Answer:
$1,056.07
Explanation:
Given:
Amount spent each month = $83.42
Interest rate, r = 1.8% = 0.018
Time, n = 3 years
Now,
The total amount collected at the end of the year = $83.42 × 12 = $1001.04
The value of amount deposited in the bank after 3 years will be
Future value = Present value × ( 1 + r )ⁿ
on substituting the respective values, we have
Future value = $1001.04 × ( 1 + 0.018 )³
or
Future value = $1,056.07
Hence,
The money he could have at the end of 3 more years will be $1,056.07
Answer:
Product A because the contribution margin per MH is $23.33
Explanation:
In terms of efficiency, you have to look for the highest outcome with the fewer use of resources. In this case, the resources available are the machines, and the outcome is the profit (margin per unit). Applying the formula: Efficiency producing X (Ex) = [(1 hour of machine hour) / (Product x timed used per unit)]Margin per unit X, and comparing products A and B, you get that producing A is more efficient in terms of profits than producing B, by $10,1 per hour (23,33 - 13,2)
Answer: See explanation
Explanation:
The journal entry to record accrued salaries would be calculated thus:
Dr FICA expenses $34500
Dr Federal unemployment tax $120
Dr State unemployment tax $630
Cr FICA tax payable $34500
Cr Federal unemployment tax payable $120
Cr State unemployment tax payable $630
Note:
Social security tax = $450000 × 6% = $27000
Medicare tax = $500000 × 1.5% = $7500
FICA tax = $27000 + $7500 = $34500
Federal unemployment tax = $15000 × 0.8% = $120
State unemployment tax = $15000 × 4.2% = $630
Answer:
The correct answer will be "$620".
Explanation:
It is important to note that certain principles are involved in the process of streamlining business processes, including:
- Interpersonal skills of the organizational leaders.
- Client focus entirely, defined objectives, accuracy, and so on., are encouraged.
The lowest cost will be:
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