Answer:
a. $1553
b. $1,303
c. $5,618
Explanation:
SUTA is 5.4% for employees if the total salary is below $7,000
In the provided scenario the salary is less than that as $7,000/6 employees = $1,167 each employee. The maximum salary is $1,100 in the scenario.
a.
SUTA = $7,000 * 5.4%
SUTA = $378
Retirement Fund = $75
Gross Salary = $1,100
$378 + $75 + $1,100 = $1553
b.
SUTA = $7,000 * 5.4%
SUTA = $378
Retirement Fund = $75
Gross Salary = $850
$378 + $75 + $850 = $1,303
c.
SUTA = $7,000 * 5.4%
SUTA = $378 * 6 employees
SUTA = $2,268
Retirement Fund = $75 * 6 employees
Retirement Fund = $450
Gross Salary = $150 * 4 employees
Gross Salary = $600
Gross Salary = $1,150 * 2 employees
Gross Salary = $2,300
Total Gross Salary = $2,900
Total Gross Pay = $2,268 + $450 + $2,900
Total Gross Pay = $5,618
Given:
<span>accounts receivable of $244,000
allowance for uncollectible accounts of $1,350 (credit)
1% of the accounts receivable should be the value of the allowance for uncollectible accounts.
244,000 x 1% = 2,440
2,440 - 1,350 = 1,090
Adjusting entry:
Debit Credit
Bad Debt Expense 1,090
Allowance for uncollectible accounts 1,090</span>
Answer:
a. Quality Software - Prescriptive Analytics
b. ABC Supermarket - Descriptive Analytics
c. Global Hospitality - Diagnostic Analytics
d. XYZ - Predictive Analytics
e. Manufacturing - Descriptive Analytics
Explanation:
Descriptive analytics is the strategy which uses the past data and creates a summary for historical data to create future analysis.
Predictive Analytics is the strategy which uses statistical calculations and models to predict the future.
Diagnostic Analytics is the strategy which the analyst observes the past event and then examines why certain situation happened. This is used by analysts to make sure that historic mistakes are not repeated.
Prescriptive Analytics is the strategy in which strategic planning is made after the operational activities are analyzed and then strategies are formed in order to plan future performance.
Answer:
All the answers are right
Explanation:
A.To provide a hedge against inflation. : in an inflationary economy, a company can invest in inventory in order to be prepared for the higher prices of raw materials to come. So they can maintain the company´s profit.
B. To tightly synchronize production and distribution processes: inventory of final products can help to minimize the effects of unexpected production problems.
C. To ensure that item cost is maximized: A company can buy a bulk of raw material since the cost of a large number of units is lower. So the final product's cost will be maximized.
D. to tightly synchronize a firm's production with its customers' demand: for example in a seasonal demand, There are certain months when the demand exceeds the production capacity. In theis case, in the lower season months, the company will be increasing the inventory in order to meet the demand when the high season comes.
Answer: A. consumer expectation of an increase in their future income.
Explanation:
The supply curve is simply a graph that shows the relationship that is between the price of a particular good and the amount of quantity that is supplied.
A leftward shift in the supply curve for a good simply means that less of that good is supplied. All tye options will cause less of the goods to be supplied except consumer expectation of an increase in their future income.
