Answer:
$102
Explanation:
FUTA tax due from Willow Corporation for 2019, after the credit for state unemployment taxes, can be calculated by deducting the Paid state unemployment tax by the FUTA tax.
DATA
Paid State Unemployment Tax = (7,000+7,000+3,000) x 5.4%
Paid State Unemployment Tax = $918
FUTA tax rate in 2019 = 6%
Solution
FUTA tax (6% x $17,000) = $1,020
FUTA tax due = $1,020 - $918
FUTA tax due = $102
Answer:
Balance = $1,650
Explanation:
As Norma company has paid 4 months rent in advance, therefore at the end of June, norma company will record its 1-month expense as follows
Adjusting entry at the end of June would be
DEBIT CREDIT
Entry
Rent Expense $550
Prepaid Rent $550
The balance on Norma's prepaid expense would be
Prepaid Rent = $2200
Rent Expense = ($550)
Balance = $1,650
Answer:
The marginal return of production of the second worker or marginal product of the second worker is 10 cones.
Explanation:
One worker can make 15 cones of ice cream in an hour.
Two workers can make 25 cones in the same time.
While three workers can make 30 cones in an hour.
The marginal return of the production of the second worker is the contribution of the second worker in the total output.
Marginal return
= 25 cones - 15 cones
= 10 cones
Answer:
current account balance = $271.8 billion
Explanation:
given data
exported goods worth = $312 billion
exported services worth = $198 billion
imported goods worth = $525 billion
imported services worth = $255 billion
sent famine relief to Africa = $1.2 billion
received = $3 billion
to find out
current account balance in Vesey
solution
we know that current account balance as
current account balance = total expenses - total revenue .............1
here
total expenses are = $525 + $255 + $3 = $783 billion
and total revenue = $312 + $198 +$1.2 = $511.2 billion
so from equation 1
current account balance = $783 billion - $511.2 billion
current account balance = $271.8 billion
For short term financial goals, it would be best to put the money in an investment that earns the highest interest while still remaining <em>liquid (</em>aka easy to withdraw your money when you want). In this case some good options would be a high-interest earning savings or money market account.
For short term goals you want to avoid investments that require you to tie your money up for long periods of time like bonds or certificates of deposit.
