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jarptica [38.1K]

3 years ago

9

Heidi's Accessories bought 50 necklaces for $10 each on account. The invoice included a 6% sales tax and payment terms of 2/10,

n/30. Five necklaces were returned prior to payment. The entry to record the return would include a debit to

1 answer:

sleet_krkn [62]3 years ago

7 0

$530 is your answer to the question

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Gary Marks is paid on a monthly basis. For the month of January of the current year, he earned a total of $8,338. FICA tax for S

deff fn [24]

Answer:

$1,057.86

Explanation:

Payroll taxes include:

Social security tax withholdings 6.2% (on the first $132,900 of wages paid) = 6.2% x $8,338 = $516.96
Medicare tax withholding 1.45% = 1.45% x $8,338 = $120.90
Federal unemployment taxes (FUTA) 0.6% = $7,000 x 0.6% = $42
State unemployment taxes (SUTA) 5.4% = $7,000 x 5.4% = $378

total payroll taxes = $1,057.86

4 0

3 years ago

The Arkansas Company makes and sells a product called Product K. Each unit of Product K sells for $39 dollars and has a unit var

ioda

Answer:

$36,020.40

Explanation:

The computation of cash balance is shown below:-

Excess of cash receipts over disbursement = Beginning cash balance + Cash receipts - Cash disbursement

= $64,500 + $1,302,200 - $1,310,000

= $1,366,700 - $1,310,000

= $56,700

Interest = X × 0.02

Cash balance at end = Excess of cash receipts over disbursement + Borrowing - Interest

$92,000 = $56,700 + X - 0.02x

$92,000 - $56,700 = 0.98x

X = $35,300 ÷ 0.98

= $36,020.40

7 0

3 years ago

What is a product's life cycle?

valentina_108 [34]

Or think about it it’s easy

8 0

3 years ago

Suppose Cute Camel Woodcraft Company is evaluating a proposed capital budgeting project (project Alpha) that will require an ini

UNO [17]

Answer:

$996,267.41

Explanation:

The Net Present Value of Alpha`s project can be determined by using the CFj Function of a Financial Calculator as follows :

<em>- $400,000 CF0</em>

<em>$325,000 CF1</em>

<em>$500,000 CF2</em>

<em>$400,000 CF3</em>

<em>$475,000 CF4</em>

<em>I/YR = 8%</em>

<em>Then, SHIFT NPV gives $996,267.41</em>

Thus, Alpha's net present value (NPV) is $996,267.41.

8 0

3 years ago

Joneen owns a farm. in a signed writing, joneen gave sue the irrevocable right to use a road on his farm so that sue could more

nadezda [96]

<span>Joneen gave Sue a cartway claim to access her own property across a portion of Joneen's property. This type of easement allows an individual to access their property via another, privately owned parcel for the purposes of accessing landlocked property.</span>

8 0

3 years ago