Bonita Company showed the following balances at the end of its first year: Cash $6070 9420 Prepaid insurance 6970 Accounts receivable 5500 Accounts payable 8490 Notes payable 2800 Common stock 1370 Dividends 44900 Revenues 34100 Expenses What did Bonita Company show as total credits on its trial balance? $63060 $71110 $52270 $61690
Answers
Option D is the correct answer. Bonita Company showed a total credit balance of $61690 on its trial balance. A trial balance is a financial statement that lists all of the ledger accounts' closing balances.
The trial balance's purpose is to verify that a company's accounting entries are balanced and that it has recorded all of its transactions correctly. Here, we are given the following balances at the end of Bonita Company's first year:
Cash $6070, Prepaid insurance $6970, Accounts receivable $5500, Accounts payable $8490, Notes payable $2800, Common stock $1370, Dividends $44900, Revenues $34100, Expenses.
We need to calculate the total credits on Bonita Company's trial balance. To prepare the trial balance, we add up all of the credit balances from the ledger accounts.
Here are the credit balances for Bonita Company: Revenues: $34100, Accounts receivable: $5500, Cash: $9420, Prepaid insurance: $6970, Total credits: $63090.
Since we're adding up the credit balances, the answer is $63090 or $61690, after resolving the difference. Therefore, the company's total credits on its trial balance are $61690. Hence, option D is the correct answer.
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Related Questions
Can Some people give me brainliest I'll give ya'll all my points when I see it
Answers
Answer:
Explanation: why u delete all your questions that u answered for me?
given the following information, determine the cost of goods sold for the period. date jan 1 beginning inventory $950 jan 1-30 purchases $1800 jan 31 ending inventory $250
Answers
$2500, represents the cost of goods sold for the period. This value indicates the total cost incurred to produce the goods that were sold during the period.
To determine the cost of goods sold (COGS) for the period, we need to calculate the total cost of inventory purchased during the period and subtract the ending inventory value. Here's the calculation:
Beginning Inventory: $950
Purchases during January 1-30: $1800
Ending Inventory on January 31: $250
First, let's calculate the total cost of inventory available during the period:
Beginning Inventory + Purchases = $950 + $1800 = $2750
Next, we subtract the ending inventory value from the total cost of inventory available:
Total Cost of Inventory Available - Ending Inventory = $2750 - $250 = $2500 It includes the cost of the beginning inventory and any additional inventory purchases made within the period, while excluding the value of the ending inventory, which represents unsold goods at the end of the period.
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University of the Southern Caribbean have been considering to construct two extension sites in other Caribbean Islands. After they reviewed and analysed several proposals, the options were narrowed down to two possible extension sites. The St. Lucia extension site is estimated to cost $950,000 with an expected cost of capital to be 10%. Grenada’s extension site is closer to Trinidad so the cost is anticipated to be $750,000 with a cost of capital of 12%. The anticipated net cash inflows for the next 6 years are projected below.
Years St. Lucia Extension Site Grenada Extension Site
1 230,000 230,000
2 228,000 280,000
3 278,000 295,000
4 283,000 180,000
5 273,000 200,000
6 280,000 150,000
Requirements:
1. USC would like the payback period to be by year 4 for the latest. Based on that, which investment would you recommend and if they both meet the criteria, rank them.
2. USC has $1,750,000 available for the projects. Use the NPV method for the basis of your recommendation.
3. Make an overall recommendation after reviewing both the payback and NPV methods.
Answers
Answer:
a. Payback period method works by finding out if the investment will payback its initial investment within a certain period.
Payback period is a maximum of 4, find out which investment paid back in 4 years:
St Lucia:
= Cash flows for first 4 years - initial investment
= 230,000 + 228,000 + 278,000 + 283,000 - 950,000
= $69,000
Payback period = Year before payback + (Amount left for payback / Cashflow in payback year)
= 3 + ( (950,000 - 230,000 + 228,000 + 278,000) / 283,000)
= 3.76 years
Granada:
Payback period = Year before payback + (Amount left for payback / Cashflow in payback year)
= 2 + ( ( 750,000 - 230,000 - 280,000) / 295,000)
= 2.81 years
Both of them meet criteria but Granada site has lower payback period of 2.81 years so should rank higher than St. Lucia site.
2. St Lucia NPV:
= (230,000 / (1 + 10%)) + (228,000 / (1 + 10%)²) + (278,000 / (1 + 10%)³) + (283,000 / (1 + 10%)⁴) + (273,000 / (1 + 10%)⁵) + (280,000 / (1 + 10%)⁶) - 950,000
= $177,243
Granada NPV:
= (230,000 / (1 + 12%)) + (280,000 / (1 + 12%)²) + (295,000 / (1 + 12%)³) + (180,000 / (1 + 12%)⁴) + (200,000 / (1 + 12%)⁵) + (150,000 / (1 + 12%)⁶) - 750,000
= $192,420
USC has enough money to fund both projects and so should embark on both of them as they both bring in a positive Net Present Value.
3. On the basis of both the Payback period and the NPV, the Granada site performs better than the St. Lucia so if USC does not have enough money for both projects, they should invest in the Granada project.
By viewing someone (including yourself) as a New Yorker, for example, you remove that person's individuality and instead, see him or her as a
prototypical representative of the group called New Yorkers. This process then allows you to distinguish New Yorkers from people who live in,
say, Texas or North Carolina. This is an example of
Answers
Answer:
Categorization
Explanation:
Categorization is a process whereby an individual is given or labelled a social identity based on sharing similar characteristics, such as geographical location, with a particular group. In simple terms, an individual is considered and believed to have the same behavior as those group members they have something in common, which could be just geographical location.
Therefore, the scenario of cited in the question above is an example of categorization.
A recent statement of cash flows for Apple contained the following information (dollars in millions): OPERATIONS Net income $ 57,411 Depreciation and amortization 17,573 Changes in operating assets and liabilities: Accounts receivable, net 8,470 Inventories (127) Other current assets (9,588) Accounts payable (4,062) Deferred revenue 2,081 Other current liabilities 8,916 Cash generated by operating activities $80,674 Source: Apple Required: For each of the asset and liability accounts listed on the statement of cash flows, determine whether the account balances increased or decreased during the period.
Answers
Based on the information provided, accounts receivable, deferred revenue, and other current liabilities increased during the period, while inventories, other current assets, and accounts payable decreased.
To determine whether the account balances increased or decreased during the period, we need to analyze the changes in the values provided in the statement of cash flows for each asset and liability account:
1. Accounts Receivable, net: The net change in accounts receivable was an increase of $8,470 million. This indicates that the accounts receivable balance increased during the period.
2. Inventories: The change in inventories was a decrease of $127 million. This suggests that the inventory balance decreased during the period.
3. Other Current Assets: The change in other current assets was a decrease of $9,588 million. This implies that the balance of other current assets decreased during the period.
4. Accounts Payable: The change in accounts payable was a decrease of $4,062 million. This indicates that the accounts payable balance decreased during the period.
5. Deferred Revenue: The change in deferred revenue was an increase of $2,081 million. This suggests that the deferred revenue balance increased during the period.
6. Other Current Liabilities: The change in other current liabilities was an increase of $8,916 million. This implies that the balance of other current liabilities increased during the period.
These changes in account balances reflect the cash flows from Apple's operating activities during the period.
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a statement ranking information risks and identifying security goals would be included in which of the following? business impact analysis aup business continuity plan security policy risk assessment
Answers
A statement ranking information risks and identifying security goals would be included in the risk assessment phase. The correct option is risk assessment.
Risk assessment is the process of identifying, analyzing, and evaluating potential threats and vulnerabilities to an organization's assets, and developing strategies to mitigate or manage those risks. The results of the risk assessment can be used to inform the development of a security policy, business impact analysis, and a business continuity plan, as well as other security-related activities.
The AUP (Acceptable Use Policy) is a document that outlines what is and is not acceptable behavior when using an organization's resources and is typically included as part of the security policy.
In addition to ranking risks, a risk assessment also identifies security goals and objectives for the organization. Security goals are the desired outcomes of implementing security controls and measures to mitigate identified risks. They may include confidentiality, integrity, availability, privacy, and compliance with legal and regulatory requirements.
The identification of security goals helps to guide the selection and implementation of appropriate security controls to address the identified risks.
Therefore, the correct option is risk assessment.
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Managerial staff at the Dairy Queen make decisions about how to reinvest profits, how to improve profit margins, and how to manage tax liabilities, all of which are _____ resources.
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Managerial staff at the Dairy Queen make decisions about how to reinvest profits, how to improve profit margins, and how to manage tax liabilities, all of which are information resources.
What is a managerial staff?
Managerial staff means persons who perform executive, management or senior administrative functions and includes deans, associate deans, heads of administrative units, administrative assistants, and other persons performing similar functions who are designated as managerial staff by the board.
What are information resources?
Information resources are defined as the data and information used by an organization.
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data which exhibits a strong negative correlation (r is close to -1) should not be relied upon for making forecasting decisions
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Data that exhibits a strong negative correlation (r is close to -1) can be reliable for making forecasting decisions, as long as the context of the data is properly understood.
A strong negative correlation means that when one variable increases, the other variable tends to decrease at a consistent rate. This relationship can be useful in identifying patterns and making predictions.
However, it is important to recognize that correlation does not necessarily imply causation, and there may be other factors at play that are influencing the relationship between the variables. Additionally, relying solely on correlation without considering other factors such as confounding variables or temporal relationships can lead to erroneous conclusions.
Therefore, it is important to approach any forecasting decisions with caution and carefully consider all available information, including the strength and direction of any correlation present in the data. It is also important to use appropriate statistical methods to ensure that the results are valid and reliable.
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What is typically considered part of SG&A? Select the two correct answers. (1 point)
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Operating charges also known as selling, general and executive charges( SG&A) — are the costs of doing business. They include rent and serviceability, marketing and advertising, deals and account, operation, and executive hires.
What's business? Business is the exertion of making one's living or making plutocrat by producing or buying and dealing products( similar as goods and services).It's also" any exertion or enterprise entered into for profit."Having a business name doesn't separate the business reality from the proprietor, which means that the proprietor of the business is responsible and liable for debts incurred by the business. What's the golden rule in business? The Golden Rule demands that every client and situation be treated with kindness and thoughtlessness. Similar consideration of others can lead to companies performing better than anticipated.Learn more about business here:
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Answer:
1. the Finance Bar
2. because knowing whether you can afford your lifestyle or not is the first goal of financial literacy
3. cryptocurrency
4. your needs
5. your family priorities
6. movie tickets
7. -paying off a credit card
-saving for college
8. a payment to repair a car bumper after a collision
9. 26
10. Borrowing more than you can pay back, or borrowing more than is necessary.
11. A person's FICO score is 800 or more.
12. Increase the APR to 24% or higher and charge a late fee.
13. wire transfer
14. A and C
15. Deposits made after the closing date of the statement should be added to the closing balance of the statement.
16. "profit and loss (P&L) statement"
17. -billing costs
-commissions
18. No, early withdrawal of 401(k) money will incur a penalty.
19. Take-home pay exceeds spending.
Explanation: Took the test
Analyse the importance of price stability in preventing the extreme fluctuations in business cycles
Answers
Price stability plays a crucial role in preventing extreme fluctuations in business cycles and ensuring a stable economic environment. Here are two key reasons why price stability is important in this context:
1. Promoting Economic Confidence: Price stability instills confidence in businesses and consumers, leading to stable expectations and decision-making. When prices remain relatively stable over time, businesses can accurately predict costs and plan investments, fostering long-term economic growth. Likewise, consumers can make informed purchasing decisions without worrying about sudden price increases eroding their purchasing power. This stability in economic conditions encourages business expansion, investment, and consumer spending, all of which contribute to a more balanced and sustainable business cycle.
2. Minimizing Distortions and Inefficiencies: Extreme fluctuations in prices can introduce distortions and inefficiencies into the economy. Rapid price increases, known as inflation, erode the value of money and can lead to hoarding or speculative behavior. On the other hand, rapid price decreases, known as deflation, can discourage spending and investment as individuals and businesses anticipate further price declines. Both scenarios disrupt the normal functioning of markets, making it challenging for businesses to plan, invest, and hire employees. Price stability reduces these distortions, creating a more predictable and efficient economic environment where resources are allocated more effectively.
In summary, price stability is essential for preventing extreme fluctuations in business cycles. It promotes economic confidence, facilitates long-term planning, and minimizes distortions and inefficiencies in the economy. By maintaining price stability, policymakers can support a more balanced and sustainable economic growth trajectory.
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What is the structure of Public corporation
Answers
Public corporate structures are managed by a board of directors. The members of the board are from all walks of industry and commerce. The chairmen of these corporations are appointed by the government. The entire capital is financed by the government.
radar company sells bikes for $530 each. the company currently sells 4,200 bikes per year and could make as many as 4,580 bikes per year. the bikes cost $275 each to make: $175 in variable costs per bike and $100 of fixed costs per bike. radar receives an offer from a potential customer who wants to buy 380 bikes for $510 each. incremental fixed costs to make this order are $70 per bike. no other costs will change if this order is accepted. (a) compute the income for the special offer. (b) should radar accept this offer?
Answers
(A) The income for the special offer $100,700 total revenue of $193,800
(b) Radar should accept this offer.
(a) To compute the income for the special offer, we need to calculate the total revenue and the total cost for the 380 bikes.
Total Revenue: 380 bikes * $510 per bike = $193,800 .Total Variable Costs: 380 bikes * $175 per bike = $66,500 .Incremental Fixed Costs: 380 bikes * $70 per bike = $26,600. Total Cost: $66,500 + $26,600 = $93,100 .Income = Total Revenue - Total Cost = $193,800 - $93,100 = $100,700
(b) Radar should accept this offer because they have the capacity to produce 4,580 bikes per year, and they are currently only producing 4,200 bikes. The additional 380 bikes can be produced without affecting their current production. Additionally, the income generated from the special offer is positive, meaning they will make a profit of $100,700 from this order. This additional income can help the company grow and increase their overall profits.
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cell division in both bacterial and eukaryotic cells produces genetically cells.
Answers
Genetically identical cells are produced during bacterial and eukaryotic cell division. Actions that take place while the bacterial chromosomes segregate during binary division.
What happens during the cycles of eukaryotic and prokaryotic cell division?Almost all cells undergo cell division as part of their life cycle. Cell division is the process through which a single cell splits into two different cells. Binary fission is the method used for most bacterial cell divisions. Mitosis and cytokinesis are the two main stages of cell division in eukaryotes.
How do bacterial and eukaryotic cell divisions differ from one another?Two different types of cell division mechanisms exist in eukaryotes. A vegetative cell division called mitosis and a reproductive cell division called meiosis are both present in eukaryotic cells.
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David has just joined a new company. His employer offers a number of different insurance policies as one of its employee benefits. For example, his employer’s (1) insurance covers prescription drugs and immunizations. David will also be receiving (2) insurance at no cost from his employer.
Options for 1: casualty, health, life
Options for 2: automobile, disability, renters
Answers
Answer:
Health; automobile.
Explanation:
In Insurance, risk tolerance refers to the willingness of an individual or organization to take a risk in business transactions in order to get a potentially positive reward.
Simply stated, risk tolerance in insurance is the willingness of an insured individual to increase his or her Self-Insured Retentions (SIRs) or deductibles by the insurer. For instance, the high risk associated with investments such as stocks, high-yield bonds, is often perceived by investors to be worth the higher reward such investment brings.
Generally, insurance companies across the globe charge millions of their customers (insured) premiums every year. This gives them the privilege of having a pool of cash which can be used to cover the cost of losses and destruction to the asset of a small fraction or percentage of its customers.
This simply means that, since insurance companies collect premium from all of their customers for losses which may or may not occur, so they can easily use this cash to compensate or indemnify for losses incurred by those having high risk.
In this scenario, David has just joined a new company. His employer offers a number of different insurance policies as one of its employee benefits. For example, his employer’s health insurance covers prescription drugs and immunizations. David will also be receiving automobile insurance at no cost from his employer.
Answer:
Health and Disablilty
Explanation:
I just took the test
according to myth analysis, most ads are composed of mini-stories involving conflict between people or values.
Answers
According to myth analysis, it is not accurate to say that "most ads are composed of mini-stories involving conflict between people or values." While storytelling is a common technique used in advertising to engage and connect with audiences, not all ads necessarily involve conflict between people or values.
Ads can take various forms and strategies, and their content and structure depend on the specific goals, target audience, and message the advertiser wants to convey. Some ads may indeed incorporate conflict as a storytelling element to create tension and capture viewers' attention, but many ads focus on other narrative approaches, such as humor, emotion, aspiration, or showcasing product features and benefits.
Myth analysis in advertising refers to the examination of underlying cultural narratives, symbols, and archetypes that resonate with audiences and shape their understanding and interpretation of the brand or product being advertised. It explores the deeper meanings and associations evoked by the ad's content and its relationship to cultural myths and values.
While conflict can be a storytelling tool in advertising, it is not a necessary component for all ads, and the overall approach to advertising varies widely across different campaigns and contexts.
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Chang Industries has 2.400 defective units of product that already cost $22 each to produce. A salvage company will purchase the defective units as is for $9 each. Chang's production manager reports that the defects can be corrected for $14 per unit, enabling them to be sold at their regular market price of $25. The $22 per unit is a: 0 Sunk cost. 0 Opportunity cost. 0 Perlod cost. 0 Out-of-pocket cost. 0 Incremental cost.
Answers
According to Chang's production manager, the flaws could be repaired for $14 per unit, allowing them to be sold at their typical market price of $25. A Sunk Cost of $22 is incurred for each unit.
Sunk costs in company include things like marketing, research, installing new software or equipment, paying for workers and benefits, or paying for facilities. A comparison is made between sunk costs and prospective costs, or future spending that could be avoided if action is done. A sunk cost is, in other words, a sum of money that was invested in the past but is no longer relevant when making judgements for the present. Consumers commonly take into account past costs for situations like mending a car or house while making decisions about those properties in daily life, despite economists' claims to the contrary.
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Assume that widgets, inc. uses a perpetual specific identification inventory system. during the period, it sold 4 units from beginning inventory, 8 units from the jan. 5 purchase, and 2 units from the jan. 29 purchases. calculate the dollar v
Answers
Based on theste inventory system being used and the sales and purchases during the period,the dollar value of the cost of goods sold is $204.
The cost of goods sold is=Beginning inventory+Purchase on Jan.5+ Purchase on Jan 29
Solving =(4 x 12 per unit)+(8 x 15 per unit)+(2 x 18 per unit)
= 48 + 120 + 36
dollar v= $204.
The cost of goods available for sale equals the beginning value of inventory plus the cost of goods purchased.AI Recommended Answer: In a perpetual inventory system,LIFO cost of goods sold will be the same as in a periodic inventory system.
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Who has the responsibility for preparing financial statements in accordance with generally accepted accounting principles?.
Answers
They are primarily responsible for preparing the financial statements and expressing an opinion on whether they follow generally accepted auditing standards
The owner of a bike shop would like to analyze the sales data to determine if the business is growing, declining, or remaining flat. The owner has the following data:
Sales Revenue Last Year =$125,000
Sales Revenue Current Year = $150, 000
What is the Sales Growth?
Do not forget to type the % symbol after multiplying your result by 100 to convert to percentage!
Hint: Your answer will NOT have decimal point.
Example: 75%
Answers
To calculate the sales growth, you can use the following formula:
(Sales Revenue Current Year - Sales Revenue Last Year) / Sales Revenue Last Year x 100%
Plugging in the numbers, we get:
($150,000 - $125,000) / $125,000 x 100% = 20%
Therefore, the sales growth is 20%.
Sales Growth = (Sales Revenue Current Year - Sales Revenue Last Year) / Sales Revenue Last Year × 100%
Sales Growth = ($150,000 - $125,000) / $125,000 × 100%
Sales Growth = $25,000 / $125,000 × 100%
Sales Growth = 0.2 × 100%
Sales Growth = 20%
Therefore, the Sales Growth is 20%.
What do Frances Willard, Thomas Campbell, and Minnie Cunningham have in common? a. They are all former governors of Texas. B. They all worked for progressive reforms in Texas. C. They are all U. S. Senators from Texas. D. They all opposed progressive reforms in Texas. Please select the best answer from the choices provided A B C D.
Answers
B. They all worked for progressive reforms in Texas.
Frances Willard, Thomas Campbell, and Minnie Cunningham were all key figures in the progressive reform movement in Texas during the late 19th and early 20th centuries. These individuals sought to improve society through various initiatives and policies.
Frances Willard was an influential suffragist, educator, and temperance advocate who worked tirelessly to improve women's rights and end alcohol abuse. Thomas Campbell was a governor of Texas who focused on reforming labor laws, improving education, and regulating corporations to ensure fair business practices. Minnie Cunningham was a prominent labor activist and suffragist who campaigned for better working conditions and equal rights for women.
Together, these three individuals were instrumental in shaping the progressive reform movement in Texas, advocating for policies that would positively impact the lives of countless Texans and contribute to a more just society. Their shared commitment to social and political change unites them as champions of progressivism in Texas history.
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Which of the following is not a component of good customer service?
Attendance at store trainings
A positive attitude
Asking closed-ended questions to get a definitive yes or no answer
Acknowledge the customer quickly
Answers
Answer:
Attendance at store trainings
Explanation:
Customer service is providing prompt, useful, and professional support to existing and potential customers. Good customer service results in happy, satisfied, and loyal customers. Customer service is done through face to face interactions, telephone calls, and through online channels.
Employees or anyone interacting with customers must display a positive attitude, ask closed-ended questions, and acknowledge the customers quickly. These traits will make the customer feel welcomed and appreciated. Attendance at stores trainings is good for sales but does not add much value to the quality of customer service.
Please help. Calculate weekly labour cost!. Easy
Answers
Weekly labor cost per unit = total weekly labor cost/ total units
60,000. / 2000 = 30
Answer: £ 30 per unit
Liz just completed a Client Needs Assessment and her client
confirmed that he will require profitability tracking, and need to
create budgets and purchase orders in his accounting solution.
Answers
Answer:
QuickBooks Online Plus
The question and multiple-choices
What is the minimum QuickBooks Online version suitable for Liz's client?
QuickBooks Self-Employed QuickBooks Online Simple Start QuickBooks Online Essentials QuickBooks Online Plus QuickBooks Online Advanced PreviousExplanation:
QuickBooks Online Plus is an advanced feature that small business requires to make better management decisions pertaining to their business. The needs of Liz's client of tracking profitability and the need to create budgets can be meet by installing QuickBooks Online Plus.
Other features of QuickBooks Online Plus include
Keep track of financial records, such as invoices and statements.Update and reconcile payments automatically.Generate accurate estimates and convert them into invoices.Estimate project profitability by taking into account cost factors such as labor and job cost expenses. Automate workflows with rule-based remindersan employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Answers
If you are applying for two different jobs, which of the these is true about the resumes you will turn
in to them?
you would turn in different resumes with different objective statements that match the different jobs you are
applying for
turn in identical resumes to both jobs
print them with different colored ink to keep from confusing them
Answers
Answer:
the first one ,you would turn in different resumes with different objective statements that match the different jobs you are
applying for
Explain the limitations of statistics
Answers
In a pull system, the accumulation of excessive inventory in front of a workstation is avoided even if there are problems such as equipment failure at that workstation which prevent it from completing its work. true false
Answers
The given statement "In a pull system, the accumulation of excessive inventory in front of a workstation is avoided even if there are problems such as equipment failure at that workstation which prevent it from completing its work" is true.
A pull system is a manufacturing strategy that regulates the manufacturing of items on the basis of customer demand. It is a type of lean production that refers to a system in which production is determined by the demand of the consumer.The manufacturing process begins when a customer places an order, and the item is only produced as a result of that order.
This leads to a decrease in wastage and excess inventory.The primary aim of the pull system is to prevent overproduction. A pull system ensures that a workstation only produces the products that the next workstation requires. It functions in a way that the work is pulled from the preceding workstation rather than being pushed from the succeeding workstation.
In this way, the inventory accumulation is prevented in front of a workstation even if there are problems such as equipment failure at that workstation which prevent it from completing its work.
Thus, the statement is true.
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kimmy is the assistant manager in the marketing communications area. last week, she was given the additional responsibility of overseeing the work of the public relations department. this is an example of .
Answers
Kimmy is the assistant manager in the marketing communications area. Last week, she was given the additional responsibility of overseeing the work of the public relations department. This is an example of job enlargement.
Job enlargement approach growing the scope of a job via extending the range of its activity duties and duties normally within the identical stage and periphery.
Task expansion includes combining diverse sports to the same degree inside the corporation and including them in the prevailing process.
The definition of job enlargement is including extra sports within the same stage to a present position.
This means that a person will do greater, distinct sports of their current process.
As an example, an employee who will now additionally control her very own making plans wherein this became previously finished by using her manager.
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A 2-column table with 6 rows titled Your Monthly Net Pay. Column 1 has entries Monthly gross pay, federal withholding, social security, Medicare, state tax, net pay. Column 2 has entries question mark, 238 dollars, 232 dollars and 50 cents, 54 dollars and 38 cents, 236 dollars, question mark.
You have just graduated from college and accepted a position. The salary is $45,000 annually. You have decided to plan your future and see if you can afford a house and a family of three on this salary, or if it is best to wait a couple of years to get more experience and advance in your career. Your first step is to figure out your monthly take-home pay.
Your monthly gross pay is
Answers
So, for a salary of $45,000 per year, your monthly gross pay would be $3,750.
To calculate your monthly gross pay, you need to divide your annual salary by 12.This is the amount of money you earn before any taxes or other deductions are taken out.It's important to understand your monthly gross pay as it forms the basis for calculating your net pay, which is the amount of money you take home after taxes and other deductions are taken out. By looking at the table provided, you can see that federal withholding, social security, Medicare, and state tax will all be deducted from your gross pay, which will leave you with your net pay.Knowing your net pay is crucial for budgeting and planning your financial future, especially if you are considering buying a house or starting a family.
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Answer:
$3,750,
Explanation:
edge 2023
What are the recommended steps to blow the whistle?
Please sir, I want a complete and excellent answer, I do not want the answer in handwriting and I do not want it illustrated, I want it in the form of a word file, please, sir.
Answers
Blowing the whistle on unethical or illegal activities requires careful consideration and a structured approach.
When blowing the whistle, it is important to gather evidence to support the allegations of wrongdoing. This can include documents, emails, or any other relevant information that substantiates the claims. Understanding the laws and regulations related to whistleblowing is crucial to ensure protection and legal rights.
Identifying appropriate channels for disclosure is another important step. This can include internal reporting mechanisms within the organization, regulatory bodies, or external organizations dedicated to handling whistleblowing cases.
Maintaining confidentiality is essential to protect the whistleblower's identity and prevent retaliation. It is advisable to disclose information only to trusted individuals or organizations that have the authority to investigate and take appropriate action.
Seeking legal advice and protection is also recommended. Whistleblowers should consult with an attorney who specializes in whistleblower protection to understand their rights, legal options, and potential risks involved.
Overall, blowing the whistle should be done with caution and adherence to proper procedures to maximize the chances of exposing wrongdoing while safeguarding the whistleblower's interests and maintaining ethical standards.
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