Net pay is calculated by subtracting deductions from Net Pay.
In this case:
Gross Pay is 40 hours X $9/hr (regular pay) PLUS 3 hours X (13.50 -- 1.5 times the normal pay) for overtime
Once you have Gross Pay, you multiply that by the percentages given for the deductions and subtract that total from Gross Pay.
One note, in this case, federal taxes are not withheld from the amount given to 401(k). So to figure the taxes you would:
(Gross Pay - 401(K) contribution) X 10%
Gross Pay - deductions = net pay
Answer: Increase in assets and increase in liabilities.
Explanation: As we know that accounting equation is denoted as :-
Assets = capital + liabilities
where,
. Assets are the resources owned by the firm for the generation of revenue.
. Capital means the funds procured by company in the form of contribution by the owners or in the form of debt.
. Liabilities are the obligations on the company.
.
Purchase of office equipment on credit will result in increase in assets as office equipment is used for administration purposes and as it is purchased on credit it will also increase its liabilities.
It’s the first one, Command then Mixed then Market
Answer:
corporate finance
capital markets
investments
Explanation:
Corporate finance is a branch of finance that is concerned with how companies manage their sources of funds, capital structure and make investment decisions.
Ethan must make a decision on how to minimise cost so as to acquire more assets. the purchase of asset is an investment decision. the area of finance here is corporate finance.
Capital market is a market where buyers and sellers come together to buy and sell financial securities.
There are two types of capital markets :
- Primary market - new issues of stocks and securities are traded in this market.
- Secondary market -previously issued securities are traded in this market.
Radford is selling a newly issued common stock. He is engaged in the primary market of the capital market
Investment is an asset purchased that has the potential to increase wealth or income of the purchaser.
For example, the purchase of of securities has the potential to increase the wealth of the holder.
Aakash is involved in investment
