Which phrase best completes the diagram?

Employer payroll taxes: Multiple Choice Represent the social security taxes withheld from employees. Are payable for up to a max

AlexFokin [52]

Answer:

Are added expenses beyond that for the wages and salaries earned by employees

Explanation:

The employer payroll taxes are the taxes which are to be computed as a percentage of the wages salaries earned by the employees. It is divided into two types - social security taxes i.e 6.2% and the medicare taxes 1.45%

And the journal entry is

Payroll tax expense A/c Dr XXXXX

To Social security tax A/c XXXXX

To Medicate tax A/c XXXXX

To State Unemployment tax payable XXXXX

To Federal Unemployment tax payable XXXXX

(Being the payroll tax expense is recorded)

Moreover, it is an added expenses

6 0

3 years ago

The following data relates to units shipped and total shipping expense for the Adams Company. Month Units shipped Total Shipping

Ann [662]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Month - Units shipped - Total Shipping Expense

January: 3 - $1,300

February: 6 - $1,600

March: 4 - $1,400

April: 5 - $1,500

May: 7 - $1,700

June: 8 - $1,800

July: 2 - $1,200

First, we need to calculate the unitary variable cost using the following formula:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (1,800 - 1,200) / (8 - 2)

Variable cost per unit= 100

Now, we can calculate the fixed costs:

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 1,800 - (100*8)

Fixed costs= 1,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 1,200 - (100*2)

Fixed costs= $1,000

Finally, the total cost formula:

Total cost= 1,000 + 100X

X= units shipped

4 0

3 years ago

Assume Jack is a rational person and has reached the point where the marginal benefit of eating the 8th Krystal burger this week

REY [17]

Answer:

<u>Per additional unit of kystal burger</u>

Explanation:

Remember marginal utility is the additional satisfaction derived from consuming more of a product. A rational person (intelligent) may be defined as someone who uses clear thought and reasoning to make decisions.

However, there's a law called the law of diminishing marginal utility which states that at a particular point, Jack's marginal utility from additional consumption of Krystal burger will begin to decrease.

5 0

3 years ago

Your opinion is that CSCO has an expected rate of return of 0.15. It has a beta of 1.3. The risk-free rate is 0.04 and the marke

Sav [38]

Answer:

Overpriced

Explanation:

The computation is shown below;

As we know that

Expected rate of return = risk free rate + beta × ( expected market rate of return - risk free rate )

= 0.04 + 1.3 × (0.115 - 0.04)

= 0.1375

As the return of the security is 0.1375 i.e. more than the expected rate of return i.e. 0.115

Hence, it is overpriced

8 0

3 years ago

Theo's bbq has $48,000 in current assets and $39,000 in current liabilities. decisions related to these accounts are referred to

Dennis_Churaev [7]

Decisions related to these accounts are referred to as: working capital management

What is working capital?

Working capital is the capital used in the day-to-day running of the company , which is determined as the current assets minus the current liabilities

Basically, the decisions which impacted on both current assets and liabilities is referred to as working capital management, which is more about the company is about to use its near cash resources, current assets to repay company's current liabilities that fall due for payment.

Find out more about working capital on:brainly.com/question/19804046

#SPJ1

7 0

1 year ago