the payroll register of chen engineering co. indicates $2,160 of social security withheld and $540 of medicare tax withheld on total salaries of $36,000 for the period. retirement savings withheld from employee paychecks were $2,520 for the period. federal withholding for the period totaled $6,120. provide the journal entry for the period's payroll. if an amount box does not require an entry, leave it blank
Answers
The debit of salaries expense is for the total salaries of $36,000, whereas the credits are for the social security payable of $2,160, Medicare payable of $540, federal income taxes payable of $6,120, retirement savings payable of $2,520, and cash payroll of $34,260.
Payroll register is the document that keeps track of the payroll of the company. The payroll register of Chen Engineering Co. indicates $2,160 of Social Security withheld and $540 of Medicare tax withheld on total salaries of $36,000 for the period.
Retirement savings withheld from employee paychecks were $2,520 for the period. Federal withholding for the period totaled $6,120. The journal entry for the period's payroll:
Debit Credit Salaries expense 36000
Social Security payable 2160
Medicare payable 540
Federal income taxes payable 6120
Retirement savings payable 2520
Cash Payroll 34260
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Related Questions
An investor with no other positions buys 1 CDE May 65 put at 3.50. If the investor buys the stock at 63.50 and exercises the put, what is the investor's profit or loss
Answers
The investor will face a loss of $200. Due to the fact that the investor lost 2 after paying a premium of 3.50 for a gain of 1.50. Hence, option (c) can be considered as the suitable choice of answer.
How does the stock market works?A financial instrument called a stock gives investors ownership in a firm or corporation as well as a proportionate claim to the company's assets and profits. A shareholder who holds stock as a percentage of the total outstanding shares of the company is said to own a portion of the business. By offering stock, or equity, to investors on the stock market, businesses can raise money. Owners of stock retain a claim on the company's earnings in the form of dividends, capital gains, and voting rights. To purchase and sell shares in a public market, individual and institutional investors congregate on stock exchanges. When you purchase stock on the stock market, you do not do it directly from the company; rather, you purchase it from an existing shareholder.
To solve the question :
Premium paid = 3.50
Gain = 1.50. ( As he plans to sell it for 65 when it is currently worth 63.50)
(Premium - Gain) = (3.50 - 1.50) = 2
Due to the fact that the investor lost 2 after paying a premium of 3.50 for a gain of 1.50 (2 × 100 = $200).
Hence, the investor will face a loss of $200.
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The complete question is mentioned below :
An investor with no other positions buys 1 CDE May 65 put at 3.50. If the investor buys the stock at 63.50 and exercises the put, what is the investor's profit or loss?
A) $200 profit
B) $350 profit
C) $200 loss
D) $350 loss
Which knowledge area has been identified by architects, carpenters, and building inspectors as important in their work?
mathematics
building and construction
design
customer and personal service
Answers
Answer:
Building and Construction
Explanation:
Edg
The functional areas of business ethies include
Answers
Answer:
Production, Marketing and employment.
Explanation:
Business ethics refers to the policies which govern how a business would operate. It is the moral behaviour upon which a business entity revolves.
The functional areas of business ethics are;
1. Production. Businesses must produce goods which is part of the reason of being in existence. The business ethics here are the rules and policies that governs production in an organization.
2. Marketing. Businesses would advertise the goods and services they deal in to the outside world. The business this here is the moral relationship between the business employees and the perspective customers.
3. Employment. The business ethics in employment is the policy that governs how people are employed in an organization.
What’s the answer???
Answers
Answer:
I am not sure but I think it would be B right?
Explanation:
Because she already has $10 to go to the movie right, so she would use that 10 dollars to go to the movie with her friend?
Brian owns a company that makes inexpensive replacement parts for bicycles. He's ready to increase the scale of his business and wants to use Google Display Ads to drive sales. Which feature of a Google Display Ads will help Brian achieve his business objectives?
Answers
Answer:
His ads can appear on websites relevant to bicycles, and therefore connect him to his potential audience.
Explanation:
Search engine optimization in marketing involves including keywords in the content so that when users search for materials related to such content, the content would appear among the relevant results. For businesses that want to improve the sales of their products by making use of Google Display Ads, it is important to use keywords as the content of the advertising so that the advertisements can appear on websites relevant to the potential audience.
The main goal of advertising would be defeated if the products are marketed to people who have no interest in them. If Brian's bicycles are marketed on a website containing content for children, it would be difficult for him to make sales. Google Display Ads ensure that the right audience see the advertisements.
1) Inflation represents the rate of increase of the average price of goods. If inflation decreases from 10% to 5%, does the average price of goods decrease? Explain.
Answers
No, the average price of goods does not decrease when inflation decreases from 10% to 5%.
Inflation represents the rate of increase in the average price of goods and services over time. When inflation decreases, it means that the rate of price increase has slowed down, but it does not imply a decrease in the average price itself. Even with a lower inflation rate, prices can still continue to rise, albeit at a slower pace.
The percentage of inflation indicates the extent of price increase compared to the previous period. If the inflation rate decreases from 10% to 5%, it means that prices are still increasing but at a slower rate. For example, if an item was priced at $100 at the beginning of the year, with a 10% inflation rate, its price would increase to $110. However, with a 5% inflation rate, the price would increase to $105. While the rate of increase has decreased, the average price of goods has not decreased.
Therefore, it is important to differentiate between a decrease in the inflation rate (a decrease in the rate of price increase) and an actual decrease in the average price of goods, which would indicate deflation.
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What’s the answer????
Answers
Opportunity cost is the value of your second choice, or whatever you give up to get something
Taylor gives up either the video games or the funny videos. So you can choose either one
What is often a trade-off if a business makes an ethical decision?
Answers
Answer:
Trade-off is often when one decision results in the loss of an alternative outcome, for each decision made there may be multiple trade-offs. In business ethical standards play a crucial role in the decision-making: Used by individuals to make choices about how to behave. They define acceptable conduct in business.
With his car, paul accidentally runs over the bike he borrowed from
his neighbor. why is paul responsible for the bike?
o a. an exchange of property for currency occurred when paul
borrowed the bike.
b. a sole benefit for the bailor was created when paul
borrowed the bike.
c. a sole benefit of the bailee was created when paul
borrowed the bike.
d. a benefit for both bailor and bailee was created when paul
borrowed the bike.
Answers
With his car, Paul accidentally runs over the bike he borrowed from his neighbor. A sole benefit for the bailor was created when Paul borrowed the bike is Paul responsible for the bike. Thus, option (b) is correct.
When personal property is transferred from the owner (the baillor) to another person (the bailee) for a specific reason, a bailment is made. Paul borrowed the bike from his neighbor in this instance, resulting in a bailment.
Paul had a responsibility to take reasonable care to prevent loss or damage to the bike as the bailee. Paul violated this obligation when he unintentionally ran over the bike, making him liable for the harm done.
Paul's responsibility for the bike is unaffected by the fact that there was no exchange of property for money when he borrowed the bike, a benefit was created for both the bailor and the bailee when he did so, or a benefit was only created for the bailor.
Therefore, option (b) is correct.
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Which figure (amount) should be larger?
A. Expenses
B. income
C. Extras
D. Needs
Answers
Income
WHY:
The expenses and extras and needs should all add up to the income and the income should be over these expenses
MARK ME BRAINLIEST PLEASE
Which of the following is NOT one of the assumptions of fixed-period systems? A. Lead times are variable. B. The only relevant costs are the ordering and holding costs. C. Items are independent of one another. D. Lead times are known
Answers
Lead times are variable is not one of the assumptions of fixed-period systems.
What is a Variable?
A variable is a named storage location in a computer program that holds a specific value or values. A variable can store different types of data, including numbers, strings, objects, and arrays. Variables can be used to store data, perform calculations, and control program flow.
What is Fixed-period systems?
Fixed-period systems are a type of inventory control system used to monitor and manage inventory levels. It is a system in which the time period for ordering and replenishing stock is fixed. This system works by setting a fixed reorder period, and when that period expires, the system will automatically generate an order for stock. The order quantity is based on a predetermined formula that is used to calculate the amount of stock needed to maintain inventory levels.
Therefore the correct option is A. Lead times are variable.
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What are checks?
I put:
Checks are a small piece of paper that is used to be paid money from another person's account, with their consent of course.
and got 100%
Answers
Answer:
A cheque, or check, is a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued. The person writing the cheque, known as the drawer, has a transaction banking account where their money is held.
Answer:
Checks are a small piece of paper that is used to be paid money from another person's account, with their consent of course.
Explanation:
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a company's advertisements in the local newspaper include a coupon designed to encourage customers to try the company's new product. this is an example of advertising based on .
Answers
This is an example of advertising based on (A) objectives.
What are objectives?The three main goals of advertising are to inform, convince, and remind. Informative advertising raises consumer knowledge of companies, their goods and services, and concepts. It can inform customers about the features and advantages of new or old items, as well as announce new programs and products.Business objectives are the precise, quantifiable outcomes that organizations seek to retain as they expand. Business objectives are created with an emphasis on specifics. Analyzing, evaluating, and comprehending where you are now and where you want to be in the future are required.Therefore, a company's advertisements in the local newspaper include a coupon designed to encourage customers to try the company's new product. This is an example of advertising based on (A) objectives.
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Complete question:
A company's advertisements in the local newspaper include a coupon designed to encourage customers to try the company's new product. This is an example of advertising based on
a. Objectives
b. Employees
c. Budgets
d. Bloggers
Drag each label to the correct location on the image.
Match the formulas to the relevant ratios.
Answers
Here is the correct answer
Formula Ratio Category
Current Assets - Current Liabilities Current Ratio Liquidity
Net Sales/Average Total Assets Asset Turnover Ratio Activity
Cost of Goods Sold/Average Inventory Inventory Turnover Ratio Activity
Net Income (after tax)/Total Assets Return on Assets Ratio Profitability
Profit (after tax)/Revenue Return on Sales Ratio Profitability
How to explain the informationThe current ratio measures a company's ability to pay its short-term debts. It is calculated by dividing current assets by current liabilities. A higher current ratio indicates that a company has more assets to cover its debts, which is generally considered to be a good thing.
The asset turnover ratio measures how efficiently a company is using its assets to generate sales. It is calculated by dividing net sales by average total assets. A higher asset turnover ratio indicates that a company is using its assets more efficiently, which can lead to higher profits.
The inventory turnover ratio measures how quickly a company is selling its inventory. It is calculated by dividing cost of goods sold by average inventory. A higher inventory turnover ratio indicates that a company is selling its inventory more quickly, which can lead to lower costs and higher profits.
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how can government create more employment
Answers
Answer:
The government can create more employment by Reducing Interest Rates.
Answer:
Reducing Interest Rates.
Explanation:
Which term describes a situation where the quantity of output rises, but the average cost of production falls?.
Answers
Economies of scale describe a situation where the quantity of output rises, but the average cost of production falls.
What do economies of scale result in a fall in?Economies of scale additionally result in a fall in common variable fees (average non-constant fees) with growth in output. this is brought about by means of operational efficiencies and synergies because of a boom within the scale of production.
Examples of economies of scale consist of accelerated purchasing power, community economies, and technical, economic, and infrastructural. While a firm grows too large, it may be afflicted by the alternative diseconomies of scale. that is wherein unit expenses start to grow to be extra high priced, due to increasing size.
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What are some examples of share investments?
Answers
Answer:
Growth stocks: Shares of fast-growing, higher-risk companies.
Tech stocks: Shares of technology companies.
Small-cap, mid-cap and large-cap stocks: Stocks from small, mid-size and large companies.
Explanation:
Answer:
when you buy and sell stocks...
Explanation:
Which communication objective related to the hierarchy of effects requires explaining the benefit of a new product relative to other similar products offered by​ competitors?
Answers
The communication objective related to the hierarchy of effects is knowledge.
What is knowledge?Knowledge simply means having understanding about something by knowing it.
Having good understanding of a new product is important as this help us to everything about the products, including the important of the product and the benefit consumer of such product tend to derived from using this product compare to other product that are similar to the new product in the market.
Inconclusion the communication objective related to the hierarchy of effects is knowledge.
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Mohamed is starting a new business. Before selling anything, he bought a motor van for $3500, a
market stall for $2000 and inventories for $1100. He did not pay in full for his inventories and still
owes $1000 for them. He borrowed $4000 from Ibrahim. After the above, he has $400 cash in hand
and $1000 cash at bank. Calculate the amount of his Capital.
Answers
Answer:
$3,500
Explanation:
What is the interest owed on a loan of $100 at 10% for 3 months?
Answers
Answer:
$2.50
Explanation:
The information is somewhat incomplete. It does not state whether simple or compound interest which could make a difference
I am assuming simple interest
The formula for simple interest is
I = Prt
where I is interest
P is amount of loan
r is annual rate of interest expressed as a decimal
t = number of years
We are given
P = $100
r = 10$ = 10/100 = 0.10
t = 3 months = 3/12 year = 1/4 th of a year
I = 100 x 0.10 x 1/4 = $2.50
Henry recently set up a retail store in his hometown. He studied the pattern that other storeowners followed in obtaining new customers. All their current customers had referred the store to their friends and family. Their awareness basically spread through word-of-mouth. Henry knew that his store offered the same quality as the other stores did. His store was also on the same street as the other retail stores. Given the setting, the other storeowners were already charging their customers the bare minimum in order to remain competitive. Which P of marketing should Henry concentrate on to distinguish his retail store?
Answers
Answer :
Promotion is the P of marketing Henry may focus on to differentiate his retail shop.
Explanation :
In marketing, there are seven (7) P's that make up the marketing mix. The four (4) most important P's in the marketing mix are P-product, P-price, and P-place. P-promotion According to the text, Henry cannot utilize the first P, which stands for product, because he is aware that his store offers the same quality as the others.
Henry can't utilize the second P, Price, as a marketing technique since he knows that other business owners are already charging the bare minimum to stay competitive. Henry can't utilize the third P, which stands for Place, because his business is on the same street as the other retail stores, and he can't improve on that. Henry's lone marketing tool for beating the competition is the fourth P, which stands for Promotion.
This is because word-of-mouth knowledge established by other business owners is insufficient to create widespread awareness; word-of-mouth can only reach friends and relatives. As a result, the P in marketing that Henry may use is Promotion. He may achieve this by creating global awareness through advertisements on television, radio, social media, printing handbills, and sales promotions such as lottery draws, festive sales, clearance discounts, and offering consumers bonuses such as the buy three, get one free promotion.
Dad Mystery
To all my friends and "ex-friends" I have a message. I am pushing you to the side until I finally finish this mystery. I can't handle the stress of having to multi-multi-task. I need to focus on certain things, not the stress some of you have put me through and the talking. You know who you are. Now, back to my question
What happened on CFB 2149-0403?
Whatever happened to Emily?
How fast were they travelling?
Having a moment of clarity
Why did base do this to them?
Who are they calling family?
Answers
Answer:
Uh...sorry to be hours late but did something happen to a friend of yours that was bad? -Your friend, Bill Cipher
Explanation:
when do we use the t-distribution instead of the normal distribution to construct confidence intervals for a population mean, μ?when Population Standard Deviation is known when Population Standard Deviation is unknown when Sample Standard Deviation is known when Sample Standard Deviation is unknown
Answers
When the population standard deviation is unknown and the sample size is small, we use the t-distribution instead of the normal distribution to construct confidence intervals for a population mean, μ.
Standard deviation is a measure of the amount of variability or dispersion in a set of data. It is calculated as the square root of the variance, which is the average of the squared differences from the mean. The standard deviation indicates how spread out the data assets is around the mean, with a larger standard deviation indicating more spread or variability.
In statistics, standard deviation is widely used to measure the spread of a data set, and it is an important tool for making inferences and drawing conclusions from data. It is particularly useful in identifying outliers, or data points that are far from the mean, and can also be used to assess the precision of a measurement or estimate.
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Your house is for sale for $210,000. A realtor will charge you a 3% sales commission. If you choose a "sale by owner" option bypassing a realtor, you will pay no commission, but you will have to pay an attorney an average of $950 at your closing. What will you save by choosing the "sale by owner" option?
Answers
Answer:
5350
Explanation:
If your house is for sale for $210,000. What you will save by choosing the "sale by owner" option is $5350.
What is Sales?Sales can be defined as the way of selling a product in exchange for cash.
Using this formula
Amount saved=(Selling price×Sales commission)- Closing price
Let plug in the formula
Amount saved=($210,000×3%)-$950
Amount saved=$6,300-$950
Amount saved=$5,350
Therefore If your house is for sale for $210,000. What you will save by choosing the "sale by owner" option is $5350.
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Which career is best suited for people who have a high school diploma?
- Administration and information support.
- Human resources.
- Business financial management and accounting.
- Business analysis.
Answers
Answer:
It should be Human resources because it is the least technical compared to the other three options.
What are two types of organizational structures designed to help an organization achieve its goals and objectives?
Answers
Answer:
the only one I can think I office procedure
What is the Federal Reserve System able to do?
A. Mandate that the government create new jobs
B. Provide loans to individuals
C. Provide loans to banks
D. Encourage individuals to spend more money
Answers
Answer:
c
Explanation:
The federal reserve systems responsibilities include influencing the supply of money and credit to banks
F. What effect does a low unemployment rate have on business? what effect does a high unemployment rate have on business?
Answers
Answer:reduces the productivity of the company as a whole<3
Explanation:
It comes when there's an increase demand for labor because of low unemployment. With less people available for work, employers have to increase their wages to find, and keep, employees. This can cause some organizations to settle for less-talented workers, which again reduces the productivity of the company as a whole
The effect of low unemployment rate on business is that the productivity of business will fall, and the effect of high unemployment rate on business is that the productivity of business will raise.
What is unemployment rate?The unemployment rate refers to the state of being unemployed. The unemployment rate is derived by dividing the total number of people in the labor force by the number of people who are jobless.
The labor force is the total number of people who are employed and unemployed. A low unemployment rate has the impact of lowering business productivity, whereas a high unemployment rate has the effect of increasing business productivity.
Therefore, the unemployment rate is defined as the state of being unemployed.
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What MUST you have in order to
complete a federal, state, or local tax
return form?
Answers
Answer:
federal
Explanation:
Which of these factors is an advantage to using cash?
Answers
Answer:
B no fees or charges
Explanation:
Your welcome
Answer:
B.no fees or changes this is the right one