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BaLLatris [955]
3 years ago
13

McCoppin Industries has three employees: Dean, Annie and Kent. Dean works entirely in State A and was paid a salary of $130,000

plus a $30,000 bonus. Annie works entirely in State B and was paid a salary of $50,000. Kent works 60% of the time in State A and 40% of the time in State B and was paid $100,000 in commissions. Calculate McCoppin's payroll factor for State A
Business
1 answer:
KonstantinChe [14]3 years ago
7 0

Answer:

All of Dean's compensation must be included in State A = $130,000 + $30,000 = $160,000

None of Annie's compensation is included in State B = $0

Kent's compensation is also included in State A since the majority of hiss ales are carried out there = $100,000

total payroll allocated to State A = $260,000

payroll factor = $260,000 / ($260,000 + $50,000) = 83.87% = 84%

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7 0
3 years ago
the Bailey Brothers want to issue 20-year , zero coupon bonds that yield 9% .what price should it charge for these bonds if the
prohojiy [21]

Answer:

the amount charged is $178.43

Explanation:

The computation of the price charged is  shown below:

As we know that

Future value = Present value × (1 + rate)^number of years

So,

Present value = Future value ÷ (1 + rate)^no of years

= $1,000 ÷ (1 + 0.09)^20

= $1,000 ÷ 1.09^20

= $178.43

Hence, the amount charged is $178.43

6 0
3 years ago
Hadley Corporation issued 200,000 shares of $5 par value common stock for $25 per share. During that year, the corporation susta
kari74 [83]

Answer:

D : common stock of $1,000,000

Explanation:

Hadley Corporation

Issued shares × par value common stock

Issued shares 200,000

Par value common stock $5

Hence:

200,000 x $5

= $1,000,000

Therefore the year-end balance sheet would show a common stock.of $1,000,000

8 0
3 years ago
What are the three basic tools used to implement U.S. monetary policy? Describe in detail how each tool can be used to both expa
Luba_88 [7]

Answer:

The three basic monetary policy tools used by the U.S are; The discount rate, open market operations and reserve requirement.

Explanation:

The discount rate – This is the rate charged by Reserve Banks when lending short term loans to Commercial Banks. If there is a wish to expand the economy, the discount rate is lowered. This, in a domino effect, causes other interest rates such as consumer lending by commercial banks to lower. This encourages lending and spending by consumers and businesses through an increase in the money supply. When there is a wish to implement a contractionary policy, the discount rate is lowered thus causing other lending and borrowing rates to increase. This discourages borrowing and lending, eventually reducing the money supply in the economy.

Open market operations – This policy is achieved through the buying and selling of U.S Government securities. To achieve expansionary effects on the economy, the Fed buys government securities from members of the public, increasing the economy’s money supply. If, on the other hand, contractionary effects are desired, the Fed sells government securities to members of the public, and thus reducing the money supply.

Reserve requirements – These are portions of deposits that banks must hold in cash, either with the Reserve Bank or in their vaults. When there is a desire to practice expansionary policies, the Reserve bank lowers the requirement level thus increasing the amount of money that is available for lending in the commercial banks. This increases the money supply. If the Fed wishes to contract the economy, then the reserve requirement level is decreased thus reducing the money available for lending and in a ripple effect, the general level of money supply reduces.

4 0
3 years ago
As measured in 2008, about _________ of U.S. trade and ________ of European trade is intra-industry trade.
Natalija [7]

Based on information available, as measured in 2008, about 60 percent of U.S. trade and 60 percent of European business is intra-industry trade.

<h3>What is intra-industry trade?</h3>

The intra-industry trade is a term used in describing the commercial activities that involve the exchange of related products about the same industry.

The intra-industry trade is common in international markets where related features are exchanged between countries.

Based on the information released in 2008, the intra-industry trade takes a massive part of the USA and Europe trade, with 60 percent each.

Hence, in this case, it is concluded that intra-industry trade is a common phenomenon in the international market.

Learn more about Intra-industry trade here: brainly.com/question/8495793

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2 years ago
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