Services act as a middleman, allowing individuals to securely send and receive money is A. p2p
<h3>How to illustrate the information?</h3>
It should be noted that p2p simply means the peer to peer platform that allows two individuals to be able to interact directly without the third party.
Peer-to-peer (P2P) lending eliminates the need for a middleman financial institution by allowing borrowers to get loans directly from other borrowers. P2P lending has become much more popular as a substitute for traditional funding thanks to websites that make it possible.
It should be noted that they act as services that act as a middleman, allowing individuals to securely send and receive money.
Therefore, the correct option is A.
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Based on the fact that Kay Company will use direct labor hours as its overhead allocation base, the overhead for a product with 5 labor hours is $228.
<h3>What is the overhead assigned to the product?</h3>
This can be found as:
= Total overhead cost / Number of labor hours x Product labor hours
Solving gives:
= 4,104,000 / 90,000 x 5
= 45.6 x 5
= $228
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Answer:
Social Security = $186.00
Medicare = $43.50
Explanation:
Since the given rate for Social security is 6.2%, the first week deduction is 6.2% of gross weekly salary, which is $3,000. Hence, the first week deduction for Social Security is given by
Social Security Deduction = 6.2% of $3,000
= 0.062 × 3,000 (Change 6.2% to decimal)
= $186.00
Similarly, since 1.43% is the given rate for medicare, the first week deduction is 1.43% of the gross weekly salary, which is $3,000. Thus, the first week deduction for medicare is given by
Medicare Deduction = 1.43% of $3,000
= 0.0143 × 3,000
= $43.50
Answer:
$168,400
Explanation:
Benders Gym repurchased their common stock at the rate of $140,000
Benders Gym pays a regular dividend of $18,500 four times in a year
For a period of one year 1,200 shares was issued at the rate of $38 per share
Therefore, the amount of cash flow to the stockholders for the past one year can be calculated as follows
=[18,500×4]-[1,200×38-(140,000)]
= 74,000-[45,600-140,000]
= 74,000-[-94,000]
= 74,000+94,000
= $168,400
Hence the amount of cash flow to the stock holders for a period of one year is $168,400
