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gregori [183]
3 years ago
15

A factory worker earns $500 per week and will receive a $2,000 bonus at year-end, a 2-week paid vacation, and 5 paid holidays. T

he combined amount of the accruals for bonus, vacation, and holiday pay in the weekly payroll would be:
Business
1 answer:
Scorpion4ik [409]3 years ago
5 0

Answer:

$70

Explanation:

Data provided in the question:

Earnings per week = $500

Bonus received per year = $2,000

Paid vacation = 2 weeks

Paid holidays = 5

Now,

Since  the workers have 2 weeks of vacation the fringe benefit will be calculated for 50 weeks  

[as 1 year have 52 weeks, so  52 - 2 weeks = 50 weeks]

Now,

Bonus per week = $2,000 ÷ 50 weeks

= $40 per week

Vacation pay for the year = Earning per week × Total vacation per year

= $500 × 2 weeks =  $1,000

Thus,

Vacation pay per week = $1,000 ÷ 50 weeks

= $20 per week

since there are 5 days working in a week

Holiday pay per day = $500 ÷ 5 days

= $100 per day

Thus,

Total holiday pay for a year =  Holiday pay per day × total holidays per year

= $100 × 5

= $500

Therefore,

Holiday pay per week = $500 ÷ 50 weeks

= $10 per week

Hence,

Combined amount of accrual

= $40 + $20 + $10

= $70

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3 0
3 years ago
Rudy's, Inc. and Blackstone, Inc. are all-equity firms. Rudy's has 1,500 shares outstanding at a market price of $22 a share. Bl
aleksandr82 [10.1K]

Answer:

Merger premium per share is equal to $2

Explanation:

Step 1. Given information.

  • 1500 shares outstanding
  • market price of 22
  • Blackstone has 2.500 shares
  • Outstanding price 38
  • Blackstone acquire Rudy's for $36.000

Step 2. Formulas needed to solve the exercise.

Merger premium per share = (Blackstone acquire Rudy's /shares outstanding) - market price

Step 3. Calculation.

Merger premium per share = ($36,000/1,500) - $22 = $2

Step 4. Solution.

Merger premium per share is equal to $2

8 0
3 years ago
The statement "measuring rods and coiled rope," which connotes the ruler's capacity to build social order and render judgments,
Oksi-84 [34.3K]

Answer:

a. stele of Hammurabi

Explanation:

7 0
3 years ago
Silver Enterprises has acquired All Gold Mining in a merger transaction. The following balance sheets represent the premerger bo
tamaranim1 [39]

Answer:

                   Silver Enterprises Post Merger Balance Sheet

Current Assets                  12,920    Current liabilities          10,460

Other Asset                       4,480      Long-term debt            19,770

Net Fixed Asset                24,810     Equity                           17,450

Goodwill                            <u>5,470  </u>                                           <u>              </u>

                                         <u>$47,880</u>                                         <u>$47,680</u>

Explanation:

Current assets = 10,000 + 2,920 = 12,920

Other assets = 3,100 + 1,380 = 4,480

Current liabilities = 7,840 + 2,620 = 10,460

Net fixed assets = 17,300 + 7,510= 24,810

Long-term debt = 5,110 + 14,660  = 19,770

Equity = $17,450

8 0
3 years ago
"Nanci purchases all of the assets of Michael's Security Service for $200,000. The assets are as follows: Asset Adjusted Basis F
maxonik [38]

Answer:

option (b) $35,556

Explanation:

Given:

Cost of purchase of assets = $200,000

Asset            Adjusted Basis        Fair Market Value

Inventory      $25,000                     $50,000

Equipment   $60,000                     $40,000

Supplies       $20,000                     $20,000

Building        $80,000                     $95,000

Land             $10,000                      $20,000

Total            $195,000                    $225,000

Now,

since, fair market value is greater than Basis,

Percentage FMV on Equipment =\frac{\textup{FMV for equipment}}{\textup{Total FMV}}\times100\%

⇒ Percentage FMV on Equipment = \frac{\$40,000}{\textup{225,000}}\times100\%

= 17.77%

thus,

Nanci's basis in the equipment = Percentage FMV × Assets

= 17.77% × $200,000

= $35,555.56  ≈ $35,556

Hence,

The correct answer is option (b) $35,556

6 0
3 years ago
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