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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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The following information is available for Blossom Company for the year ended December 31, 2020. Beginning cash balance $ 47,610
soldier1979 [14.2K]

Answer:

<h2>           Blossom Company</h2><h2>     Statement of Cash Flows</h2>

                    December 31, 2020

Cash flow from operating activities

Net income                                                              $300,578

Adjustments to reconcile net income:                   $159,970

  • Depreciation expense $171,396
  • - Accounts receivable increase ($8,676)
  • - Inventory increase ($11,638)
  • Accounts payable decrease $3,915
  • Income taxes payable increase 4,973

<u>                                                                                                    </u>

Net cash provided from operating activities          $460,548

Cash flow from investing activities

Sale of land at book value                                         $37,030

- Purchase of building                                            ($305,762)

<u>                                                                                                   </u>

Net cash flow from investing activities                 ($268,732)

Cash flow from financing activities

Issuance of bonds                                                    $211,600

- Purchase of treasury stock                                  ($27,508)

- Dividends paid                                                      ($12,696)

<u>                                                                                                 </u>

Net cash flow from financing activities                  $171,396

Net increase in cash during the year                    $363,212

<u>Beginning cash balance                                          $47,610 </u>

Cash balance at December 31, 2020                   $410,822

6 0
3 years ago
Stubbs Company uses the perpetual inventory method. On January 1, Year 1, Stubbs purchased 400 units of inventory that cost $8.0
Sonja [21]

Answer:

A. USD 5,180/-

Explanation:

In the actual method of inventory valuation, the inventory reaming and the COGS (Cost Of Goods Sold) is measured after each purchase or sale of a  transaction. So the COGS and the remaining value of the inventory is known all the time.

Formula:

  • Gross margin is equal to Sales minus COGS

3 0
2 years ago
The following transactions have been journalized and posted to the proper accounts: 1. Mark Call invested $7,000 cash in his new
goblinko [34]

Answer:

$6,450

Explanation:

Calculation to determine the balance in Cash for this design service business

Using this formula

Cash balance=Cash Amount invested+Cash Received-Rent- Equipment purchased-Supplies

Let plug in the formula

Cash balance=$7,000+$3,000-$700-$2,000-$850

Cash balance=$6,450

Therefore the balance in Cash for this design service business is $6,450

8 0
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Answer:

donate it to a charity.

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6 0
3 years ago
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Leviafan [203]

Answer:

(a) Belief that a company will remain in operation for the foreseeable future.

Accounting assumption or principle: Going concern assumption

(b) Indicates that personal and business record-keeping should be separately maintained.

Accounting assumption or principle: Economic entity assumption

(c) Only those items that can be expressed in money are included in the accounting records.

Accounting assumption or principle: Monetary unit assumption

(d) Separates financial information into time periods for reporting purposes.

Accounting assumption or principle: Periodicity assumption

(e) Measurement basis used when a reliable estimate of fair value is not available.

Accounting assumption or principle: Historical cost principle

(f) Dictates that companies should report all circumstances and events that make a difference to financial statement users.

Accounting assumption or principle: Full disclosure principle

4 0
3 years ago
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