Betsy strand’s regular hourly wage rate is $14, and she receives an hourly rate of $21 for work in excess of 40 hours. during a january pay period, betsy works 48 hours. betsy’s federal income tax withholding is $89, and she has no voluntary deductions.

compute betsy strand’s gross earnings and net pay for the pay period. assume that the fica tax rate is 7.65%. (round answers to 2 decimal places, e. g. 15.25.)
and prepare the employer’s journal entries to record (a) betsy’s pay for the period and (b) the payment of betsy’s wages. use january 15 for the end of the pay period and the payment date. (round answers to 2 decimal places, e. g. 15.25. credit account titles are automatically indented when amount is entered. do not indent manually.)

Why are the four primary service outputs of spatial convenience, lot size, waiting time, and product variety important to logistics management? provide examples of competing firms that differ in the level of each service output provided to customers?

For the year ended december 31, a company has revenues of $323,000 and expenses of $199,000. the company paid $52,400 in dividends during the year. the balance in the retained earnings account before closing is $87,000. which of the following entries would be used to close the dividends account?

University hero is considering expanding operations beyond its healthy sandwiches. jim axelrod, vice president of marketing, would like to add a line of smoothies with a similar health emphasis. each smoothie would include two free health supplements such as vitamins, antioxidants, and protein. jim believes smoothie sales should fill the slow mid-afternoon period. adding the line of smoothies would require purchasing additional freezer space, machinery, and equipment. jim provides the following projections of net sales, net income, and average total assets in support of his proposal. sandwichesonly sandwiches and smoothies net sales $ 750,000 $ 1,350,000 net income 120,000 210,000 average total assets 350,000 750,000 return on assetschoose numerator ÷ choose denominator = return on assets÷ = return on assets÷ = profit margin÷ = profit margin÷ = asset turnover÷ = asset turnover÷ = times