Reference no: EM13911263
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.
|
Investors start to receive proceed from liquidation process
: Suppose that a recently-healthy firm has just defaulted, has been liquidated, and where the firm's assets were worth $100 million before the liquidation. Past which recovery rate would common stock investors start to receive proceeds from the liquid..
|
|
Why does a product often start as a question mark
: Why does a product often start as a question mark and then move counterclockwise around the BCG's growth share matrix shown in Figure?
|
|
Compensation to investors in form of capital appreciation
: 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.
|
|
Television home shopping programs
: What consumer wants (or benefits) are met by the following products or services?
|
|
Prepare journal entries to record accrued payroll
: 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; Prepare jou..
|
|
Common shareholder get in aggregate post-liquidation
: Suppose that a recently-healthy firm has just defaulted, has been liquidated, and where the firm's assets were worth $100 million before the liquidation. How much money would common shareholder get in aggregate post-liquidation?
|
|
Different between order and delivery
: Ticho Gas and Electric is required to carry a minimum of 20 days’ average coal usage, which is 100 tons of coal. It takes10 days between order and delivery. At what level of coal would TG&E reorder?
|
|
What detailed data might you need to perform
: If you were a financial analyst tracking this company, what detailed data might you need to perform a more complete analysis? Write a brief memo summarizing your data needs.
|
|
New york giants football team
: What are the characteristics (e.g., age, income, education) of the target market customers for the following products or services?
|