Answer:
FUTA = $168
SUTA = $1,866.24
Explanation:
As per the data given in the question,
FUTA
= $7,000 × 4 employees × 0.6% = $168
SUTA
Gilfin, Laubach and Loftin earning excess = $14,000
So, will take maximum $14,000 for each of them
Moravec is less than $14,000 therefore will take the actual amount
Earnings = ($14,000 × 3 × 3.6%) + ($9,840 × 3.6%)
=$1,866.24
Answer:
$217,100
Explanation:
total selling expenses = sales commission + sales manager's salary + shipping expense + advertising expenses + miscellaneous selling expenses
sales commissions = 50,000
advertising expenses = 65,000
shipping expenses = 10,000
sales manager's salary= 80,000
miscellaneous selling expenses = 10,000 + 2100
Answer:
$3,553
Explanation:
Credit losses = Net credit sales × Historical percentage of credit losses
= $131,750 × 3%
= $3,953
Allowance for doubtful account has a credit balance of $400
The estimated bad debt expense can therefore be calculated as:
Bad debt expense = Credit losses - Allowance for doubtful accounts credit balance
= $3,953 - $400
= $3,553
Hence, the estimated bad debt expense using the percentage of credit sales method is $3,553
Answer:
(D) In organizations where employees expect clear directions.
Explanation:
Authoritarianism is coined from the word "authority". Authoritarianism is a system of ruling whereby the leader (Authoritative person or Dictator) gives all orders and doesn't expect to be questioned or argued with.
In organizations where employees expect clear directions, people who are high on authoritarianism will not do well, since they could switch orders indefinitely and expect no one to argue with them.
An authoritative boss could say that members of a department should submit their files to his desk by 3pm and then change his mind an hour to the deadline and send a new instruction that those employees should gather for a meeting (without their files) by 3pm.
Such confusion will impede the smooth running of day-to-day activities in that organization; especially as no one challenges the leader.
