Answer:
45.62 days
Explanation:
For computing the average number of days receivables, first, we have to calculate the account receivable ratio. The formula is shown below:
Account receivable ratio = Net credit sales ÷ Average accounts receivable
where,
Average account receivable = (Beginning account receivable balance + ending account receivable balance) ÷ 2
Now put these values to the above formula
So, the answer would be equal to
= $480,000 ÷ ($40,000 + $80,000 ÷ 2)
= $480,000 ÷ $60,000
= 8 times
Now, the average level of receivables equals to
= Total number of days in a year ÷ Account receivable ratio
= 365 days ÷ 8
= 45.62 days
The book value of the bond at the end of year 10 is 1,160
What is the basis for determining premium amortization?
The bond premium amortization is assumed to be determined using the straight-line basis such that bond premium amortized in each year is the same for 18 years of bond investment, in other words, the year 10 bond premium amortization of 20 is the same for all other years.
Total premium on bond issuance=20*18
total premium on bond issuance=360
bond price issued price=par value+ premium=1000+360=1360
As at the end of the 10th year, bond premium amortized thus far is 20 multiplied by 10 years
bond premium amortized=20*10=200
book value of the bond at the end of year 10=1360-200
book value of the bond at the end of year 10=1,160
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I think the best would be C ensure timely payments of taxes
Answer:
Middle Management
Explanation:
According to my research on different business roles and responsibilities, I can say that based on the information provided within the question the role being described is called Middle Management. These are the intermediate management level of an organization that is responsible for ‘team leading’ line managers and/or ‘specialist’ line managers, as well as being responsible for lower level performance and productivity.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Answer:
The total payroll taxes for employee withheld for the current month will be $481.25 .
Explanation:
The social security tax and medicare tax will be calculated on the employee ( George glass ) earnings $2500 for the current month.
SOCIAL SECURITY TAX = $2500 X 6.2%
= $155
MEDICARE TAX = $2500 X 1.45%
= $36.25
Here federal unemployment compensation taxes won't be calculated on the employee's current , as these taxes will be paid by the employer.
In the total tax we will include federal income tax and state income taxes, so total payroll taxes would be -
= social security tax + medicare tax + federal income tax + state income tax
= $155 + $36.25 + $250 + $40
= $481.25
