The invention of (cash register) addressed two challenges faced by department store owners in the late 19th century: creating detailed sales records and embezzlement by employees.
Answer: 35.29%
Explanation:
Municipal Bonds are attractive in that they give the tax benefit of being tax exempt whereas a corporate bond is liable for taxation. The tax rate that will therefore make an investor indifferent between the two bonds is the one that will equate the Corporate bond's yield net of tax to the yield on the Municipal bond.
5.5% = 8.5% * ( 1 - x)
5.5% = 8.5% - 0.085x
0.085x = 8.5% - 5.5%
0.085x = 3%
x = 35.29%
Providing the customer a choice between a refund or a replacement
Answer:
5. $232,000.
Explanation:
The computation of the total conversion costs transferred out of the Canning Department equals to
= Number of units completed and transferred out × Cost per equivalent unit
= 80,000 units × $2.90
= $232,000
In order to find out the total conversion cost, we simply multiplied the number of units completed and transferred out with the cost per equivalent unit
Answer:
Are added expenses beyond that for the wages and salaries earned by employees
Explanation:
The employer payroll taxes are the taxes which are to be computed as a percentage of the wages salaries earned by the employees. It is divided into two types - social security taxes i.e 6.2% and the medicare taxes 1.45%
And the journal entry is
Payroll tax expense A/c Dr XXXXX
To Social security tax A/c XXXXX
To Medicate tax A/c XXXXX
To State Unemployment tax payable XXXXX
To Federal Unemployment tax payable XXXXX
(Being the payroll tax expense is recorded)
Moreover, it is an added expenses
