Gross pay minus deductions<span>. Also </span>called take-home pay<span>. A special checking account used to </span>pay<span> a company's employees. A manual or computerized schedule prepared for each payroll period listing the earnings, </span>deductions<span>, and net </span>pay<span> for each employee.
Hopes this information helps
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Answer:
There is something wrong with this question because October to February is not four months, it's five months.
We can calculate this assuming 3 months of 2016 (October, November, December) and 2 months of 2016 (November and December).
- 3 months of 2016 = ($22,400 / 4 months) x 3 months = $16,800
- 2 months of 2016 = ($22,400 / 4 months) x 2 months = $11,200
No option is correct.
Answer:
a) Contribution from the special order= $52,640.
b) Stuart should accept the order
Explanation:
The amount of contribution to profit from the special order is the difference between the revenue and the relevant cost of variable cost of the special order.
The relevant cost of the special order is equal the sum of all variable cost only.
Note that the allocated facility overhead is irrelevant to whether to accept or reject the order. This is so because the costs would still be incurred either way.
Relevant variable costs of special order = (880 + 510) × 47 = $65,330
Sales revenue = 2,510 × 47 = $117,970.00
Contribution from the special order =$117,970.00 - $65,330
= $52,640.00
B) Stuart should accept the special order because it would increase its profit by $52,640.
Answer:
40% , 24% and 16%
Explanation:
Total Amount invested = $2600
Portfolio is composed of :
Treasury bills paying 4%, Risky portfolio P, Two risky securities ( X and Y )
Optimal weights
X = 60% , Y = 40%
Expected rate of return
X = 16% , Y = 11%
<u>To form a complete portfolio with an expected rate of return of 8% </u>
Invest approximately 40% in risky portfolio
Invest approximately 24% and 16% of your complete portfolio in security X and Y
attached below is the detailed solution
Answer:
$8,000
Explanation:
Data provided in the question:
Average cost of car = $25,000
Now,
Using the class recovery system of five years,
The rate of depreciation expense in year 2 of the MACRS is 32%
Therefore,
The depreciation expense in the year 2 will be
= Average cost of car × Rate of depreciation
= $25,000 × 32%
or
The depreciation expense in the year 2 = $8,000
