Answer:
$64,000
Explanation:
The Cost price of the item Acquired is measured at fair value. When the Fair Value of Both the Asset Acquired and Asset given up can be determined reliably, the fair value of the asset given up will be used. Unless, the fair value of the asset acquired is more evident, that value may be used.
<u>Measurement of New Heating System :</u>
Cash $60,600
Add Trade In Value $3,400
Total $64,000
A $2 bill is worth 200 pennies, 20 dimes, 4 half dollars, and 25 nickels.
Hope this helps :)
Answer:
8.14
Explanation:
The Rate of Return is 8.14 from my calculations which you can find in the attached file.
Now since the Rate of return is 8.14. Which is less than MARR of 12%, it shows that investment is not good.
A cash card<span> will only allow you to make ATM (Automatic Teller Machine) withdrawals. A </span>debit card<span> will allow you to pay directly for goods and services </span>in<span> any place where your </span>card's <span>payment network (Visa, Maestro, etc.) </span>is<span> accepted.
hope this helped :)
alisa202</span>
Answer:
From the information provided
Federal rate tax of earnings = 30000 × 0.6%
= 30000 × 0.006
= 180
State rate tax of earnings = 30000 × 5.4%
= 30000 × 0.054
= 1620
Medicare taxes = 2625
Social security taxes = 10500
Total payroll tax expenses = Medicare taxes + social security taxes + state rate tax on earnings + federal rate tax on earnings
= 10500 + 2625 + 180 +1620
= $ 14925
THUS,
JOURNAL ENTRY
___Accounts_______Debit ($)____Credit ($)
Payroll Tax Expense__ 14925
Social Security Payable___________ 10,500
Medicare Payable________________2625
FUTA Payable ___________________180
SUTA Payable ___________________1620
