Answer:
$254
Explanation:
First we must calculate the employee's remaining taxable portion = wage base - year to date earnings = $118,500 - $114,400 = $4,100
Then we multiply the employee's remaining taxable portion times FICA-OASDI tax rate = $4,100 x 6.2% = $254.20, we round down to the nearest dollar = $254
Answer:
a. Net income in 2014 is $5.00 million; Net income in 2015 is $11.25 million; and Net income in 2016 is $8.75million.
b. The best summary is that under generally accepted accounting principles (GAAP), the cost-to-cost method is a method that is acceptable to be applied to contracts that span more than one accounting period.
Therefore, the cost-to-cost method is employed in calculating the revenue and net income for Frankel Construction for each of the years 2014, 2015 and 2016.
Explanation:
a. Calculate the amount of revenue, expense, and net income for each of the three years 2014 through 2016 using the cost-to-cost method.
Note: See the attached excel file for the calculations.
Cost-to-cost method can be described as a cost and revenue recognition approach in which all costs recorded to date on a project are divided by the total expected costs to be incurred on the project in order to obtain the overall percentage of completion of the project which is employed in estimating revenue and net income.
b. What best summarizes our conclusion about the usefulness of the cost-to-cost method for this company?
The best summary is that under generally accepted accounting principles (GAAP), the cost-to-cost method is a method that is acceptable to be applied to contracts that span more than one accounting period.
In this question, the cost-to-cost method is employed in calculating the revenue and net income for this company for each of the year 2014, 2015 and 2016.
Answer:
Demand, Investment spending; Supply
Explanation:
In the goods market, interest rates are directly related to the investment decisions and aggregate demand. A higher interest rate usually means that the cost of borrowing is high and this results in lesser investment. Furthermore as people can get more reward fro saving, they consume less of their incomes and save more. Saving more means that they demand less goods and services.
In the money market, interest rates are directly related to the demand and supply of money. A higher interest rate means that there is less credit creation by the banks and as more people save, the supply of money contracts.
Hope that helps.
Mass communication is seen as an extension of transportation in a ritualistic perspective on communication.
What is the communication transactional model?
- Communication is a process through which communicators create social realities in a variety of social, relational, and cultural contexts, according to the Transaction Model of communication.
- In this model, nurses converse with one another to form relationships as well as message exchanges.
What is transactional and interactive linear communication?
- The linear model of communication states that meaning is passed from one person to another.
- In the interactional model, meaning is developed through feedback from a sender and a receiver. In the transactional model, individuals CREATE shared meaning.
What is the proper sequence for the linear communication model?
linear modeling?
A one-way process is envisioned by a linear model of communication, in which one party is the sender and encodes and transmits the message, and another party is the recipient and receives and decodes the data.
Learn more about Transaction Model of communication
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Answer:
A
Explanation:
In this question, we are trying to look at which of these firms, one per option should one buy its stocks given the underlying conditions in each of the option. Let’s proceed!
Option B is wrong
We should not buy their stock because what they use are internal evaluators who are probable to be biased in their dealings
Option C is wrong
Having not been investigated by the regulatory body for that long, they may have been doing several things that is not ethical and as such they may not be trustworthy enough for their stock to be bought.
Option D is wrong principally because, taking a decision based on what happened just a week ago may be too hasty. If their stocks are golden to buy, there should probably be a wait time to monitor the situation effectively.
Option A is the only correct answer here. Using independent auditors as accessors would give the true nature of the business and as such if they are worthy enough to purchase their stock. The independent Auditors are not skewed towards being biased
