The payroll of Oriole Company for September 2019 is as
follows.
Total payroll was $506,000, of which $112,000 is exempt from Social
Security tax because it represented amounts paid in excess of
$128,400 to certain employees. The amount paid to employees in
excess of $7,000 (the maximum for both federal and state
unemployment tax) was $434,000. Income taxes in the amount of
$76,700 were withheld, as was $9,100 in union dues. The state
unemployment tax is 3.5%, but Oriole Company is allowed a credit of
2.3% by the state for its unemployment experience. Also, assume
that the current FICA tax is 7.65% on an employee’s wages to
$128,400 and 1.45% in excess of $128,400. No employee for Oriole
makes more than $135,000. The federal unemployment tax rate is 0.8%
after state credit.
Prepare the necessary journal entries if the wages and salaries paid and the employer payroll taxes are recorded separately.
In: Accounting
The payroll of Bonita Company for September 2019 is as
follows.
Total payroll was $492,000, of which $102,000 is exempt from Social
Security tax because it represented amounts paid in excess of
$128,400 to certain employees. The amount paid to employees in
excess of $7,000 (the maximum for both federal and state
unemployment tax) was $400,000. Income taxes in the amount of
$80,000 were withheld, as was $8,200 in union dues. The state
unemployment tax is 3.5%, but Bonita Company is allowed a credit of
2.3% by the state for its unemployment experience. Also, assume
that the current FICA tax is 7.65% on an employee’s wages to
$128,400 and 1.45% in excess of $128,400. No employee for Bonita
makes more than $135,000. The federal unemployment tax rate is 0.8%
after state credit.
Prepare the necessary journal entries if the wages and salaries
paid and the employer payroll taxes are recorded separately.
In: Accounting
E13-6 (L01) (Payroll Tax Entries) The payroll of YellowCard
Company for September 2016 is as follows.
Total payroll was $480,000, of which $110,000 is exempt from Social
Security tax because it represented amounts paid in excess of
$118,500 to certain employees. The amount paid to employees in
excess of $7,000 was $400,000. Income taxes in the amount of
$80,000 were withheld, as was $9,000 in union dues. The state
unemployment tax is 3.5%, but YellowCard Company is allowed a
credit of 2.3% by the state for its unemployment experience. Also,
assume that the current FICA tax is 7.65% on an employee’s wages to
$118,500 and 1.45% in excess of $118,500. No employee for
YellowCard makes more than $125,000. The
federal unemployment tax rate is 0.8% after state credit.
Instructions Please show work
Calculate the amounts for a liability for 2016 and 2017 fro compensated absences.
In: Accounting
In the standard Becker model of discrimination, each firm is associated with a discrimination coefficient of d > 0 and acts as if the wage paid to blacks is wB(1 + d) where wB is the actual hourly wage paid to blacks. Assume whites and blacks are equally productive. The going wage for whites is $18 per hour while the going wage for blacks is $10 per hour. Which of the following will characterize the labor market equilibrium when some employers have discriminatory preferences against hiring black workers?
A) All discriminating employers will hire only white workers.
B) An employer with a discrimination coefficient of 0.8 will hire only white workers.
C) An employer with a discrimination coefficient of 0.9 will hire only black workers.
D) An employer with a discrimination coefficient of 0.6 will hire only black workers.
E) Any employer with a positive discrimination coefficient will hire only white workers
In: Economics
Design a gas power plant that works as a non-ideal Regenerative Brayton cycle by determining the pressure ratio required to optimize the net power output of the cycle. The minimum cycle temperature is 300 K while the maximum cycle temperature is 1780 K. The isentropic efficiency of the turbine is 85% while that of the compressor is 75%. The effectiveness of the regenerator is to be taken as 0.8 while the gas flow rate is 30 kg/s. A T-s diagram for the cycle should be provided along with a table showing the pressure and temperature of all the states at the optimized point. Also, mention the cycle efficiency as well as the rate of heat addition and rejection at the optimized point taking the working fluid to be (i) air, and (ii) helium. Ignore pressure drops in the heat exchangers and assume constant specific heats at room temperature
note: i need solution with ees program (detailed information)
In: Mechanical Engineering
Betty's works in a steel mill making steel cables. Suppose cable strength can be altered in two different ways: thickness and the amount of molybdenum (an element used to make steel) it has. She wants to figure out the strongest cable she can make so she test several different cable formulas each many times. Below is a portion of the data she uses to run a regression with Thickness and Molydenum predicting Strength:
| Strength (Kilonewton, kN) | Thickness (mm) | Molybdenum (%) |
| 38.2 | 8 | 1.2 |
| 95.1 | 13 | 2.2 |
| 74.8 | 11 | 1.9 |
| 54.3 | 9 | 1.3 |
| 286.5 | 22 | 4.1 |
| 24.4 | 6 | 0.8 |
| 149.3 | 15 | 3.5 |
If Betty is making a mistake, what mistake is she making?
|
Multicollinearity |
||
|
She's not making a mistake |
||
|
Reverse causation |
||
|
One of the variables needs a scalar |
In: Statistics and Probability
For several years, evidence had been mounting that folic acid reduces major birth defects. In a study, doctors enrolled women prior to conception and divided them randomly into two groups. One group, consisting of 2722 women, took daily multivitamins containing 0.8 mg of folic acid; the other group, consisting of 2107 women, received only trace elements. Major birth defects occurred in 31 cases when the women took folic acid and in 47 cases when the women did not. a. At the 1% significance level, do the data provide sufficient evidence to conclude that women who take folic acid are at lesser risk of having children with major birth defects? b. Is this study a designed experiment or an observational study? Explain your answer.
Calculate the test (Round to two decimal place
In: Statistics and Probability
BURN PLC is a North Sea (UK) oil and gas company listed on the London Stock Exchange and financed by both debt and equity. The market value of the debt on the company’s account is £60 million and the market value of equity is £40 million. Suppose the firm has a market cost of debt of 4%; a market cost of equity of 7%; and that their corporate tax rate is 20%. GREEN PLC is a Brazilian solar energy company, listed on the Brazilian Stock Exchange, also with 60% debt and 40% equity. Suppose GREEN PLC has a market cost of debt of 6%; a market cost of equity of 15%; and that their corporate tax rate is 40%; and that BURN PLC has an equity Beta of 0.8.
In: Finance
question 1: Bond A is a municipal bond and Bond B is a corporate bond. Which bond should have the higher yield to maturity?
QUESTION 2: Both A and B took out 30-year mortgages. A paid his off in 28 years. B paid hers off in 29 years. All else equal, who paid more interet? A OR B OR BOTH
Question 4
|
Stock |
Standard Deviation |
Beta |
|
A |
0.25 |
0.8 |
|
B |
0.15 |
1.1 |
Which stock has the greatest total risk?
| A. |
B because it has the higher beta |
|
| B. |
Not enough information to determine. |
|
| C. |
A because it has the higher standard deviation |
QUESTION 6: Investment A has a quarterly interest rate of 4%. Investment B has a monthly interest rate of 1%. Which investment has the lower EAR? A OR B OR BOTH
In: Finance
Provide an example of a probability distribution of discrete random variable, Y, that takes any 4 different integer values between 1 and 20 inclusive; and present the values of Y and their corresponding (non-zero) probabilities in a probability distribution table.
Calculate: a) E(Y)
b) E(Y2 ) and
c) var(Y).
d) Give examples of values of ? and ? , both non-zero, for a binomial random variable X. Use either the binomial probability formula or the binomial probability cumulative distribution tables provided in class calculate:
a) ?(? = ?0) where ?0 is an integer of your own choice satisfying 0 < ?0 < ?. b) ?(? > ?0)
e) Suggest any value, ?0, of the standard normal probability distribution (correct to two decimal places), satisfying 1.10 < ?0 < 2.5 and then calculate:
a) P(Z> −?0) and b) P (Z< 0.8?0)
In: Statistics and Probability