The following data apply to keefin booni company (million of dollars)

If the number of people classified as unemployed is 50,000 and the number of people classified as employed is 250,000, what is t

Liula [17]

Based on the given values above, it is said that there are 50,000 people who are unemployed and 250,000 are employed. This means that the total number of people basing on these numbers is 300,000. So we just have to divide 50,000 by 300,000 and we get 0.17. Therefore, the unemployment rate is 17%. Hope this helps.

5 0

3 years ago

Read 2 more answers

What two accounting equalities must be maintained in transaction analysis?

STALIN [3.7K]

Two accounting equalities to maintain in transaction analysis are Assets and Liabilities + Equity.

One key element of performing accounting transaction analysis is ensuring that the accounting equation is balanced. This means that for every debit account entry, you must have a credit account entry of the same amount.

This accounting equation works as-

Assets = Liabilities + Equity

Assets- This refers to the resources of a company and includes cash and cash equivalents, accounts receivable, and inventory.

Liabilities and equity- The liabilities of a company refer to its financial obligations, such as loans, long-term debts, mortgages, and notes payable.The shareholder’s equity of a company refers to the dollar value of the company and can be calculated by subtracting its liabilities from its assets. Both liabilities and equity show how the company has financed its assets.

To learn more about transaction analysis here

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4 0

1 year ago

In April of the current year, Steelman Press Company transferred Ken Sherm from its factory in Louisiana to its plant in Florida

Verdich [7]

Answer:

A) $158.40

B) $77.90

C) $42

Explanation:

The question is to determine the tax figures for both the State Unemployment Tax Act (SUTA) for Louisiana and Florida and the net Federal Unemployment Tax Act (FUTA) on Sherm's wages.

A) Amount of SUTA tax the company must pay to Louisiana on Sherm's wages

Out of the $14,190 wages of Sherm for the year, $4,950 was paid in Louisiana

Meaning the State SUTA tax in Louisiana = $4,950 x the tax rate for SUTA in Louisiana = 3.2%

= $4,950 x 3.2% = $158.40

B) Amount of SUTA tax the company must pay to Florida on Sherm's wages

Out of $14,190, $4,950 was paid in Louisiana meaning (14,190 - 4,950) = 9,240 was paid in Florida

However, the taxable wage limit is $7,000

threefore, SUTA in Florida = ($7,000-$4950 x 3.8%

= $77.90

C) Amount of the net FUTA tax on Sherm's wages

Using the same taxable wage limit of $7,000

FUTA tax = $7,000 x 0.6% = $42

8 0

3 years ago

Farah Snack Co has earnings after taxes of $128, 750. Interest expense for the year was $20,000: preferred dividends paid were $

Leto [7]

Answer:

A. $0.90

Explanation:

Earning per share = (Net Income - dividends on preferred stocks)/average outstanding common shares

Particulars Amount

Earning After Tax 128750

Taxes 15000

Earning before Tax & Interest Expense 143750

Interest Expense (20000)

Earning after Interest, but before Tax 123750

Taxes (15000)

Earning after Taxes 108750

Preferred Dividends (18750)

Earning available for common stock holders 90000

common stock outstanding 100000

Earning per share 0.9

Therefore, The outstanding Earnings per share on the common stock was $0.90

8 0

3 years ago

Theresa owes $9,000 on her car loan. If the value of her car is $15,000, what is her equity in the car?

pentagon [3]

Answer:

Theresa has $6,000 in equity.

Explanation:

To get this answer, you take the value of her car ($15,000) and subtract the amount that she owes from it ($15,000-$9,000). This gives you $6,000.

Hope this helps!

7 0

3 years ago