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2 years ago

Note: Use the Tax Tables to calculate the answers to the problems listed.

Business

1 answer:

kkurt [141]2 years ago

5 0

Answer:

$104.50
$67.50
$65.50
$77.50
$56.50

Explanation:

the income tax to withhold from the biweekly wages are :

Karen Overton (single, 0 allowances), $900 wages

=$34.90 + ($900 - 436) x 15%

= $104.50

 Nancy Haller (married, 4 allowances), $1,000 wages

=($1000 - 325 ) x 10%

= $67.50

Alan Glasgow (married, 1 allowance), $980 wages

=($980 - 325 ) x 10%

= $65.50

Joseph Kerr (single, 4 allowances), $720 wages

= $34.90 + ($720 - $436) x 15%

= $77.50

Ginni Lorenz (single, 1 allowance), $580 wages

= $34.90 + ($580 - $436) x 15%

= $56.50

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Monetary policy Select one: a. cannot be implemented quickly and most of its impact on aggregate demand occurs months after poli

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Answer:

c. can be implemented quickly, but most of its impact on aggregate demand occurs months after policy is implemented.

Explanation:

A monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country. In order to boost economic growth, monetary policy is used to increase money supply (liquidity) while it is also used to prevent inflation by reducing money supply.

Generally, money supply comprises of checks, cash, money market mutual funds (MMF) and credit (mortgage, bonds and loans).

Typically, a monetary policy can be implemented quickly by the central bank of a particular country, but most of its impact on aggregate demand occurs months after policy is implemented.

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2 years ago

Bonds issued by the Coleman Manufacturing Company have a par value of $1,000, which of

miss Akunina [59]

Answer:

19.05%

Explanation:

the approximate yield to maturity (YTM) formula is:

approximate YTM = {C + [(FV - PV) / n]} / [(FV + PV) / 2]

C = coupon payment = $130
FV = face value or value at maturity = $1,000
PV = present value or current market value = $690
n = 10 years

approximate YTM = {$130 + [($1,000 - $690) / 10]} / [($1,000 + $690) / 2] = ($130 + $31) / $845 = $161 / $845 = 0.1905 or 19.05%

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2 years ago

Harrelson Company manufactures pizza sauce through two production departments: Cooking and Canning. In each process, materials a

Marina CMI [18]

Answer:

Both the department entries are posted.

Explanation:

Harrelson Company

General Journal

Date Account Titles and Explanation Debit Credit

April 30 Work In Process Cooking 22,800

Work In Process Canning 10,900

Direct Materials Inventory 33700

(To record materials used)

30 Work In Process Cooking 9,430

Work In Process Canning 7,230

Direct Labor 16,660

(To assign factory labor to production)

30 Work In Process Cooking 33,800

Work In Process Canning 28,100

Manufacturing Overhead 61900

(To assign overhead to production)

30 Work In Process Canning 55,900

Work In Process Cooking 55,900

(To record costs transferred in) Assuming Canning is the second department and cooking is the first. So costs are transferred from the first to the second department.

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2 years ago

Moody Farms just paid a dividend of $2.65 on its stock. The growth rate in dividends is expected to be a constant 3.8 percent pe

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Answer:

$34.63.

Explanation:

The Gordon Dividend Discount Model will be used to calculate the current share price. This model helps us to determine how much should we pay for a stock and the analysis is based on dividends, growth rate, and our required rate of return. The model is as follows:

$Po = D1 / (1 + r )^1 + D2 / (1 + r )^2 + D3 / (1 + r )^3 + D4 / (1 + r )^4 + D5 / (1 + r )^5 + D6 / (1 + r )^6 + [(D7 / r - g) / (1 + r)^6]$

where

Po = Current market Price

D1 = Dividend Paid * (1 + g)

D2 = D1 (1 + g) ; D3 = D2 (1 + g) ; D4 = D3 (1 + g) ; D5 = D4 (1 + g)

D6 = D5 (1 + g) ; D7 = D6 (1 + g)

This implies that:

$Po = 2.7507 / (1.15)^1 + 2.8552 / (1.15)^2 + 2.9637 / (1.15)^3 + 3.0763 / (1.13)^4 + 3.1932 / (1.13)^5 + 3.3146 / (1.13)^6 + [(3.4405/.11 - .038) / (1.13)^6]$

⇒ Current Market Price = $34.63.

Note: Figures are rounded up-to 4 decimal points. A difference of up-to $2 would not affect your scores as far as the methodology is correct.

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