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3 years ago

Markup represents an amount needed to cover operating expenses. a. True b. False

1 answer:

8 0

Operating expenses are taken from the normal business operation such as administrative or selling expense. It is part of the operating cost. Markup is defined as the amount added to the cost of goods to fix a selling price. So, to answer the question above: True.

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2. Marcus Gardner is buying a new computer

kompoz [17]

Answer:

A $155.94

Explanation:

A down payment is an initial payment that is paid cash to the buyer. It is the same as the deposit. Marcus must have been buying the compute of credit. The down payment or deposit shows that the customer is serious about buying the item.

The deposit that Marcus paid is 12%.

The cost of the new computer is $1,229.50

The deposit will be 12% of $1,229.50

=12/100 x $1,229.50

=0.12 x $ 1,229.50

=$155.94

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3 years ago

4. if you have two children, ages 2 and 4, how much should you record in step 3 of the form? (3 points)

Minchanka [31]

Based on the information provided, you should record two (2) dependents in Step 3 of the W-4 form.

A W-4 form simply refers to an internal revenue service (IRS) tax form which is used in the United States of America, so as to indicate the correct federal income tax that should be withheld from an employee's paycheck.

In Step 3 of the W-4 form, an employee is expected to indicate whether or not he or she has dependents. Thus, an employee would write (record) the number of dependents he or she has in Step 3 of the W-4 form.

In this scenario, we can logically conclude that you should record two (2) dependents in Step 3 of the W-4 form because you've two (2) children, aged 2 and 4.

Read more on W-4 form here: brainly.com/question/15507745

#SPJ1

4 0

2 years ago

5. John has two ATM transactions but only one of them has a fee (Interac). 1 point

Helga [31]

Answer:

You can withdraw by automatic electronic transfer, check, ATM card or debit card. There are many ways these days to withdraw money from your accounts. Let's go over each.

Explanation:

6 0

3 years ago

b. Now suppose instead that housing credits are withdrawn gradually at a rate of $500 for each $1,000 that someone is earning ab

zavuch27 [327]

Answer: $0

Explanation:

Layla qualifies for $8,000 in housing credits.

These are withdrawn at $500 for every $1,000 she earns above the wage limit of $26,500

Layla's annual income = 35,000 + 7,500

= $42,500

Amount earned above limit = 42,500 - 26,500

= $16,000

Amount of housing credit withdrawn is $500 per thousand so for $16,000, $8,000 will be withdrawn from her housing credit.

Housing credit = 8,000 - 8,000

= $0

5 0

3 years ago

Abbott Company uses the allowance method of accounting for uncollectible accounts. Abbott estimates that 4% of credit sales will

OverLord2011 [107]

Answer:

$3760

Explanation:

Calculation to determine the December 31 balance in Bad Debt Expense

Using this formula

Bad debt expense = Credit sales × Uncollectible percentage

Let plug in the formula

Bad debt expense= $94,000 × 4%

Bad debt expense= $94,000 × 0.04

Bad debt expense= $3760

Therefore the December 31 balance in Bad Debt Expense will be $3760

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3 years ago