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3 years ago

One study found that _____ of the individuals 65 to 69 years of age considered themselves middle-aged.

1 answer:

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The answer is almost half. This is the result that they have found out in the study in which who has the age ranging from sixty five to sixty nine as middle aged. This study is conducted by Maier, Budner and Lachman in the year 2000.

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During the month of March, Oriole Company's employees earned wages of $80,000. Withholdings related to these wages were $6,120 f

uysha [10]

Answer:

Oriole company

The wage earned by the employees is $80,000. However certain deductions need to be recognized and made payable to respective statutory institutions.

After deductions the Employee should receive $59,800 (80,000 - 6,120 - 9,600 - 4,000 - 480)

Journal entries

Debit Wage Account with $59,800

Debit FiCA (Employee) Account with $6,120

Debit Fed. income Tax (Employee) Account with $9,600

Debit State Income Tax (Employee) Account with $4,000

Debit Union Deductions (Employee) Account with $480

Credit Wages Payable Account with $80,000

(Being Wages earned in March and its distribution between accruals to employee and accruals to statutory bodies)

Debit Employer state unemployment taxes Account with $800

Credit Employer state unemployment taxes Payable Account with $800

(Being employer contribution to unemployment taxes in March)

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3 years ago

In March, gross earnings of Perlman Company totaled $250,000. All earnings are subject to 7.65% FICA taxes, 5.4% state unemploym

erastova [34]

Answer:

A. Employer payroll tax expense includes FICA and State and Federal Unemployment tax.

= (250,000 * 7.65%) + (250,000 * 5.4%) + (250,000 * 0.8%)

= 19,125 + 13,500 + 2,000

= $‭34,625

Date Details Debit Credit

March Payroll Tax expense $34,625

FICA Taxes $19,125

State Unemployment Taxes $13,500

Federal Unemployment Taxes $2,000‬

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3 years ago

The ________ section of the statement of cash flows includes increases and decreases in long-term assets.

andre [41]

The investment activities section of the statement of cash flows includes increases and decreases in long-term assets.

Long-term assets are investment based activities which included equipment used in a business and the building thats built for a business to run in. If you were to sell your long-term assets and make a profit, this would also but included in the investment activities section of the state of cash flows.

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3 years ago

The following data concerns a proposed equipment purchase: Cost$144,000 Salvage value$4,000 Estimated useful life 4years Annual

ycow [4]

Answer: $74,000

Explanation:

The Average Investment refers to the average cash invested into a particular project and is useful in calculating the rate of return. The simple formula is to add the beginning value of the asset to its ending value and divide this by 2.

The ending value in this case would be the salvage value;

Average Investment = $\frac{Beginning Cost of Machine + Salvage Value}{2}$

= $\frac{144,000 + 4,000}{2}$

= $74,000

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3 years ago

Which statement on MRP explosion is BEST? Group of answer choices It calculates the total number of subassemblies, components, a

lutik1710 [3]

Answer:

It calculates the total number of subassemblies, components, and raw materials needed for each parent item.

Explanation: A maximum retail price (MRP) is a manufacturer calculated price that is the highest price that can be charged for a product sold in India and Bangladesh. However, retailers may choose to sell products for less than the MRP.

It is called Process Explosion to refer to Routings (Bill of Operation), take the manufacturing order to processes, and then issue an operation order by the process. By performing the Process Explosion, the necessary processes to produce an item, the order for performing them, the labor hours in each process, and etc.

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3 years ago