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3 years ago

The amount of money withheld from an employee's paycheck is...

Business

1 answer:

bixtya [17]3 years ago

5 0

Answer:

A.Payroll deductions

Explanation:

Withholding is the action by employers to retain a portion of an employee's salary for a specific function. Money withheld does not get to the employee bank's account. The amount withheld is shown in the pay stub, but the employee will not access it.

Employers collect the amounts withheld and remit them to the concerned agency. Deductions are usually a percentage of the employee's gross pay.

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Nichols Enterprises has an investment in 250 bonds of Elliott Electronics that Nichols accounts for as a security available for

abruzzese [7]

Answer:

securities available for trade: 250,000

Explanation:

The investment will be trade at market value. which is 1,200

Nichols cannot set the price of an assetat his own will. If possible a company will do it to increase his assets and look more solid than it is.

To evaluate the bonds at 1,200 the market price will need to be at 1,200

Currently the price third parties gives the security is 1,000 so it should carry the investment at

250 bonds x 1,000 market value = 250,000

4 0

3 years ago

A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera

Tamiku [17]

Answer:$192.200

Explanation: sales revenue ($135 × 6,200) ................................................. $837,000 Variable cost: .......................................................................... Direct materials ($49 × 6,200) ........................................... $303,800 Direct labor ($38 × 6,200) .................................................. 235,000 Variable manufacturing overhead ($6 × 6,200) .................. 37,200 Variable selling and administrative ($11 × 6,200) ............. 68,200 644,800 Contribution margin ............................................................... $192,200

4 0

3 years ago

On July 1, 2017, Wyler Company placed a new asset into service. The cost of the asset was $90,000 with an estimated 9-year life

Drupady [299]

Answer:

$9000

Explanation:

Depreciation is a systematic allocation of the cost of an asset over its useful life. One method of depreciation is the straight line method where the value of an asset is uniformly and gradually written off over its useful life

Working

Cost of asset - $90000

Useful life - 9years

Salvage value - $9000

Fiscal year - (Jan 1- Dec 31)

Depreciable amount- (90000-9000)= $81000

Annual depreciation (straight line ) 81000/9 = $9000

December 31 2017 depreciation expense = $9000*1/2 = 4500

Decemebr 31 2018 depreciation expense = $9000

5 0

3 years ago

29) Sheldon Company is trying to decide which one of two contracts it will accept. The costs and revenues associated with each a

topjm [15]

Answer:

So, the relevant cash flows are Revenue, materials and labour cost.

Explanation:

A relevant cashflow is that which is future cash cost/revenue which arises as a direct consequence of a decision. For a cost or revenue to be considered a relevant cashflow it must satisfy the following conditions:

1) Futuristic 2).Cash based 3)Incremental

Relevant cash flows for the contracts are set down below:

$ $

Revenue 200,000 260,000

Materials (10,000) (10,000)

Labor (88,000) (120,000)

Net cash flow 102,000 130,000

Depreciation is not a cash item, the consulting advice fee is already a sunk cost. Apportioned overhead is also not a direct cost but sunk

So, the relevant cash flows are Revenue, materials, labour

6 0

3 years ago

"Fresh Veggies, Inc. (FVI), purchases land and a warehouse for $460,000. In addition to the purchase price, FVI makes the follow

Artyom0805 [142]

Answer:

Cost of land = $519,000

Explanation:

According to International Accounting Standards (IAS) 16, property plants and equipments, the cost of land includes all of the cost necessary to bring and make it ready for the intended use.

These costs include purchase cost, fees and commission associated with the purchase transaction.

Further more, included in the historical cost are the net demolition cost of old structure to prepare the land for use. Net cost here means cost of demolition less any incidental proceed from the old structure.

Note that all the costs incurred by FVI as reported all fall into the above definition of cost of land.

Therefore the cost of the land would be

=460,000 + 26,000 + 1,600+ 5,400 + 26,000

= $519,000

5 0

3 years ago