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2 years ago

Can somebody help me with my assignments

Business

1 answer:

rodikova [14]2 years ago

5 0

Answer: sure what is it?

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Mr. Uzumaki

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If the Federal Reserve sells $50 billion of short-term U.S. Treasury Securities to the public, other things held constant, what

VLD [36.1K]

Answer:

Explanation:

5 0

3 years ago

In Part 5 of Form 940, Peterson Company reported FUTA tax liabilities as follows:

kari74 [83]

Answer:

First quarter: amount $0 date: -

Second quarter: amount $606.60 date: July 31

Third quarter: amount $0 date: -

Fourth quarter: amount $537 date: January 31

Explanation:

As per IRS, in part 5 of Form 940, Peterson Company will report FUTA tax liability by Quarter only if Total FUTA Tax after Adjustments is more than $500. So, Peterson Company is not required to pay FUTA tax until FUTA tax liability is more than $500 and if in any particular quarter the FUTA tax liability is less than $500 then the cumulative amount will be taken with the next quarter until the FUTA tax liability reaches more than $500. So first quarter will add up with quarter 2 and the FUTA tax liability will be $606.60 & third quarter will add up with fourth quarter and the FUTA tax liability will be $537.

As far as due dates are concerned, the due date of the first quarter is the month after the end of first quarter. So, for the quarter from January to March the Due Date will be April 30, from April to June the Due Date will be July 31, from July to September the Due Date will be October 31, from October to December the Due Date will be January 31.

6 0

4 years ago

On January 15, the end of the first biweekly pay period of the year, North Company's payroll register showed that its employees

Nostrana [21]

Answer:

Jan 15

Dr Salaries expense 30,000

Cr FICA - Social sec taxes payable 1,860

Cr FICA - medicare taxes payable 435

Cr Employee medical insurance payable 484

Cr Employee union dues payable 260

Cr Salaries payable 23,961

Cr Federal income taxes payable 3,000

Explanation:

General journal debit credit

Jan 15

Dr Salaries expense 30,000

Cr FICA - Social sec taxes payable (30,000*6.2%) 1,860

Cr FICA - medicare taxes payable

(30,000*1.45%) 435

Cr Employee medical insurance payable 484

Cr Employee union dues payable 260

Cr Salaries payable 23,961

Cr Federal income taxes payable 3,000

8 0

3 years ago

if you cause a car accident, which type of insurance will require you to pay the least out of pocket?

Nonamiya [84]

a high deductible plan would require the least out of pocket... a low deductible would be the opposite and you would pay most out of pocket

3 0

3 years ago

Macy Corporation's relevant range of activity is 8,100 units to 16,500 units. When it produces and sells 12,300 units, its avera

Bingel [31]

Answer:

Contribution margin per unit = $18.55

Explanation:

Contribution margin = Net sales value - Variable cost per unit.

Variable cost per unit will be same as that of average variable cost, as is completely proportional to number of units.

Variable cost is 100% avoidable for the units not produced.

Thus,

Total Variable cost per unit shall be:

Direct material = $5.50

Direct Labor = $3.95

Variable manufacturing overhead = $1.95

Sales Commission = $1.20

Variable administrative expense = $0.85

Total variable cost = $13.45

Selling price per unit = $32.00

Therefore, contribution margin per unit = $32 - $13.45 = $18.55

6 0

4 years ago