A company has 2 employees. The company's total salaries for the month of January were $8,000. The federal income tax rate for both employees is 15%. The FICA–social security tax is 6.2% and the FICA–Medicare tax is 1.45%. Calculate the amount of employee taxes withheld and prepare the company's journal entry to accrue the January salaries expense and withholding of January taxes.
Looking at the data net sales increased over the five period from $2,097,000.00 to $5,218,007.04 increase $3,121.007. Totaling gross profit went from 816,000.00 to $2,030,469.12 increase of $1,214,469.10. In the above pro forma balance sheet, it has been established that one has assumed that current gross profit has increased in the ratio of gross profits. A reduction in any of the following selling expenses or administration expense will allow the company to retain more of its earnings and profit margin, and therefore will increase its need for external funding. The dividend disbursement rate is 25 percent of earnings, and the balance in retained earnings at the end of 2012 was $1,436,833.09.
= $62,200 C. What is Anderson Company’s total owners equity? = $88,200 D. What is Anderson Company’s debt to equity ratio? = 0.70 to $1 Question 5: Farwell Company has the following information from its most fiscal year. Use the relevant information to determine the net income (loss) for the period. A.
The Second Strength: The current year 2014 gross profit is $27,390 which constitutes 34.75% of sales. The steady gross profit percentage is also a strength and further supports the net sales growth. The gross profit itself increased from $25,842 to $27,390 for an increase of 6% over the two periods. This is consistent with the 5.4% net sales growth. Operating expenses further support the strength with a 1.87% decrease from fiscal 2013 to fiscal
Describe the important events that took place at Bunker Hill (Breed’s Hill) in Boston. 3. Identify Olive Branch Petition. 4. How did King George III respond to this action?
Create a Research Plan Part 1: 1. Provide 3 secondary sources that you would consult regarding this legal issue. Include a 2-3 sentence summary of each source and also the proper bluebook citation. Susan Adcox, Grandparent Visitation Rights State by State Summaries and Links to State Statutes (2012). Retrieved from http://grandparents.about.com/od/grandparentsrights/a/VisitationRightsByState.htm , provides information about grandparents, grandparents rights and state specific information regarding grandparents rights.
The author shows us how somebody’s living place is a reflection of the owner. In F. Scott Fitzgerald’s novel homes of three important personas are displayed with quite some detail. The homes of Daisy’s and Tom’s Buchanan’s, Nick Carraways and main character Jay Gatsby’s.
George Washington and the American Revolution. (New York: The Rosen Publishing Group, 2007), p. 45. [2] Carolyn, Gard. The French and Indian War: A Primary Source History of the Fight for territory in North America. (London: The Rosen Publishing Group, 2004).
The net sales also increased from year 14 to year 17 ending at $7,115,112. This showed to be very profitable with trend percentages at 103.7%. A2) There are certain risks a banker might be concerned with. Over the years the advertising expenses have increased from $243,000 to $255,600. The increase in advertising can be helping with increase in net sales which has also increased from 46,520,500 in year 12 to $6,858,600 in year 14.
The revenue generated from sales was $225.40, while the expenses for equipment and supplies were $52.85. The owners of the business can see rather quickly that sales and profits in terms of dollars were up for season three. They can attribute at least a portion of the increase to the weather, since they experienced more sunny days than in the previous two seasons combined. They can also see the actual profit margin compared to the previous seasons from the ratio numbers increased. The profit margin percentage increased from 75.39 % to 76.55 % in season three.