Answer:
$34,000
Explanation:
Calculation for the Net cash provided by operating activities
Net income 52,000
Adjustments :
Add Depreciation expense 30,000
Less Decrease in Accounts payable (18,000)
Less Increase in accounts receivables (25,000)
Less Increase in inventories (5,000)
Net cash provided by operating activities $34,000
Therefore Net cash provided by operating activities was: $34,000
Answer:
Gross bonus=$1,148.54
FIT=252.68
OASDI=71.21
HI =16.65
MASS. TAX=58.00
Explanation:
Calculation for the withholding taxes and the gross amount of the bonus
Calculation for gross amount of the bonus
Gross amount of the bonus= [$750/ (1- 0.22 - 0.062 - 0.0145 - 0.0505] - 0.01
Gross amount of the bonus= [$750/ (0.78 - 0.062 - 0.0145 - 0.0505] - 0.01
Gross amount of the bonus= [$750/ 0.653] - 0.01
Gross amount of the bonus=1,148.545-0.01
Gross amount of the bonus=$ 1,148.54
Therefore the Gross amount of the bonus will be $ 1,148.54
Calculation for the withholding taxes
FIT =1148.54 * 22%
FIT=252.68
OASDI= 1148.54 * 6.2%
OASDI=71.21
HI=1148.54 * 1.45%
HI =16.65
MASS. TAX =1148.54 * 5.05%
MASS. TAX =58.00
NET 750.00
[$1,148.54-(252.68+71.21+16.65+58.00)]
Therefore the withholding taxes are:
FIT=252.68
OASDI=71.21
HI =16.65
MASS. TAX = =58.00
Answer:
B. $3,373
Explanation:
The computation is given below:
For Held- to -Maturity investment
Face Value of the bond = 100,000
Coupon rate = 6%, for Semi-annual Period should 6% ÷ 2 = 3%
Effective rate = 7% For Semi-annual Period should be 7% ÷ 2 = 3.5%
Now
Purchase Price of the Bond is
= 100,000 - 4000
= 96,000
Now
First interest :
Cash interest = 100,000 × 3% = 3,000
interest Revenue = 96,000 × 3.5% = 3,360
So,
Discount Amortized is
= 3360 - 3,000
= 360
And,
Carrying Value of the Bond should be
= 96,000 + 360
= 96,360
For Second YEar
Interest Revenue = Carrying Value Effective interest Rate
= 96,360 × 3.5%
= 3,372.6
= $3,373
Answer:
D. Customers will shop at other grocery stores.
E. Customers will bring reusable bags to the store.
Among the given options only the two choices above are most likely:
When the local grocery store decides to charge for bags, most of the people might prefer to carry reusable bags to carry their groceries.
However, the grocery store’s decision to charge for bags might not go too well with some customers, who in turn, might decide to shop at other grocery stores that do not charge for bags.
Answer:
arbitration
Explanation:
Arbitration occurs when the price of a security or a commodity varies significantly between different markets. For example, I purchase gold in the United Kingdom at a lower price than in the United States, and I bring it to the United States and make a profit. Arbitration opportunities result from market inefficiencies and a lack of a single price.
