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3 years ago

10

Dr. Homer Simpson, an economics professor, decided to take a year off from teaching to run a commercial fishing boat in Alaska.

That year, Professor Simpson would be officially counted as

1 answer:

ehidna [41]3 years ago

6 0

Answer:

employed is the correct answer.

Explanation:

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McLoyd Company completed the salaries and wages payroll for March. The payroll provided the following details: Salaries and wage

Ilya [14]

Answer:

employer payroll taxes:

FICA taxes (social security and medicare) = $39,325 ⇒ employer's FICA taxes are identical to the withheld FICA taxes from employees
unemployment taxes = $3,825
total = $39,325 + $3,825 = $43,150

1) total labor cost = total wages + total employer payroll taxes = $550,000 + $43,150 = $593,150

2)

March 31, wages and salaries

Dr Wage expense 550,000

Cr Cash 459,800

Cr Federal income tax withholding payable 50,875

Cr FICA taxes withholding payable (employees) 39,325

3)

March 31, employer payroll taxes

Dr FICA taxes expense 39,325

Dr Unemployment tax expense 3,825

Cr FICA taxes payable 39,325

Cr Unemployment taxes payable 3,825

8 0

4 years ago

Ghost, Inc., has no debt outstanding and a total market value of $395,600. Earnings before interest and taxes, EBIT, are project

Step2247 [10]

Answer:

a-1 expands normal worse

EBIT 59890 53000 41340

equity 395600 395600 395600

ROE 15.14% 13.40% 10.45%

a-2

% change 1.74% -2.95%

b-1 EBIT 59890 53000 41340

equity 200600 200600 200600

debt 195000 195000 195000

ROE 29.86% 26.42% 20.61%

b-2

% change 3.44% -5.81%

c-1 EBIT 59890 53000 41340

tax (21%) 12576.90 11130 8681.40

NPAT 47313.10 41870 32658.60

equity 395600 395600 395600

ROE 11.96% 10.58% 8.26%

c-2

% change 1.38% -2.32%

c-3 EBIT 59890 53000 41340

tax (21%) 12576.90 11130 8681.40

NPAT 47313.10 41870.00 32658.60

equity 200600 200600 200600

debt 195000 195000 195000

ROE 23.59% 20.87% 16.28%

c-4

% change 2.72% -4.59%

Explanation:

Market to book ratio = market value per share / book value per share

1.0 = (395600/8600)/ book value per share

book value per share = 46/1.0

=46

equity = shares * book value per share

= 8600*45

= $395600

ROE = profit at the end / equity

6 0

3 years ago

Many new restaurants have opened in Collegetown in recent years. Given this change in supply, which type of demand curve would r

Mazyrski [523]

Answer:

elastic demand curve

Explanation:

Based on the information provided within the question it can be said that an elastic demand curve would result in the largest change in the price of restaurant meals. This is because this demand curve illustrates the large changes in prices as demand for the product or service either goes up or down throughout the years.

8 0

3 years ago

Madison wants to buy a car that will cost 15160 if Madison plans to save 1684 per month how many months will be necessary to sav

Fudgin [204]

She would have to save for 9 months

6 0

3 years ago

Pellew Corp. paid $600,000 for all of the outstanding common stock of Samos Co. in a business combination initiated and complete

andrezito [222]

Answer:

$40,000

Explanation:

The computation of the goodwill amount is shown below:

= Paid amount + liabilities - current assets - plant and equipment - carrying amount value

= $600,000 + $400,000 - $80,000 - $760,000 - $120,000

= $40,000

This $40,000 indicated the goodwill amount reported in its consolidated balance sheet

All other information which is given is not relevant. Hence, ignored it

5 0

3 years ago