Answer:
Date Account Titles and Explanation Debit Credit
Cash $27,500
Common stock $27,500
(Being shares issued at cash price recorded)
Common stock = 2,500 shares * $11
Common stock = $27,500
You must pay two types of taxes on earned income: Social Security/Medicare taxes (called FICA, OASDI, or payroll taxes) and income taxes. The payroll taxes that are withheld from your paycheck have two components.
Answer:
i will destroy you
Explanation:
i am the goat at that game and 2K 20
Answer:
Particulars Amount
Raw material used $18,600
Add: Direct labor $26,600
<u>Overhead costs</u>
Factory supplies $3,100
Plant depreciation $6,800
Indirect labor $8,600
Utilities ($10,600*80%) <u>$8,480</u>
Total overhead cost <u>$26,980</u>
Total manufacturing costs <u>$72,180</u>
Answer:
Dollar profit loss = $3
Holding period return = negative 9%
Explanation:
In order to find the dollar profit or loss return we will add the dividend and selling price because that the dividend plus the selling price is the cash that Travis receives or the positive cash and we will subtract the buying price from it because it is the negative cash flow. So we will add all the positive cash flows and subtract negative cash flow from it in order to find the dollar profit loss or return.
Selling price = 27.65
Dividend = 0.85
Selling price + Dividend= 28.5
Selling price = 31.50
Dollar profit loss or return = 28.50-31.5=-3
Loss= $3
In order to find the holding period return we will divide add the dividend and selling price , subtract buying price from it and then divide it by buying price.
(27.65+0.85-31.5)/31.5= -0.09 = -9%
Holding period return = negative 9%
