<u>Answer:</u>Net Bi weekly pay is $519
<u>Explanation:</u>
Calculation of weekly pay
Given
No of hours 20
Per hour pay $15
Weekly pay = 15 x 20
=$300
Payment received is bi weekly so it is $600 for two weeks.
Calculation of bi weekly net pay
Federal income tax rate (600 x 4.87%) $29
State income tax rate (570 x 1.04%) $6
FICA and state insurance taxes (564 x 7.65%) $46
Total deductions $81
Net pay = Bi weekly salary - deductions
=600-81
=$519
Net Bi weekly pay or take home after deductions is $519
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Answer:
The correct answer is: contribution margin per unit increase, contribution margin ratio no change.
Explanation:
In any organization when planning operations, the executives of a company try to discover the total of its costs and achieve a surplus as a return to the resources that the shareholders have put at the service of the organization. The point at which the income is equal to its costs is called BALANCE POINT in it there is no loss or profit.
In the planning task, this point is an important reference, since it is a limit that influences to design activities that lead to always be above it, as far as possible, in the place where you obtain the highest proportion of utilities.
The breakeven point is determined by dividing the total fixed costs by the contribution margin. The contribution margin is the excess of income with respect to the variable costs; It is the part that contributes to cover fixed costs and provides a utility.
In the case of the breakeven point, the company's total contribution margin is equal to the total fixed costs; There is no utility or loss.
The breakeven point is located where revenues are equal to costs.
Answer:
6%
Explanation:
Data provided as per question is as given below:-
Redeemed amount = $1,000
Sale value of Bond = $687.25
Number of year = 5
The computation of interest rate is as shown below:-
Interest rate = (Redeemed amount ÷ Sale value of bond) ^ (1 ÷ Number of Year) - 1
= (1,000 ÷ 747.25) ^ (1 ÷ 5) - 1
= (1.338) ^ (0.2) - 1
= 0.06
= 6%