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ankoles [38]
3 years ago
13

Journalize the following payroll tax liability of David Roadways. Payroll tax expenses totaling $177.01 include:1. Social Securi

ty Tax paid $83.72 2. Medicare Tax paid $9.58 3. State Unemployment Tax paid $72.91 4. Federal Unemployment Tax paid $10.80
Business
1 answer:
marta [7]3 years ago
8 0

Answer:  The journal entry is as follows:

Explanation:

Given that,

Payroll tax expenses totaling = $177.01

Social Security Tax paid (SST) = $83.72

Medicare Tax paid (MT) = $9.58

State Unemployment Tax paid (SUT) = $72.91

Federal Unemployment Tax paid (FUT) = $10.80

Salary expense A/c       Dr.    $177.01

To SST payable                                             $83.72

To MT payable                                               $9.58

To SUT payable                                             $72.91

To FUT payable                                             $10.80

( entry for payroll tax liability of David Roadways)

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Answer:

The team has completed 'developing alternatives' step in decision making process

Explanation:

Decision making is a very crucial activity carried out by a manager. Various strategies are adopted in the decision making process so as to to come arrive at an appropriate decision.

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Here, after brainstorming session, the team came up with three ideas to avoid future crashes. These three ideas represent alternatives. Out of these three ideas, the best idea or alternative would be selected.

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3 years ago
The wealth effect refers to the fact that
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3 0
4 years ago
A firm is selling two products, chairs and bar stools, each at $50 per unit. Chairs have a variable cost of $25, and bar stools
marishachu [46]

Answer:

Break-even point in dollars= $36,364

Explanation:

Giving the following information:

A firm is selling two products, chairs and bar stools, each at $50 per unit. Chairs have a variable cost of $25, and bar stools $20. The fixed cost for the firm is $20,000.

To calculate the break-even point in dollars for the firm, we need to use the following formula:

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weighted average variable cost= (variable cost* weighted sales participation)

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Break-even point in dollars= 20,000/ [(50 - 22.5)/ 50]= $36,364

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3 years ago
Suppose a stock had an initial price of $75 per share, paid a dividend of $1.55 per share during the year, and had an ending sha
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Answer:

the Year, And Had An Ending Share Price Of $61. Compute The Percentage Total Return. ... Suppose a stock had an initial price of $72 per share, paid a dividend of $1.20 per share during the year, and had an ending share price of $61.

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3 years ago
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Semmy [17]

Answer:

Yes, her decision was correct because of Net present value rule.

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the net present value (NPV) applies to a series of cash flows occurring at different times.

The present value of a cash flow depends on the interval of time between now and the cash flow. It also depends on the discount rate. NPV accounts for the time value of money. It provides a method for evaluating and comparing capital projects or financial products with cash flows spread over time, as in loans, investments, payouts from insurance contracts plus many other applications.

Time value of money dictates that time affects the value of cash flows.

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