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BabaBlast [244]
3 years ago
14

Bridgeport Corporation's weekly payroll of $16,000 included FICA taxes withheld of $1,224, federal taxes withheld of $3,250, sta

te taxes withheld of $860, and insurance premiums withheld of $240. Prepare the journal entry to record Bridgeport's payroll. 5 entries for accounts and debits/credits.
Business
1 answer:
vichka [17]3 years ago
6 0

Answer:

The following 5 entries shall be booked in Accounts of Bridgeport Corporation for the purpose of weekly Payroll:

Explanation:

                                                                     Debit                                Credit

payroll expense                                            $16000

FICA tax withheld payable                                                                   $1224

Federal taxes withheld payable                                                           $3250

State taxes withheld payable                                                               $860

Insurance Premiums payable                                                               $240

Salaries payable to employees                                                            $10426

(16000-1224-3250-860-240)

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<h3>What is Risk Appetite?</h3>

This refers to the risk capacity of a company with regards to the maximum risk which it is ready to accommodate in the production process

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2 years ago
Based on a predicted level of production and sales of 15,000 units, a company anticipates reporting operating income of $22,000
jarptica [38.1K]

Answer:

e.$8,000 of fixed costs and $108,000 of variable costs.

Explanation:

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Assuming a new production volume of 18,000 units, budgeted variable costs are:

V_c=\$6*18,000= \$108,000

The budgeted amounts are: e.$8,000 of fixed costs and $108,000 of variable costs.

8 0
3 years ago
Suppose a 95% confidence interval was made to estimate the monthly cost of internet service instead of a 90% confidence interval
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The 95% confidence interval will be wider than the 90% confidence interval.

In statistics, the likelihood that a population parameter will fall between a set of values for a certain percentage of the time is referred to as a confidence interval. Analysts frequently employ confidence ranges that include 95% or 99% of anticipated observations. Therefore, it may be concluded that there is a 95% likelihood that the real value falls within that range if a point estimate of 10.00 with a 95% confidence interval of 9.50 - 10.50 is derived using a statistical model.

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1 year ago
What type of product modification is likely to make the greatest impact on a food product?
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The type of product modification that is likely to make the greatest impact on a food product is aesthetic.

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Answer:

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