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3 years ago

6. Which of the following payday frequencies provides employees with the smoothest cash flow?

1 answer:

4 0

The best payday frequency that provide employees with the smoothest cash flow is WEEKLY.

Biweekly means every 2 weeks.
Semi-Monthly means every 15th and 30th of the month.
Monthly means every 30th of the month.

Expenses are incurred daily and the best payday frequency is weekly because you will not have to scrimped and save so much until the next payday. In the event of emergencies, you can easily borrow money with the assurance that it can be paid before the week ends.

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Bamba Corporation's cost formula for its selling and administrative expense is $47,900 per month plus $52 per unit. For the mont

Oksanka [162]

I think it is D
Hope my answer help you

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3 years ago

In the context of the external environment of an organization, the task environment: a. is formed by the interaction among a com

Wittaler [7]

Answer:

In the context of the external environment of an organization, the task environment: includes the sectors that conduct day-to-day transactions with the organization.

Explanation:

In an organization setting, what is tagged as external environment entails the sectors that transacts with the organization on a day-to-day routine. Their forms of relationship on daily basis makes them to serve as external environment, they could be clients as the case may be.

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3 years ago

Mr. Rational has $27 that he plans to spend purchasing 5 units of good X (priced at $3 per unit) and 6 units of good Y (priced a

allsm [11]

Answer:

Option A, buy less of X and more of Y is correct.

Explanation:

The amount that Mr. Rational is going to spend = $27

Quantity of good X = 5 units

Price of good X (Px) = $3 per unit

Marginal utility of 5th unit of X (MUx) = 30

Quantity of good Y = 6 units

Price of good Y (Py) = $2 per unit

Marginal utility of 6th unit of Y (MUy) = 18

$Now \ find \ \frac{MUx}{Px} = \frac{30}{3} = 10 \\$

$Now \ \frac{MUy}{Py} = \frac{18}{2} = 9$

$Since \ the \ \frac{MUx}{Px} is \ greater \ than \ \frac{MUy}{Py}.$

So good x will be substituted for y in order to reach the consumer equilibrium.

$\frac{MUx}{Px} = \frac{MUy}{Py}$

Thus, Option a. buy less of X and more of Y is correct.

4 0

3 years ago

On April 1, 2021, the Electronic Superstore borrows $23 million of which $7 million is due in 2022. Show how the company would r

Serggg [28]

Answer:

Long term liabilities is $23,000,000

Explanation:

Electronic Superstore

Balance Sheet (Not Full) at December 31, 2021

Details Amount ($)

Current liabilities NA

Long-term liabilities <u> 23,000,000 </u>

Total liabilities <u> 23,000,000 </u>

Note that the $7 million will due in 2022 not in 2021. Therefore, this does not effect on the 2021 balance sheet entries.

4 0

2 years ago

On January 1, 2018, Ameen Company purchased major pieces of manufacturing equipment for a total of $36 million. Ameen uses strai

vfiekz [6]

Answer:

1.31-Dec-21

Dr Income tax expense $12.50

Cr To Income taxes payable $11.00

Cr To Deferred tax liability $1.50

2.$37.50 million

Explanation:

1. Preparation of the appropriate journal entry to record Ameenâs 2021 income taxes. Assume an income tax rate of 25%.

Depreciation as per books for 2021 = $30 - $28 Depreciation as per books for 2021= $2 million

Depreciation as per tax for 2021 = $20 - $12

Depreciation as per tax for 2021 = $8 million

Taxable income = $50 + $2 - $8

Taxable income = $44 million

JOURNAL ENTRIES - Ameen Company (In million)

31-Dec-21

Dr Income tax expense $12.50

Cr To Income taxes payable ($44*25%) $11.00

Cr To Deferred tax liability ($6*25%) $1.50

(To record income tax expense)

2. Calculation to determine What is Ameenâs 2021 net income?

Ameen's 2021 net income = $50 - $12.50

Ameen's 2021 net income = $37.50 million

Therefore Ameen's 2021 net income is $37.50 million

6 0

3 years ago