3. RETURN ON CAPITAL EMPLOYED (ROCE) NET PROFIT/CAPITAL EMPLOYED X 100 = % (NB use net profit figure before tax has been taken out) (For capital employed see Financed By total on Balance Sheet) Leave the formula in. Now add in the figures from the Income Statement or Balance sheet and calculate the ratio. Then describe what this ratio shows and explain what it means. LIQUIDITY 4.
Consult the IRS Circular E for federal payroll tax regulations and your state taxation agency (see Resources) for state payroll tax regulations. Withhold federal income tax based on the Circular E’s withholding tax tables and the employee’s W-4 form. Withhold Social Security tax at 6.2 percent of gross income, up to $106,800 for the year. Withhold Medicare tax at 1.45 percent. Consult your state withholding tax tables (see Resources) and the employee’s state income tax form to determine state income tax withholding.
Lindsey Mathis Business Economics Business Economics GM545 March/April 2013 lmariemathis@gmail.com Chapter 15 Question 6 National Income Accounting refers to the bookkeeping system that a national government uses to measure the level of the country’s economic activity in a given country’s economic activity in a given time period. It provides economies with detailed information that can be used to track the health of an economy and to forecast the future growth and development. It also provides insight into how well an economy is functioning, and when the money being generated and spent. There are various forms of national income such as Gross Domestic Product, Gross National
Consequently, mail should be opened by which of the following four company employees? (4) Receptionist b. A key internal control in the sales and collection cycle is the separation of duties between cash handling and record keeping. The objective most directly associated with this control is to verify that (4) existing cash receipts are recorded. c. Company personnel account for the sequence of shipping documents and verify that an entry for each shipment is included in the sales journal.
Measuring Economic Health Memo * In this writing, I will describe the use of gross domestic product to measure the business cycle, describe the roles of government bodies that determine national fiscal policies, explain the effects of fiscal policies on the economy’s production and employment. Finally I will talk about how do changes in government spending and taxes positively or negatively affect the economy’s production and employment. Gross domestic product, the official measure of total output of goods and services in the U.S. economy, represents the capstone and grand summary of the world's best system of economic statistics. The federal government organizes millions of pieces of monthly, quarterly, and annual data from government agencies, companies, and private individuals into hundreds of statistics, such as the consumer price index (CPI), the employment report, and summaries of corporate and individual tax returns. The U.S. Department of Commerce then marshals the source data into a complete set of statistics known as the National Income and Product Accounts.
These four basic financial statements are interrelated and consist of: income statement, retained earnings statement, balance sheet, and statement of cash flows. Accounting is an information system using three basics activities which are identify, record, and communicate economic events to interested users. Companies identify economic events relevant to its business. Financial activities are recorded systematically in a chronological order of events to provide history. Recording also will classify and summarize economic events.
For this assignment, use the CAFR your team selected in Week Two. Discussion Questions DQ 1 What is a performance audit? In what significant ways do performance audits differ from financial audits? DQ 2 How do audits of governmental agencies differ from those of not-for-profit entities? How are these audits different from those of organizations that operate for profit?
Retrieved August 30, 2008, from http://countrystudies.us/united-statres/economy.htm Website provided by the government of the United States it discusses the past economy and the recent economy with discussion by professionals on the matter. Using this website will make me understand how this country runs the economy. Whalen, E. (2002). A Guided Tour of the United States Economy. Published by Greenwood Publishing Group.
Definitions (pg. 4, 14): Qualitative- A variable having values that indicate into which of several categories a population element belongs Quantitative- A variable having values that are numbers representing quantities. a) The dollar amount on an accounts receivable invoice Answer- quantitative as the value is a number b) The net profit for a company in 2009 Answer- quantitative as the value is a number c) The stock exchange on which a company’s stock is traded Answer- qualitative as it is descriptive or categorical
Your hypotheses (tell me what you expected to change over the generations) 3. Your findings from your interviews (list exact dates, specifics, comparisons between generations). It may be easiest if you explain your findings by listing one generation at a time and then comparing both at the end. Use sociological terms when appropriate. 4.