Answer:
What is the probability that the next student to purchase a meal plan will be assigned to the Commons?a. 0.33
Explanation:
P(A) = (No. of ways A can occur)/(Total no. of possible outcomes)
P=1/3
P=0,333
Answer:
The journal entry to record payroll for the January 2013 pay period will include a debit to payroll tax expense of $6,760
Explanation:
In order to calculate The journal entry to record payroll for the January 2013 pay period we would have to calculate the payroll tax expense as follows:
payroll tax expense=Federal unemployment tax rate+(Social security tax rate+medicare tax rate)*Salaries
Federal unemployment tax rate=$80,000*0.80%
Federal unemployment tax rate=$640
(Social security tax rate+medicare tax rate)*Salaries= (6.2%+ 1.45%)*$80,000
(Social security tax rate+medicare tax rate)*Salaries=$6,120
Therefore, payroll tax expense=$640+$6,120
payroll tax expense=$6,760
The journal entry to record payroll for the January 2013 pay period will include a debit to payroll tax expense of $6,760
Answer: C. $250
Explanation: fixed cost are cost which do not change even when other factors Change. Example of fixed cost is ‘rent’ even if the employees increase up to a 100 this variable won't affect the cost of rent which is $250. Unlike salary that increases with an increase in workers.
Labour cost per day of hiring two workers = $80 x 2 = $160
Total cost per day when three
workers are hires. This includes both the fixed cost and labour cost
Total Cost = fixed cost + labor cost
= $250 + $80 x 3
= $490.
