Answer:
salary and wages increase by $600
Explanation:
given data
work = 40 hours
per hour cost = $15
Social Security = $37.20
Medicare $8.70
federal income tax = $58
state income tax = $10
solution
as we know that
Federal Unemployment are $4.80 and Social Security is $37.20
Medicare = $8.70 and state Unemployment $24.6
so total payable in form of salaries and wages increase $675.3 than actual pay $600
and when salary is paid by company it is for expenditure
and salary and wage payable account is debited
so cash account and state and federal tax payable is credit
so that entry record increase the expenditure
so salary and wages increase by $600
Answer:
The market price is $12.81 per share.
Explanation:
The price of the stock today can be calculated using the constant growth model of DDM as the dividends are expected to grow at a constant rate. The formula to calculate the price of the stock under constant growth model is,
P0 = D1 / r-g
Where,
- D1 is the Dividend for the next period or D0 * (1+g)
- r is the required rate of return
- g is the growth rate in dividends
P0 = 2.44 * (1+0.05) / (0.25 - 0.05)
P0 = $12.81
Answer:
Fixed costs= $2,600
Explanation:
Giving the following information:
January 6,400 $5,980
February 7,000 $6,400
March 4,000 $5,000
April 6,900 $6,330
May 9,000 $8,000
June 7,250 $6,575
<u>To calculate the fixed costs under the high-low method, we need to use the following formulas:</u>
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (8,000 - 5,000) / (9,000 - 4,000)
Variable cost per unit= $0.6 per unit
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 8,000 - (0.6*9,000)
Fixed costs= $2,600
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 5,000 - (0.6*4,000)
Fixed costs= $2,600
Answer:
(a) rr: 1/3, cr: 0.5, m:1.8 M: 1800
(b) 1500
(c) 200