Answer:
$954.60
Explanation:
Gross Pay: Gross income for an individual, also known as gross pay, is the individual's total pay from his employer before taxes or other deductions.
Net Pay: Gross income for an individual, also known as gross pay, is the individual's total pay from his employer after taxes or other deductions.
Particulars Amount Amount
Gross Pay $1,250
Withholding deduction:
Income tax <em>($201.65)</em>
Social Security <em>(1,250*0.06 = $75)</em>
Medicare tax <em>(1,250*0.015 = $18.75)</em>
Net pay $954.60
Answer:
A credit entry of $96,000
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
Given that Past experience indicates that the allowance should be 10% of the balance in receivables
Allowance = 10% * $600,000
= $60,000
Amount written off of $90,000 would have made the balance in the allowance for doubtful debts to
= $90,000 - $54,000
= $36,000 (Debit)
However, the balance in the account at the end of the year should amount to $60,000 hence the adjustments required
= $60,000 + $36,000
= $96,000 (credit)
Answer:
$185,920
Explanation:
Calculation for What is the amount of the operating cash flow
Using this formula
Operating cash flow=(Sales *Profit margin)+Depreciation
Let plug in the formula
Operating cash flow=($982,000*6%)+$127,000
Operating cash flow=$58,920+$127,000
Operating cash flow=$185,920
Therefore the amount of the operating cash flow will be $185,920
Answer:
The correct answer is
c. Reduced job satisfaction
good luck
