Answer:
The employer can experience pension loss if it found out that the retirees benefits paid out are more than expected.
Explanation:
- Normally during salary payments, pension claims are paid to retirees as well, and can be automatically checked and processed as if the deficiency was very contrary.
- However, if payments for retired claims are found to be higher than expected, we can say that the company has suffered a pension loss.
- so The employer can experience pension loss if it found out that the retirees benefits paid out are more than expected.
Answer:
5.97%
Explanation:
Profit margin is an example of profitability ratio
profitability ratio measures the ability of a firm to generate profit from its assets
Profit margin = net income / sales
= $23,000. / $385,000,
THE QUESTION:
You have been put in charge of the taxation of the Mars colony. You need to decide how to tax the citizens of the colony.Will you institute a progressive, regressive, or a flat tax on income? Will you institute excise taxes? If yes, what goods and services will you tax and why? Will you institute sales taxes, property taxes, or VAT on goods?
Explanation:
I am not good at these terms, but
I would not use a flat tax, as I know that it would make lot's of people's life harder, from the middle class, to lower class, that might put people in financial struggles. Instead, I would charge different taxes on people, judged on their income. That would help lot's, and would be a good deed. Also, I will also use property taxes, because most of the time, if you didn't have money to spare, you wouldn't spend it on a house, right? I might have sale taxes, which I would say depends on how much I need as a government on MaRs! :|)
Answer:
$18.4 million
Explanation:
The computation of the net cash flows from financing activities is shown below:
Cash flows from financing activities
Issuance of the common stock $38.8 million
Less: Purchase of treasury stock -$20.4 million
Net cash flows provided from financing activities $18.4 million
The positive sign represents the inflow of cash and the negative sign shows the outflow of cash and the same is shown above
Answer:
a. Date Account Titles and Explanation Debit Credit
Factory labor $90,000
Factory wages payable $76,000
Employer payroll taxes payable $8,000
Employer fringe benefits payable $6,000
b. The entry to assign factory labor to production is the following
Date Account Titles and Explanation Debit Credit
Work in process inventory $76,500
(85% of $90,000)
Manufacturing overhead $13,500
(15% of $90,000)
Factory labor $90,000
