Answer:
Gross earnings = $600
Net pay = $466.10
Explanation:
The computation of the gross earnings and the net pay is shown below:
Gross earnings
40 hours × $10 = $400
10 hours × $20 = $200
So, the total = $600
Since tami worked for 50 hours, 10 hours extra so $20 is paid for 1 hours extra. So, for 10 hours it would be $200
Net pay
Gross earnings $600
less: federal income tax withholding -$88
Less: FICA tax rate @7.65% on $600 - $45.90
Net pay $466.10
Answer:
6%
Explanation:
The computation of the margin of safety percentage is shown below;
The Contribution margin ratio is
= Contribution margin ÷Sales
= ($675,00 ÷ $270,000)
= 0.25
Now breakeven point in dollars is
= Fixed cost ÷ Contribution margin ratio
= ($63,750 ÷ 0.25)
= $255,000
We know that
Margin of safety = Total sales - Breakeven sales
= ($270,000 - $255,000)
= $15,000
Now Margin of safety % is
= MOS ÷ Total sale
= ($15,000 ÷ $270,000)
= 5.56%
= 6%
The main purpose of the sales budget is to achieve the financials objectives of the sales department.
<h3>What is a
sales budget?</h3>
This refers to a financial plan that estimates a company's total revenue in a specific time period.
<h3>What is the Schedule of expected cash collections?</h3><h3> Hillyard Company</h3><h3> Sales Budget</h3><h3> For the Quarter ended march 31</h3><h3> Jan Feb Mar Quarter</h3>
Budgeted Sales $400,000 $600,000 $300,000 $1,300,000
Total Budgeted Sales $400,000 $600,000 $300,000 $1,300,000
Read more about sales budget
<em>brainly.com/question/27207594</em>
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Answer:
LESSER THAN
Explanation:
During the Great Depression, it was a period of recession that meant that investments were low and less than savings which meant that 'household' was unwilling to invest its money as it had lost confidence in the American economy. This will lead to Aggregate Demand being Lesser than Aggregate Supply as consumption fell drastically during the great depression
Answer:
The balance in retained earnings will be $3,810
Explanation:
For computing the ending balance of the retained earning, first, we have to compute the net income
So, the net income would be equal to
= Service revenue + interest revenue - Salaries and wages expense - Travel expense
= $206 + $31 - $90 - $37
= $110
Now we can find out the ending balance of retained earnings. It is shown below:
= Beginning retained earning balance + net income - dividend paid
= $3,700 + $110 - $0
= $3,810
