4 answers
The chief executive officer earns $10,190 per month. As of May 31, her gross pay was $50,950. The Federal Insurance Contributions
The chief executive officer earns $10,190 per month. As of May 31, her gross pay was $50,950. The Federal Insurance Contributions Act (FICA) tax rate for Social Security is 6.2% of the first $137,700 earned each calendar year and the Federal Insurance Contributions Act (FICA) tax rate for Medicare i...
4 answers
The following events took place for Digital Vibe Manufacturing Company during January, the first month of its operations as a producer
The following events took place for Digital Vibe Manufacturing Company during January, the first month of its operations as a producer of digital video monitors: a. Purchased $55,600 of materials b. Used $41,800 of direct materials in production. c. Incurred $63,900 of direct labor wages. d. Incurre...
4 answers
Before considering a net operating loss carryforward of $81 million, Fama Corporation reported $140 million of pretax accounting and
Before considering a net operating loss carryforward of $81 million, Fama Corporation reported $140 million of pretax accounting and taxable income in the current year. The income tax rate for all previous years was 31%. On January 1 of the current year, a new tax law was enacted, reducing the rate ...
4 answers
The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars): Pretax accounting
The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars): Pretax accounting income:$195 Pretax accounting income included: Overweight fines (not deductible for tax purposes) 5 Depreciation expense 70 Depreciation in the tax return 110 T...
4 answers
Three years after this student graduates, she invites friends and business leaders to the launch of her startup. Halfway through the
Three years after this student graduates, she invites friends and business leaders to the launch of her startup. Halfway through the celebration, her two friends from school realize she implemented the business plan without asking them for permission or inviting them to be partners. She offers to pa...
4 answers
Granite State Airlines serves the route between New York and Portsmouth, NH, with a single-flight-daily 100-seat aircraft. The one-way
Granite State Airlines serves the route between New York and Portsmouth, NH, with a single-flight-daily 100-seat aircraft. The one-way fare for discount tickets is $100, and the one-way fare for full-fare tickets is $400. Discount tickets can be booked up until two weeksin advance, and all discount ...
4 answers
Equipment was purchased for $51,000 on January 1, 2011. Freight charges amounted to $2,100 and there was a cost of $6,000 for building
Equipment was purchased for $51,000 on January 1, 2011. Freight charges amounted to $2,100 and there was a cost of $6,000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $9,000 salvage value at the end of its 5-year useful life. What is the amou...
4 answers
An equity trader has received a large order to buy XXX stock from an institutional client that is to be filled at the closing price
An equity trader has received a large order to buy XXX stock from an institutional client that is to be filled at the closing price that day. The firm's proprietary trading desk has been accumulating that stock during the day, which it will sell to the customer at the closing price. Just prior to th...
4 answers
If the Fed increases the discount rate, it is pursuing A. a contractionary policy because it will be more costly for banks to borrow
If the Fed increases the discount rate, it is pursuing A. a contractionary policy because it will be more costly for banks to borrow funds and this puts upward pressure on interest rates in the economy. B. a contractionary policy because it reduces banks' profit margins by raising the cost of borrow...
3 answers
What's the difference between shares, dividend and debenture?
What's the difference between shares, dividend and debenture?...
4 answers
Presented below is information related to Bonita Company at December 31, 2020, the end of its first year of operations. Sales revenue
Presented below is information related to Bonita Company at December 31, 2020, the end of its first year of operations. Sales revenue $ 335,550 Cost of goods sold 135,580 Selling and administrative expenses 54,900 Gain on sale of plant assets 30,790 Unrealized gain on available-for-sale debt investm...
4 answers
A group of film students is hosting a preview of the horror films they created for their film class with the hope that they can sell
A group of film students is hosting a preview of the horror films they created for their film class with the hope that they can sell copies of their films to help underwrite their next film. They expect that their showings to result in 3,200 students buying an average of 2 films each. Films copies w...
4 answers
An individual pays $100 every month as rent for an apartment, and his monthly opportunity cost of commuting from the apartment to
An individual pays $100 every month as rent for an apartment, and his monthly opportunity cost of commuting from the apartment to his place of work is $40. Which of the following statements is then true? A. The indirect cost of renting the apartment is $140. B. The direct cost of renting the apartme...
4 answers
Profits Group of answer choices are not a cost of doing business because they are often zero or negative. are a cost of doing business
Profits Group of answer choices are not a cost of doing business because they are often zero or negative. are a cost of doing business because they are payments to others. are a cost of doing business because entrepreneurs would not incur the risk of starting a business if they didn't expect to earn...
4 answers
The compensation method of responding to objections is often referred to as the superior benefit method because Multiple Choice the
The compensation method of responding to objections is often referred to as the superior benefit method because Multiple Choice the advantage of one attribute overcomes a concern about a less important attribute. selling firms determine which strategy to use for each customer based on such factors a...
4 answers
A society allocates its scarce resources to various jobs. these scarce resources include:
A society allocates its scarce resources to various jobs. these scarce resources include:...
4 answers
What cultural nonpreferred identifiers do you hear/read when interacting with friends, family, and coworkers verbally and/or on social
What cultural nonpreferred identifiers do you hear/read when interacting with friends, family, and coworkers verbally and/or on social media? Subject: Interpersonal Communication (CMST 105)...
4 answers
At the beginning of the year, William bought 20 shares of Zync Corporation at $18.50 per share. Zync pays dividend at the end of each
At the beginning of the year, William bought 20 shares of Zync Corporation at $18.50 per share. Zync pays dividend at the end of each year based on annual profits, which generally vary substantially from year to year. In its 25 years history, Zync has paid dividends every year without fail. The init...
4 answers
Fogerty Company makes two products, titanium Hubs and Sprockets. Data regarding the two products follow:Direct labor hours per
Fogerty Company makes two products, titanium Hubs and Sprockets. Data regarding the two products follow: Direct labor hours per Unit Annual Production Hubs 0.80 Units 10000Units Sprockets 0.40 Units 40000 Units Additional information about the company follows: a. Hubs require $32 in direct materia...
4 answers
. A stage of illness wherein the patient becomes more passive and accepting *
. A stage of illness wherein the patient becomes more passive and accepting *...