Answer:
The Journal entry is as follows:
On March 31st,
Salaries and Wages Expense A/c Dr. $79,000
To Wages Payable $59,377
To Federal Withholding Payable $9,258
To FICA Payable $6,044
To State Withholding Payable $3,827
To Union Dues Payable $494
(To record the salaries and wages expense and salaries and wages payable)
Answer:
NONE
Explanation:
The BLS investment do not qualifies to use the equity-method as his percent of the comany's are below 20%
The investment will yield a gain for Leo when it distribute dividends and from the change in the market value of the share.
Their investment is valued at cost, it do not recognize gains for the company's income or losses.
Answer:
Explanation:
The consumer credit protection act was inacted to protect employee from discharge by the employer in case there wage has been garnished in any one debt. However the provision has provided for some limit till which the garnishment can be done. The provision applies to all who receive earning for their personal services. The provision says the credit would be lesser of 25% of disposable income or by the amount which is greater than 30 times of minimum hourly wages (i.e $7.25).
Here in this case Geraldine Wolfe was paid biweekly and 80% was his disposable income. So the calculation would be as follow with 52 weeks in a year.
Disposable income = ($45000/52)*2*80%=$1385 (round off to nearest dollar)
25% of disposable income= $346.25 ($1385*25%)
With minimum wage of $7.25= $7.25*60 (biweekly)=$435
so the amount which is greater than the minimum hourly wage is =$1385-$435=$950
Conclusion:- So the maximum wage garnishment can be lesser of $ 346.25 or $950. Hence it will be $346.25 which is the maximum garnishment allowed for Geraldine's consumer credit garnishment.
Answer:
The correct answer is: rational decision-making model
Explanation:
In the world of management and leadership, decision making is one of the most common, most demanding processes that have a high level of importance to determine the direction of organizations and determine how the processes that will guide the necessary activities will be to meet the objectives set.
Decision-making is fundamentally a choice between different alternatives to solve a problem in the most efficient way possible, but it cannot be taken lightly, so there are several methodologies and several types of decision-making, in this article we will discuss a bit about the "Rational model of decision making".
This model proposed by Herbert Simon is mainly characterized by the use of critical thinking to make decisions within organizations, equally applicable to everyday life. The rational model is simply to evaluate as objectively and sensibly different alternatives, with varied scenarios, causes and future results.
Answer:
$7708 favorable
Explanation:
Volume variance shows the negative differentiation between the actual and the budgeted quantity sold at a budgeted sales price per unit.
A positive figure for volume variance indicates that it is favorable, and a negative figure for volume variance shows that it is unfavorable.
Volume variance = (Actual Quantity - Budgeted quantity sold) × Budgeted sale price per unit.
Volume variance = ( 1070 units - 988units) × $94
Volume variance = 82 units × $94
Volume variance =$7708 favorable
