Answer:
Social security : $210.8
Medicare: $49.3
Explanation:
Social security tax and medicare are calculated based on the gross income.
Richards gross income for the months us $3,400
Social security tax will be
=6.2 % of $3400
=6.2/100 x 3400
=0.062 x 3400
=$210.8
Medicare tax will be
=1.45 % x $3400
=1.45/100 x 3400
=0.0145 x 3400
=$49.3
The company should sell product xy as it is
and should not process it further.
Given:
Original
Incurred cost of $5,000
No. of units is 6,400
Price per unit is $33
Processed product
No. of units is 6,400
Costs for further processing is $8/unit
New price per unit is $39
First, know the total costs
Original: $5,000
Processed: 6,400 x $8 = $51,200
Next, find the sales revenue for the original
and processed product
Original: $33 x 6,400 = $211,200
Processed: $39 x 6,400 = $249,600
Then, get the net profit for the original and
processed product
Original: $211,200 - $5,000 = $206,200
Processed: $249,600 - $51,200 = $198,400
With the data provided, you can find out that
the net profit is higher on the original/unprocessed product compared to the
processed product even if the selling price and revenue is much higher.
<span> </span>
Answer:
Net Cash inflow from operating activities = $125,000
Explanation:
Cash flow from operating activities means only those transactions involving cash which are related to daily business of the company.
Net income = $100,000
Add: Depreciation = $17,500
Add: Amortization = $5,000
Add: Loss on sale of equipment = $2,500
Net Cash inflow from operating activities = $125,000
Note:
1. Depreciation and amortization are non cash expenses thus, added back.
2. Loss on sale of equipment is added as does not relate to operating activity. The entire amount received from sale of equipment is added to investing activity.
Final Answer
Net Cash inflow from operating activities = $125,000
Answer:
production
Explanation:
the production is the highest of all the more afterall
