Answer:
$63.70
Explanation:
The computation of the total employer payroll tax expense is shown below:
But before that we need to determine the gross salary which is shown below:
= 40 hours × $10 + 8 hours × $15
= $400 + $120
= $520
Now the total payroll tax expense is
= Gross salary × (social security and Medicare tax rate + federal tax + state unemployment tax rates)
= $520 × (7.65% + 0.8% + 3.8%)
= $63.70
Answer: B
Explanation:
A vertical integration is where a company owns another company in the same production line.
For example a company that bakes bread has a farm where wheat is cultivated, a marketing company and retail locations for the sale of the bread.
The advantages of Vertical integration include:
a. It reduces costs.
b. It increases efficiency.
c. It gives the firm greater control of the production process.
A major disadvantage of vertical integration is it requires huge capital outlay.
Answer:
the objective of all corporate activity is called goal maximization of the shareholders' wealth.
Answer: the correct answer is (A) Both a $180,000 cash inflow and a $55,000 cash outflow should be recorded in the financing section because both transactions involve stockholders' equity items, and all cash flows must be reported gross.
Explanation:
The important thing here is that all cash flows must be reported gross.
Answer:
A. The proposed new project would have more stand-alone risk than the firm's typical project.
