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3 years ago

A. Money taken from your gross pay that you have no control over

1 answer:

4 0

1. Gross income - h. Total income before any deductions are taken

2. Net income - f. Take–home pay

3. Voluntary salary deduction - j. Money you have given

4. Involuntary salary deduction - a. Money taken from your gross pay that you have no control over

5. Fixed expenses - e. Expenditures that are constant from one time period to another

6. Discretionary spending - b. Expenditures that are under your control

7. Fixed income - i. Income that does not vary from one time period to another

8. Principal - d. The initial amount of money that was invested or borrowed

9. Salaried employee - g. Someone who receives a regular salary for employment

10. Insolvent - c. Unable to discharge liabilities or repay debts

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Given the following transaction: Purchased supplies for office use on credit.

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Whats the rest of the question??

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3 years ago

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Cemptex Corporation prepares its statement of cash flows using the indirect method to report operating activities. Net income fo

Lady bird [3.3K]

Answer:

711,300

Explanation:

Net cash generated from operating activities can be calculated by deducting and adding back the cash and non-cash items respectively from the net income for the year. Such as depreciation will be added back in net income due to it is a non-cash expense

Net Income 624,000

Depreciation and amortization 87,000

Decrease in accounts receivable 22,000

Increase in inventories (9,200)

Increase prepaid expenses (8,500)

Increase in salaries payable 10,000

Decrease in income taxes payable (14,000 )

Net cash generated from operating activities 711,300

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3 years ago

In the market for beef, the price of a pound of beef falls Explain the effect of this event on the quantity of beef supplied and

Lera25 [3.4K]

Answer:

E. The quantity of beef supplied decreases and the supply of beef is unchanged.

Explanation:

In the market for beef, the price of a pound of beef falls. The effect is "the quantity of beef supplied decreases and the supply of beef is <u>unchanged</u>. The reason is that any price change of the product will not shift the demand or supply but changes the quantity supplied.

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2 years ago

Equipment maintenance costs for manufacturing explosion-proof pressure switches are projected to be $125,000 in year 1 and incre

Inessa05 [86]

Answer:

The equivalent uniform annual worth of the maintenance costs at an interest rate of 10% per year, compounded semiannually is $127,432

Explanation:

In order to calculate the equivalent uniform annual worth of the maintenance costs at an interest rate of 10% per year, compounded semiannually we would have to calculate the following formula:

equivalent uniform annual worth of the maintenance costs= P(i(1+i)∧n/(1+i)∧n-1

The rate of interest i would be as follows:

rate of interest i=(1+10%/2)-1

rate of interest i=0.1025*100

rate of interest i=10.25%

The present value P would be calculated as follows:

present value P=$125,000(1-(1+1/100)∧5 (1+10.25/100)∧-5/(10.25/100-1/100)

present value P=$125,000*3.84

present value P=$480,000

Therefore,

equivalent uniform annual worth of the maintenance costs=$480,000*(10.25/100 (1+10.25/100)∧5/(1+10.25/100)∧5-1)

equivalent uniform annual worth of the maintenance costs=$480,000*0.2654

equivalent uniform annual worth of the maintenance costs=$127,432

The equivalent uniform annual worth of the maintenance costs at an interest rate of 10% per year, compounded semiannually is $127,432

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3 years ago

Sheridan Company issued $6,500,000 of 6%, 10-year bonds for $5,614,000. The straight line method of amortization is to be used.

Mrac [35]

Answer:

The solution of the given query is explained throughout the segment below.

Explanation:

The given values are:

Company issued amount,

= $6,500,000

Rate of interest,

= 6%

Time,

= 10 years

Now,

On bonds payable amortization, the discount will be:

= $\frac{6,500,000 -5,614,000}{10}$

= $\frac{886,000}{10}$

= $88,600$ ($)

Interest expenses will be:

= $(6,500,000\times 6 \ percent) + 88,600$

= $390,000+88,600$

= $478,600$ ($)

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3 years ago