Answer:
84.35%
Explanation:
The computation of Margaret’s wage replacement ratio using the top-down approach is shown below:
= 100 - Social Security payroll tax rate - saving rate
= 100 - 7.65% - 8%
= 84.35%
For determining Margaret’s wage replacement ratio, we subtract the Social Security payroll tax rate and the saving rate from the percentage value i.e 100 so that the accurate ratio can come.
Answer:
$840
Explanation:
Data provided in the question:
Beginning inventory = 30 units @ $120 each
Purchases during the year:
Jan. 15: 34 units at $110
May 30: 61 units at $84
Oct. 20: 160 units at $60
Sales during the year totaled 271 units
Now,
Total inventory before selling = 30 + 34 + 61 + 160 = 285
Inventory left after selling 271 units = 285 - 271 = 14 units
Now,
Under the FIFO method, the units purchased first will be sold first
Therefore,
The price of units left inventory will the price of units purchased last i.e $60
Hence,
The cost of ending inventory = 14 × $60
= $840
Answer:
Check the explanation
Explanation:
When it comes to journal entry, it involves keeping or making or creating records of whichever transactions either an Economic transaction or a non economic one. The transactions are scheduled in an accounting journal which reveals an organization’s credit and debit balances.
The diagram showing the journal entry for recording the issuance of the shares can be seen in the attached image below.
Answer:
0.1 / acre or 1 / 10 acres
Explanation:
The density of an animal in a given area is given by the number of animals per unit of area.
In this case, we want to know the density of the mule deer in 1923 (100,000) divided by the total area of the Grand Canyon National forest Reserve (1,000,000 acres).
So, we'll simply divide 100,000 by 1,000,000 to get:
D = 100,000 / 1,000,000 = 0.1
The density of the mule deer within the Grand Canyon National forest Reserve is of 0.1 / acre or 1 / 10 acres
