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3 years ago

8

Hunter Company had a FUTA taxable payroll of $192,700 for the year. Since the company is located in a state that has 1.5% FUTA c

redit reduction due to unpaid loans, determine Hunter's FUTA tax liability for the year. Round your answer to two decimal places.

1 answer:

ArbitrLikvidat [17]3 years ago

3 0

Answer:

Hunter's FUTA tax liability for the year is $147

Explanation: see attached file

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Bentley estimates manufacturing overhead of $1,949,400 for 2019 and will apply overhead to units produced based on 722,000 machi

fomenos

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Bentley estimates manufacturing overhead of $1,949,400 for 2019 and will apply overhead to units produced based on 722,000 machine hours.

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 1,949,400/722,000= $2.7 per machine hour.

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 2.7*717,000= $1,935,900

Production cost= direct material + direct labor + allocated moh

Production cost= 1,470,000 + 2,573,300 + 1,935,900= 5,979,200

Unitary cost=5,979,200/2,020,000= $2.96

3 0

3 years ago

Which of these options for saving money offers the lost liquidity?

daser333 [38]

The option of saving money that offers the most liquidity is a piggy bank. (option C)

<h3>What is liquidity?</h3>

Liquidity can be described as the ease with which an asset can easily be converted to cash. Paper currency and coins is the most liquid assets. Real estate is illiquid because it takes a long time for a real estate asset (e.g a house) to be sold and proceeds converted to cash.

Liquid assets earn less returns when compared with assets that are less liquid. This is because illiquid assets earn an illiquidity premium. An illiquidity premium compensates holders for holding an illiquid asset.

Money in a piggy bank is already in cash or coins and there is no need to convert it to cash again. Also, money in a piggybank is more accessible than the other options.

To learn more about liquidity, please check: brainly.com/question/15691477

#SPJ1

8 0

2 years ago

Which of the following statement completions is CORRECT? If the yield curve is upward sloping, then the marketable securities he

Blizzard [7]

Answer: consist mainly of short-term securities because they pay higher rates.

Explanation:

The yield curve is a curve depicting several yields to maturity or the interest rates across several contract lengths for identical debt contract. The yield curve shows the relationship that exist between the interest rate and time to maturity,

If the yield curve is upward sloping, the marketable securities which are held in a firm's portfolio, and assumed to be held in case of emergencies will consist of short-term securities in order to reduce interest rate risk. As the yield curve is upward sloping, therefore long term securities will be expected to have higher interest rate in the future and therefore a price decline. Because the securities are in case of emergency, it is advisable to have short term securities.

6 0

3 years ago

Omega Custom Cabinets produces and sells custom bathroom vanities. Assume that labor is the only input that varies for the firm.

Papessa [141]

Answer:

The answer is option a). For the 11th worker, the marginal profit is $600.

Explanation:

<em>Step 1: Determine the initial profit for the 10 workers as shown;</em>

initial profit=revenue from sales-cost of labor

where;

revenue from sales=sale per unit×number of units

revenue from sales=800×20=$16,000

cost of labor=cost per unit×number of workers

cost of labor=1,000×10=$10,000

replacing;

initial profit=16,000-10,000=$6,000

<em>Step 2: Determine the final profit for the 10 workers as shown;</em>

final profit=revenue from sales-cost of labor

where;

revenue from sales=sale per unit×number of units

revenue from sales=800×22=$17,600

cost of labor=cost per unit×number of workers

cost of labor=1,000×11=$11,000

replacing;

final profit=17,600-11,000=$6,600

<em>Step 3: Determine the marginal profit as shown;</em>

marginal profit=final profit-initial profit

where;

final profit=$6,600

initial profit=$6,000

replacing;

marginal profit=6,600-6,000=$600

The marginal profit for the 11th worker=$600

5 0

3 years ago

Greg, a landscaper, is planning on opening his own landscaping company. He currently earns $50,000 per year working for his uncl

schepotkina [342]

Answer: $52,840

Explanation:

The opportunity cost are the benefits he will give up to pursue his current venture of landscaping.

= Salary from working for uncle + Interest on the Savings to be used in business + Difference in market value if he waits till the end of the year

= 50,000 + (7% * 12,000) + (12,000 - 10,000)

= $52,840

7 0

3 years ago