances, and bonuses.

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Accounting information systems integration

Arlecino [84]

Accounting information system integration is the process of standardizing the procedure for recording transactions and disseminating financial information. <span />

4 0

3 years ago

You have a portfolio that is invested 14 percent in Stock R, 50 percent in Stock S, and the remainder in Stock T. The beta of St

pantera1 [17]

Answer:

1.41 Approx

Explanation:

The computation of the beta for the stock T is shown below:

Beta of portfolio = Respective betas × Respective investment weights

1.30 = (0.14 × 0.81) + (0.5 × 1.36) + (0.36 × beta of the Stock T)

1.30 =0.7934 + (0.36 × beta of the Stock T)

beta of the Stock T = (1.3 - 0.7934) ÷ 0.36

= 1.41 Approx

We simply multiplied the beta of each stock with its investment weights order to calculate the beta of the stock T as portfolio beta is given

8 0

3 years ago

Several employees at a fast-food restaurant call in sick at the last minute. The manager tries to fill in but doesn't know how t

VikaD [51]

Answer: Trained incapacity

Explanation: In simple words, it refers to the idea that after gaining a certain kind of education, skill or experience etc. the level of thinking of an individual cannot go beyond a certain limit.

In the given case, the manager was the upper level employee and was not habitual to the work that was performed by the workers in the restaurant.

Therefore this position in the workplace limited his skills of performing only the managerial work.

Hence from the above we can conclude that the above case depicts trained incapacity.

3 0

3 years ago

On January 1, 2020, Tamarisk Corporation issued $700,000 of 9% bonds, due in 8 years. The bonds were issued for $740,784, and pa

EleoNora [17]

Answer:

Cash 740,783 debit

Bonds payable 700,000 credit

Premium ob BP 40,783 credit

--to record issuance--

Interest expense 29,631.32 debit

premium on BP 1,868.68 debit

cash 31,500 credit

--to reocrd first interest payment--

Interest expense 29,556.57 debit

premium on BP 1,943.43 debit

interest payable 31,500 credit

--to record accrued interest at year-end on BP--

Explanation:

procceds 740,783

face value <u> 700,000 </u>

premium on bonds payable 40,783

When comparing, the firm received more than the face value hence, there is a premium on the bonds as the coupon payment are above the market rate.

Now, the interest will be calculate as follow:

carrying value x market rate:

740,783 x 0.08/2 = 29,631.32 interest expense

cash outlay:

700,000 x 0.09/2 = 31,500

amortization on premium (difference) 1,868.68

new carrying value: 740,783 - 1,868,68 = 738,914

second payment accrual:

738,914 x 0.04 = 29,556.57

cash outlay 31500

amortization 1,943.43

7 0

3 years ago

Next year baldwin plans to include an additional performance bonus of 0.25% in its compensation plan. this incentive will be pro

natali 33 [55]

If Baldwin currently pays his employees with $50/hour and he promised to give an additional performance bonus of 0.25% if the productivity goals are reached. Assuming that he has 500 employees, he needs to pay his employees:

$50 * (1+0.0025) = $50.125/hour will be the new rate of each employee,
if he has 500 employees:

500 * $50.125 = $25,062.50

He has to pay a total of $25,062.50 per hour in total.

6 0

4 years ago

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