How to journalize and what ledger does each transaction go into? 1. Paid cash for liability for employee income tax, $471.00, social security tax, $899.00, and Medicare tax, $210.25; total, $1,580.25. C465.

2. Paid cash for semimonthly payroll, $2,670.10 (total payroll, $3,528.00, less deductions: employee income tax, $228.00; social security tax, $218.74; Medicare tax, $51.16; health insurance premiums, $240.00; retirement benefits, $120.00). C466.

3. Recorded employer payroll taxes, $309.89, for the semimonthly pay period ended December 15. Taxes owed are: social security tax, $218.74; Medicare tax, $51.16; federal unemployment tax, $5.16; and state unemployment tax, $34.83. M58.

Danielle enjoy working as in certified public accountant (cpa) and assisting small business and individuals with managing their financial and taxes . which general area of accounting is her specialty ?

The simple interest in a loan of $200 at 10 percent interest per year is

Examine the following book-value balance sheet for university products inc. the preferred stock currently sells for $30 per share and pays a dividend of $3 a share. the common stock sells for $16 per share and has a beta of 0.9. there are 2 million common shares outstanding. the market risk premium is 9%, the risk-free rate is 5%, and the firm’s tax rate is 40%. book-value balance sheet (figures in $ millions) assets liabilities and net worth cash and short-term securities $ 2.0 bonds, coupon = 6%, paid annually (maturity = 10 years, current yield to maturity = 8%) $ 5.0 accounts receivable 3.0 preferred stock (par value $15 per share) 3.0 inventories 7.0 common stock (par value $0.20) 0.4 plant and equipment 21.0 additional paid-in stockholders’ equity 13.6 retained earnings 11.0 total $ 33.0 total $ 33.0 a. what is the market debt-to-value ratio of the firm? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) b. what is university’s wacc? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)