Explanation:
The journal entries are shown below:
1. Prepaid insurance A/c Dr $2,625
To Insurance expense $2,625
(Being the insurance is transferred to prepaid insurance)
The computation is shown below:
= $2,700 - $2,700 × 1 months ÷ 36 months
= $2,700 - $75
= $2,625
2. Service revenue A/c Dr $1,200
To Unearned Service revenue $1,200
(Being the unearned service revenue is recorded)
The computation is
= $1,800 × 2 months ÷ 3 months
= $1,200
3. Income Tax Expense A/c $3,900
To Income Tax Payable A/c $3,900
(Being the income tax expense is recorded)
The computation is
= $10,000 × 39%
= $3,900
A 9-column table with 7 rows is shown. Column 1 is labeled If the wages are at least with entries 720, 740, 760, 780, 800, 820, 840. Column 2 is labeled But less than with entries 740, 760, 780, 800, 820, 840, 860. Column 3 is labeled And the number of withholding allowances is 0, the amount of income tax withheld is, with entries 80, 83, 86, 89, 92, 95, 98. Column 4 is labeled And the number of withholding allowances is 1, the amount of income tax withheld is, with entries 62, 65, 68, 71, 74, 77, 80. Column 5 is labeled And the number of withholding allowances is 2, the amount of income tax withheld is, with entries 44, 47, 50, 53, 56, 59, 62. Column 6 is labeled And the number of withholding allowances is 3, the amount of income tax withheld is, with entries 26, 28, 31, 34, 37, 40, 43. Column 7 is labeled And the number of withholding allowances is 4, the amount of income tax withheld is, with entries 14, 16, 18, 20, 22, 24, 26. Column 8 is labeled And the number of withholding allowances is 5, the amount of income tax withheld is, with entries 1, 3, 5, 7, 9, 11, 13. Column 9 is labeled And the number of withholding allowances is 6, the amount of income tax withheld is, with entries 0, 0, 0, 0, 0, 0, 1.
Social Security tax that is 6.2% of her gross pay
Medicare tax that is 1.45% of her gross pay
state tax that is 21% of her federal tax
Determine how Marilyn’s net pay will be affected if she increases her federal withholding allowances from 3 to 4.
a.
Her net pay will increase by $15.00.
b.
Her net pay will decrease by $15.00.
c.
Her net pay will increase by $18.15.
d.
Her net pay will decrease by $18.15.
Answer:
c
Explanation:
Answer:
Her net pay will increase by $18.15
B.Maria is more risk-averse than Jennifer because Maria is choosing a bond with lower volatility of its expected return.
C.There is not enough information to tell. In order to decide whether Maria or Jennifer is more risk averse, one will need to compare two bonds with the same expected return and different standard deviations of their expected returns.
Answer: The correct answer is "A.Maria is less risk-averse than Jennifer because Maria is choosing a bond with higher standard deviation.".
Explanation: We can measure the risk according to the standard deviation of its expected return, therefore: Maria is less risk averse because she is willing to take more risk in order to obtain a higher return and Jennifer instead prefers to sacrifice performance in order to be less exposed to risk.
Maria is less risk-averse than Jennifer because she chooses a bond with a higher expected return and a higher standard deviation, indicating a willingness to accept more risk.
This question involves the concepts of expected return and risk associated with investments, particularly bonds. Risk-aversion is the degree to which an investor prefers lower risk when investing. Maria, who prefers a bond with a 7% expected return and a 2% standard deviation, is displaying characteristics of being less risk-averse than Jennifer, who prefers a bond with a 4% expected return and a 1% standard deviation. This is because a higher standard deviation indicates a higher degree of risk, which Maria is willing to accept for the potential of a higher return.
Therefore, the correct answer is A. Maria is less risk-averse than Jennifer because Maria is choosing a bond with higher standard deviation.
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b. as soon as he or she is past due on one or two bills.
c. only if he or she is a business owner.
d. if the debtor is not a municipality.
B. at the same rate as simple interest
C. more slowly than simple interest
D. at variable rates throughout the term
Compounding interest accrues more quickly than simple interest. This is due to the fact that interest is calculated on the initial principal plus accumulated interest from prior periods. Thus, interest grows more rapidly compared to simple interest.
Compounding interest means interest accrues more quickly than simple interest. This is due to the fact that with compounding interest, the initial principal and the accumulated interest of prior periods are used to calculate the interest of the current period. For example, if you invest $1,000 at an annual interest rate of 5% compounded annually, after the first year, you will have $1,050. In the second year, interest will be calculated on $1,050, not the original $1,000. Consequently, the interest compounds or grows more quickly than it would under simple interest, which only calculates interest on the original principal.
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-a goal in mind
-an open mind
-insight from others
We will get the most useful insights from the introspection activities if we approach them with an open mind. Thus, Option 3 is the correct choice.
The time period is regularly utilized in regular language to consult the casual procedure of exploring one's internal life, however, the time period additionally applies to a greater formalized procedure that was once used as an experimental approach in psychology is referred to as Introspection.
Thus, Option 3 is the correct choice.
To learn more about Introspection refer:
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