Using a 5% annual compound interest rate, what investment today is needed in order to withdraw $5,000 annually:

natima [27]

Answer:

III and IV

Explanation:

You don't have to be interested in something to be good at it. A job you like and accommodates your interests is not a guaranty.

8 0

3 years ago

The following totals for the month of April were taken from the payroll register of Durbin Company. Salaries $12,000 Social secu

Katarina [22]

Answer:

debit to payroll tax for $798

Explanation:

From the given information:

The following totals for the month of April were taken from the payroll register of Durbin Company.

Salaries $12,000

Social security and Medicare taxes withheld 550

Employees federal income taxes withheld 2500

Medical insurance deductions 450

Federal unemployment taxes 32

State unemployment taxes 216

The objective is to determine the journal entry to record the payroll tax expense on April 30

Let;s recall that for taxes charged in employers; the following taxes will be considered:

Social security and Medicare taxes

Federal unemployment taxes

State unemployment taxes

Thus;

The journal entry to record the payroll tax expense on April 30 can be prepared as:

Account Debit Credit

Payroll tax expense 798

Social security and Medicare taxes 550

Federal unemployment taxes 32

State unemployment taxes 216

Hence;

The journal entry to record the payroll tax expense on April 30 would include a debit to payroll tax for $798

4 0

3 years ago

Here, the rod has a diameter d of 16 centimeters. The length from point A to point B, LAB, is 2 meters, and the length from poin

pantera1 [17]

Answer:

6/7 kN

Explanation: See attached file

7 0

4 years ago

Murphy Company sublet a portion of its warehouse for five years at an annual rental of $24,000, beginning on May 1, 2010. The te

jeka57 [31]

Answer:

Correct option is D.

Unearned Rent Revenue Dr. $16,000

Rent Revenue $16,000

Explanation:

Provided that rent is received for a period of 1 year that is 12 months on May 1, 2010 amounting $24,000

Thus rent per month = $24,000/12 = $2,000 per month

Provided financial year = Calendar year

thus for the year 2010 rent revenue = 1 May to 31 December = $2,000 $\times$ 8 = $16,000

Since revenue = $16,000 for the year and initially was recorded as unearned rent thus for the year $16,000 should be transferred to rent revenue.

For this entry shall be:

Unearned Rent Revenue Dr. $16,000

To Rent Revenue $16,000

Correct option is D.

7 0

4 years ago

There are a few people in line waiting to be served. you are taking care of one customer and she insists you gave her the incorr

Leto [7]

You enforce the rules, state you did correctly count the amount of money, no exceptions.

5 0

3 years ago