<span>To find the amount of FICA taxes one has to contribute, there are two values needed. First, the Social Security tax rate is 0.062 (6.2%) on the first $127,200 in wages, and then the Medicare tax is 0.0145 (1.45%) on the first $200,000 in income. Adding these two figures gives the total FICA taxes. 6.2 percent of $27,000 is $1,674, and 1.45 percent of $27,000 is $391.50. Adding these two values together (1674 + 391) gives a total of $2,065, or choice (A).</span>
Answer:
The correct answer is the third option: Is the product already offered by competing firms?
Explanation:
To begin with, if the a company is looking forward to measure the success of a new product by asking three fundamental questions then the most important ones are those that implicates the satisfaction of the consumers and of the managers that work in the financial area due to the fact that they are the ones who make all the calculates and decide in what to invest, therefore that the success of the product will be achieved if it satisfies the technical requirements of the clients, if it is consider viable and valuable and if the sales were good enough to satify the producer's financial requirements.
Answer:
<u>If records invoices at gross amounts</u>
October 2th
inventory 3,000 debit
A/P 3,000 credit
October 2nd
A/P 500 debit
inventory 500 credit
October 17th
inventory 5,400 debit
A/P 5,400 credit
October 26th
A/P 5,400 debit
Inventory 108 credit
cash 5,292 credit
October 31th
A/P 2,500 debit
Cash 2,500 credit
<u>If records invoices at nets amounts</u>
October 2th
inventory 2,940 debit
A/P 2,940 credit
October 2nd
A/P 490 debit
inventory 490 credit
October 17th
inventory 5,292 debit
A/P 5,292 credit
October 26th
A/P 5,292 debit
cash 5,292 credit
October 31th
A/P 2,490 debit
Inventory 10 debit
Cash 2,500 credit
Explanation:
gross amount: we use the invoice nominal
net amount: we use the net nominal
October 2nd net:
3,000 x (1-2%) = 2,940
returns net: 500 x ( 1 - 2%) = 490
October 16th invoice net:
5,400 x ( 1 - 2%) = 5,292
october 31th
october 2th invoice balance:
2,940 - 490 = 2,450
Answer:
$56.19
Explanation:
Current stock price can be determined by calculating the present value of the dividend payments
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow in year 1 = 4.35
Cash flow in year 2 = 5.45
Cash flow in year 3 = 6.65
Cash flow in year 4 = 61
I = 9.4
PV = $56.19
To find the PV using a financial calculator:
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
