Answer:
1)
![\left[\begin{array}{cccccc}$department&$salaries&OASDI&HI&SUTA&FUTA\\$office&22,760&1,411.12&341.4&280&42\\$sales&65,840&4,082.08&987.6&280&42\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccccc%7D%24department%26%24salaries%26OASDI%26HI%26SUTA%26FUTA%5C%5C%24office%2622%2C760%261%2C411.12%26341.4%26280%2642%5C%5C%24sales%2665%2C840%264%2C082.08%26987.6%26280%2642%5C%5C%5Cend%7Barray%7D%5Cright%5D)
2) payroll expense entries:
payroll expense 2063.14
Medicare payable 330.02
Social Security payable 1411.12
SUTA 280
FUTA 42
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payroll expense 5358.76
Medicare payable 954.68
Social Security payable 4082.08
SUTA 280
FUTA 42
Explanation:
We apply for each department the tax rate. Notice SUTA and FUTA have a ceilling of 7,000 so we do not apply the rate to the whole amoung but, for the 7,000 ceiling.
We are given with the data that the original cost of the car is $15000. However Alisha wants to pursue the whole payment for five years thus a 6 percent interest rate is given. The formula for finding the total cost is TC = 15000* (1+0.06)^5. The answer is $20,073.39
Answer:
b.$1,375,000
Explanation:
Dunn Company's
Allowance for uncollectible accounts $1,500,000
Less Accounts receivable expected to be Uncollectible $125,000
Net Realizable value of account receivable $1,375,000
Therefore the net realizable value of accounts receivable after adjustment will be $1,375,000
Answer:
Option C Incorrect; adjusting for price changes, his salary is less than his dad's salary
Explanation:
Adjustment to price changes = (Amount received n years ago divided by Price Index n years ago) * Price Index today
Adjustment To price changes = ($28,000 / 110.8) * 180.5 = $45613.7
The amount $28,000 is worth $45,613.7 in todays value which means that if we adjust for price changes, Dave is incorrect because his salary is worth less by an amount $613.7 from his father's salary.
Answer:
Explanation:
Expected annual growth rate in dividends 7%
Dividend growth Model= Pv=Do(1+g)/Ke-g
present value = 1(1+7%) / 12%-7%
present value =1.07
/5%
present value =21.4
Expected annual growth rate in dividends 2%
Dividend growth Model= Pv=Do(1+g)/Ke-g
present value = 1(1+2%) / 12%-2%
present value =1.02
/10%
present value =20.4
Expected annual growth rate in dividends -1%
Dividend growth Model= Pv=Do(1+g)/Ke-g
present value = 1(1+(-1)%) / 12%-2%
present value =0.99/10%
present value =7.69
