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oee [108]
3 years ago
13

Caruso Company's SUTA rate for next year is 2.9% because its reserve ratio falls in its state's 8% to less than 10% category [(c

ontributions – benefits paid) ÷ average payroll = $93,500 ÷ $971,500 = 9.62%]. If the next category (10% to less than 12%) would give Caruso a lower tax rate of 2.3%, what would be the amount of the voluntary contribution needed to get Caruso to that next category? $
Business
1 answer:
zaharov [31]3 years ago
5 0

Answer:

voluntary contribution  $97150

Explanation:

data provided:

tax rate: 2.3%

reserve ratio- 8-10%

average payroll = $971,500

Assume voluntary contribution ="X "

From the information given in the question we have

\frac{X}{971500} = 10%

here we have taken max reserve ratio  i.e. 10%

"X" = 971500*0.10

       = $97150

we know that, from the question present contribution minus benefit is equal to $93,500

hence, extra contribution = 97150 - 93500 = $3650

extra contribution = $3650

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You bought a share of 6.6 percent preferred stock for $97.68 last year. The market price for your stock is now $102.42. What is
Angelina_Jolie [31]

Answer:

The aggregate return for the last year is 11.61%

Explanation:

The return on any asset is the increase in price, in addition to any dividends or the cash flows, which is divided by the initial price. Since, the preferred stock is assumed to have a $100 par value of, the dividend amounts to $6.60, therefore, the return for the year would be:

Return (R) = (Market Price - Stock Price + Dividend) / Stock Price

R = ($102.42 - $97.68 + $6.60) / $97.68

R = .1161, or 11.61%

6 0
3 years ago
How frequently does John typically receive account statements from his bank?
masha68 [24]
He receives them weekly
8 0
3 years ago
January 1, 2021, Woody Forrest Corporation granted executive stock options to purchase 30,000 of its common shares at $7 each. T
Anton [14]

Answer:

169,000

Explanation:

Calculation to determine what The number of shares to be used in computing diluted earnings per share for the quarter is:

First step is to calculate the amount assumed to be exercised

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Second step is to calculate the Net

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Number of shares=Outstanding+Net

Let plug in the formula

Number of shares=153,000 +16,000

Number of shares= 169,000

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Therefore The number of shares to be used in computing diluted earnings per share for the quarter is: 169,000

8 0
2 years ago
What is the time of the slowest workstation in a production​ system?
GalinKa [24]

Correct/Complete Question:

What is the time of the slowest workstation in a production​ system?

A. utilization

B. bottleneck time

C. effective capacity

D. throughput time

Answer:

B, bottleneck time

Explanation:

A bottleneck in a production system refers to a constraint in the production system where supply takes the longest time to meet up with demand for a particular good.

In the production processes, bottleneck time is the time takencapacity of the ful in a certain process of production as a result of the limited capacity of the process, thereby reducing the entire production chain.

Simply put, a bottleneck is a delay in time of one of the production process thereby slowing down the entire production system.

Cheers.

3 0
3 years ago
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sdas [7]
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Examples of economic bads include: pollution, noise, unhealthy food, risk, losss of resources,...</span>
7 0
3 years ago
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