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valentina_108 [34]

1 year ago

15

A certain brand of shoes comes in 5 different styles, with each style available in 4 distinct colors. If the store wishes to dis

play pairs of these shoes showing all of its various styles and colors, how many different pairs will the store have on display?

1 answer:

Naddika [18.5K]1 year ago

8 0

In my guess there would be about 20

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Barbara Muller Services (BMS) pays its employees monthly. The payroll information listed below is for January 2021, the first mo

Charra [1.4K]

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

3 0

1 year ago

On June 30, 2021, Georgia-Atlantic, Inc. leased warehouse equipment from IC Leasing Corporation. The lease agreement calls for G

artcher [175]

Answer:

1. $3,000,000

2. Liability $1,996,041

Asset$2,500,000

Explanation:

1. Calculation to Determine the present value of the lease payments at June 30, 2021

Present value of lease payments will be calculated as : $562,907 × 5.32948

(Present value of an annuity due of $1:

n = 6, i = 5% is 5.32948)

Present value of lease payments = $3,000,000

Therefore the Present value of lease payments will be $3,000,000

2. Calculation to Determine the pretax amounts related to the lease that Georgia-Atlantic would report in its balance sheet at December 31, 2021

Liability at December 31, 2021

Initial balance, June 30, 2021 3,000,000

June 30, 2021 Reduction(562,907)

Dec. 31, 2021 reduction (441052)

[562,907-(3,000,000-562,907)*5%]

December 31, 2021 NET LIABILITY $1,996,041

ASSETS at December 31, 2021

Initial balance, June 30, 2021 3,000,000

Accumulated depreciation at Dec. 31, 2021 (500,000)

(3000000/3*1/2)

December 31, 2021 ASSETS $2,500,000

Therefore the pretax amounts related to the lease that Georgia-Atlantic would report in its balance sheet at December 31, 2021 will be : Liability $1,996,041

Asset$2,500,000

3 0

1 year ago

An economy produces protein shakes.

poizon [28]

If less than the efficient quantity of protein shakes is produced , :
D. marginal cost exceeds marginal benefit
Marginal cost will keep increasing until it passed the equivalent before it finally started to diminish

hope this helps

5 0

1 year ago

Of the following, identify the CORRECT statement. a. A bond's current yield must always be either equal to its yield to maturity

max2010maxim [7]

Answer:

A) A bond's current yield must always be either equal to its yield to maturity or between its yield to maturity and its coupon rate.

Explanation:

the yield to maturity = current yield +/- capital gains yield

current yield = yield to maturity +/- capital gains yield

the capital gains yield is positive or negative depending if the bond was sold at a premium or at a discount which results in a coupon rate being either higher or lower than the yield to maturity.

so the current yield must always be within a range between yield to maturity and coupon rate

7 0

2 years ago

Partial adjusted trial balance for Levin Corporation at December 31, 2017, includes the following accounts: Retained Earnings $1

Gre4nikov [31]

Answer:

Explanation:

Before preparing the retained earning statement, First, we have to compute the ending balance of the retained earning account.

The formula to compute the retained earnings ending balance is shown below:

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

= $17,200 + $10,400 - $6,000

= $21,600

The ending balance of retained earnings is shown in the attached spreadsheet.

8 0

1 year ago

Read 2 more answers