What kinds of questions do you ask during an interview

2. At overtime rate $80,000 3. Total earnings ? Deductions: 4. Social security tax 32,400 5. Medicare tax 8,100 6. Income tax wi

inna [77]

Answer:

A.Earnings at normal rate(1)= $ 460,000.00

Total earnings(3) = $540,000

Union dues(8)= $ 6,750.00

Sales salaries(12)= $ 135,000.00

B.Dr FactoryWages $ 285,000.00

Dr OfficeSalaries $ 120,000.00

Dr SalesSalaries $ 135,000.00

Cr Ss tax $ 32,400.00

Cr Mc tax $ 8,100.00

Cr Income tax withheld $ 135,000.00

Cr Medical insurance $ 18,900.00

Cr Uniondues $ 6,750.00

Cr Wages accrued and payable $ 338,850.00

C.Dr wages accreud and payable$ 338,850.00

Cr Cash $ 338,850.00

Explanation:

In order for us to calculate the ommited in (1) we have to find out the (3) calculated as :

Social securities tax 6% of total earnings $32,400

Medicare tax 1.5% of total earnings $8,100

Therefore let x be the total earnings using 6%

x*6%= $32,400

x= $32,400/6%

= $ 540,000.00

Or let x be the total earnings using 1.5%

x*1.5%= $8,100

x= $8100/1.5%

$ 540,000.00

The total earnings for 3 will be = $540,000

Using this formula to calculate for earnings at normal rate

Earnings at normal rate=total earnings -overtime rate

Let plug in the formula

$540000-$80000= $ 460,000.00

Therefore earnings at normal rate for (1)= $460,000.00

In order to calculate for 8,we have to substract the total deductions form taxes and insurances

Using this formula

Total deductions=social security +medicare+income tax held+union dues+medical insurance

Hence,

$201150=$32400+$8100+$135000+$18900+union dues

Union dues(8)=$201150-32400-8100-135000-18900

Union dues(8)= $ 6,750.00

In order to calculate for 12 sales salaries,we have to deduct total earnings from factory wages and office salaries

Using this formula

Sales salaries=total earnings -factory wages and office salaries

Sales

salaries(12)=$540000-$285000-$120000

sales salaries(12)= $ 135,000.00

Therefore:

Earnings at normal rate(1)= $ 460,000.00

Total earnings(3) = $540,000

Union dues(8)= $ 6,750.00

Sales salaries(12)= $ 135,000.00

B. Journalising the entry to record payroll

Dr FactoryWages $ 285,000.00

Dr OfficeSalaries $ 120,000.00

Dr SalesSalaries $ 135,000.00

Cr Ss tax $ 32,400.00

Cr Mc tax $ 8,100.00

Cr Income tax withheld $ 135,000.00

Cr Medical insurance $ 18,900.00

Cr Uniondues $ 6,750.00

Cr Wages accrued and payable $ 338,850.00

(being the payroll recorded)

C.Dr wages accrued and payable $ 338,850.00

Cr Cash $ 338,850.00

(Being the payment made to staff)

5 0

3 years ago

After graduating with his MBA and returning from his trip to find no shoes from

lukranit [14]

Answer:

ooooooooooooooooooooooo

4 0

3 years ago

At the beginning of the conversation, norio wants to discuss sushi with michael, but michael is more interested in getting the c

d1i1m1o1n [39]

Based on global management, it seems Michael was not cognizant of Norio coming from a <u>high-context culture</u>.

<h3>What is global management?</h3>

Global management can be defined as an international business practice in which a business organization (company) utilizes its employees (management team) and resources to carry out its business on an international level.

<h3>What is a high-context culture?</h3>

A high-context culture can be defined as a type of cultural communication in which the people focuses on underlying context and situational cues, meaning, nonverbal cues, and tone of a message, rather than just the words themselves when communicating with others.

In this context, we can reasonably infer and logically deduce that it seems Michael was not cognizant of Norio coming from a high-context culture because he is exhibiting low-context culture characteristics, by being more interested in signing a contract.

Read more on high-context culture here: brainly.com/question/17438233

#SPJ1

Complete Question:

At the beginning of the conversation, Norio wanted to discuss sushi with Michael, but Michael is more interested in getting the contract signed. Based on what you've learned about global management, it seems Michael was not cognizant of Norio coming from a ______.

3 0

2 years ago

Marginal revenue can become negative for A. both competitive and monopoly firms. B. monopoly firms but not for competitive firms

Lena [83]

Answer:

B. monopoly firms but not for competitive firms.

Explanation:

Marginal revenue can become negative for monopoly firms but not for competitive firms.

A monopolist’s marginal revenue is always less than or equal to the price of the good.

Marginal revenue is the amount of revenue the firm receives for each additional unit of output. It is the difference between total revenue – price times quantity – at the new level of output and total revenue at the previous output (one unit less).

Since the monopolist’s marginal cost curve lies below its demand curve. When a monopoly increases amount sold, it has two effects on total revenue:

– the output effect: More output is sold, so Q is higher.

– the price effect: To sell more, the price must decrease, so P is lower.

For a competitive firm there is no price effect. The competitive firm can sell all it wants at the given price.

So the marginal revenue on a monopolist's additional unit sold is lower than the price, <u>because it gets less revenue for selling additional units.</u>

<u>Marginal revenue can become negative – that is, the total revenue decreases from one output level to the next. </u>

5 0

3 years ago

FitterYou Inc., a company that manufactures health products, hosts an event at a local hotel to generate potential customers. Th

Nastasia [14]

By inviting over 120 prospects to the event through direct mails, then the company that manufactures the health products is using a <u>seminar</u> to generate sales leads.

<h3 />

What is a sales seminar?

Generally, a sales seminar are organized by company to persuade clients or train its employee on how to sell its products.

In conclusion, the company that manufactures the health products is using a <u>seminar</u> to generate sales leads.