Which of the following deposit requirements pertains to a monthly depositor who has accumulated employment taxes of $2,900 at the end of October

Answers

Answer 1

Answer: if the obligation is $2900 on the 941, you would have deposited the liability each month of the quarter
and when filing the 941, you will have paid in what is owed and there will be nothing due with this return
the limit is $2500 that you do not have to prepay
for July's obligation you would paid(electronically) by Aug. 15, for Aug, by Sept.15, and for the quarter Oct. 15
EFPTS is a very good way to comply with electronic filing

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A company's sales forecast would likely consider all of the following factors except: advertising and pricing policies. top management's attitude toward decentralized operating structures. general economic and industry trends. competition. political and legal events.

Laser World reports net income of $600,000. Depreciation expense is $45,000, accounts receivable increases $12,000, and accounts payable decreases $25,000. Calculate net cash flows from operating activities using the indirect method

Answers

Answer:

$608,000

Explanation:

For the indirect method, the below steps are applicable.

Net income $600,000 + Add non cash expense (depreciation) $45,000

= $645,000

We will need to account for changes in assets; which is add sources of cash and subtract use of cash. Therefore, net cash flow from operating activities is ;

= $645,000 + (-$25,000) + (-$12,000)

= $645,000 - $25,000 - $12,000

= $608,000

Note: The above negative signs indicates cash usage which reduces accounts payable and increases accounts receivable.

The Work-in-Process inventory account of a manufacturing firm shows a balance of $4,090 at the end of an accounting period. The job cost sheets of two uncompleted jobs show charges of $570 and $370 for materials, and charges of $600 and $800 for direct labor. From this information, it appears that the company is using a predetermined overhead rate, as a percentage of direct labor costs, of: Multiple Choice 43%.

Answers

Answer:

125%

Explanation:

The computation of predetermined overhead rate is shown below:-

Manufacturing overhead = $4,090 - ($570 + $370 + $600 + $800)

= $4,090 - $2,340

= $1,750

Total direct labor = $600 + $800

= $1,400

Manufacturing overhead = Predetermined overhead rate × Direct labor

Predetermined overhead rate = Manufacturing overhead ÷ Direct labor

= $1,750 ÷ $1,400

= 125%

Therefore for computing the predetermined overhead rate we simply divide the manufacturing overhead by direct labor.

Suppose there is a policy debate regarding the United States’ imposing trade restrictions on imported steel rods. Read the following scenario and answer the question that follows.
The president of the United States argues that the United States should threaten to impose a tariff on Chinese steel rods in order to induce the Chinese to remove its tariff on American cars.
Which of the following justifications is the pundit using to argue for the trade restriction on steel rods?

a. National-security argument
b. Infant-industry argument
c. Jobs argument
d. Using-protection-as-a-bargaining-chip argument
e. Unfair-competition argument

Answers

Jobs argument justifications is the pundit using to argue for the trade restriction on steel rods

Explanation:

A main argument often put forward to curb trade would be that trade decreases the amount of jobs domestically available.

The point about maintaining jobs is often put forward by employers to protect union jobs. Nevertheless, unions are undermining the market by prohibiting businesses from receiving their products at lower prices, causing them to increase prices. Moreover, businesses are often discouraged from using automation or robotics to retain jobs, which is ironic because automation and robotics improve the productivity of workers, thereby encouraging companies to pay employee salaries and benefits.

During the year, TRC Corporation has the following inventory transactions. Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 53 $ 45 $ 2,385 Apr. 7 Purchase 133 47 6,251 Jul. 16 Purchase 203 50 10,150 Oct. 6 Purchase 113 51 5,763 502 $ 24,549 For the entire year, the company sells 433 units of inventory for $63 each. Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit

Answers

By using the FIFO Method the Closing inventory is $3,519. The cost of goods sold is $18,786. The sales revenue is $27,279, and the gross profit is $8,493.

Closing Inventory:

Ending inventory = 69 units * $51 (unit cost from the last purchase) = $3,519

Cost of Goods Sold:

The cost of goods sold will be the cost of the inventory that was sold during the year. Since the inventory is allocated based on the FIFO method, we start by using the units from the beginning inventory, then from the April 7 purchase, and finally from the July 16 purchase.

a. From the beginning inventory (53 units):

Cost of goods sold = 53 units * $45 (unit cost from the beginning inventory) = $2,385

b. From the April 7 purchase (133 units):

Cost of goods sold = 133 units * $47 (unit cost from the April 7 purchase) = $6,251

c. From the July 16 purchase (247 units):

Since the total number of units from the July 16 purchase (203 units) is greater than the remaining units needed (433 - 53 - 133 = 247 units), we will use all the units from this purchase.

Cost of goods sold = 203 units * $50 (unit cost from the July 16 purchase) = $10,150

Total cost of goods sold = $2,385 + $6,251 + $10,150 = $18,786

Sales Revenue:

Sales revenue = 433 units * $63 (selling price) = $27,279

Gross Profit:

Gross profit = Sales revenue - Cost of goods sold

Gross profit = $27,279 - $18,786 = $8,493

Therefore, using the FIFO method, the ending inventory is $3,519, the cost of goods sold is $18,786, the sales revenue is $27,279, and the gross profit is $8,493.

Learn more about the FIFO method here:

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If the beginning raw materials inventory balance is $50 and the ending raw materials inventory balance is $500 and the amount of raw materials placed into production $400.....what are the Net Purchases for the period

Answers

The net purchase for the period will be $850.

Amount of raw material placed into production) = Opening inventory + Net purchase - Ending inventory

$400 = $50 + Net purchase - $400

Net purchase = $850

In conclusion, the net purchase for the period will be $850.

Answers

Answer:

1.98359

Explanation:

Given that :

Index have three stocks and the prices of those sticks are $93, $351, and $74, respectively. Usually what stock split does is to increase he number of share outstanding without any interference with the original total amount of money.

So if Baker ( the company B ) undergoes 2:1 split stock, it typically implies that one share will be divided by two shares.

New divisor for price - weighted index is given by the formula:

Price weighted index = $\frac{Price_(A) + Price _(B afterstockspit) +Price_(C)}{\frac{Price_(A) + Price _(B beforestockspit) +Price_(C)} {Number of Stocks } }$

Price of stock B before stock split is = $351

To determine the new stock B after stock split; we have

Price weighted index₀ = $(Price _(B before stock split))/(Stocl split ratio)$

= $(351)/(2)$

= $175.5

The new divisor for the price weighted index is as follows;

Price weighted index = $\frac{Price_(A) + Price _(B afterstockspit) +Price_(C)}{\frac{Price_(A) + Price _(B beforestockspit) +Price_(C)} {Number of Stocks } }$

Price weighted index = $(93+175.5+74)/( (93+351+74)/(3) )$