All categories

3 years ago

A statement of an employee's biweekly earnings is given below.

Business

1 answer:

jek_recluse [69]3 years ago

5 0

Answer:

$ 726.80

Explanation:

Gross payment means the total amount of money made by an employee or received by an employee before any deductions such as taxes, insurance, social security and others is removed.

Total amount received by the by employee = $ 62 + $ 45.06 + $ 10.54 + $ 12.40 + $ 596.80 = $ 726.80

You might be interested in

Over the past 100 years or so, Binney and Smith's Crayola crayons have become household staples in more than 80 countries around

Vesna [10]

Answer: Maturity stage

Explanation:

Maturity stage tends to occur after growth and introduction stages. Maturity stage is known as one of the longest stages of product life cycle. Under this stage, the sales growth tends to decline; the organization tends to reach the highest point under a demand cycle; and thus advertising strategies tend to have a minimal impact on their sales growth.

4 0

3 years ago

Read 2 more answers

g An increase in demand is represented by a a. movement downward and to the right along a demand curve. b. movement upward and t

Lana71 [14]

Answer: c. rightward shift of a demand curve.

Explanation:

When there is movement along the demand curve, this is due to a change in the price of the good.

However, an increase in demand is noted by a rightward shift in the Demand curve. This is to signify that the demand has changed even though the price had remained the same. This shift is meant to signify that something else apart from price has caused an increase in demand such as an increase in income. After the shift, the price will have to change to reflect a new Equilibrium which will be the new intersection point with the Supply Curve.

I have attached a graph showing what happens when Quantity Demand increases.

4 0

3 years ago

Raner, Harris & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm h

Snezhnost [94]

Answer:

The Break Even Point is the Sales Value that will cover the cost of production. Meaning the Sales Value that will bring profitability to Zero

Break Even sales for Company wide = $378,000

Break Even Value for Chicago is $111,429

And Break Even Value for Minneapolis is $120,000

The Addition of both Outlets/Offices Break Even Sales is less than the Company-wide because the Offices don't share in the Common Fixed Expense as these are specific to Group reporting.

Explanation:

6 0

4 years ago

On November 1, 2017, Blue Company borrowed from Yellow Bank and received a 9-month note for $60,000 at a 5% interest rate. Inter

frutty [35]

Answer:

In the books of Blue Company:

November 1, 2017:

Debit Cash $60,000

Credit Note payable $60,000

(To record borrowed note from Yellow Bank)

December 31, 2017:

Debit Interest expense $500

Credit Interest payable $500

(Interest expense recognition on note for 2 months)

August 1, 2018:

Debit Note payable $60,000

Debit Interest payable $2,250

Credit Cash $62,250

(To record settlement of note at maturity)

In the books of Yellow Bank:

November 1, 2017:

Debit Note receivable $60,000

Credit Cash $60,000

(To record note receivable from Blue Company)

December 31, 2017:

Debit Interest receivable $500

Credit Interest revenue $500

(Interest revenue recognition on note for 2 months)

August 1, 2018:

Debit Cash $62,250

Credit Note receivable $60,000

Credit Interest receivable $2,250

(To record note collection at maturity)

Explanation:

Note receivable is a promissory note with a written promise made by the borrower to the lender (payee) to pay a certain, definite sum at a specified date.

Interest expense / revenue on the notes is calculated as: Principal x Interest Rate x Time

In this case, the total interest expense / revenue is $60,000 x 5%/12 x 9 months = $2,250.

Monthly interest expense / revenue is therefore $2,250 / 9 months = $250.

Therefore, interest expense / revenue recognition for 2 months will be $250 x 2 months (November 1 - December 31) = $500.

8 0

4 years ago

Grib Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. The pred

gregori [183]

Answer:

$270,000

Explanation:

Calculation of total manufacturing cost assigned to Job 436

Direct Materials

Dept A $50,000

Dept B $10,000

Direct Labor

Dept A ($80,000 x 1/2) $40,000

Dept B $60,000

Manufacturing Overheads

Dept A $80,000

Dept B ($60,000 x 50%) $30,000

Total $270,000

Therefore,

The total manufacturing cost assigned to Job 436 was $270,000.

8 0

3 years ago