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DochEvi [55]
2 years ago
13

Olivia’s employer deducts an amount from her paycheck for the medicare program. What type of withholding is being deducted from

Olivia’s paycheck?
Business
2 answers:
hjlf2 years ago
6 0
If your choices are:
A) tax exemption
B) local withholding
C) state withholding
D) Social Security

Then the answer is D) Social Security. It is from the government which gives the citizens to have the right to be admitted or to give insurance for the health.
Alecsey [184]2 years ago
5 0
The answer to this question is social Security 
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On December 28, I. Greasy Catering Company completed $600 of catering services. As of December 31, the customer had not been bil
nikdorinn [45]

Answer:

a. Debit Accounts receivable for $600

Explanation:

As Greasy catering company provided services but had not got the bill from the customer, it increases an asset. According to the revenue recognition principle, revenue has recognized whenever it is provided not when the cash is received. In that case, the journal entry to record the transaction is -

Accounts receivable (Debit) $600

Revenue (Catering)  (Credit) $600

Accounts receivable is debit because the company owes the amount from the  customers.

8 0
3 years ago
Corazon Company purchased an asset with a list price of $14,000. Corazon paid $500 of transportation in cost, $800 to train an e
Licemer1 [7]

Answer:

15,160

Explanation:

Net 20 terms: Full amount ready between 20 days, occasionally written as n/20.

Terms 2/10. n/30: with a 2% discount for settlement within 10 days, net 30 implying that the full amount will be ready between 30 days.

The terms 1/10, n/30: with a 1% discount for settlement within 10 days time, net 30 meaning the full amount is going to be ready between 30 days.

Terms 5/10, 2/30, n/60: 5% for settlement within 10 days, 2% for settlement in 11-30 days, full amount due within 60 days.

Net 30 Terms EOM: Payment will be ready in full 30 days after the end of the month (EOM) in which the invoice was given for.

7 0
3 years ago
Read 2 more answers
The controller of Norton Industries has collected the following monthly expense data for use in analyzing the cost behavior of m
fomenos

Answer:

Results are below.

Explanation:

Giving the following information:

January $2,700 300

February $3,000 350

March $3,600 500

April $4,500 690

May $3,200 500

June $5,500 700

<u>To calculate the variable and fixed costs, we need to use the following formulas:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (5,500 - 2,700) / (700 - 300)

Variable cost per unit= $7

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 5,500 - (7*700)

Fixed costs= $600

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 2,700 - (7*300)

Fixed costs= $600

4 0
3 years ago
Bombs Away Video Games Corporation has forecasted the following monthly sales:
levacccp [35]

Answer:

I have attached the excel file which shows the entire calculation of all the parts of your question. Majority of the numbers are linked so that its easy for you to understand. Key points before you look into file.

1) Number of units have derived by dividing revenue over sales price per unit which is $5

2) Production units are calculated by dividing total sales unit by 12 (as mentioned in the question)

3)Keep in mind that 80% of revenue will be received next month of the sales therefore also include in January sales receipt the 80% revenue of previous month

Explanation:

Download xlsx
7 0
2 years ago
Read 2 more answers
Shore Co. sells two products, kayaks and motors. Last year, Shore sold 12,600 units of kayaks and 23,400 units of motors. Relate
astraxan [27]

Answer:

Break-even points in  units is  33,705.00  

Explanation:

Break-even point in units=fixed costs/weighted average selling price-weighted average variable cost

Kayaks       12,600

Motors        23,400

total             36,000

kayaks  sales mix=12,600/36,000=0.35

Motors sales mix  =23,400/36,000=0.65

weighted average selling price=$120*0.35+$80*0.65

                                                   =$42+$52

                                                    =$94

weighted average variable cost=$80*0.35+$60*0.65

                                                     =$28+$39

                                                     =$67

fixed costs is $910,035

break-even points in units=$910,035/($94-$67)

                                           = 33,705.00  

The mix of both Kayaks and Motors that would gives no profit no loss is  33,705.00  

8 0
2 years ago
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