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3 years ago

Here are your points plus 5 extra

Business

2 answers:

kykrilka [37]3 years ago

7 0

Answer:

lol thx so muchhh

Explanation:

kvv77 [185]3 years ago

3 0

Answer:

thank you for the points back. I appreciate it

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During January, Luxury Cruise Lines incurs employee salaries of $1.1 million. Withholdings in January are $84,150 for the employ

finlep [7]

Answer:

Explanation:

The journal entries are shown below:

1. Salary expense A/c Dr $1,100,000

To income tax payable A/c $233,750

To FICA Tax payable A/c $84,150

To Accounts payable A/c $11,000

To Salaries payable A/c $771,100

(Being the expenses and Withholding are recorded and the remaining balance is credited to salary payable account)

2. Salary expense A/c Dr $33,000

To Accounts payable A/c $33,000

(Being the employer portion of health insurance is recorded)

3. Payroll tax expense A/c Dr $152,350

To FICA Tax payable A/c $84,150

To Unemployment tax payable A/c $68,200

(Being payroll tax expense is recorded)

5 0

4 years ago

A retired woman has $180,000 to invest. she has chosen one relatively safe investment fund that has an annual yield of 9% and an

Zepler [3.9K]

Solution:
Let the amount invested in scheme which yields 9% be x and amount invested in scheme which yields 13% be y.
x + y = 180000 --equation 1
0.09x + 0.13y = 18000 --equation 2
Balancing the equations, multiply equation 1 with 0.09 and equation 2 with 1,
0.09x + 0.09y = 16200 -equation 3
0.09x + 0.13y = 18000 --equation4
Subtracting equation 4 from 3,
-0.04y = -1800
y = 45000
Now putting value of y in equation 1,
x + 45000 = 180000
x = 135000
The amount to be invested in scheme which yields 9% = $135,000
The amount to be invested in scheme which yields 13% = $45,000

6 0

3 years ago

ack Hammer invests in a stock that will pay dividends of $3.06 at the end of the first year; $3.42 at the end of the second year

aleksley [76]

Answer:

$46.82

Explanation:

Present value is the sum of discounted cash flows

present value can be calculated using a financial calculator

Cash flow in year 1 = $3.06

Cash flow in year 2 = $3.42

Cash flow in year 3 = $3.78 + $56 = $59.78

I = 13%

Present value = $46.82

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

8 0

3 years ago

A project has cash flows of -$152,000, $60,800, $62,300, and $65,000 for years 0 to 3, respectively. The required rate of return

Blababa [14]

Answer:

c. 11.32; reject

Explanation:

The IRR is the rate at with net present value equals zero.

$-152,000 + \frac{60,800}{1+IRR} +\frac{62,300}{(1+IRR)^{2} } +\frac{65,000}{(1+ IRR)^{3} } = 0$

$\left[\begin{array}{cc}Period&Cash Flow\\0&-152,000\\1&+60,800\\2&+62,300\\3&+65,000\\4&0.113237029\\\end{array}\right]$

To solve it you use excel or a financial calculator:

0.1132370

Because the IRR is lower than minimun aceptable rate of return, the project should be rejected.

7 0

4 years ago

suppose the fimrs hires each unit of labor for $700 per week, and each unit of output sells for $9. How many workers will the fi

rusak2 [61]

Answer:

The question is missing the amount of output units that each additional unit of labor generates, but we can calculate how many units each additional unit of labor should produce in order to maximize profit.

In order for a firm to maximize its profit, the marginal revenue product (MRP) = marginal cost (MC).

MRP = output units per additional unit of labor x price per unit = U x $9

MC = $700

U x $9 = $700

U = $700 / $9 = 77.78, so we round up to 78 units

In order to maximize profit, each additional unit of labor must generate 78 additional units of output.

6 0

3 years ago