Answer:
Jack
Explanation:
He is the one who twisted his ankle. It was not in the restaurant, so the restaurant is not in charge of it.
Answer: $74,102
Explanation:
FICA Tax Payable by Employer = 1.45% × $185,000 + 7.65% × ($1,020,000 - $185000)
= $2,682.5 + $63,877.5
= $66,560
State unemployment tax = 1% × ($1,020,000 - $601,000)
= $4,190
Federal unemployment tax = 0.8% × ($1,020,000 - $601,000)
= $3,352
Payroll tax expense = FICA Tax Payable by Employer + state unemployment tax + federal unemployment tax
= $66,560 + $4,190 + $3,352
= $74,102
Answer:
Approximate price of marble statue in USD is:
= Price of statue * Foreign Currency Cost of one unit
= 1,700 * 0.9213
= US$1,566.21
<em>If the nominal exchange rate for the U.S. dollar–euro rises from $1.3457 to $1.547555 per euro, the euro </em><em><u>appreciated</u></em><em> in value, or </em><em><u>appreciated</u></em><em>, relative to the U.S. dollar.</em>
If this direct rate increases from $1.3457 to $1.547555 per euro, it means that one Euro can now buy more dollars than before which means that it gained/ appreciated in value relative to the USD.
For instance: Before the change, €10 = 10 * 1.3457 = $10.3457
After the change, €10 = 10 * 1.547555 = 10.547555
Euro therefore became stronger relative to the USD.
Answer:
it is an adjustment to net income.
Since the prepaid expenses increased during the year, the amount by which it increased should be deducted from operating cash flows
Explanation:
other adjustments to net income:
depreciation expense
changes in accounts receivable
changes in inventory level
changes in accounts payable
changes in other current liabilities, e.g. taxes payable
