Answer:
D) direct fixed costs.
Explanation:
The fixed cost is that cost which does not change with the change in the production level. It remains constant whether production level changes or not.
There are various types of fixed costs which are shown below:
1. Indirect fixed cost: The indirect fixed cost is those fixed costs that are not related to the product. Examples: administrative salaries, miscellaneous expenses, etc.
2. Non-controllable fixed costs: These costs are those cost which is not controllable by the business organization such as depreciation, taxes, etc.
3. Common fixed costs: These costs are those cost which is held for more than one department or segment. Examples - salaries expenses, rent expenses, etc
4. Direct fixed costs: This cost is to deal with the product and specially incurred for the particular segment such as direct material, direct labor, etc.
Answer: b. These would not be withheld by the company.
c. As an independent contractor they would be responsible for their own payments
Explanation:
Here is the complete question:
Beth Caldwell is in the payroll accounting department of Acerill Films. An independent contractor of the company requests that Social Security and Medicare taxes be withheld from future compensation. What advice should Beth offer?(You may select more than one answer).
a. The independent contractor should complete Form W-4 to authorize FICA tax withholding.
b. These would not be withheld by the company.
c. As an independent contractor they would be responsible for their own payments.
An independent contractor is someone that has his or her won personal business but still does work for other organizations or businesses. Is should be noted that independent contractors should not be considered to be part of the workers in the organization they work for.
Beth Caldwell should not take taxes out of the payments that will be paid to the person because he is responsible for his or her won payment and normally, they pay the self employment tax which is just like paying for social security and Medicare taxes.
Answer:
B) $3271.
Explanation:
Since Sheridan Company uses the effective interest method to account for Scott Company bonds, and it purchased them on discount, it must increase its debt investments by:
(market price x effective interest) - (face value x coupon rate) =
($1,650,375 x .055) - ($1,750,000 x .05) = $3,270.63 ≈ $3,271
since the bonds pay a semiannual coupon, the yearly interest rates must be divided by 2.
Answer:
11.20 %
Explanation:
Solution
Recall that,
Exxon-Mobil Corp. has a dividend payout ratio = 60%
The expected earnings per share = $6
The price of stock currently = $72
ROE = 13%
The rate of growth = 6.2%
Now,
Based on DCF Model, we have define the following
The Stock Price = Expected Dividend in Year 1/(Cost of Retained Earnings – growth rate) =
Thus,
72 = 6*60%/(Cost of retained Earnings-6.2%)
The Retained cost of Earnings = 11.20%
Therefore, the cost of retained earnings is 11.20 %
<span>A property wide memo declaring that employees cannot make personal calls while on company time was issued. An employee in the food and beverage department was later caught on a personal call and he was disciplined by his supervisor. The employee then appealed to the general manager who overruled the food and beverage supervisor and refused to give a reason for his actions. This illustrates the importance of support from the top in implementing rules and ethics plans.</span>