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Sphinxa [80]
2 years ago
11

A company is starting a fish farm in a man-made lake with a carrying capacity of 7500. The CEO wants to have a population of 500

0 fish after 3 years. If the yearly population growth rate is 2.0, about how many fingerlings should they add to the lake to start their population?
Business
1 answer:
Cloud [144]2 years ago
5 0

Answer:

4,712 fingerlings

Explanation:

The amount that a sum will accumulate to at the end of a particular number of period if it grows at a certain rate per annum is given as

F= A× (1+g)^(n)

F- Sum at the end of the period, A- sum at the beginning of the period, n- number of period, g -growth rate

5,000= A× (1.02)^(3)

a= 5000/(1.02^3)

a= 4711.61

The  population at the start of fingerlings = 4,712

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Vince Lupino works for Best Supplies Company, which pays its employees time and a half for all hours worked in excess of 40 hour
ZanzabumX [31]

Answer and Explanation:

As per the given question the solution of given points is given here:-

a. Regular pay for the week = Rate of pay × Hours per week

= $12 × 40 hours

= $480.00

b. Overtime pay for the week = Rate of pay × 8 hours × 1.5 times

= $12 × 8 hours × 1.5 times

= $144.00

c. Total gross wages = (Social security withheld + Medicare tax withheld + Federal income tax withheld + Net pay)

= $38.69 + $9.05 + $54 + $522.6

= $624.00

d. Social security withheld = Total gross wages × Social security tax

= $624 × 6.2%

= $38.69

e. Medicare tax withheld = Total gross wage × Medicare tax rate

= $624 × 1.45%

= $9.05

f. Total withholding = Social security withheld + Medicare tax withheld + Federal income tax withheld

= $38.69 + $9.05 + $54

= $101.74

g. Net pay = Total gross wages - Total withholding

= $624.00 - $101.74

= $522.26

2. The Journal entry is here below:-

Wage Expense Dr, 624  

      To Social security taxes payable $38.69

      To Medicare Tax Payable $9.05

      To Federal Income Tax Payable $54

      To Wages Payable $522.26

(Being the payroll is recorded)

4 0
2 years ago
The following costs and inventory data were taken from the accounts of Simon Company for 2010:
kenny6666 [7]

Answer:

Part a

Direct Materials Schedule

Beginning Materials                               $ 8,000

<em>Add</em> Purchases                                      $83,000

<em>Less</em> Ending Materials                          ($ 7,000)

<em>Less</em> Indirect materials                          ($4,000)

Direct Materials Used in Production    $80,000

Part b

Overheads Incurred during the year

                                     $

Factory rent                  8,000

Factory utilities            10,000

Indirect materials          4,000

Indirect labor                 6,000

Total Overheads       $28,000

Part c

Cost of Goods Manufactured Schedule

Direct Materials                                   $80,000

Direct labor                                          $42,000

Overheads                                           $28,000

Add Opening Work In Process           $15,000

Less Closing Work In Process           ($13,000)

Cost of Goods Manufactured           $152,000

Part d

Cost of Goods Sold

Beginning Finished goods Inventory       $16,000

Add Cost of Goods Manufactured         $152,000

Less Ending Finished Goods Inventory ($12,000)

Cost of Goods Sold                                 $156,000

Explanation:

The following steps must be done to reach the cost of goods sold :

  1. Use the Manufacturing Cost Schedule to calculate the Cost of Goods Manufactured
  2. Use the Finished Goods Inventory Account to calculate the Cost of Goods Sold.

See the calculations and schedules prepared above.

8 0
2 years ago
Jeff, an employee at Citrus Inc., hears about a change in the company's leave policy from one of his coworkers and shares this i
Anton [14]

Answer:

grapevine communication

Explanation:

According to my research on different communication methods, I can say that based on the information provided within the question the information has been exchanged through grapevine communication. This is a form of communicating in which information is spread rapidly between employees and superiors and does not follow any structure or rule-based system.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
2 years ago
What's the present value of a perpetuity that pays $250 per year if the appropriate interest rate is 5%
KengaRu [80]

Answer:

PV of Perpetuity = $5000

Explanation:

A perpetuity is a series of cash flows that are constant, occur after equal intervals of time and are for infinite period of time or are perpetual. Thus, it is like and annuity but with an infinite time period. The formula for the present value of of perpetuity is,

PV of Perpetuity = Cash Flow  /  r

Where,

  • r is the required rate of return

PV of Perpetuity = 250 / 0.05

PV of Perpetuity = $5000

3 0
2 years ago
On June 30, 2021, the Esquire Company sold some merchandise to a customer for $30,000. In payment, Esquire agreed to accept a 6%
Lynna [10]

Answer:

1.  Journal entries to record the sale of merchandise:

Debit Accounts Receivable $30,000

Credit Sales revenue $30,000

Journal entries to record the interest accrual at December 31, 2021:

Debit Interest receivable $900

Credit Interest revenue $900

At March 31, 2022, journal entries to record the collection:

Debit Cash $31,350

Credit Accounts Receivable $30,000

Credit Interest receivable $900

Credit Interest revenue $450

Explanation:

1.  Journal entries to record the sale of merchandise:

Debit Accounts Receivable $30,000

Credit Sales revenue $30,000

Esquire agreed to accept a 6% note requiring the payment of interest and principal on March 31, 2022.

The amount of the interest per year = 6% x $30,000 = $1,800

The amount of the interest per month = $1,800/12 = $150

At December 31, 2021, the interest accrual = $150 x 6 = $900

Journal entries to record the interest accrual:

Debit Interest receivable $900

Credit Interest revenue $900

At March 31, 2022, journal entries to record the collection:

Debit Cash $31,350

Credit Accounts Receivable $30,000

Credit Interest receivable $900

Credit Interest revenue $450

6 0
2 years ago
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