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DochEvi [55]
3 years ago
12

PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!

Business
1 answer:
Morgarella [4.7K]3 years ago
8 0

Answer:

3%, 84, 6%

Explanation:

So lets look at what they are saying. They say that the company lets Whitney match up to 6% of her salary.

They say that Whitney matches up ONLY 3% of her salary

They also say that Whitney's salary is is 2,800 dollars per month.

The firs question asks what percenage of her salary Whintney's company contributes.

They said that Whitney  contributes 3% of her salary.

<u>So this means that the first answer box is 3%.</u> Remember that it would not be 6%, becuase that is the MAXIMUM percentage that whitney's emplyers can contrubite of her salary, not the actualy percentage that whitney's employers are actually contributing.

Next we they ask for the amount of money this eprcentage is.

To find this, take 3% of her smonthly salary, which we know is 2,800:

2800*0.03

=

84

<u>So we know that the answer for the second fill in box is 84.</u>

Finally we have the third fill in box which is asking what percentage of her salary Whitney SHOULD be contributing.

Well, recall that they said the MAXIMUM percentage the company will ocntribute is 6%? And Whitney is only contributing 3%?

<u>The answer to the last fill in box would be 6%</u>, since that is the MAXIMUM amount of money that can be put into her 401k. She is only putting in 3% of her salary, which isnt as benfical.

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Answer and Explanation:

The computation is shown below:

Interest payable:

= Borrowed amount × rate of interest × given months ÷ total months

= $80,000 × 7% × 5 ÷ 12

= $2,333.33

And,

Interest expense:

= Borrowed amount × rate of interest × given months ÷ total months

= $80,000 × 7% × 3 ÷ 12

= $1,400

So here for recording the payment of interest the interest payable is debited for $2,333.33

The same is to be considered

6 0
3 years ago
Robinson Manufacturing found the following information in its accounting records: $523,000 of direct materials used, $215,000 of
cupoosta [38]

Answer:

Company’s Cost of Goods Manufactured = $1,506,500

Explanation:

Use following formula to calculate cost of goods manufactured

Cost of Goods Manufacture = Direct Material cost + Direct labor cost + Manufacturing overhead + Work in process beginning balance - Work in process Ending balance

Cost of Goods Manufacture = $523,000 + $215,000 + $774,500 + $78,000 - $84,000

Cost of Goods Manufacture = $1,506,500

3 0
3 years ago
3. What is meant by economy of scale? Why would costs be im pacted by the quantity of garment that is produced?
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Answer:

Economies of Scale refer to the cost advantage experienced by a firm when it increases its level of output. The advantage arises due to the inverse relationship between per-unit fixed cost and the quantity produced. The greater the quantity of output produced, the lower the per-unit fixed cost.

Explanation:

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3 years ago
In 2019, Felicity's business use of her vehicle fell to less than 50%. Regular MACRS depreciation had been used in prior years.
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Answer:

(d) Straight-line method (SL), the same convention as used in the first year of depreciation, ADS recovery period

Explanation:

The straight line method is the best to use, the convention to be used is the same as what was used in the first year of depreciation and the recovery period in 2019 is the ADS recovery period.

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5 0
3 years ago
The following account titles were drawn from the general ledger of Holt Food Supplies, Incorporated (HFSI): Computers, Operating
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Answer:

For the provided accounts we have

Assets = Liabilities + Stockholder's equity

Stockholder's Equity = Stock + retained earnings

Here, for the list the items and their respective headings are:

Main solution:

Computers = Asset

Operating expenses = Retained earnings = Stockholder's Equity

Rent Revenue = Retained Earnings = Stockholder's Equity

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Land = Asset

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Office Furniture = Asset

Salaries Expense = Retained Earnings = Stockholder's Equity

Common Stock = Stockholder's Equity

Service Revenue = Retained Earnings = Stockholder's Equity

Interest Expense = Retained Earnings = Stockholder's Equity

Dividends = Retained Earnings = Stockholder's Equity

Supplies Expense = Retained Earnings = Stockholder's Equity

Note: All the expense items are deducted from retained earnings and thus deducted from stockholder's equity.

And all the incomes are added to retained earnings and thus, added to stockholder's equity.

3 0
3 years ago
Read 2 more answers
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