In December 200B, Glenda tries to find out whether she is a monthly or semiweekly depositor for FICA (OASDI and Medicare) and federal income tax for 200C. Please advise based on the following taxes owed:
| 200A | Quarter 3 | $37,000 |
| Quarter 4 | 12,000 | |
| 200B | Quarter 1 | 3,400 |
| Quarter 2 | 10,900 |
What is the total of the look-back period? [ Select ] ["$26,300", "$63,300", "$52,400"]
Glenda is classified as a [ Select ] ["Monthly", "Semi-weekly"]
In: Accounting
Exercise 8-4 Direct Labor Budget [LO8-5]
The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year:
| 1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | |
| Units to be produced | 10,600 | 8,000 | 8,300 | 10,600 |
Each unit requires 0.25 direct labor-hours, and direct laborers are paid $16.00 per hour.
Required:
1. Prepare the company’s direct labor budget for the upcoming fiscal year. Assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
2. Prepare the company’s direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. Instead, assume that the company’s direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 2,400 hours of work each quarter. If the number of required direct labor-hours is less than this number, the workers are paid for 2,400 hours anyway. Any hours worked in excess of 2,400 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor.
In: Accounting
An example of income payment is wages. These are paid to exchange for:
Select one:
1. Investment
2. government spending
3. consumer spending
4. human resources
In: Economics
QUESTION 1 (2,000 pts)
Suppose the Jewett-Stahanczyk-Gonzalez economy can be described by the following values:
"C" ̅" = 200",
(" I " ) ̅"= 240" "G" ̅" = 145" "T" ̅" = 160" ("NX" ) ̅" = 100"
mpc = 0.75, c = 5 , d = 30 , x = 15
a) Solve for the equation for the IS curve (call it IS1). Show at least three lines of derivation.
b) Consider the situation where the goods and services market is in equilibrium. Calculate the real GDP if the real interest rate is 5% (that is, r = 0.05). (Consider this as point A)
c) Consider the situation where the goods and services market is in equilibrium. Calculate the real GDP if the real interest rate is 10% (that is, r = 0.1). (Consider this as point B)
Suppose the government now decides to run a budget deficit of $30 without changing taxes.
d) Solve for the new equation for the IS curve (call it IS2).
e) Consider the situation where the goods and services market is in equilibrium after the policy change. Calculate the real GDP if the real interest rate is 5% (that is, r = 0.05). (Consider this as point C)
f) Calculate the government spending multiplier.
g) Neatly sketch the IS curves from parts a and e, labeling them IS1 and IS2, respectively. Make sure to show points A, B, and C in the diagram
In: Economics
Hill Incorporated purchased metal to build a new roller coaster on December 31, 2020. Hill provided a $500,000 down payment and agreed to pay the balance in equal instalments of $340,000 every December 31 for five years. Hill could have received a loan from the bank for this amount at 9% interest.
1.Prepare the journal entries that would be recorded for the purchase and for the payments and interest on December 31, 2020, 2021, 2022, 2023, 2024, and 2025.
In: Accounting
Suppose you borrowed $200,000 for a home mortgage on January 1, 2015 with an annual interest rate of 6% per year. The balance on the mortgage is amortized over 30 years with equal monthly payments at the end of each month. (This means the unpaid balance on January 1, 2045 should be $0).
a) What are the monthly payments?
(b) How much interest was paid during the 30 years of the mortgage?
(c) What is the unpaid balance on the mortgage on January 1, 2025?
In: Finance
|
Gladstone Company tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the annual accounting period, December 31. |
| Transactions | Units | Unit Cost | |||||||
| Beginning inventory, January 1 | 1,100 | $ | 50 | ||||||
| Transactions during the year: | |||||||||
| a. | Purchase, January 30 | 2,150 | 60 | ||||||
| b. | Sale, March 14 ($100 each) | (750 | ) | ||||||
| c. | Purchase, May 1 | 850 | 85 | ||||||
| d. | Sale, August 31 ($100 each) | (1,200 | ) | ||||||
|
Assuming that for Specific identification method (item 1d) the
March 14 sale was selected two-fifths from the beginning inventory
and three-fifths from the purchase of January 30. Assume that the
sale of August 31 was selected from the remainder of the beginning
inventory, with the balance from the purchase of May 1. |
| Required: | |
| 1. |
Compute the amount of goods available for sale, ending inventory, and cost of goods sold at December 31 under each of the following inventory costing methods: (Round intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.) |
|
|
Amounts of good available for sale |
Ending Inventory |
Cost of Goods Sold |
|
| a | Last in First out | |||
| b | Weighted Average Cost | |||
| c | First in First out | |||
| d | Specific identification |
| 2-a. | Of the four methods, which will result in the highest gross profit? | ||||||||
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| 2-b. | Of the four methods, which will result in the lowest income taxes? | ||||||||
|
In: Accounting
|
Scrappers Supplies tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the annual accounting period, December 31. |
| Transactions | Units | Unit Cost | |||||||
| Beginning inventory, January 1 | 200 | $ | 38 | ||||||
| Transactions during the year: | |||||||||
| a. | Purchase on account, March 2 | 350 | 40 | ||||||
| b. | Cash sale, April 1 ($54 each) | (350 | ) | ||||||
| c. | Purchase on account, June 30 | 250 | 44 | ||||||
| d. | Cash sale, August 1 ($54 each) | (70 | ) | ||||||
|
TIP: Although the purchases and sales are listed in chronological order, Scrappers determines the cost of goods sold after all of the purchases have occurred. |
| Required: | |
| 1. |
Compute the cost of goods available for sale, cost of ending inventory, and cost of goods sold at December 31 under each of the following inventory costing methods: (Round "Cost per Unit" to 2 decimal places.) |
| a. | Last-in, first-out. |
| b. | Weighted average cost. |
| c. | First-in, first-out. |
| d. |
Specific identification, assuming that the April 1 sale was selected one-fifth from the beginning inventory and four-fifths from the purchase of March 2. Assume that the sale of August 1 was selected from the purchase of June 30. |
| 2-a. |
Of the four methods, which will result in the highest gross profit? |
||||||||
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| 2-b. |
Of the four methods, which will result in the lowest income taxes? |
||||||||
|
In: Accounting
Diagnostic Results:
|
Complete Blood Count (CBC): |
Current: |
High/Low/WNL? |
|
Sodium |
134 |
|
|
Potassium |
3.8 |
|
|
Chloride |
100 |
|
|
CO2 |
27 |
|
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BUN |
17 |
|
|
Creatinine |
1.8 |
|
|
Glucose |
103 |
What lab results are RELEVANT and clinically significant?
|
RELEVANT Lab(s): |
Clinical Significance: |
Does your initial nursing priority or plan of care need to be modified in any way after obtaining these lab results?
List the nursing interventions you will initiate based on this priority. Provide the rationale and the expected outcome for each. Is the intervention dependent or independent?
|
Nursing Intervention: |
Rationale: |
Expected Outcome: |
Independent or dependent intervention: |
Prepare the ISBAR-R call to the physician.
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Introduction: |
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Situation: |
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Background: |
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Assessment: |
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Recommendation: |
|
Read back: |
The physician agrees with your concerns and decides to order open urinary catheter irrigation using 100mL normal saline as needed. Write the order on the sheet below.
|
Date/Time |
Physician Order Sheet |
Describe the difference between open and closed urinary catheter irrigation?
What is a 3-way catheter and why is it used?
Your shift is complete. Effective and concise handoffs are essential to excellent care and if not done well can adversely impact the care of the patient. What is the difference between a physician call ISBAR-R and a shift hand-off ISBAR-R?
In what situation might you differ these reports?
In: Nursing
1. What factors shift the AD curve? What factors shift the AS curves?
2. Use the Income-Expenditure Model(I-E) and the AD-AS Model to determine the size and direction of any shifts that occur in the AEp line, rGDP demanded, and the AD curve for the following changes in spending (MPC=.9). Show all work, and illustrate your results graphically. a. $8 billion increase in investment spending. b. $5 billion decrease in government spending. c. $20 billion increase in autonomous consumption spending.
3. Using the AD-AS model, illustrate graphically and explain what occurs in the short run if there is an increase investment spending of $60 billion (MPS=.2). How does the economy adjust to long run equilibrium? Hint: Begin in short run and long run equilibrium.
Label the graph and the axes accordingly and please be neat.
In: Economics