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Carmen Flores' weekly earnings for the week ending Dec 7th were 2,500, and her federal income tax withholding was $525. Prior to this week flores has earned 99,000 for the year. Assuming the social security rate id 6% on the first 100,000 of annual earnings and medicare is 1.5% of all earnings, what is Flores' net pay Round answer to 2 decimal place.
The Retained Earnings account has a credit balance of $17,000 before closing entries are made. If total revenues for the period are $55,200, total expenses are $39,800 and dividends are $9,000, what is the ending balance in the Retained Earnings a..
the sales mix percentages for roberts boston and seattle divisions are 70 and 30. the contribution margin ratios are
If the machine has no salvage value at the end of seven years, and assuming the company's discount rate is 10%, what is the purchase price of the machine if the net present value of the investment is $17,000?
The present value of the minimum lease payments is $3,960,000. The lease is appropriately classified as a sales-type lease. Assuming the interest rate for this lease is 10%, how much interest revenue will Princess record in 2012 on this lease?
What are the differences between job cost and process cost systems? When would it be appropriate to use each type of system? What is the effect of each system on the product cost?
Murphy is contributing $150,000 in cash and accounts payable of $40,000. O'Sullivan is contributing a building that cost O'Sullivan $60,000. The building's current market value is $85,000. Journalize the investment of the two partners.
1. an operating cyclea. is twelve months or less in lengthb. is the average time required for a company to collect its
Landry's Restaurants reported cost of goods sold of $322 million and accounts payable of $83 million for 2003. In2002, cost of goods sold was $258 million and accounts payable was $72 million. What was Landry's accounts payable turn over ratio in ..
As a monopoly, compute Quick Tax's output, price, and profits at the profit-maximizing activity level.
Percy reported net income from its own operations of $720,000 in 2011 and $760,000 in 2012. Smyth reported net income of $400,000 in 2011 and $460,000 in 2012. Neither company declared dividends in either year.
a company raised 50000 in cash by taking a one-year loan of 10000 and a 5-year loan of 40000. which of the following is
the financial statements for the bao corporation are given belowbao corporationcomparative balance sheetsdecember 31
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