Answer:
b. the member’s duty of care continues with respect to prior events.
Explanation:
In the case when the member stops to be associated with the carry on the business so depsite of the dissolution the care of the member should be related to the previous events as the member could owe the duty of care to LLP within the tort law and it continues even after the member leaves the LLP for the past events
Therefore the option b is correct
The chart shows the lowest price of the Microsoft stock over the last year and the highest price. If you had purchased the stock at the low point and sold it as the high point, what percent increase (to the nearest whole percent) in the price of the stock would you have experienced
Answer:
The percent increase (to the nearest whole percent) in the price of the stock you would have experienced is 34%.
Explanation:
Note: This question is not complete as the Chart is not included. To complete the question, the chart is therefore provided before answering the question. See the attached image for the chart.
The explanation of the answer is now provided as follows:
From the chart, we can identify the following:
52 week range 55.61 - 74.42
The above implies that:
The low point = 55.61
The high point = 74.42
Therefore, we have:
Percent increase in the price of the stock = ((The high point - The low point) / The low point) * 100 = ((74.42 - 55.61) / 55.61) * 100 = 34%
Therefore, the percent increase (to the nearest whole percent) in the price of the stock you would have experienced is 34%.
Farrar Corporation has two major business segments-Consumer and Commercial. Data for the segment and for the company for March appear below: In addition, common fixed expenses totaled $210,000 and were allocated as follows: $122,000 to the Consumer business segment and $88,000 to the Commercial business segment. Select one: a. test b. test c. test d. test
Answer:
The answer is "[tex]\$ 137,000[/tex]"
Explanation:
Please find the complete question in the attached file.
Commercial sector contribution margin
[tex]=\$137,000[/tex]
Margin per unit of contribution = sales price – Unit cost variables
Margin of Contributions = Revenue Sales - Fixed expenses
Aerospace industry variable costs
[tex]=\$280,000- \$143,000 =\$ 137,000[/tex]
. Sam Rothstein wants to borrow $15,500 to be repaid in quarterly installments over five years at 16% compounded quarterly. How much will his payment be
Answer:
$1,140.52 per Quarter
Explanation:
Loan Amount (P) = $15,500
Quarterly Interest Rate (n) = 4.00% [16.00% / 4]
Number of period (n) = 20 Periods [5 * 4]
Quarterly Loan Payment = [P * {r*(1+r)^n} ] / [(1+r)^n - 1]
= [$15,500 * {0.04 * (1+0.04)^20}] / [(1+0.04)^20 - 1]
= [$15,500 * {0.04 * 2.1911231}] / [2.1911231 - 1]
= [$15,500*0.0876449] / 1.1911231
= $1,358.50 / 1.1911231
= $1,140.52 per Quarter
Briggs Company has operating income of $36,000, invested assets of $180,000, and sales of $720,000. Use the DuPont formula to compute the return on investment and show (a) the profit margin, (b) the investment turnover, and (c) the return on investment
Answer:
a. 5 %
b. 4.00
c. 20 %
Explanation:
(a) the profit margin,
profit margin = Net Income / Sales x 100
= $36,000 / $720,000 x 100
= 5 %
(b) the investment turnover, and
investment turnover = Sales ÷ Total Assets
= $720,000 ÷ $180,000
= 4.00
(c) the return on investment
return on investment = Net Income ÷ Total Assets
= $36,000 /$180,000 x 100
= 20 %
Maybepay Life Insurance Co. is selling a perpetual contract that pays $3,894/year. The contract currently sells for $141,042. What is the rate of return on this investment? Enter answer as 4 decimals (e.g. 0.1234).
Answer:
2.76%
Explanation:
Let x be the yearly return
Sales price = $3,894 / x
$141,042 = $3,894 / x
x = $3,894 / $141,042
x = 0.0276088
x = 2.76%
So, the rate of return on this investment is 2.76%.
A bank has an 8 percent reserve requirement, $10,000 in deposits, and has loaned out all it can, given the reserve requirement. a. It has $1,250 in reserves and $8,750 in loans. b. It has $8,000 in reserves and $2,000 in loans. c. It has $800 in reserves and $9,200 in loans. d. It has $80 in reserves and $9,920 in loans.
Answer:
c. It has $800 in reserves and $9,200 in loans.
Explanation:
Calculation to determine the given reserve requirement
Reserves=8%*$10,000
Reserves=$800
Loans=$10,000-$800
Loans=$9,200
Therefore given the reserve requirement It has $800 in reserves and $9,200 in loans.
Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement:
Sales $1,638,000
Variable expenses 679,180
Contribution margin 958,820
Fixed expenses 1,055,000
Net operating income (loss) $(96,180)
In an effort to resolve the problem, the company would like to prepare an income statement segmented by division. Accordingly, the Accounting Department has developed the following information:
Division
East Central West
Sales $408,000 $650,000 $580,000
Variable expenses as a
percentage of sales 51% 35% 42%
Traceable fixed expenses $280,000 $333,000 $204,000
Required:
1. Prepare a contribution format income statement segmented by divisions.
2. The Marketing Department has proposed increasing the West Division's monthly advertising by $25,000 based on the belief that it would increase that division's sales by 16%. Assuming these estimates are accurate, how much would the company's net operating income increase (decrease) if the proposal is implemented
Answer:
Wingate Company
1. Contribution Format
Segmented Income Statement
For the most recent month
East Central West Total
Sales $408,000 $650,000 $580,000 $1,638,000
Variable expenses as a
percentage of sales 208,080 227,500 243,600 679,180
Contribution margin $199,920 $422,500 $336,400 $958,820
Traceable fixed expenses $280,000 $333,000 $204,000 $817,000
Non-traceable fixed expenses 238,000
Net income ($80,080) $89,500 $132,400 ($96,180)
2. The company's net operating loss will decrease by $28,824.
Explanation:
a) Data and Calculations:
WINGATE COMPANY
Income Statement for the most recent month
Sales $1,638,000
Variable expenses 679,180
Contribution margin 958,820
Fixed expenses 1,055,000
Net operating income (loss) $(96,180)
Division
East Central West Total
Sales $408,000 $650,000 $580,000 $1,638,000
Variable expenses as a
percentage of sales 51% 35% 42%
Traceable fixed expenses $280,000 $333,000 $204,000 $817,000
Non-traceable fixed expenses 238,000
West Division:
Traceable fixed costs = $229,000 ($204,000 + $25,000)
Sales revenue = $672,800 ($580,000 * 1.16)
Variable expenses = $282,576 ($672,800 *42%)
1. Contribution Format
Segmented Income Statement
For the most recent month
East Central West Total
Sales $408,000 $650,000 $580,000 $1,638,000
Variable expenses as a
percentage of sales 208,080 227,500 243,600 679,180
Contribution margin $199,920 $422,500 $336,400 $958,820
Traceable fixed expenses $280,000 $333,000 $204,000 $817,000
Non-traceable fixed expenses 238,000
Net income ($80,080) $89,500 $132,400 ($96,180)
2. Contribution Format
Segmented Income Statement
For the most recent month
East Central West Total
Sales $408,000 $650,000 $672,800 $1,730,800
Variable expenses as a
percentage of sales 208,080 227,500 282,576 718,156
Contribution margin $199,920 $422,500 $390,224 $1,012,644
Traceable fixed expenses $280,000 $333,000 $229,000 $842,000
Non-traceable fixed expenses 238,000
Net income ($80,080) $89,500 $161,224 ($67,356)
Decrease in net operating loss = $28,824 ($96,180 - $67,356)
The marginal propensity to expend is .85. Autonomous expenditures are $3,000. What is the level of equilibrium income in the economy
The level of equilibrium income in the economy is $20,000
Calculating the problem:
The level of equilibrium income in the economy:
Equilibrium (Y) = 3000+ 0.85 Y
Y - 0.85 Y = 3000
0.15 Y = 3000
Y = 3000 ÷ 0.15
Y = 20,000
The equilibrium income is 20,000.
How does the increase impact the income level at equilibrium?The ideal level of income is:
It describes a situation in which an economy's production and market demand are balanced. When the necessary aggregate demand for goods and services equals the necessary aggregate supply, the economy is at an equilibrium level of revenue and output.
In the income-expenditure model, the equilibrium occurs at the GDP level where total spending equals gross domestic product (or GDP). This equilibrium can be located graphically and algebraically.
At a certain interest rate, demand for money rises as income does. If there is a fixed supply of money, the interest rate must rise to reduce the demand for money and preserve equilibrium.
Learn more about Equilibrium here
brainly.com/question/27993423
# SPJ 2
Which of the following is a characteristic of a general partnership?
a. The partnership has an unlimited life.
b. The partners have co-ownership of partnership property.
c. The partners have limited liability.
d. The partnership is subject to federal income tax.
Answer:
i guess 2nd option will be the ans
The manager of a discretionary account places client funds in a suitable investment because it provides a higher commission than alternatives that are also suitable for the client. The selected investment subsequently appreciates in value. This investment manager did not:
Answer: C. have a conflict of interest because the investment was suitable for the client
Explanation:
Conflict of interest occurs when the aims of two different parties are not thesame. In such scenario, the best interest of an individual is different from the best interest of the other person.
Since the client funds placed for investment brought about a good return, then the investment manager doesn't have a conflict of interest because the investment was suitable for the client.
Samson Corporation had sales of $1,000,000 during 2012, of which 60 percent were on credit. On December 31, 2012, Accounts Receivable totaled $80,000, and Allowance for Bad Debts had a credit balance of $1,200. Given this information, if uncollectible receivables are estimated to be 1/2 of 1 percent of credit sales, the adjusting entry to account for uncollectible receivables as of December 31, 2012, would include a:________
A) Debit to Bad Debt Expense of $3,000
B) Debit to Bad Debt Expense of $1,800
C) Credit to Bad Debt Expense of $3,000
D) Credit to Allowance for Bad Debts of $5,000
Answer:
A) Debit to Bad Debt Expense of $3,000
Explanation:
Based on the information given the appropriatethe adjusting journal entry to ACCOUNT FOR UNCOLLECTIBLE RECEIVABLES as of December 31, 2012, would include a DEBIT TO BAD DEBT EXPENSE OF $3,000
BAD DEBT EXPENSE=$1,000,000 *.6*0.005
BAD DEBT EXPENSE=$3,000
The value of which of these expressions is closest to e?
Answer: B
Explanation:
Therefor, value 2.659 is closest to the value of e
( I hope this helped of not I’m sorry)
importance of studying business
Business majors learn how to research information using quantitative skills, and then develop ideas based on that information to solve problems.
Business also involves people — customers and employees — so communication and interpersonal skills are vitally important as well.
Business activity affects the daily lives of all people, as they work, spend, save, invest, travel, and play. Business influences jobs, incomes, and opportunities for personal enterprise and development. Business has a significant effect not only on the standard of living and quality of life, but also on the environment in which people live.
At some point in their lives, all students will encounter the world of business. They, therefore, must be prepared to engage in business activity with confidence and competence, by understanding how businesses function and the role it plays in our society. Students should familiarise themselves with the skills that are required in the business environment and the impact these skills can have on their own lives and on society.
Studying business involves not only involves studying individuals, communities, and organizations, it involves assessing their needs and problems, as well as generating solutions. This subject will build a strong foundation for those students who wish to move on to further study and training in specialised areas such as management, international business, marketing, accounting, information and communication technology, or entrepreneurship. It will also provide practical skills for those who wish to move directly into the workplace.
Business studies also provides students with a new, practical context for many of the subjects they have studied, including mathematics, science and technology, language, and social studies. It will help students to recognise the relevance of these subjects as they are applied in the world of business – for example, in helping people with their needs, challenges, and problems; and in creating products and services that help to improve the quality of life.
Business studies demonstrates how a variety of areas of study can be combined in productive activity. It provides an increased understanding of mutual dependence through business system, as people becoming increasingly dependent on others. Finally, as the business environment is dynamic and ever-changing, it can be an important tool to develop skills to cope with change.
Explain the solution evolved by their CIO, Mr V.Subramanium
Answer:
Hi lodi e
Explanation:
Nanay nyo Red Tatay Mo blue
Gago✓✓
On December 31, 2020, Wayne, Inc. sold $4,000,000 (face value) of bonds. The bonds are dated December 30, 2020, pay interest annually on December 31, and will mature on December 31, 2023. The following schedule was prepared by the accountant for 2021.
Annual Interest to Interest Bond
Interest Period be Paid Expense Amortization Carrying Value
$3,900,000
1 $320,000 $351,000 $31,000 3,931,000
Instructions
On the basis of the above information, answer the following questions. (Round your answer to the nearest dollar or percent.)
1. What is the stated interest rate for this bond issue?
2. What is the market interest rate for this bond issue?
3. What was the selling price of the bonds as a percentage of the face value?
4. Prepare the journal entry to record the sale of the bond issue on December 31, 2020.
5. Prepare the journal entry to record the payment of interest and amortization on December 31, 2021.
Answer:
Wayne, Inc.
1. The stated interest rate for this bond issue is:
= 8%.
2. The market interest rate for this bond issue is:
= 9%.
3. The selling price of the bonds as a percentage of the face value is 97.5% ($3,900,000/$4,000,000 * 100)
4. Journal Entry to record the sale of the bond issue on December 31, 2020:
December 31, 2020:
Debit Cash $3,900,000
Debit Bonds Discounts $100,000
Credit Bonds Payable $4,000,000
To record the bonds proceeds, discounts, and liability.
5. December 31, 2021:
Debit Bonds Interest Expense $351,000
Credit Bonds Amortization $31,000
Credit Cash $320,000
To record the first payment of interest and amortization.
Explanation:
a) Data and Calculations:
Face value of bonds = $4,000,000
Bonds price = $3,900,000
Discount = $100,000
December 31, 2021:
Interest expense = $351,000
Market interest rate = $351,000/$3,900,000 * 100 = 9%
Cash payment = $320,000
Coupon interest rate = $320,000/$4,000,000 * 100 = 8%
Clover Hardware sold a range of products. A few weeks ago, orders arrived for the garden center and outdoor living areas. 500 grills, purchased at a cost of $75 each, were distributed among 10 locations. 200 were sold for $175 each across all locations. The cost of goods sold totals __________.
Answer:
COGS= $15,000
Explanation:
Giving the following information:
Purchase= 500 grills
Unitary cost= $75
Units sold= 200
To calculate the cost of goods sold, we need to use the following formula:
COGS= beginning finished inventory + cost of goods purchased - ending finished inventory
COGS= 0 + 500*75 - 300*75
COGS= $15,000
or;
COGS= 200*75= $15,000
Consider to communities: Alpha and Omega. Alpha has 10 residents, 5 who earn $60,000 and 5 who earn $20,000. Omega also has 10 residents, 5 who earn $300,000 and 5 who earn $50,000
Part 1. The income inequality ratio in Alpha is and the income inequality ratio in Omega is
Part 2. Alpha and Omega each have 10 residents. The top two residents in Alpha have an average income of $90,000, and the bottom two residents in Alpha have an average income of $30,000. The top two residents in Omega have an average income of $250,000, and the bottom two residents in Omega have an average income of $50,000. How much would the top two residents in Alpha have to earn in order for Alpha to have the same income inequality ratio as Omega? The top two Alpha residents would need to earn $ each Part 3 (1 point) Suppose Alpha's community grew to 15 residents with the following incomes: 2 residents' income $175.000 300,000 260,000 65,000 1 resident's income 1 resident's income 3 residents' income 3 residents' income 2 residents' income 1 resident's income 1 resident's income 1 resident's income 26,000 105,000 650,000 18,000 140,000 The new income inequality ratio in Alpha is:_____. (Round to two decimal places.)
List two characteristics of the market structure where Telkom operates before the emergence of the big three
Answer:
The two main characteristics of the market structure where Telkom operates before the emergence of the big three are:
1. Profit-maximization as the single seller and price-fixer
2. High barriers to entry of all entities backed by government regulations
Explanation:
Telkom was the only fixed-line and state-owned monopolist in South Africa until the mid-1990s when the big three telecom competitors emerged following deregulation. During the era when it was a monopolist, Telkom was the only provider of fixed-line telephone services. At that time, mobile networks had not been introduced. As a single seller of its services, Telkom practiced price discrimination and maximized profits, ensuring that the barriers to entry of other companies were strongly protected by law.
We invent the automobile to get us between two points faster, and suddenly we find we have to build new roads. And that means we have to invent traffic regulations ... and then we have to invent a whole new organization called the highway patrol. This assessment supports the idea that
Answer:
Invention is the mother of necessity
Explanation:
In the given instance it can be seen that the invention of the automobile necessitated the building of new roads which in turn necessitated invention of traffic's regulations and finally invention of a new organization called the highway patrol.
This illustrates how necessity in a given situation forces people to invent technologies and processes that will tackle the present challenge.
There is no future preplanning of the inventions, but they come as the need arises.
Ernest invents a novel, useful, nonobvious product. He:____.
a. must apply for a patent within one year of selling the product commercially.
b. may receive patent protection for two years by filing a simpler, shorter, cheaper provisional patent application while he is working on his complex, regular patent application.
c. is entitled to a patent over someone else who invents the same product if he is the first to invent it.
d. may sell his product for up to five years to see how well it sells before going through the complex process of filing a patent application with the PTO Office.
Answer:
a. must apply for a patent within one year of selling the product commercially.
Explanation:
As the product is the novel and also useful at the same time so he himself wants to try for the commercial purpose for reaping the benefits and the same should be used for a patent within one year for selling the product commercially manner
So as per the given situation, the option a is correct
And, the rest of the options seems incorrect
A résumé that emphasizes the candidate's directly applicable skills,
achievements, and abilities is
Answer: Combination resume
Explanation:
A combination resume combines a person's skills and abilities as well as what they have accomplished so far in their lives. This includes work experience, education and volunteer work.
This is the kind of resume that employers prefer because it shows them whether a person would be suitable for a job based on their skills as well as their work experience.
A firm has the following order history over the last 6 months (see appended information). What would be a 4-month weighted moving average forecast for July using weights of 30% for the most recent month, 50% for the month preceding the most recent month and 40% for the month preceding that one and 20% for the last month
Answer:
A 4-month weighted moving average forecast for July would be 137.50.
Explanation:
Note: This question is not complete as the appended information is not provided. To complete the question, the appended information is therefore before answering the question as follows:
Month Actual Demand
January 120
February 95
March 100
April 25
May 200
June 25
The explanation of the answer is now provided as follows:
The most recent month = June
The month preceding the most recent month = May
The month preceding that one = April
Last month = March
Therefore, we have:
Forecast for July = (June actual demand * 30%) + (May actual demand * 50%) + (April actual demand * 40%) + (March actual demand * 20%) = (25* 30%) + (200 * 50%) + (25 * 40%) + (100 * 20%) = 137.50
Therefore, a 4-month weighted moving average forecast for July would be 137.50.
Suppose the current level of output is 5000. If the elasticities of output with respect to capital and labor are 0.3 and 0.7, respectively, a 10% increase in capital combined with a 5% increase in labor and a 5% increase in productivity would increase the current level of output to :_______
Answer:
5575
Explanation:
The computation is shown below;
Factor Elasticity Increase Effective Increase
A B A × B
Capital 0.3 10% 3.00%
Labor 0.7 5% 3.50%
Increase due to Productivity 5.00%
Total Increase in Output 11.50%
(3% + 3.5% + 5%)
Original Output 5000
Increase in Output (5000 × 11.5%) 575
Increase Output (5000 + 575) 5575
a. might make you better off if your nominal wages fall more rapidly than prices. b. automatically occurs when there are more goods with falling prices than there are goods with increasing prices. c. would negatively affect producers but positively affect consumers because producers must accept lower prices. d. automatically implies that, on average, everyone is better off because prices have fallen.
Answer:
c. would negatively affect producers but positively affect consumers because producers must accept lower prices
Explanation:
In the case of deflation, it negatively impact the producers but on the other side it impact positively to the consumers as the producers are ready to accept at the lower price also
So as per the given situation, the deflation should be fit to the above option
Therefore the other options should be considered irrelevant and hence not considered
Sandhill Cash, Ltd. operates a chain of exclusive ski hat boutiques in the western United States. The stores purchase several hat styles from a single distributor at $10 each. All other costs incurred by the company are fixed. Sandhill Cash, Ltd. sells the hats for $40 each.
Required:
If fixed costs total $130,000 per year, what is the breakeven point in units
Answer:
the break even point in units is 4,333 units
Explanation:
The computation of the break even point in units is shown below:
= Fixed cost ÷ contribution margin per unit
= $130,000 ÷ ($40 - $10)
= $130,000 ÷ $30
= 4,333 units
hence, the break even point in units is 4,333 units
the above formula should be applied for the same
M Corporation produces and sells Product D. To guard against stockouts, the company requires that 25% of the next month's sales be on hand at the end of each month. Budgeted sales of Product D over the next four months are:
June July August September
Budgeted sales in units 40,000 60,000 50,000 80,000
Budgeted production for August would be:__________.
A. 77,000 units
B. 80,000 units
C. 57,500 units
D. 107,000 units
Answer:
Production= 57,500 units
Explanation:
Giving the following information:
To guard against stockouts, the company requires that 25% of the next month's sales be on hand at the end of each month.
To calculate the production for July, we need to use the following formula:
Production= sales + desired ending inventory - beginning inventory
Production= 60,000 + (0.25*50,000) - (0.25*60,000)
Production= 57,500 units
Assuming that a customer has the ability to pay, revenue from a sporting event is recognized by the event promoter (the party responsible for all event business elements such as selling tickets, promoting the event, securing the venue, etc.) when:________a. A waiting list for the sporting event’s tickets has been formedb. When the cash from selling the tickets is collectedc. The tickets to the sporting event are soldd. The sporting event takes placee. All of the listed answers
Answer: The sporting event takes place.
Explanation:
By the Revenue Recognition principle of Accrual based accounting, revenue is only to be recognized when it is earned. In other words, it should only be recognized if the service or good that was paid for has been delivered.
In the above scenario, the service to be delivered is the sporting event. As such, the event promoter should only recognize the revenue when the sporting event is delivered by taking place if they are going by the Revenue recognition principle which is a principle recognized by both U.S. GAAP and IFRS.
1. If 30,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 35,000 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 30,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 4. If 35,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 5. If 30,000 units are produced, what is the average fixed manufacturing cost per unit produced? 6. If 35,000 units are produced, what is the average fixed manufacturing cost per unit produced? 7. If 30,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? 8. If 35,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? (Round per unit values to 2 decimal places.)
Question Completion:
Kubin Company's relevant range of production is 30,000 to 35,000 units. When it produces and sells 32,500 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Amount per Unit $9.00 $6.00 $ 3.50 $7.00 $ 5.50 4.50 $3.00 2.50 Required:
Answer:
Kubin Company
1. Variable cost per unit produced and sold is = $21.50
2. Variable cost per unit produced and sold is $21.50
3. Total variable cost = $645,000
4. Total variable cost = $752,500
5. Average fixed manufacturing cost per unit produced is = $7.58
6. Average fixed manufacturing cost per unit produced is = $6.50
7. The total amount of fixed manufacturing overhead incurred is $227,500
8. The total amount of fixed manufacturing overhead incurred is $227,500
Explanation:
a) Data and Calculations:
Relevant range of production = 30,000 to 35,000
Average costs per unit with production and sales of 32,500 units are:
Amount per Unit
Direct materials $9.00
Direct labor $6.00
Variable manufacturing overhead $3.50
Fixed manufacturing overhead $7.00
Fixed selling expense $5.50
Fixed administrative expense $4.50
Sales commissions $3.00
Variable administrative expense $2.50
Variable costs:
Production:
Direct materials $9.00
Direct labor $6.00
Variable manufacturing overhead $3.50
Selling:
Sales commissions $3.00
Total variable costs, produced and sold $21.50
Total variable cost = $645,000 ($21.50 * 30,000)
Total variable cost = $752,500 ($21.50 * 35,000)
Average fixed manufacturing cost per unit produced = Total fixed manufacturing cost = $7 * 32,500/30,000 = $7.58
Average fixed manufacturing cost per unit produced = Total fixed manufacturing cost = $7 * 32,500/35,000 = $6.50
Answer:
the answer is 30,000+35,000+30,000+35,000+30,000+35,000+30,00+35,000=$26,0000
The federal unemployment tax is levied on a.employers and is deducted from employees' earnings. b.employees and employers. c.employers and is not deducted from employees' earnings. d.employees and is deducted from customer payments.
Answer:
c. employers and is not deducted from employees' earnings.
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed.
The federal unemployment tax act (FUTA) is reported on Form 940 of the internal revenue service (IRS). It's a federal payroll tax imposed on employers to provide unemployment compensation to employees who have lost their jobs in states.
Basically, the federal unemployment tax act (FUTA) is levied on employers alone i.e it's being paid by the employers only.
This ultimately implies that, the federal unemployment tax is levied on employers and is not deducted from employees' earnings.
James Corporation is planning to issue bonds with a face value of $508,500 and a coupon rate of 6 percent. The bonds mature in 7 years and pay interest semiannually every June 30 and December 31. All of the bonds will be sold on January 1 of this year. (FV of $1, PV of $1, FV of $1, an PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your final answer to whole dollars.) Required: Compute the issue (sales) price on January 1 of this year for each of the following independent cases:
Answer:
The solution according to the given query is summarized in the explanation segment below.
Explanation:
Given:
Face value,
= $508,500
Coupon rate,
= 6%
Bonds mature in years,
= 7
Now,
(a)
Issue price will be:
= [tex]508500\times 0.75788+15255\times 12.10626[/tex]
= [tex]385381.98+184680.99[/tex]
= [tex]570,063[/tex] ($)
(b)
Issue price will be:
= [tex]508500\times 0.66112+15255\times 11.29607[/tex]
= [tex]336179.52 + 172321.55[/tex]
= [tex]508,501[/tex] ($)
(c)
Issue price will be:
= [tex]508500\times 0.55839+15255\times 10.39090[/tex]
= [tex]283941.32 +158513.18[/tex]
= [tex]442,454[/tex] ($)