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2 years ago

Lantz Company has provided the following information:

Business

1 answer:

Ber [7]2 years ago

6 0

Answer:

The answer is "$272,000"

Explanation:

$\text{Operating revenues}$ $= \$ 280,000 + \$ 488,000 = \$ 786,000$

$\text{Operating expenses}$ $= \$ 350,000 + \$ 38,000 + \$ 48,000 + \$ 78,000 = \$ 514,000$

$\text{Operating income = Operating revenues- Operating expenses}$

$= \$ 786,000 - \$ 514,000\\\\ = \$ 272,000$

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Benefits can represent more than ______ of the employer's total payroll costs. a. 28 percent b. 7 percent c. 66 percent d. 12 pe

gtnhenbr [62]

Answer:

b. 7 percent

Explanation:

Benefits here means the statutory benefits that the employees have a right to receive. These on the legal terms are the requirements, as the employer is required to contribute around 7.65% of the salary paid to the employee towards benefits of social security and Medicare.

This clearly is the standard set for the payroll. Now this also provides for the minimum contributions, thus it provides that at-least these are to be made.

Thus, each employer when making a standard salary shall contribute more than 7% towards the benefits of the employees.

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2 years ago

Essay of circular flow

Setler79 [48]

Circular flow is a model of economy in which major exchanges are showed as flow of money, food, goods, services and etc between economic agents. In circular flow, the flows of money and goods exchanges in a closed circuit but runs oppositely. Circular flow analysis is the basis of national accounts.

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3 years ago

Jeremy is working on a spreadsheet which part of the information processing cycle will justify Jeremy’s use of the spreadsheet a

alukav5142 [94]

Jeremy is working on a spreadsheet, the processing of the information processing cycle will justify Jeremy’s use of the spreadsheet and give the final output. Applying instructions to data takes place during the PROCESSING stage of the information processing cycle.

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2 years ago

For each separate case, record an adjusting entry (if necessary). Barga Company purchases $32,000 of equipment on January 1. The

scoundrel [369]

Answer:

Equipment:

Dr. Cr.

Depreciation Expense $5,520

Accumulated Depreciation $5,520

Land:

Land never depreciates, so there is no adjusting entry for the Land purchased on year end.

Explanation:

Year end is not given in the data so, it is assumed the December 31 is the end of the year

Equipment

Depreciation for the year = ( Purchase price - Residual value ) / useful life

Depreciation for the year = ( $32,000 - $4,400 ) / 5 years

Depreciation for the year = $5,520

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3 years ago

3. Suppose you are thinking of purchasing the Moore Co.’s common stock today. If you expect Moore to pay $3.1, $3.38, $3.70, $4.

BlackZzzverrR [31]

Answer:

$69.87

Explanation:

The price i would be willing to pay for the stock can be determined by finding the present value of the dividend payments

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 1 = 3.1

Cash flow in year 2 = 3.38

Cash flow in year 3 = 3.70

Cash flow in year 4 = 4.02

Cash flow in year 5 = 4.38 + 95 = 99.38

I = 11%

Present value = $69.87

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

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2 years ago