In a manufacturing business, the ________ transforms finished goods into cash.

Big Game, Inc., is a manufacturer of hunting supplies. The following is a summary of the company's annual payroll-related costs:

grandymaker [24]

Answer:

(a) $9,435,000

(b) $5,230,000

(c) 1.27 or 127%

(d) 1.80 or 180%

Explanation:

(a) Big Game's total payroll- Related costs for the year:

= wages and salaries expense + payroll taxes + workers compensation premiums + group health insurance premium + contributions to employees pension plan

= $7,430,000 + 580,000 + 250,000 + 725,000 + 450,000

= $9,435,000

(b) Net amount of cash actually paid to employees:

= wages and salaries earned - Amount withheld from the employees pay

= $7,430,000 - $2,200,000

= $5,230,000

(c) Express total payroll related costs as a percentage of total wages and salaries expense:

= Total payroll related costs ÷ wages and salaries expense

= $9,435,000 ÷ $7,430,000

= 1.27 or 127%

(d) Express total payroll related costs as a percentage of employees take-home pay:

= Total payroll related costs ÷ Take home pay

= $9,435,000 ÷ $5,230,000

= 1.80 or 180%

8 0

4 years ago

A woman bought acreage but never saw it and did not use it; although, she regularly paid the real estate taxes on it. Without he

DaniilM [7]

Answer: b. Adverse possession

Explanation:

Adverse possession could be described as occupying a property not yours legally. This occurs when the owner of such property can't be found or identified over a very long period of time, then the party going in goes about acquiring the property legally. The individual who acquires the property now could be seen as the legal owner of the property

4 0

3 years ago

Shelton, Inc. has sales of $435,000, costs of $216,000, depreciation expense of $40,000, interest expense of $21,000, and a tax

Ad libitum [116K]

Answer:

The Income Statement is-

Sales = $435,000

Costs = 216,000

Depreciation = 40,000

EBIT= $179,000

Interest = 21,000

EBT = $158,000

Taxes = 55,300

Net income = $102,700

I have done this question before in my "Money Management" Dual enrolled class.

:)

4 0

3 years ago

Computer-mediated learning products-whether they are guided practice exercises, tutorials, simulations, games, hypertext, multim

enot [183]

The tutor and students. a computer system is a medium it's about business ethics class

6 0

3 years ago

The Johnson Family is looking to buy a new house on Belmont Road. Their insurance deductible is increased by $500 if they live m

user100 [1]

Answer:

a) Absolute Value Inequality => Absolute(0 + y) < 2

b) -2 < y < 2

Which means, Johnson Family has to live within the range of -2 to +2 from the fire department. Otherwise, they will have to pay 500 USD as increased deductible.

Explanation:

Johnson Family has to live within the range of -2 to +2 from the fire department.

a) Absolute Value Equation:

Absolute(0 + y) < 2

where y represent the location of the new house and 0 represents the location of the fire department.

Furthermore,

Absolute(0 + y) < 2 = (0 + x) < 2 when (0 + y) is +ve.

and

Absolute(0+y) <2 = -(0 + x) < 2 when (0 + y) is -ve.

b) When (0 + y) is +ve,

we have, (0 + y) < 2.

Solving for y and subtracting 0 from both sides.

0-0 + y < 2 - 0

y < 2

and when (0 + y) is -ve,

we have, - (0 + y) < 2.

Solving for y:

- 0 - y < 2

multiplying negative from both sides

y > - 2

So, we have -2 < y < 2

Johnson Family has to live within the range of -2 to +2 from the fire department. Otherwise, they will have to pay 500 USD as increased deductible.

7 0

3 years ago