What is the term utilized when union workers refuse to work due to contractual disagreements?

Cash receipts for January are expected to total $171,000. Cash disbursements for January are expected to be $158,000. The compan

Monica [59]

Answer:

Expected cash balance = $48000

Explanation:

Given

Cash receipts = 171000

Cash disbursements = 158000

Starting period = 35000

Minimum desired cash balance = 10000

From the above,

Cash available = Cash receipts + starting period

= 171000 + 35000

= 206000

Therefore,

Cash balance at the month end

= Cash available - Cash disbursements (payments)

= 206000 - 158000

= $48000

7 0

3 years ago

Asteria earned a $25,500 salary as an employee in 2018. How much should her employer have withheld from her paycheck for FICA ta

Pachacha [2.7K]

Answer:

The correct answer for the following question is $1951.

Explanation:

FICA is know as Federal insurance contribution act, which is a federal law, that requires employer to withhold three distinct taxes from the wages of the employee. They're -

1) A social security tax which is 6.2%

2) Medicare tax which is 1.45%

3) Medicare surface tax of .9%, which is to be paid by a person who has income over $200,000

As the Asteria income is $25,500, she will not pay the last medicare surface tax, but she will pay both social security tax and medicare tax.

Social security tax = $25,500 x 6.2%

= $1581

Medicare tax = $25,500 x 1.45%

= $370

So the total amount withheld from her - $1581 + $370

= $1951

3 0

4 years ago

Blank is a checking that is dishonored because of insufficient funds

alisha [4.7K]

bank account where the depositor can write checks. A bank account where money is stored and returns a low interest rate. The same thing as a checking account. ...Blank is a check that is dishonored because of insufficient funds.

7 0

4 years ago

Read 2 more answers

A manufacturer of tiling grout has supplied the following data: Kilograms produced and sold 380,000 Sales revenue $ 2,736,000 Va

KATRIN_1 [288]

Answer:

Break-even point in units= 272,308 units

Explanation:

Giving the following information:

Variable manufacturing expense $ 1,349,000

Variable selling and administrative expense $ 399,000

Total variable cost= 1,748,000

Fixed manufacturing expense $ 336,000

Fixed selling and administrative expense $ 372,000

Total fixed costs= 708,000

First, we need to calculate the unitary selling price and unitary variable cost:

Unitary selling price= 2,736,000/380,000= $7.2

Unitary variable cost= 1,748,000/380,000= $4.6

Now, to calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 708,000 / (7.2 - 4.6)

Break-even point in units= 272,308 units

6 0

3 years ago

Busch Company has these obligations at December 31. For each obligation, indicate whether it should be classified as a current l

Ann [662]

Answer:

(a) A note payable for $100,000 due in 2 years. - Non-current liability

(b) A 10-year mortgage payable of $200,000 payable in ten $20,000 annual payments. - Both

(c) Interest payable of $15,000 on the mortgage - current liability

(d) Accounts payable of $60,000 - current liability

Explanation:

Current liabity is a liability that its obligations will be paid within a year. For example, accounts payable, a loan that must be repaid in 6months.

Non-current liability is a liability that its obligations will be paid more than a year. For example long term loan that has a life span of 5years.

So in the question:

(a) A note payable for $100,000 due in 2 years. - Non-current liability

(b) A 10-year mortgage payable of $200,000 payable in ten $20,000 annual payments. - Both ( $200,000 payable in ten years is a non-current liability while the $annual payment of $20,000 is a current liability.

(c) Interest payable of $15,000 on the mortgage - current liability

(d) Accounts payable of $60,000 - current liability

4 0

4 years ago