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Morgarella [4.7K]
3 years ago
14

Roman Industries' plant operates five days per week with a daily payroll of $6,000. Employees are paid every Saturday for the wo

rkweek just completed (Monday through Friday). The last day of the month is Wednesday, March 31. What is the amount of Wages Expense recorded on the next payday, Saturday, April 3
Business
1 answer:
Sergeu [11.5K]3 years ago
4 0

Answer:

$12,000

Explanation:

Calculation to determine the amount of Wages Expense recorded on the next payday, Saturday, April 3

Using this formula

Wages Expense=Daily payroll *2 days

Let plug in the formula

Wages Expense=$6,000*2 days

Wages Expense=$12,000

Therefore the amount of Wages Expense recorded on the next payday, Saturday, April 3 is $12,000

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Store A purchases cases of fertilizer for its lawn-care business from a supplier who charges Store A $30 per order and $50 per c
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Paula earns $40,000 per year and rides her bicycle to work. There is a 1% chance that she will break her leg in the next year an
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Answer:

$40

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8 0
3 years ago
Could I Industries just paid a dividend of $1.62 per share. The dividends are expected to grow at a rate of 20 percent for the n
nata0808 [166]

Answer:

Explanation:

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Do=1.62$

G=4%

Ke=12%

Do(1+g)/Ke-g  =  2.0736(1+4%)/12%-4%

                      =   1.6848

/8%

                      =   53.916

                 Year Year Year Year Year  

                    0             1             2           3            4  

                          20%  20%  20% 20%  

Dividend             1        1.2      1.44  1.728 2.0736  

Ifninty dividend                                               55.91*  

Total Cashflows 1    1.2     1.44         1.728 55.98  

Pres.Val @12%    1     1.07142 1.14795  1.22995   35.583

     

Value of stock 40.030    

4 0
3 years ago
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