Answer: $9,203
Explanation:
Witheld tax amount by company:
Social security = $5,800
Medicare tax = $1,450
Total Earning subject to unemployment compensation tax = $31,500
Federal Unemployment tax rate = 0.8%
State Unemployment tax rate = 5.4%
Federal Unemployment tax amount = 0.008 × $31,500 = $252
State Unemployment tax amount = 0.054 × $31,500 = $1,701
Total payroll tax expense :
(social security + Medicare tax + federal unemployment tax + state unemployment tax)
$(5,800 + 1,450 + 252 +1701)
= $9,203.
Answer:
The restaurant earned a profit of $1145.56 which is approximately $1146
Explanation:
the formula is given as:
Q x (sale price – material cost) – ( rental + insurance)/day - loss
Q = 200
Sale price = $10
Material cost = $4
rental = $116
insurance = $45
lost sale expense = $4
day = 25
increased demand = 212
= 200(10 - 4) - (116 + 45)/25 - (212 - 200)4
= 200(6) - 6.44 - 48
= 1200 - 6.44 - 48
= $1145.56
<em>This is approximately $1146</em>
Answer:
B. $450
Explanation:
Interest rate = 9% = 0.09
Account receivable = $20,000
Interest = 0.09 x 20,000
= $1,800
At December 31, Black should record interest revenue of
1,800 x (90/360)
= 1,800 x 0.25
= $450
The answer is $450
Answer:
The total Present value of the stream of the firm cash flow is $79,348
Explanation:
Complete Question is as follows "Find the present value of the following stream of cash flows assuming that the firms opportunity costs is 9 percent.
1-5 years - $10,000 - Annual
6-10 years - $16,000 - Annual
Year Cash flow$ PVF at 9% Present Value$
[ 1/ (1+0.09)^n ]
1 10000 0.9174 9174
2 10000 0.8417 8417
3 10000 0.7722 7722
4 10000 0.7084 7084
5 10000 0.6499 6499
6 16000 0.5963 9540.8
7 16000 0.547 8752
8 16000 0.5019 8030.4
9 16000 0.4604 7366.4
10 16000 0.4224 <u>6758.4 </u>
Total <u>$79,348</u>
Answer:
The false statement is letter "A": We say a portfolio is an efficient portfolio whenever it is possible to find another portfolio that is better in terms of both expected return and volatility.
Explanation:
An effective portfolio is a portfolio with the highest expected revenue for a given risk level or a portfolio with the lowest risk level for a given expected revenue. When the portfolio has reached either one of the two points it is said that it has reached its efficient frontier.
In that case, option "A" is false since the portfolio efficiency has nothing to do with the similarity it may have with another one.
