Answer:
$55,000
Explanation:
A Simplified Employee Pension (SEP) Plan is used in the United States by employers or self-employed persons to provide retirement benefits for themselves and their employees
As stated by the Internal Revenue Service (IRS), the contributions that can be made to each employee’s SEP-IRA each year is which one is lower between 25% of compensation and the maximum of $55,000 for 2018.
We can then calculate as follow:
1. Jerry's contribution calculation = 25% × $187,600 = 46,900.
2. Maximum allowable = $55,000.
Since a defined contribution plan states that Jerry will contribute the maximum amount allowable and the maximum for 2018 is $55,000, Jerry's contribution will therefore be $55,000.
Answer: variable input; fixed input
Explanation:
Based on the information given, in the short run, these workers are variable inputs, and the ovens are the fixed inputs.
Fixed inputs are the inputs that can't be easily changed that's increased or reduced in the short run while variable inputs can be increased or reduced easily.
Since Rina cannot change the number of ovens she uses in her production of pizzas in the short run, they're fixed input. The workers are variable input.
The Statements-In a j<u>ob-costing syste</u>m, individual jobs use different quantities of production resources, In a <u>process-costing system</u> each unit uses approximately the same amount of resources.-Both the statement are True
(D) Both (a) and (b) are true.
Explanation:
A <u>job costing system</u> is a system in which the cost associated with a particular job is calculated.This information is important in order to submit the cost information to the customer under a contract
<u>For example:</u>Job costing is required for deriving the cost of construction of a building,for designing a software
<u>Process costing is a term that is used in cost accounting.</u>
It is used to calculate the manufacturing cost of a Product.
<u>A processing cost system </u>is used during the mass production of the identical units .
Answer:
C. $1000
Explanation:
The computation of the approximate market value is shown below:
Current yield = Annual coupon payment ÷ market value
8% = ($1,000 × 8%) ÷ market value
8% = $80 ÷ market value
So, the market value is
= $80 ÷ 0.08
= $1,000
Hence, the approximate market value is $1,000
Therefore the correct option is c.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
