Answer:
Correct option is (D)
Explanation:
Employees, employers and self employed are supposed to contribute to fund social security and medicare.
Contribution made by each party comes under different categories. Employees contribute to social security and medicare in the the form of FICA taxes which could be withheld by the employers. Employees pay 50 percent and the remaining 50 percent is paid by the employer.
Self employed contribute in the form of self employed taxes.
Answer:
sources of business revenue
Explanation:
Revenue is the money a business gets from its normal trading activities. It is the income a business obtains through the sales of goods and services to customers. Revenue includes discounts received and purchase returns.
The sale of an asset is revenue to a business because it will receive money from the transaction. Usage fees, Brokerage fees, and advertising are money that businesses receive for offering services.
Answer:
$73.86 per unit
Explanation:
The computation of the cost per unit under the absorption costing is as follows
= Direct material per unit + Direct labor per unit + variable overhead per unit + fixed overhead per unit
where,
Variable overhead cost per unit
= $288,000 ÷ 36,000 units
= $8 per unit
And, the fixed overhead cost per unit is
= $102,920 ÷ 36,000 units
= $2.86 per unit
So the cost per unit is
= $32 + $31 + $8 + $2.86
= $73.86 per unit
Answer:
cash budget
Explanation:
A financial budget within budgeting refers to the long-period and short-period planning of the company's revenue and expenditure. Exact cash flow forecasts help the company achieve the goals in the correct way.
A financial budget is indeed a potent tool for achieving any enterprise's lengthy-term goals. Relevantly, it also helps to keep the stakeholders as well as other institution members up-to-date on the company's ability to function.
Thus, from the above we can conclude that cash budget can be termed as finance budget.
