Answer:
The answer is: B) The median wage in Texas is much higher than the national average. THIS STATEMENT IS FALSE.
Explanation:
If you take the facts from the Census ACS 1 year survey, the median household income in Texas is $59,206 (2017 data) and a median hourly wage of $17,06 (2016 data from the Bureau of Labor Statistics).
If you compare those numbers with the national average, the US median household income is $60,336 (the national average is $1,130 higher than the Texas median household income). Historically the Texas median household income has been lower than the national average.
If we consider the median hourly wage in Texas of $17,06 (2016 data) and we compare to the national hourly wage of $17,81 (2016 data from the Bureau of Labor Statistics) we can clearly see it´s also lower. The top ten states with the highest median hourly wage are: Alaska, Massachusetts, Connecticut, Washington, Maryland, New York, New Jersey, California, Minnesota, Hawaii, with hourly wages ranging from $22.68 to $19.24
Answer:
$35,000
Explanation:
Requirement: Prepare the Operating Activities section of the Statement of Cash Flows for the year ended 2004. Use the INDIRECT Method
Cash from Operating Activities
Particulars Amount$
Net income 6000
Add: Depreciation expense <u>50000</u>
Operating Cash Flow before 56000
Change in Working Capital
Add:
Decrease in inventory 3000
Increase in incomes taxes payable 7000 <u>10000</u>
Less:
Increase in accounts receivable 10000
Increase in prepaid Rent 8000
Decrease in accounts payable 7000
Decrease in salaries payable 6000 <u>-31000</u>
Cash from Operating Activities <u>$35000</u>
The answer would be between A and D.
The answer to this question is that the best medium would be a face to face meeting. A face to face meeting is a meeting where in group of people are being held in a specific meeting room to meet and discuss a specific agenda. Face to face meetings are said to be the best type of meeting because this ensures engagement and it is more efficient.
Answer: The amount of gross margin Mazer would report if the company uses absorption costing is $1350.
Explanation:
Given that,
Mazer Manufacturing Company produced = 2,000 units of inventory
Units Sold = 1,800 units
Variable product cost = $4 per unit
Fixed manufacturing overhead cost = $2,500
Sales price of the products = $6 per unit
Fixed manufacturing cost per unit = 
= 
= $1.25 per unit
Unit Product cost under Absorption costing = Variable product cost + Fixed manufacturing cost per unit
= 4 + 1.25
= $5.25
∴ Gross margin under Absorption costing = Sales Revenue - Cost of goods sold
= Units sold × sales price - Units sold × Unit Product cost under Absorption costing
= 1800 × 6 - 1800 × 5.25
= 10800 - 9450
= $1350
