Answer:
The correct answer is $748.425
Explanation:
Wage Rate of Employee: $25
Over time of Employee: $25 + $12.5 = $37.5
Normal work hours: 40
According to data, total hours worked by employee: 45
Overtime hours: 5
So normal work hour wage would be: 40 * 25 = 1000
Overtime wage would be: 5 * 37.5 = 187.5
Total wage for the week:
1000+187.5 = 1187.5
This is the gross income.
NOW for net income, we would deduct all the taxes from the gross salary.
Federal income tax deductions: = 1187.5-350 = 837.5
Social Security is 6% of Gross pay. So 1187.5 * 0.06 = 71.25
Medicare Tax is 1.5% of Gross pay. So 1187.5 * 0.015 = 17.8125
Net Income = Gross salary - Federal income tax - Social security - Medicare Tax = 1187.5 - 350 - 71.25 - 17.1825
= $748.425
Answer:
is the practice of posting a discrete schedule of declining prices for different ranges of quantities
Explanation:
In the case of the second degree price discrimination, the firm should chares the different kinds of the prices as per the quantity demanded i.e. if the large quantities are ordered so it should be charged at the less price and if the small quantities are ordered so it should be charged at the high prices. The motive behind this is to motivate the bulk sales that means when the buyer purchased the products in bulk so he will get the high discounts
Therefore the third option is correct
Answer: Brian and Sondra have, done nothing illegal
Explanation:
Brian and Sondra company are totally in their right, they are not directly involved in the poor fortunes of their competitors.
A rise in sales at Brian and Sondra company led to drop in the sales of their competitors leading to closure of their competitors businesses.
Solution:
Smooth the pattern as well as the arrangement to get the outlook this year.
S(Week 5) = TAF(Week 5) + alpha*(Actual(Week 5) - TAF(Week 5))
= 75 + 0.5(65 - 75) = 70
S(Week 6) = TAF(Week 6) + alpha*(Actual(Week 6) - TAF(Week 6))
= 65 + 0.5(50 - 65) = 57.5
T(Week 6) = T(Week 5) + beta*(TAF(Week 6) - TAF(Week 5) - T(Week5))
= -5 + 0.1(65 - 75 - (-5)) = -5 + (-0.5) = -5.5
Therefore, TAF(Week 7) = S(Week 6) + T(Week 6) = 57.5 + (-5.5) = 52.0
Answer:
Dr. Cash $4,200
Cr. Interest Income $84
Cr. Note Receivable $4,116
Explanation:
Food Suppliers
Interest on the Note = $4,200 x 8% x 90 / 360 = $84
Amount to be recorded = $4,200 - $84 = $4,116
At the Time of Issuance the Journal Entry was
Dr. Note receivable $4,116
Cr. Sales $4,116
So, the Payment of $4,200 will be made.
The Interest Income will be $84
Now the Note Receivable account will be adjusted by receiving cash and recording interest income.