Answer:
high
Explanation:
the most popular time of year at a resort, hotel, or tourist attraction, when prices are highest
Answer:
b. False
Explanation:
LIFO stand for Last in First Out. This means LIFO inventory valuation is based on earlier goods purchased.
So, when costs are decreasing, they are affecting latter prices and this usually affect FIFO (First in First Out) not LIFO.
<h3>Betsy’s gross earnings for January period is $1,140
</h3><h3>Betsy’s net pay for January period is $966.79
</h3>
Explanation:
- Betsy Strand’s regular hourly wage rate = $24
- Betsy Strand’s hourly rate for work in excess of 40 hours = $36
- Betsy works during a January pay period = 45 hours.
- Betsy's pay for January period = $24 * 40 + $36 * 5
- Betsy's pay for January period = $1,140
Betsy’s gross earnings for January period is $1,140
- Betsy’s federal income tax withholding = $86
- FICA tax rate = 7.65%.
- Betsy’s FICA Taxes Payable = $1,140 * (7.65 / 100)
- Betsy’s FICA Taxes Payable = $87.21
- Betsy’s net pay for January period = Gross earnings - Federal income tax withholding - FICA Taxes
- Betsy’s net pay for January period = $1,140 - $86 - $87.21
- Betsy’s net pay for January period = $966.79
Betsy’s net pay for January period is $966.79
Answer:
12.8%
Explanation:
Ra=Rf+(Rm-Rf)*Ba
Ra=?
Rf=5.5%
Rm=11.5%
Ba=1.22
Ra=5.5%+(11.5%-5.5%)*1.22
Ra=12.8%
Answer:
Mapleleaf Industries
Journal Entry
Debit Cash Dividend $40,800
Credit Dividends Payable $40,800
To record the declaration of $0.85 per share cash dividend.
Explanation:
This journal entry shows the two accounts involved and how they are recorded when a cash dividend is declared (declaration date).
Calculation of cash dividends is based on 48,000 shares of common stock outstanding and not on the issued shares nor the authorized. Usually, dividends are only payable to shareholders of record, who appear on the register of the company as holders of the shares on the specified date (date of records).
So, the divided equals $40,800 (48,000 x $0.85).
