Answer:
$5,592
Explanation:
Given:
Number of calculators ordered = 25
Cost of each calculator = $4747
thus,
Total cost of the calculators ordered = 25 × $4747 = $118,675
Selling cost of each calculator = $5656
Number of calculators sold = 22
Total revenue = 22 ×$5656 = $124432
Number of calculators returned = 3
Charges for returning the calculator = $55
Total charges for returning the calculators = 3 × $55 = $165
Now,
The total profit
= Total revenue - Total cost of the calculators - Total charges for returning
= $124432 - $118,675 - $165
= $5,592
Answer:
NAV=$63.114615
The NAV of the fund=$63.114615
Explanation:
Stock Shares stock Price
A 13,500 $83
B 33,000 $16
C 20,000 $59
D 71,000 $21
Total Assets= ( 13,500*$83)+( 33,000*$16)+( 20,000*$59)+(71,000*$21)
Total Assets= $4,319,500
Formula for NAv:
NAV=
NAV=
NAV=$63.114615
The NAV of the fund=$63.114615
Answer:
The correct answer is b) cafeteria-style benefits plan.
Explanation:
A cafeteria plan is a type of employee benefit plan offered in the United States in accordance with Section 125 of the Internal Revenue Code. Its name comes from the first plans that allowed employees to choose between different types of benefits, similar to a client's ability to choose from items available in a cafeteria. Qualified cafeteria plans are excluded from gross income.
Answer:
March 31, 202x, payroll tax expenses
Dr FICA tax (OASDI) expense 961
Dr FICA tax (Medicare) expense 224.75
Dr FUTA tax expense 93
Dr SUTA tax expense 837
Cr FICA tax (OASDI) payable 961
Cr FICA tax (Medicare) payable 224.75
Cr FUTA tax payable 93
Cr SUTA tax payable 837
Explanation:
Since we are calculating only payroll taxes, the wages expense is not included in this journal entry.
total payroll for the 10 employees = 10 x $1,550 = $15,500
each employee has accumulated earnings of $1,550 x 3 = $4,650
Answer:
D. $4,000.
The Stockholders' equity increase by two items, one is the issued stock of $3,000 that increase equity and cash in assets part, and the result before dividends of $1,000 that increase retained earnings in the equity part and cash in the assets part.
The Net income of the year was $6,000 but were paid in dividends -$5,000, so the retained earnings is $1,000
Explanation:
START END
TOTAL ASSETS $20,000 $24,000
TOTAL LIABILITIES $5,000 $5,000
Common Stock $3,000
Retained Earnings $1,000
Capital $15,000 $15,000
TOTAL EQUITY $15,000 $19,000
Income Statement
Sales $16,000
Cost of goods sold -$10,000
Gross Profit $6,000
Dividends -$5,000
$1,000
