Larned corporation recorded the following transactions for the just completed month. $80,000 in raw materials were purchased on account. $71,000 in raw materials were used in production. of this amount, $62,000 was for direct materials and the remainder was for indirect materials. total labor wages of $112,000 were paid in cash. of this amount, $101,000 was for direct labor and the remainder was for indirect labor. depreciation of $175,000 was incurred on factory equipment. record the above transactions of journal entries.
Answers: 2
Business, 22.06.2019 22:00, levicorey846
On january 8, the end of the first weekly pay period of the year, regis company's payroll register showed that its employees earned $22,760 of office salaries and $70,840 of sales salaries. withholdings from the employees' salaries include fica social security taxes at the rate of 6.20%, fica medicare taxes at the rate of 1.45%, $13,260 of federal income taxes, $1,450 of medical insurance deductions, and $860 of union dues. no employee earned more than $7,000 in this first pay period. required: 1.1 calculate below the amounts for each of these four taxes of regis company. regis’s merit rating reduces its state unemployment tax rate to 3% of the first $7,000 paid to each employee. the federal unemployment tax rate is 0.60
Answers: 3
Business, 22.06.2019 22:20, ciara180
Which of the following is correct? a. a tax burden falls more heavily on the side of the market that is more elastic. b. a tax burden falls more heavily on the side of the market that is less elastic. c. a tax burden falls more heavily on the side of the market that is closer to unit elastic. d. a tax burden is distributed independently of the relative elasticities of supply and demand.
Answers: 1
Business, 23.06.2019 02:30, HistoryLee
Beachballs, inc., expects abnormally high earnings for the next three years due to the forecast of unusually hot summers. after the 3-year period, their growth will level off to its normal rate of 6%. dividends and earnings are expected to grow at 20% for years 1 and 2 and 15% in year 3. the last dividend paid was $1.00. if an investor requires a 10% return on beachballs, the price she is willing to pay for the stock is closest to:
Answers: 3
Larned corporation recorded the following transactions for the just completed month. $80,000 in raw...
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Mathematics, 05.11.2019 08:31