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3 years ago

A characteristic of FICA is that:

Business

1 answer:

stepladder [879]3 years ago

8 0

Answer:

The correct answer is letter "A": None of these.

Explanation:

The Federal Insurance Contributions Act (FICA) is a U.S. law that requires a paycheck deduction to be paid to Social Security and Medicare. Employers and employees share half the payments. Self-employed people are responsible for the entire tax amount.

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Andrea, an enterprising individual, wants to open a store in her town. She wants her store to be of the same type as a popular c

uysha [10]

Answer:

D. Franchisee

Explanation:

A franchisee can be defined as an individual who is a small business owner who operates a franchise. A franchisee is given license by the franchisor to run a business under the franchisor's trade mark, trade name and method of operations. A franchise is a business in which the owners sell the rights to their business trade mark, trade name, logo and method of operations to a third party outlet or individuals owned separately by who we refer to as the franchisee. In this case, Andrea wants to become a franchisee by opening the same type of popular coffee chain in her town that is found in a nearby town.

6 0

3 years ago

Ives Corp. has an inventory period of 22.4 days, an accounts payable period of 36.5 days, and an accounts receivable period of 3

leva [86]

Answer:

The Company's cash cycle is 17.3 days

Explanation:

The cash cycle is computed by the following formula:

Receivable No of days+ Inventory No of days- Payables No of days

31.4 days + 22.4 days - 36.5 days = 17.3 days

In the above question, Ives Corp is making an efficient operation of its cash resources. The payables are more than inventory, so the payables are financing the inventory as well as partly the receivables.

4 0

3 years ago

Jake Werkheiser decides to invest $5000 in an IRA at the end of each year for the next 12 years. If he makes these investments,

Oxana [17]

Answer:

Jake Werkheiser will have $170,322.48 at the end of 12 years.

Explanation:

We use the following formula to find the future value,

$S=R[\frac{(1+i)^n-1}{i}](1+i)$

S= future value

R= yearly payment =$5000

i= rate of interest = 9%=0.09

n =time =12 years.

Now putting the value of i, n, R

$S=5000[\frac{(1+0.09)^{12}-1}{0.09}](1+0.09)$

=$170,322.48

Jake Werkheiser will have $170,322.48 at the end of 12 years.

5 0

3 years ago

You own 100 shares a $50 par value preferred stock. The stock has a 12% dividend rate, and a current market price of $85 per sha

andriy [413]

Answer:

Option (a) is correct.

Explanation:

Value of stock:

= Present value of all cash flows

$=Dividend[\frac{1-\frac{1}{(1+r)^{n} } }{r}] + Par\ value[\frac{1}{(1+r)^{n} }]$

$=50\times 0.12[\frac{1-\frac{1}{(1.08)^{5} } }{0.08}] + 50[\frac{1}{(1.08)^{5} }]$

= $6 × 3.9927 + $50 × 0.6806

= $23.96 + $34.03

= $57.99 or $58

5 0

3 years ago

Gary has an 80% LTV loan on his new $318,000 townhome with an annual interest rate of 4.125%. What’s his interest payment the fi

Mumz [18]

Answer:

interest amount = $874.50

Explanation:

given data

LTV loan = 80%

amount = $318,000

interest rate = 4.125% = 0.04125

to find out

interest payment the first month

solution

first we get here loan amount that is

loan amount = 80% of $318,000

loan amount = $254,400

now we get here interest amount for 1st month that is

interest amount = loan amount × interest rate × time period

put here value

interest amount = $254,400 × 0.04125 × $\frac{1}{12}$

interest amount = $874.50

3 0

3 years ago