Answer and Explanation:
a. The computation is shown below;
Cash bonus after tax is ($3,000 × (1 - 0.24) $2,280
And, non taxable fringe benefit is $2,300
So here he should use the nontaxable fringe benefit
b. Yes answer would be changed
Cash bonus after tax is ($3,000 × (1 - 0.12) $2,640
And, non taxable fringe benefit is $2,300
hence, the same is to be considered
Answer:
Assets = $66,974
Liabilities = $0
Equity = $66,974
Explanation:
Assets
Assets are resources that are controlled by the business, which generate economic benefits.
Total Assets = Non-Current Assets + Current Assets
where,
<u>Non-Current Assets :</u>
Office Equipment $ 10,000
Computer Equipment $20,000
Total Non-Current Assets $30,000
<u>Current Assets :</u>
Cash $15,000
Accounts receivable $12,882
Computer supplies $2,545
Prepaid insurance $3,220
Prepaid rent $3.300
Total Current Assets $36,947
Total Assets $66,974
Liabilities
Liabilities are present obligations of the business that result in outflow of economic resources.
Total Liabilities = Non-Current Liabilities + Current Liabilities
where,
Non-Current Liabilities = $0
Current Liabilities = $0
Total Liabilities = $0
Equity
Is the residue of what is left when Liabilities are deducted from the Assets
Total Equity = Total Assets - Total Liabilities
= $66,974 - $0
= $66,974
Answer:
Quid Pro Quo sexual harassment
Explanation:
Quid Pro Quo means exchanging one thing for another.
Quid pro Quo sexual harassment is a form of harassment in which an employer implies either directly or indirectly that sexual favors will be required, from an employee applying for a job, if he/she is to get the job.
This also applies to employees already within the organization, as it may affect whether they get promoted or fired.
Answer:
2) perfectly vertical
Explanation:
When the price elasticity of demand is perfectly inelastic, the demand curve is perfectly vertical. This means that the quantity demanded will remain the same no matter what price.
In this scenario, the supply curve for oranges shifted to the left due to the early freeze, which results in a price increase at every level of quantity demanded. Since the demand is perfectly inelastic, the new equilibrium price will be determined by the how much the supply curve shifts.
Answer:
Ending balance in account = $4,203.8 (Approx.)
Explanation:
Given:
Starting balance in account = $4,000
Rate of interest annually = 5%
Number of year = 1
Find:
Ending balance in account
Computation:
Compounded quarterly
So,
Number of interest period = 1 x 4 = 4
Rate of interest quarterly = 5% / 4 = 1.25% = 0.0125
So,
A = P[1+r]ⁿ
Ending balance in account = 4,000[1+0.0125]⁴
Ending balance in account = 4,000[1.0125]⁴
Ending balance in account = 4,000[1.05094]
Ending balance in account = 4203.76
Ending balance in account = $4,203.8 (Approx.)
