Answer and explanation:
<em>Check the attached file for a well formatted answer</em>
Headland Company
Pension worksheet 2020-2021
General Entries Memo Record
Items Annual Pension expense Cash OCI- Prior service cost OCI- Gain/Loss
Answer:
24.89 percent
Explanation:
The first $50000 is taxed at 15%;
The next (75000 - 50000) = $25000 is taxed at 25% and so on.
then:
Total taxes
= (50000*0.15) + (25000*0.25) + (25000*0.34) +(18740*0.39)
= $29558.60
Then the average tax rate is given by:
=Total taxes/Taxable income
= $29558.60/$118740
= 24.89%
Answer:
a. $238,000
b. $292,000
Explanation:
a. Explicit Costs
These are the accounting costs associated with running the business
= Rent + Employee wages + Materials and Utilities
= 50,000 + 180,000 + 8,000
= $238,000
b. Total Cost = Explicit + Implicit Costs
Implicit Costs = Benefits foregone
= 50,000 + (5% * 80,000 if she invests the money instead)
= $54,000
Total cost = 238,000 + 54,000
= $292,000
Answer:
C : decreased by $4,000
Explanation:
As we know that
The accounting equation is
Total assets = Total liabilities + stockholder equity
To balance the balance sheet we use the accounting equation
That means the total assets is equal to the sum of the total liabilities and the stockholder equity
Since in the given situation, the assets decreased by $4,000 or if the stockholder equity has increased by $4,000 so the total assets must also decreased by $4,000 itself
Answer:
More money and enganment to whoever they're purchasing from.
Explanation: