Answer: C. both Tim and Bev to be marginally attached workers
Explanation: The Bureau of Labor Statistics considers both Tim and Bev as marginally attached workers.
Usually, marginally attached workers refers to individuals who are not actively seeking for a job or employment at a particular point in time,which is the case of both Tim and Bev. However, for an individual to be classed as a marginally attached worker, He or she must be willing and able to work and worked or sought for a job at any point within the last twelve months. Bev has searched for a job within the last year and Tim's environment has very few openings to accommodate employees.
The correct answer is <span>Certificate of Deposit
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Answer:
Anderson Co. 3,100 shares at $18 per share
Munter Ltd. 10,200 shares at $57 per share
King Co. 5,600 preferred stock at $42 per stock
a. Prepare the entry for the security sale on January 15, 2021.
- Dr Cash 58,880
- Cr Investment in Anderson Co. stock AFS 52,200
- Cr Realized gain on stock AFS 6,680
b. Prepare the journal entry to record the security purchase on April 17, 2021.
- Dr Investment in Castle's stock AFS 38,160
- Cr Cash 38,160
c. Compute the unrealized gains or losses.
- unrealized gain = $40,800 (gain in Munter) - $11,200 (loss in King) - $13,960 (loss in Castle) = $15,640
d. Prepare the adjusting entry for Vaughn on December 31, 2021.
- Dr Investment in Munter's stock 40,800
- Cr Investment in King's stock 11,200
- Cr Investment in Castle's stock 13,960
- Cr Unrealized gain - other comprehensive income 15,640
Answer:
$270,000
Explanation:
Data provided
Quantity of products = $280,000
Total fixed costs = $800,000
Unit sales price = $16
Variable cost = $12
The computation of units must be sold is shown below:-
Contribution per unit = $16 - $12
= $4 per unit
Units must be sold = (Quantity of products + Total fixed costs) ÷ Contribution per unit
= ($280,000 + $800,000) ÷ $4
= $1,080,000 ÷ $4
= $270,000
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
