Answer:
Fixed Time Period Model
Explanation:
a fixed time period model ensures that level of inventory is checked regularly for all items. therefore from the question, if the vending company checks each machine and fills it with various product the inventory method is <u>Fixed Time Period Model</u><u>.</u>
Answer:
$224,000
Explanation:
The computation of the borrowed cash amount is shown below:
= Cash balance + expected cash receipts - expected cash disbursements - minimum monthly balance
= $3,461,000 + $712,000 - $1,397,000 - $3,000,000
= $224,000
Simply we add the expected cash receipts and less the expected cash disbursements and minimum monthly balance to the cash balance so that accurate value can come.
Answer: c) Both economies grew at the same rate
Explanation:
The faster growing economy would be the one that saw a greater increase in Real GDP than the other.
Real GDP growth = Nominal GDP growth - Inflation growth.
Hyperpolis Real GDP growth = 15% - 12%
Hyperpolis Real GDP growth = 3%
Superpolis Real GDP growth = 6% - 3%
Superpolis Real GDP growth = 3%
<em>Both countries grew at the same rate of 3%. </em>
Answer:
B) $77,350
Explanation:
Gross payroll=$100,000
Social Security taxes =6.20%
6.20/100×$100,000
=0.062×$100,000
=$6,200
Medicare taxes = 1.45%.
1.45/100×$100,000
=0.145×$100,000
=$1,450
federal and state income tax =15%
15/100×$100,000
=0.15×$100,000
=$15,000
Total Withholdings=
$6,200+$1,450+$15,000
=$22,650
Total employee compensation= Gross earnings-total withhold
=$100,000-$22,650
=$77,350
Answer:
b) $1,950,000
Explanation:
Value of gift cards redeemed with those whose date of redemption has passed, will both have the amount to revenue out of $2,000,000 of the gift cards sold.
Total gift card revenue to be recognized in 2016 = $1,800,000 + $150,000
Total gift card revenue to be recognized in 2016 = $1,950,000