Answer:
200 shares
Explanation:
As per the family attribution rule Rule 318 the person is owner of his or her shares and deemed owner of the shares that their parent posseses. This means that Maria is treated as an owner of 100 shares she actually owns and the 100 shares that her mother owns, totalling it to 200 shares. The number of shares that her sister or grandmother owns is not included in the ownership as it is not as per the family attribution rule.
Answer:
15 years
Explanation:
If you are constructing a portfolio to cover the education expenses of your child and you expect that he/she graduates from college in 15 years, then the time horizon of your portfolio should be 15 years since it should cover all the expenses until your child graduates. If you start a little earlier and expect your child to graduate in 20 years, the time horizon will be 20 years, or if you start a little later and expect your child to graduate in 10 year, then the time horizon is 10 years.
Answer: 24.60 minutes (2dp)
Explanation:
The question is essentially asking that we find the Standard Time it takes to serve a customer.
To do this we would have to calculate the averages of the different elements and then use this to find the normal time which we can then use to find the Standard Time.
Element 1
= (3 + 4 + 4 + 3 + 3)/5
= 3.4
Element 2
= ( 9 + 8 + 10 + 11 + 10)/5
= 9.6
Element 3
= ( 7 + 8 + 6 + 7 + 8)/5
= 7.2
We then calculate the normal times by multiplying each of the individual means with their performance ratings.
That would be,
Element A
= 3.4 * 70%
= 2.38
Element B
= 9.6 * 110%
= 10.56
Element C
= 7.2 * 120%
= 8.64
We then add up the normal times to get the total normal time
= 2.38 + 10.56 + 8.64
= 21.58 minutes
Now we can solve for the standard time using this formula,
Standard time = Normal time (1+Allowance factor)
= 21.58 ( 1 + 0.14)
= 24.6012 minutes
= 24.60 minutes (2dp)
The time per unit customer served is 24.60 minutes.
If you need any clarification please do comment. Cheers.
Answer:
Explanation:
The journal entries are shown below:
a. Artwork A/c Dr $85,500
To Cash A/c $85,500
(Being work is reported on the government-wide financial statements)
Depreciation Expense A/c Dr $5,700
To Accumulated Depreciation A/c $5,700
(Being depreciation expense is recorded)
The depreciation expense is shown below:
= Original cost ÷ useful life
= $85,500 ÷ 15 years
= $5,700
b. Artwork expenditure A/c Dr $85,500
To Cash A/c $85,500
(Being work is reported on the fund financial statements
<span>Answer:
Gross Pay: $1200
Less Health Ins: (42.50)
Taxable Pay: 1157.50
SS Tax: 71.77 (1157.50 *.062)
Medicare Tax: 16.78 (1157.50 *.0145)
FIT: 91.79
Net Pay: 977.17
FIT calcualted as follows: Taxable less allowances (1157.50 less (71.15*4) = 872.9
(872.9 * .15)-39.15 = 91.79</span>
