Answer- True.
<span>In agreement with lots of consumer advocates one should
not furnish his/her apartment by going to a rent to own company, this is
because the budget of renting to own is much more costly than the cost of
buying. The finance charges strained out after a while can at times make the
product cost nearly twice or more. </span>
The correct answer is Riverside will pay FUTA - $420 and SUTA - $336. Harrison will pay FUTA - $420 and SUTA - $408.
When completing this question it is important to know that the FUTA tax rate for 2019 is 6% on the first $7,000 of earnings each year.
Riverside Country Club will pay FUTA at 6% of $7,000 and SUTA of 4.2% of $8,000.
FUTA = $420
SUTA = $336
Harrison Furniture Company will pay FUTA at 6% of $7,000 and SUTA of 5.1% of $8,000.
FUTA = $420
SUTA = $408
The present value is $450,000, and we have 4% annual interest over 10 years. Since we are looking at monthly payments, we further divide the 10 years into 120 months. The monthly interest is calculated as:
(1.04) = (1+i)^12
i = 0.003274
Then using the formula for periodic payments:
PP = PV*i*(1+i)^n / [(1+i)^n - 1]
PP = (450,000)*0.03274*(1.03274)^120 / (1.03274^120 - 1)
PP = $4540.75
Therefore, the monthly payment is $4,540.75.
Answer and Explanation:
A. Stakeholders in the situation are:
1. Ellyn
2. The company
3. People using the financial statements
B. Ethical issues include:
1. Ellyn being dishonest by adding $1000 to the equipment asset and mistating the numerical value. This could cause loss as the $1000 could be from a liability account
C. Alternatives:
1. Creating a suspense account for the difference of $1000
2. Postponing finalisation and escalating the issue to a senior accountant to find out where the difference is from
Answer: Wholesalers
Explanation: In simple words, push pull strategy refers to the flow of the merchandise from different levels of supply chain management. Wholesalers refers to an individual or an entity that produces a commodity at large quantities to ultimately sell it to retailers of that commodity.
In the given case,the rues and west were producing the commodities in large quantities and are supplying it to their stores where it is further sold to retailers.
Hence they are wholesalers.