Answer:
A. $6,200
Explanation:
We multiply the taxable wages by the tax rate of each tax.
FICA 80,000 x 7% = 5,600
Unemployment 20,000 x 3% = 600
This will be share of Cado in the payroll taxes. 6,200
The total taxes, would include the employee FICA. but we aren't asked for that. Just for the employee
Answer:
A.selling common stock.
Explanation:
A business raises capital through debt or equity. Debts represent borrowed funds, which include bonds and loans. Equity represents the owner's funds, which comprises of shares and retained earnings.
Should a business not have enough funds for its long term needs, it can sell more shares to the existing shareholders or the general public. Shares represent ownership of the company. Selling common stock means that the company will receive the funds it requires in exchange for ownership rights. Shareholder earns dividends as a reward for providing capital to businesses.
Answer:
2.4
Explanation:
Frontier corporation sells unit for $57
The unit variable cost is $29
Fixed cost is $164,000
Frontier sells 10,000 units
The first step is to calculate the contribution margin
= 57-29×10,000
= 28×10,000
= 280,000
Profit = 280,000-164,000
= 116,000
Degree of operating leverage can be calculated as follows
= 280,000/116,000
= 2.4
Answer:
Journalize the transactions is given below
Explanation:
given data
Issued = 66,500 shares
cash = $6 per share
Issued = 41,500 shares
cash = $8 per share
solution
we get here Journalize the transactions
and we assuming that the common stock has a par value of $6 per share
so
Jan. 10 cash is 66,500 × 6 = 399000
and cash for July 1 is = 41,500 × 8 = 332000
and common stock = 41,500 × 6 = 249000
paid in capital excess = 332000 - 249000 = 83000
Date Account Titles Debit Credit
Jan. 10 cash 399000
common stock 399000
July 1 cash 332000
common stock 249000
paid in capital excess 83000
