Answer:
off-peak pricing
Explanation:
Off-peak pricing is defined as the type of pricing where there is a lower charge for services when there is less flow of customers. It provides an incentive to keep customers that patronise a business when there is less demand.
When there is a rush or higher demand the price can now go higher.
In the given scenario where commuters in New York install radio frequency identification (RFID) devices on their cars that can be read automatically as they approach a toll booth. Also New York authorities the opportunity to manage traffic flow by charging different toll amounts for different times of day.
This is an off-peak pricing system
Answer:
a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 5.4%; federal unemployment, 0.8%.
b. Journalize the entry to record the accrual of payroll taxes. If an amount box does not require an entry, leave it blank.
- Dr FICA Social Security expense 6,600
- Dr FICA Medicare expense 1,650
- Dr Federal unemployment tax expense 200
- Dr State unemployment tax expense 1,350
- Cr FICA Social Security payable 6,600
- Cr FICA Medicare payable 1,650
- Cr Federal unemployment tax payable 200
- Cr State unemployment tax payable 1,350
Explanation:
payroll taxes should be:
social security $110,000 x 6% = $6,600
Medicare $110,000 x 1.5% = $1,650
federal unemployment $25,000 x 0.8% = $200
state unemployment $25,000 x 5.4% = $1,350
total = $9,800
Both employees and employers must pay equal amounts of FICA taxes (social security and medicare), but only employees pay unemployment taxes.
Answer:
Variable overhead efficiency variance= $544 favorable
Explanation:
Giving the following information:
Variable overhead 0.90 hours $ 3.40 per hour
Actual output 4,400 units
Actual direct labor-hours 3,800 hours
<u>To calculate the variable overhead efficiency variance, we need to use the following formula:</u>
<u></u>
Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate
Variable overhead efficiency variance= (3,960 - 3,800)*3.4
Variable overhead efficiency variance= $544 favorable
Standard quantity= 4,400*0.9= 3,960
Answer:
(1) Shen spends $200 to purchase legal service from Rowan and Martin. Associates - Dollars
(2) Valerie spends $8 to order a mojito cocktail - Dollars.
(3) Shen earns $375 per week working for Little Havana - Inputs.
Explanation:
<em>(1) & (2) statements in the "Answer" above</em> are <em>purchase on cash </em>transactions. Hence, they imply the flow of <em>dollars</em> from the household to the firm.
<em>(3) statement in the</em> <em>"Answer" above</em> implies giving of <em>factor input labor services</em> by Shen to Little Havana. Hence, it indicates the flow of <em>inputs </em>from the household to the firm.
Answer: Fixed payment
Explanation: Usually loans come with a variable interest rates, that change over time or fixed rates. When it’s a fixed rate, you will have to pay the same amount (not changing) interest rate over the period of the loan. Interest rates Are usually affected by changes constantly because the economy grows and contracts. But with a fixed rate, your loan is not affected by those changes. This is same as the example no matter how many computers monitors he produces in a month his lease doesn’t increase because it is fixed.
