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SOVA2 [1]
2 years ago
7

helen harrison creates an instrument containing the words "pay jose sanchez" and her signature. this is a? endorsement and creat

es? paper.
Business
1 answer:
Irina-Kira [14]2 years ago
3 0

In this situation, when Helen Harrison creates an instrument containing the words “pay jose sanchez” and her signature on it, she is creating an endorsement. An endorsement <span>is defined to mean "a signature (other than that of a maker, drawer or acceptor) that alone or accompanied by other words, is made on an instrument for purpose of (i) negotiating the instrument, (ii) restricting payment of the instrument, or (iii) incurring endorser's liability on the instrument. This type of endorsement is a Special endorsement in which it contains the signature of the endorser along with words indicating to whom, or to whose order, the instrument is payable.</span>

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​Jack, an employee of Desert​ Sky, Inc., has gross salary for May of . The entire amount is under the OASDI limit of​ $118,500 a
Zanzabum

Answer:

Credit to Cash for $4,995 is correct

Explanation:

here is a complete question

has a gross salary for May of $7,000. The entire amount is under the OASDI limit of $118,500 and thus subject to FICA. He is also subject to federal income tax at a rate of 21%. Which of the following is a part of the journal entry to record the disbursement of his net pay? (Assume a FICA-OASDI Tax of 6.2 % and FICA-Medicare Tax of 1.45%. Round the final answer to the nearest dollar.) A. debit to Cash for $4,995 B. debit to FICA Tax Payable of $4,995 O C. debit to Employee Income Tax Payable of $4,995 D. credit to Cash for $4,995

The computation of the amount that becomes the part for accrual the employer payroll taxes is shown below:

Gross Pay                   $7,000  

Less: Deductions    

Federal Income tax       $1,470            ($7000 × 21%)

FICA-OASDI tax             $434              ($7000 × 6.2%)

FICA-Medicare tax         $102              ($7,000 × 1.45%)

Total Deductions          2006  

Net pay                         $4,995  

4 0
2 years ago
6-19. Six sites have been identified for a parking lot in downtown Blacksburg. Because the sites are plots of land, their salvag
Lemur [1.5K]

Answer:

Site B should be chosen based on the IRR criterion

Explanation:

Please check the attached image for the complete question

The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.

When comparing projects, the project with the highest IRR should be chosen.

I hope my answer helps you

3 0
2 years ago
Omega Instruments has budgeted $300,000 per year to pay for certain ceramic parts over the next 5 years. If the company expects
bija089 [108]

Answer:

281,281.28

Explanation:

expected cost  300,000 + 10,000 = 310,000

with an inerest rate of 10%

discount value equals to 281,281.28

4 0
2 years ago
Main Street Antiques is planning on paying an annual dividend of $2.20 per share next year. The company is slowly downsizing and
goldenfox [79]

Answer:

The current value of this stock should be $20.

Explanation:

The current value of this stock should be calculated by applying the formula to find present value of growth perpetuity. The formula is shown as below:

Stock price = D1 / ( Rate of required return - Growth rate of annual dividend)

in which: D1 = next year dividend = 2.20;

               Rate of required return = 8%;

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So, Stock price = 2.2 / [8% - (-3%) ] = $20.

So, the answer is: the current value of this stock should be $20.

5 0
2 years ago
Khalid has just found out that his friend Jason is terminally ill.This has made him feel sad and lonely at the thought of living
Paha777 [63]

Answer:

B) Anticipatory Grief

Explanation:

As Khalid has found out that his friend Jason is terminally ill. This has made him feel sad and lonely at the thought of living life without his friend. Khalid's feelings best represent the concept of anticipatory grief which refers to the feeling of sadness and grief occurring before the actual happening of that loss. We become sad and emotional even before the actual happening of some incident. For example, when our dear friend is in hospital after a sever accident, then we start feeling this anticipatory grief that the chances are more that he will be dead soon so we feel more grief and sadness.

6 0
2 years ago
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