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Tresset [83]
3 years ago
9

Trey Morgan is an employee who is paid monthly. For the month of January of the current year, he earned a total of $4,540. The F

ederal Insurance Contributions Act (FICA) tax for social security is 6.2% of the first $137,700 earned each calendar year, and the Federal Insurance Contributions Act (FICA) tax rate for Medicare is 1.45% of all earnings for both the employee and the employer. The amount of federal income tax withheld from his earnings was $680.70. His net pay for the month is:
Business
1 answer:
love history [14]3 years ago
3 0

Answer:cheating is

Explanation:bad

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Helen [10]
Credit limit refers to the maximum amount of credit a financial institution extends to a client through a line of credit as well as the maximum amount a credit card company allows a borrower to spend on a single card.
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4 years ago
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n rural areas electrical power is often sold by ____________ that take advantage of the government's policy to sell them electri
Dmitriy789 [7]

Answer:

Cooperatives

Explanation:

Cooperatives are people-centered enterprises owned, controlled, and run by and for their members to realize their common economic, social, and cultural needs and aspirations.

4 0
3 years ago
10 points Return to questionItem 3Item 3 10 points Suppose Stark Ltd. just issued a dividend of $2.24 per share on its common st
8_murik_8 [283]

Answer:

a. The  best estimate of the company’s cost of equity capital using the arithmetic average growth rate in dividends is 10.91%

a. The best estimate of the company’s cost of equity capital using the geometric average growth rate is 10.88%

Explanation:

a.

Time Dividend per share ($)     Growth

-4                       1.80  

-3                       1.98                      10.00%

-2                       2.05                       3.54%

-1                       2.16                        5.37%

0                       2.24                         3.70%

Average                                           5.65%

D0 = $ 2.24 / share

g = 5.65%  

D1 = D0 x (1 + g)

     = 2.24 x (1 + 5.65%)

      = $ 2.37

Current share price = P = $ 45 = D1 / (Ke - g)

The cost of equity = D1 / P + g

                                                 = 2.37 / 45 + 5.65%

                                                  = 10.91%

Therefore, The  best estimate of the company’s cost of equity capital using the arithmetic average growth rate in dividends is 10.91%

a. What if you use the geometric average growth rate?

A DPS of $ 1.80 / share 4 years back has given way to a DPS of $ 2.24 today.

CAGR, g = (2.24 / 1.80)1/4 - 1

               = 5.62%

D1 = 2.24 x (1 + g)

    = 2.24 x (1 + 5,62%)

    = $  2.37

cost of equity = D1 / P + g

                       = 2.37 / 45 + 5.62%

                        = 10.88%

Therefore, The best estimate of the company’s cost of equity capital using the geometric average growth rate is 10.88%

7 0
3 years ago
Free Cash Flow Catering Corp. reported free cash flows for 2008 of $8.19 million and investment in operating capital of $2.19 mi
DiKsa [7]

Answer:

EBIT is $11.67 million

Explanation:

For computing the EBIT, first we have to calculate the operating cash flow which is shown below:

FCF = Operating cash flow – Investment in operating capital

$8.19 million = Operating cash flow - $2.19 million

So, the Operating cash flow = $10.38 million

Now we apply the operating cash flow which is shown below:

The operating cash flow is shown below:

= EBIT + Depreciation - Income tax expense

$10.38 million = EBIT + $0.9 million -2.19 million

$10.38 million = EBIT  - $1.29 million

So, EBIT is $11.67 million

8 0
3 years ago
Question 18
Scilla [17]

Answer:

if, before the sale, notice is given to Fertile Farm.

Explanation:

hope this helps you have a nice day :)

5 0
2 years ago
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