Answer:
$1.85
Explanation:
Fyaway travels reported a net income of $90,000 for the year 2021
During 2021 they declared and paid a cash dividend of $2,125
They also paid $10,000 as cash dividend in common stock
Flyway has 40,000 shares outstanding
Therefore the 2021 basic earning per share can be calculated as follows
$90,000-2,125
= $87,875
40,000 shares+(10,000 shares×9/12)
40,000 shares +(10,000×0.75)
40,000+7500
= 47,500
87,875/47,500
= $1.85
Hence the basic earning per share for 2021 is $1.85
Answer:
Departmental wage expenses for Dept. Y = 8,750 and Dept. Z = 10,250.
Explanation:
Direct wages of Y and Z sum 2,000 + 3,500 = 5,500. The remaining expenses are the difference between total wage expense and direct wage expenses. That means indirect expenses are 19,000 - 5,500 = 13,500. These has to be allocated half for each department.
- Dept Y expense is 2,000 + 13,500/2 = 2,000 + 6,750 = 8,750
- Dept Z expense is 3,500 + 13,500/2 = 3,500 + 6,750 = 10,250
Answer:
Jose is a twenty-two year old who just finished college. He lives alone in a small apartment that he rents. Jose has saved up nearly all his earnings from various part-time jobs in order to start his photography business. Given his current situation, Jose most likely has:________.
Explanation:
The answer for that would be B. High risk tolerance
Answer:
debit to Payroll Tax Expense for $44990
Explanation:
The journal entry is as follows
Payroll Tax Expense A/c Dr. $44,990
To FICA taxes withheld $25,610
To Federal unemployment taxes $2,680
To State unemployment taxes $16,700
(Being the accrual of employer’s payroll taxes is recorded)
For computing the payroll tax expense we simply added the FICA taxes withheld, federal unemployment taxes, and the state unemployment taxes
Answer: A. activities that cause costs to increase as the activity increases.
Explanation: Cost drivers activities that cause costs to increase as the activity increases such as units of electricity on the total cost of electricity. Costs are the main determinants of the continuity of businesses. So long the costs of production are kept low, lower than revenue, then there is profit and probability of expansion, otherwise, the business faces risk of shutting down.
