Answer: $6.96
Explanation:
Weekly earning = $480
Medicare tax rate = 1.45%
1.45% = (1.45/100) = 0.0145
Medicare contribution = Medicare tax rate × weekly earning
Medicare contribution = 0.0145 × $480 Medicare contribution = $6.96
The employees weekly contribution that is apportioned for Medicare is $6.96
Answer: The correct answer is "C) a cost that cannot be avoided because it has already been incurred.".
Explanation: Sunk costs are those costs that have already been incurred and cannot be recovered in the future.
Example: Suppose a company wants to launch a new product for which it has commissioned a market study whose cost is $ 5000.
Once the market study is obtained, the company is not convinced that the product will be successful. When analyzing the decision The first thing to recognize that the expenses incurred ($ 5000) are sunk costs, will not be recovered and therefore should not influence the decision about the product.
Answer:
<u>B) Forming alliances and partnerships with local companies in every country market where the company opts to compete, so as to facilitate use of an act global, think local strategic approach</u>
Explanation:
This is usually not the first or primary strategy that may be employed by a company. For example, a new company that has a lower market reach may not consider going to forming alliances and partnerships with local companies in every country market because of its limited finances.
However, a bigger company like Coca-cola wanting to compete may use this strategy.
Answer: credit to Additional Paid -in Capital on Preferred Stock for $28,200
Explanation:
The journal entry will be:
Debit: Cash = $500 × 83 = $41500
Credit: Preferred stock = $5000
Credit: Additional paid in capital on preferred stock = $28200
Credit: Paid in capital - Common stock warrants = $8300
Note that Additional paid in capital on preferred stock was calculated as:
Amount allocated to preferred stock = (64/64+16) × 41500 = 33200
Less: Preferred stock face value = $500 × $10 = $5000
Additional paid in capital on preferred stock = $28200
