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ad-work [718]
3 years ago
15

Lightning Electronics is a midsize manufacturer of lithium batteries. The company’s payroll records for the November 1–14 pay pe

riod show that employees earned wages totaling $53,000 but that employee income taxes totaling $7,600 and FICA taxes totaling $2,775 were withheld from this amount. The net pay was directly deposited into the employees’ bank accounts. Assume Lightning Electronics also must pay $280 of unemployment taxes for this pay period. Prepare the journal entry or entries that Lightning would use to record the payroll. Include both employee and employer taxes. (If no entry is required for a transactio
Business
1 answer:
Crazy boy [7]3 years ago
5 0

Answer:

Check the following calculations that follow the answer

Explanation:

a) Amount of net pay = wages – income tax – FICA tax = 53000 – 7300 – 2775 = $42,925

b) Total Payroll Cost = wages + FICA Taxes + unemployment taxes

= 53000 + 2775 + 280 = $56,055

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Select the law that determines if the strategy is legal or illegal. 1. WCG agrees with its cell plan competitors to raise prices
Llana [10]

Answer:

The given laws for each are as follows:

Explanation:

1. WCG agrees with its cell plan competitors to raise prices for all customers - Sherman Antitrust Act

2. WCG colludes with another company to stop offering family plan discounts - Sherman Antitrust Act

3. WCG decides to advertise a new plan that is 75 percent off the regular plan, even though it is only 20 percent less - Wheeler-Lea Act

4. WCG promises retail consumers a "wholesale" rate, even though it is the same price as always - Wheeler-Lea Act

5. WCG wants to attract more women to its plans and starts offering female consumers 30 percent off their bill - Robinson-Patman Act

6. WCG offers a discount to teenage males in an effort to get customers from its more trendy competitor - Robinson-Patman Act

5 0
3 years ago
I am trying to understand the Opportunity cost. Can anyone help me please? I can't seem to get Economics, I really need help. Yo
sesenic [268]
<span>Basically "Opportunity cost" is what you're going to lose (or have a potential to lose) if you chose a different action than what you're presented with. In the example, you're working for $15 an hour, but if you decide instead to skip a pratrice to go to the fair you're losing out of the $15 an hour you'll be paid and have to pay $9 to go to the fair. All total, you're opportunity costs for that will be $24 (fifteen you would have made plus the nine dollar fee.) This is also assuming, of course, they don't fire/dock you for just skipping work.</span>
8 0
3 years ago
Mo has a credit card that gives a 3% discount on every purchase. The annual percentage rate on the card is 12%. He is purchasing
Luden [163]

Answer:

If Mo pays cash, the cost of the purchase will be $140.

If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $135.80.

Explanation:

If Mo pays cash, it implies that she does not get the 3% discount she is entitled to, with the use of her credit card.  Therefore, she will bear the full cost.  However, if she uses the credit card, the discount is $4.20 ($1540 * 97%) and she will pay only $135.80 as the discounted price of the electronic reader.

5 0
3 years ago
Read 2 more answers
Which of the following is a difference between flow shops and job shops? a. Unlike flow shops, job shops require little or no se
andrew11 [14]

The difference between flow shops and job shops is that unlike flow shops, job shops require frequent machine changeovers and delays.

<h3>What is a job shop?</h3>

The shops, which specialize and are involved in the manufacturing and production processes, which are typically medium-sized enterprise, and conduct different types of job after the completion of one, are job shops.  

Hence, option C holds true regarding a job shop.

Learn more about a job shop here:

brainly.com/question/15222686

#SPJ1

5 0
2 years ago
Which of the following is one of the tasks a network risk analyst might complete?
Alona [7]

Answer:

\boxed{\bold{Recommend \ stronger \ security \ to \ a \ firm}}

Explanation:

  • <u>Recommend stronger security to a firm</u>

A network risk analyst does not write code. They do not design new websites, apps, develop code or write script. Their job is to evaluate and calculate potential risks a website or network might have. Once they have their data and information, they send that information in to their headquarters. The analyst might recommend stronger security to a firm if his data shows potential risks or hazards. A network risk analyst does not work with developing websites, codes or tech. They simply record and state potential harm or hazards toward a website(s).

- Mordancy

8 0
3 years ago
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