All categories

1 year ago

Dr. McCoy earns $51,233 teaching at the university. What is his weekly salary?

Business

1 answer:

lesya692 [45]1 year ago

3 0

Answer:

$985.25

Explanation:

The $51,233 is Dr. McCoy's annual salary; the total amount she earns in a year

We have about 52 weeks in a year

To determine the weekly salary, you will set up the equation like this;

If 52 weeks = $51,233

then 1 week = ?

Multiply 1 by $511,233 ; 1 * 51,233 =$51,233

Next, divide the above $51,233 by 52;

$51,233/ 52 = $985.25

Her weekly salary is therefore $985.25

You might be interested in

During the current year, Brewer Company acquired all of the outstanding common stock of miller Inc. paying $12,000,000 cash. The

Lesechka [4]

Answer:

See the explanation below:

Explanation:

The merged details are first sorted as follows:

Details Book Value ($) Fair Value ($)

Accounts receivable 1,800,000 1,625,000

Inventories 2,700,000 4,000,000

Property Plant and Equipment 9,000,000 11,625,000

Accounts payable 3,000,000 3,000,000

Bonds payable 4,500,000 4,125,000

The calculation will now be done using the fair value as follows:

Total fair value of assets = $1,625,000 + 4,000,000 + 11,625,000 = $17,250,000

Total fair value of liabilities = $3,000,000 + 4,125,000 = $7,125,000

Fair Value of Miller Inc. Equity = $17,250,000 - $7,125,000 = $10,125,000

Goodwill from the acquisition = $12,000,000 - $10,125,000 = $1,875,000

The journal entries will look as follows:

Details Dr ($) Cr ($) 

Goodwill 1,875,000

Miller Inc. Equity acquired 10,125,000

Cash 12,000,000

To record the acquisition Miller Inc.

7 0

1 year ago

Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $500. The fund wa

Salsk061 [2.6K]

Answer:

c. A credit to Cash of $272.75.

Explanation:

These transactions can be explained with the help of T- Account .

<h2> Cash </h2><h3>Debit Credit </h3>

Bal $ 500

Freight $61

Shipping

Charges $ 85

Supplies $ 50

Donation $ 69

Suspense 7.75

Fund $ 227.25

Fund $ 227.25

Reimbursement  $272.75

$ 500

As there is shortage of $ 272.25 in the amount of $ 500 the petty cash will be reimbursed with this amount.

An amount of $ 7.75 is short which is dealt in suspense account and reimbursed with the amount falling short.

5 0

2 years ago

Kirova Company has provided the following information: Number of issued common shares, 990,000 Net income, $1,436,500 Number of

Anestetic [448]

Answer:

$1.7

Explanation:

From the question above Kirova company recorder the following information

Number of issued common shares is 990,000

Net income is $1,436,500

Number of authorized common share is 1,000,000

Weighted average income of outstanding common shares is 845,000

Number of treasury shares is 145,000

The formular to calculate the earning per share is

= Net income/Outstanding shares

Net income= $1,436,500

Outstanding shares= number of issued common shares- number of treasury shares

= 990,000-145,000

= 845,000

Therefore, the earnings per share can be calculated as follows

= 1,436,500/845,000

= $1.7

Hence Kirova's earning per share is $1.7

7 0

1 year ago

From the information given below, calculate the quick ratio. Particulars Amount (in $) Particulars Amount (in $) Cash 20,000 Acc

Nat2105 [25]

Answer:

C. 1.25 times

Explanation:

Given: Cash 20,000 Accounts payable 11,000 Notes receivable 15,000 Wages payable 5,000 Stock 5,000 Retained earnings 20,000 Inventory 6,000 Notes Payable 8,000.

Current asset: Cash.

Current Liability: Accounts payable.

Now, calculating the quick ratio.

Formula; Quick ratio= $\frac{Current\ asset- Inventory}{Current\ liability}$

⇒ Quick ratio= $\frac{20000- 6000}{11000}$

⇒ Quick ratio= $\frac{14000}{11000}$

∴ Quick ratio= $1.27 ( 1.25\ is\ closest\ options\ given)$

Hence, Quick ratio is 1.25 times

7 0

1 year ago

The shoe company TOMS gives a pair of shoes to a needy child for every pair that it sells. This is an example of a company which

slega [8]

Answer: Corporate Social Responsibility

Explanation:

The corporate social responsibility is one of the type business model that supporting the various types applications which is ethically oriented and it also manage all the functions in an organization.

The main objective of the corporate social responsibility is that it helps in boost the morale of an employee and also helps in increase productivity of the company.

According to the given question, the shoes firm TOMS denote the shoes to the needy children and this is one of the example of the corporate social responsibility in an organization.

Therefore, Corporate Social Responsibility is the correct answer.

7 0

1 year ago