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3 years ago

Fein Company provided the following information relating to cash payments:

Business

1 answer:

BlackZzzverrR [31]3 years ago

6 0

Answer:

Fein Company

Schedule of Cash Payments

For the Month of August 202x

Salaries expenses:

From July salaries $3,230

From August salaries $31,860

Total salaries $35,090

Direct materials:

From July purchases $61,600

From August purchases $14,600

Total direct materials $76,200

Overhead expenses: $64,850

Debt payments:

Principal $15,000

Accrued interests $450

Total debt payment $15,450

Total cash payments $191,590

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The act that requires most employers to withhold certain amounts from employees' earnings for contributions to the Social Securi

raketka [301]

Answer:

Federal Insurance Contributions Act

Explanation:

The Federal Insurance Contributions Act refers to a law that establishes the federal taxes that are deducted from employees' salaries to get the funds for social services like Medicare, disability insurance, among others. According to this, the answer is that the act that requires most employers to withhold certain amounts from employees' earnings for contributions to the Social Security and Medicare programs is called the Federal Insurance Contributions Act.

5 0

3 years ago

Jillian is mapping her co-worker's decision-making process. she puts a few words in braces alongside a shaded rectangle. what do

Eva8 [605]

The use of braces explains the meaning of the words preceding the brace. Here Jillian actually mapping her co-worker's decision-making process so the braces probably contain decisions made on some circumstances. The circumstances may be given outside the brace.

7 0

3 years ago

Phoenix Company can invest in each of three cheese-making projects: C1, C2, and C3. Each project requires an initial investment

cestrela7 [59]

Answer:

C3 should be chosen

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator:

For project C1:

Cash flow in year 0 = $-252,000

Cash flow in year 1 =$20,000

Cash flow in year 2 =116,000

Cash flow in year 3 =176,000

I = 10%

NPV = $5,719

For project C2

Cash flow in year 0 = $-252,000

Cash flow in year 1 = $104,000

Cash flow in year 2 = $104,000

Cash flow in year 3 = $104,000

I = 10%

NPV = $6,633

For project C3

Cash flow in year 0 = $-252,000

Cash flow in year 1 = $188,000

Cash flow in year 2 =68,000

Cash flow in year 3 =56,000

I = 10%

NPV = $17,181

C3 should he accepted because it has the highest NPV

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

3 0

3 years ago

Quench, a bottled water supplier, has 5,496 bottles of water in their warehouse at the end of April. One third of the bottles we

Serjik [45]

Answer:

COGS 6,786.75

Explanation:

First, We calculate the beginning inventory:

5,496 x 1/3 = 1,832 bottles x $1 February = $ 1,832

5,495 x 1/3 = 1,832 bottles x $1.25 March = $ 2,748

5,495 x 1/3 = 1,832 bottles x $1.75 April = $ 3,206

Second, We start subtract the first units from the sales until get zero

sales 4,925

-1,832 february bottles 1,832

3,093

-1,832 march bottles 2,748

1,261

-1,261 April bottles x 1.75 = 2,206.75

0

Third, we add them to get the COGS

COGS 6,786.75

6 0

3 years ago

Amco International is a fictional importer of handcrafted leather and reptile skin handbags from India. The Indian company that

Sav [38]

$4400 because that’s my guess

5 0

3 years ago