Reference no: EM13956372
The following monthly data are taken from Ramirez Company at July 31: sales salaries, $200,000; office salaries, $160,000; federal income taxes withheld,$90,000;state income taxes withheld, $20,000; social security taxes withheld,$22,320; Medicare taxes withheld, $5,220; medical insurance premiums, $ 7,000; life insurance premiums, $4,000; union dues deducted, $1,000; and salaries subject to unemployment taxes, $50,000. The employee pays 40% of medical and life insurance premiums.
Prepare journal entries to record: (1) accrued payroll, including employee deductions, for July ; (2) cash payment of the net payroll (salaries payable) for July; (3) accrued employer payroll taxes, and other related employment expenses, for July- assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.6%; and (4) cash payment of all liabilities related to the July payroll.
What is the average number of customers waiting in line
: What is the probability of there being two or more customers in the system?
|
Would paying aig traders be fair
: Would paying AIG traders be fair? Why or why not? please use theory assigned (Rawls and/orNozick) in your contribution.
|
Risk-adjusted required return for each stock
: Two stocks each pay a $1 dividend that is growing annually at 8 percent. Stock A's beta = 1.3; stock B's beta = 0.8. Which stock is more volatile? If Treasury bills yield 9 percent and you expect the market to rise by 13 percent, what is your risk-ad..
|
Slope of the security market line will decrease
: A zero coupon bond is a bond that pays no interest and is offered (and initially sells) below par. These bonds provide compensation to investors in the form of capital appreciation. If investors become less averse to risk, the slope of the Security M..
|
Accrued payroll-including employee deductions
: Prepare journal entries to record: (1) accrued payroll, including employee deductions, for July ; (2) cash payment of the net payroll (salaries payable) for July; (3) accrued employer payroll taxes, and other related employment expenses, for July- as..
|
How many selections are possible
: A student did some holiday shopping by buying 4 books: 1 for his father, 1 for his mother, 1 for his young sister, and 1 for his older brother.
|
Depreciated over five years using the straight-line method
: Please show/explain work. Scott Investors, Inc, is considering the purchase of a 412,000 computer with an economic life of 5 years. The computer will be fully depreciated over five years using the straight-line method. The market value of the compute..
|
Increasing number of workplaces appears
: One of the new rules of survival in an increasing number of workplaces appears to be: If you don't have the personality to work round-the-clock, don't bother applying for a job here.
|
Expected return on an average investment in the market
: You are considering the purchase of a common stock whose historical beta is .5. What rate of return should you require from this stock if the current risk free rate of return is 4% and the expected return on an average investment in the market is 11%..
|