At 11:03 AM on July 16, 2020, the S&P 500 Index was down 0.71%, the Dow Jones Industrial Average was down 0.56% and the NASDAQ Composite Index was down 1.24%. Are any of these more accurate indicators of the day’s “market return” than the others? If so, why? If you followed the market regularly, to which index would you give the most credence and why?
In: Economics
Since the beginning of 2020, the world is suffering from the pandemic. Due to Covid-19, the demand for surgical masks surges rapidly. Assuming firms that produce surgical masks only need machines that produce surgical masks and workers that operate the machines. What do you think would happen to the equilibrium wage and unemployment, if there is no quarantine in place? And if there is? Assuming we are talking about a small closed economy.
In: Economics
Capital budgeting
The Calpine firm is evaluating the purchase of a Theatre, the Dome. The Theatre would cost Calpine $1 million and would be depreciated for tax purposes using straight-line over 20 years (that is, $50,000 per year). It is expected that the Theatre will increase Calpine revenues by $400,000 per year, but would also increase expenses by $200,000 per year. Calpine would be expected to increase its working capital by $20,000 to accommodate the increased investment in ticket accounts receivable. Calpine firm intends to sell the Theatre to the city after ten years for $600,000. The marginal tax rate for Calpine is 35%. For purposes of identifying the timing of cash flows, consider the purchase to be made at the end of 2010, the first year of operations the year 2011, and the last year of operations the year 2020.
In: Finance
Calculate The total amount paid to employees for a certain period.Payroll
Breakin Away Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee:
| Consultant | Computer Programmer | Administrator | ||||
| Regular earnings rate | $2,710 per week | $32 per hour | $42 per hour | |||
| Overtime earnings rate | Not applicable | 1.5 times hourly rate | 2 times hourly rate | |||
| Number of withholding allowances | 3 | 2 | 1 | |||
For the current pay period, the computer programmer worked 60 hours and the administrator worked 50 hours. The federal income tax withheld for all three employees, who are single, can be determined by adding $356.90 to 28% of the difference between the employee's amount subject to withholding and $1,796.00. Assume further that the social security tax rate was 6%, the Medicare tax rate was 1.5%, and one withholding allowance is $70.
11.3
3#Determine the The total earnings of an employee for a payroll period.gross pay and the Gross pay less payroll deductions; the amount the employer is obligated to pay the employee.net pay for each of the three employees for the current pay period. Assume the normal working hours in a week are 40 hours. If required, round your answers to two decimal places.
| Consultant | Computer Programmer | Administrator | |
| Gross pay | $ | $ | $ |
| Net pay | $ | $ | $ |
In: Accounting
Calculate Payroll
Breakin Away Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee:
| Consultant | Computer Programmer | Administrator | ||||
| Regular earnings rate | $2,010 per week | $34 per hour | $40 per hour | |||
| Overtime earnings rate | Not applicable | 1.5 times hourly rate | 2 times hourly rate | |||
| Number of withholding allowances | 3 | 2 | 1 | |||
For the current pay period, the computer programmer worked 60 hours and the administrator worked 50 hours. The federal income tax withheld for all three employees, who are single, can be determined by adding $356.90 to 28% of the difference between the employee's amount subject to withholding and $1,796.00. Assume further that the social security tax rate was 6%, the Medicare tax rate was 1.5%, and one withholding allowance is $70.
Determine the gross pay and the net pay for each of the three employees for the current pay period. Assume the normal working hours in a week are 40 hours. If required, round your answers to two decimal places.
| Consultant | Computer Programmer | Administrator | |
| Gross pay | $ | $ | $ |
| Net pay | $ | $ | $ |
Feedback
Gross pay represents the total earnings of an employee for a specific pay period, prior to taxes and deductions. Net pay is also known as take-home pay.
Locate the proper withholding wage bracket in the withholding table. Pay attention to the number of exemptions each employee is claiming.
In: Accounting
What are 4 advantages and 4 disadvantages of collective funds rather than individuals investing on their own?
In: Finance
Choose either arbitration or a court proceeding, and debate the benefits of bringing an action for collective bargaining in that forum.
In: Economics
Does the current MLB collective bargaining agreement make it harder or easier for the players and teams? Why?
In: Operations Management
On January 1, 2018, a machine was purchased for $100,000. The machine has an estimated salvage value of $6,400 and an estimated useful life of 5 years. The machine can operate for 104,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2018, 20,800 hrs; 2019, 26,000 hrs; 2020, 15,600 hrs; 2021, 31,200 hrs; and 2022, 10,400 hrs.
Compute the annual depreciation charges over the machine’s life assuming a December 31 year-end for each of the following depreciation methods. (Round answers to 0 decimal places, e.g. 45,892.)
On January 1, 2018, a machine was purchased for $100,000. The machine has an estimated salvage value of $6,400 and an estimated useful life of 5 years. The machine can operate for 104,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2018, 20,800 hrs; 2019, 26,000 hrs; 2020, 15,600 hrs; 2021, 31,200 hrs; and 2022, 10,400 hrs.
Compute the annual depreciation charges over the machine’s life assuming a December 31 year-end for each of the following depreciation methods. (Round answers to 0 decimal places, e.g. 45,892.)
| 1. |
Straight-line Method |
| 2. | Activity Method | |||
| Year | ||||
| 2018 |
$ |
|||
| 2019 |
$ |
|||
| 2020 |
$ |
|||
| 2021 |
$ |
|||
| 2022 |
$ |
|||
| 3. | Sum-of-the-Years'-Digits Method | |||
| Year | ||||
| 2018 |
$ |
|||
| 2019 |
$ |
|||
| 2020 |
$ |
|||
| 2021 |
$ |
|||
| 2022 |
$ |
|||
| 4. | Double-Declining-Balance Method | |||
| Year | ||||
| 2018 |
$ |
|||
| 2019 |
$ |
|||
| 2020 |
$ |
|||
| 2021 |
$ |
|||
| 2022 |
$ |
Assume a fiscal year-end of September 30. Compute the annual depreciation charges over the asset’s life applying each of the following methods. (Round answers to 0 decimal places, e.g. 45,892.)
|
Year |
Straight-line Method |
Sum-of-the-years'-digits method |
Double-declining-balance method |
|||
| 2018 |
$ |
$ |
$ |
|||
| 2019 | ||||||
| 2020 | ||||||
| 2021 | ||||||
| 2022 | ||||||
| 2023 |
In: Accounting
Question from - Human Resources Management - Chapter 9 " Collective Bargaining and Labour Relations"
A. Explain the three levels of decisions that are involved with labour relations.
B. Assume that management and a union are negotiating a collective agreement. During the negotiation process, the two parties are unfortunately unable to reach a contract. Identify and explain three neutral third-party actions that could be used to resolve the conflict.
C. From the actions identified above, which is the most formal and produces a binding decision?
Please answer briefly .
In: Operations Management