Answer:
The journal entry to record payroll for the January 2013 pay period will include a debit to payroll tax expense of $6,760
Explanation:
In order to calculate The journal entry to record payroll for the January 2013 pay period we would have to calculate the payroll tax expense as follows:
payroll tax expense=Federal unemployment tax rate+(Social security tax rate+medicare tax rate)*Salaries
Federal unemployment tax rate=$80,000*0.80%
Federal unemployment tax rate=$640
(Social security tax rate+medicare tax rate)*Salaries= (6.2%+ 1.45%)*$80,000
(Social security tax rate+medicare tax rate)*Salaries=$6,120
Therefore, payroll tax expense=$640+$6,120
payroll tax expense=$6,760
The journal entry to record payroll for the January 2013 pay period will include a debit to payroll tax expense of $6,760
Answer:
$230,400
Explanation:
The computation of the ending retained earning balance is shown below:
The ending balance of retained earning = Opening balance of retained earnings + net income - net loss - cash dividend paid
= $294000 - $27,600 - $36,000
= $230,400
We simply deduct the net income and the dividend from the beginning balance of retained earning so that the correct balance could come.
Answer: a. 2.8
Explanation:
Given : Population mean : 
Sample size : n= 49> 30 , the sample is a large sample we use z-test.
Sample mean = 
Standard deviation : 
The test statistic for population mean is given by :-
Hence, the value of the test statistic is 2.8
Answer:
The answer is: The total value of GDP is $2 Billion
Explanation:
The formula for calculating GDP is:
GDP = C + I + G + (X – M) = $1,000 MM + $200 MM + $600 MM + $200 MM
GDP = $2,000 MM (or $2 Billion)
- consumption: $1 billion ($400 MM consumers + $600 MM businesses)
- investment: $200 MM (change in inventories)
- government: $600 MM
- exports - imports: $200 MM (no imports)
Answer: the operating capital is $40.00
Explanation:
operating capital is also known as working capital. it is the value of running a business on daily basis. it is also the value of short term resources available for use in daily activities. it is current assets minus current liabilities of a business.
current assets = cash + inventory + account receivable + short term investment = 20+50+20+60= 150
current liabilities = accruals + account payable + notes payable=50+30+30=110
operating capital = 150 - 110 = 40
