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nadya68 [22]
2 years ago
15

If a process only has random variations, then 95.5% of the time the sample averages will fall within approximately

Business
1 answer:
Elena L [17]2 years ago
3 0
The answer is 3 standard deviation of the population mean
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Ricardo's Mexican Restaurant incurred salaries expense of $62,000 for 2018. The payroll expense includes employer FICA tax, in a
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Answer:

1. Journalize Ricardo's expenses for employee benefits and for payroll taxes. Explanations are not required.

Assuming Ricardo has not yet paid the expenses:

XX, 2018, employee benefits and payroll tax expenses

Dr FICA tax (OASDI) expense 3,844

Dr FICA tax (Medicare) expense 899

Dr FUTA tax expense 132

Dr SUTA tax expense 1,188

Dr Worker health insurance 3,000

Dr Worker life insurance 330

Dr 401k plan 6,200

    Cr FICA tax (OASDI) payable 3,844

    Cr FICA tax (Medicare) payable 899

    Cr FUTA tax payable 132

    Cr SUTA tax payable 1,188

    Cr Worker health insurance payable 3,000

    Cr Worker life insurance payable 330

    Cr 401k plan payable 6,200

If Ricardo has already paid the expenses and benefits, you should only credit cash for $15,593

2. What was Ricardo's total expense for 2018 related to payroll?

$15,593 + $62,000 = $77,593

Explanation:

salaries expense $62,000

FICA taxes (OASDI) = $62,000 x 6.2% = $3,844

FICA taxes (Medicare) = $62,000 x 1.45% = $899

FUTA taxes = $22,000 x 0.6% = $132

SUTA taxes = $22,000 x 5.4% = $1,188

health insurance $3,000

life insurance $330

retirement benefits $6,200

6 0
3 years ago
Essay of market structure
ASHA 777 [7]

Market structure serves as the way the industries in the market are been classified.

<h3>What is Market structure ?</h3>

Market structure can be regarded as a structure that is used in the classification of different industry that made up a market.

The types of market structures are:

  • perfect competition
  • oligopoly market
  • monopoly market
  • monopolistic competition.

These classification is usually done base on based on their degree and nature of competition of that industry.

Learn more about  Market structure here: brainly.com/question/3010212

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2 years ago
What type of information system would a chain of theaters use to sell<br><br> tickets?
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Answer:

transaction processing system

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3 years ago
PLS I NEED THIS FAST !!! IN THE MIDDLE OF THE TEST AND ITS DUE IN A COUPLE OF MINUTES !!! I WILL GIVE BRAINLIEST
weeeeeb [17]

Answer:.

Explanation:

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3 years ago
Acme Manufacturing Company prepared a fixed budget based on the expected sales of 160,000 units. That fixed budget included vari
Ksju [112]

If Acme Manufacturing Company uses flexible budgeting and actually sells 200,000 units during the period, these amounts will be included in its flexible budget performance report:

Variable costs = $1,000,000

Fixed costs = $240,000

<h3>What is a flexible budget?</h3>

A flexible budget adjusts the budget according to the activity or volume levels of the company.

For instance, if the total variable costs is $800,000 with expected sales of 160,000 but the actual sales equal 200,000, the flexible budget will be adjusted to $1,000,000 ($800,000/160,000 x 200,000).

<h3>Data and Calculations:</h3>

Expected sales = 160,000 units

Fixed Budget Figures:

Total variable costs = $800,000

Total fixed costs = $240,000

Flexible Budget Figures:

Total variable costs = $1,000,000 ($800,000/160,000 x 200,000)

Total fixed costs = $240,000

Thus, the flexible budget will still maintain the total fixed costs since they do not vary according to the volume level, within the relevant range.

Learn more about flexible budgets at brainly.com/question/14015382

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1 year ago
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