Answer:
d. His net pay will increase by $22.61.
Explanation:
The more "allowances" you claim on your W-4 the more you get in your take-home pay.
So he definitely will have an increase effect of $22.61 if Luis has a biweekly gross pay of $770 and increases the number of claims from 2 to 3 federal withholding allowances.
Answer:
A. $40,000,000
B.No entry
C.Dr Compensation Expense 10,000,000
Cr Paid-In-Capital- Restricted Stock 10,000,000
D. $34,000,000
Explanation:
A.$20 * 2M Shares
= $40,000,000
B. No Entry
C.
Dr Compensation Expense 10,000,000
($40,000,000/ 4yrs)
Cr Paid-In-Capital- Restricted Stock 10,000,000
D.$20 * 2M Shares * 85%
= $40,000,000*85%
= $34,000,000
Answer:
$2.18 per unit
Explanation:
The computation of the direct material cost per equivalent units is shown below:
As we know that
Direct Material cost per equivalent unit is
= Direct material cost ÷ equivalent units
where,
Direct material cost is
= $253,500 + $93,700
= $347,200
And, the number of equivalent units is
Equivalent units of production = Units processed + closing work-in-progress
= [(20,000 + 100,000) × 100%] + (39,000 × 100%)
= 120,000 + 39,000
= 159,000
Now the cost per equivalent unitis
= $347,200 ÷ 159,200
= $2.18 per unit
Answer:
Journal Entries
1) Debit Salaries Expense $6,667 Credit Bank $6,667
2) Debit Fuel and Maintenance expense $600, Credit Bank $600
3) Debit Depreciation Expense $amount Credit Accumulated depreciation $amount
4) Debit Insurance Expense $amount Credit Bank $amount
5) Debit Benefit Expense $amount Credit Accrued Benefit Expense $amount
6) Debit Accounts Receivable ( total of all trips) $amount Credit Service Revenue $amount
Explanation:
The Question is incomplete but i will do the typical journal entries to the transactions without figures.
1) The salaries are for one month and in brackets there is a $80,000*1/12 calculation meaning the $80,000 is for the year, now if it was already recorded then we debit salaries payable $6,667 credit bank $6,667
4) Insurance expense is debited if it is paid as it is incurred but if it has an Prepaid insurance account then we credit the Prepaid insurance account instead of Bank.
Answer:
zero
Explanation:
The activity in this scenario is fund raising/ issue note to a bank which is booked in financing activities, not in operating activities.
Thus we can said "there's no operating activity in Madison Company cash flow of 2016" if there's no other information.
