Enrollment data shows 38.4% of students enrolled at ACC in Fall 2020 self-identified as Hispanic. If 15,318 students self-identified as Hispanic, how many students were enrolled at ACC in Fall 2020?
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- Enrollment data shows 38.4% of students enrolled at ACC in Fall 2020 self-identified as Hispanic. If 15,318 students self-identified as Hispanic, how many students were enrolled at ACC in Fall 2020?
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- Big Blue University has a fiscal year that ends on June 30. The 2019 summer session of the university runs from June 10 through July 29. Total tuition paid by students for the summer session amounted to $123,000. Required: a. How much revenue should be reflected in the fiscal year ended June 30, 2019? Amount of revenue b. Would your answer to part a be any different if the university had a tuition refund policy that no tuition would be refunded after the end of the third week of summer session classes? O Yes O NoHow many years of vesting service would an employee need in order to be considered 60% vested under a six-year graduated vesting schedule? Select one: a. 2 b. 4 c. 5 d. 6 e. 3Mt. Horeb Alpaca Co. has a herd of 150 alpaca. The alpaca are sheared once a quarter to harvest very valuable alpaca wool that is used in designer sweaters. Mt. Horeb has the following information related to the alpaca herd at July 1, 2019, and during the first quarter of the fiscal year.AlpacaCarrying value (equal to net realizable value), July 1, 2019.....................$120,000Change in fair value due to growth and price changes................................7,700Decrease in fair value due to harvest.....................................................(975)Alpaca wool harvested during the first quarter (at net realizable value)...........13,000Instructionsa. Prepare the journal entries for Mt. Horeb's biological asset (Alpaca herd) for the first quarter.b. Prepare the journal entries for the Alpaca wool harvested in the first quarter.c. Prepare the journal entry when the Alpaca wool is sold for $14,500.d. Briefly discuss the impact on income of the following events related to the…
- Calculate Gross income for Summer Smith for 2021, based on the following information. Label each item as not included or gross income. State the reason why items are not included. Salary $100,000 Bonus $50,000 Interest from New York City bond, $40,000 Capital loss $70,000 Alimony received $20,000 was signed in 2019 Child support $20,000 Workman's compensation $30,000 Unemployment compensation $20,000 S Corporation income $40,000 Loss from sole proprietorship $60,000 Sister Wynter repaid a $50,000 loan from 2010 Summer won $10,000 in a bake off Summer was the beneficiary of her great aunt Autumn's life insurance policy and received $100,000 Summer received $30,000 from a lawsuit settlement for a business issue. Summer received a gift from her mother, Spring, $70,000 Summer found $5,000, on the bus. Partnership income $40,000 Summer won $10,000 at BINGO Summer inherited $200,000 from her grandfather, Storm Rental income $10,000 Treasury bill interest $20,000 Interest from…Upon inception in 2019, AVX Corp. (AVX) set up its business in a small office building in Toronto and entered into an agreement with Executive Furniture Inc. to purchase office furniture for the building on a month-by-month basis (two sets of furniture per month), with the expectation that AVX would be hiring two new employees each month on average. As AVX experienced considerable growth throughout 2020, it hired 25 additional employees at the same time, and its office building was NO longer sufficient to meet its needs. On December 15, 2020, AVX moved out of its original office building and into a new, larger office. Due to configurations in the new office, AVX had to purchase a different type of office furniture (including stand-up desks) for all of its employees. AVX has been trying to negotiate with Executive Furniture Inc. to get out of the original purchase agreement, which requires AVX to pay $4,000 per month at the beginning of each month until December 2022, since AVX has…University at student supplies needs funds to obtain books before the start of the semester. The store manager signed a promissory note with a face value of 28,080. Find the ordinary interest rate if the interest charges over 180 days are 780.
- You are a newly employed finance manager for Finance Adventure Ltd. The following data is available for the company as of 31 June 2020: Current assets of $293,950 Current liabilities $68,700 Total assets $765,600 Equity $305,890 Required: The company’s Management Board required you to evaluate two alternative options of debt funding and equity funding for a new project. What is the job are you doing to complete the task? (referring to one out of 3 important questions of corporate finance for your answer) Calculate non-current assets, non-current liabilities and build a balance sheet for the company? Calculate the return on assets (ROA) of the company given that return on equity (ROE) is 35%? What is the price earnings ratio (PE) of the company, given total number of outstanding ordinary shares is 57,000 and market price of each share is $22? PLEASE ANSWER QUESTION 2,3,4Click here to view factor tables https://education.wiley.com/content/Kieso_Intermediate_Accounting_17e/media/simulations/interest_rate_tables.pdfIn 2020, the amount of FICA (Social Security) amount due is_6.2_% on the first $137,700 earned for the calendar year. In2020, the amount of Medicare due is_0.9%_on all wages earned for the calendar year. Use the Worksheet Below to Calculate the Social Security and Medicare expenses due for each Self Employed Business Owner. Annual Wages Earned Annual Social Security Due Annual Medicare Contribution Due 1 $ 10,650 $25,500 $5,500 $18,300 $20,300 $120,000 $140,000 $225,000 $8,500 $257,000 2 3 4 5 7 8 10 Calculate: Self-Employed Taxes Owe for Business Owners. Use the Tax Table (brackets) to calculate the amount of Taxes each Business Owner will have to pay. MARRIED FILING so - $19,400 HEAD OF RATE SINGLE HOUSEHOL So - $13,850 10% SO - $9,700 12% $9,700 s39,475 $19,400 $78,950 $13,850 $52,850 22% S39,475 - S84,200 S78,950 - $168,400 $52,850 - S84,200 24% S84,200 - $160,725 S160,400 - $321,450 s84,200 - $160,700 S160,725 - $204,100 S321,450 - $408,200 S160,700 - $204,100 32% 35% $204,100 -…
- The payroll of Ivanhoe Company for September 2019 is as follows. Total payroll was $468,000, of which $104,000 is exempt from Social Security tax because it represented amounts paid in excess of $128,400 to certain employees. The amount paid to employees in excess of $7,000 (the maximum for both federal and state unemployment tax) was $406,000. Income taxes in the amount of $76,500 were withheld, as was $9,800 in union dues. The state unemployment tax is 3.5%, but Ivanhoe Company is allowed a credit of 2.3% by the state for its unemployment experience. Also, assume that the current FICA tax is 7.65% on an employee's wages to $128,400 and 1.45% in excess of $128,400. No employee for Ivanhoe makes more than $135,000. The federal unemployment tax rate is 0.8% after state credit. Prepare the necessary journal entries if the wages and salaries paid and the employer payroll taxes are recorded separately. (Round answers to 0 decimal places, e.g. 5,275. If no entry is required, select "No…Would the exclusion be 11,700,000 assuming Rolands death was in 2021 according to the chart?Wiam water supply services orders a water pump and expects the delivery in 30 days. The order was placed in 1st January, 2019 with an estimated cost of RO 8000. The water pump was delivered on time by the supplier on 30th January, 2019 with a voucher of RO 8,100. The voucher was approved on 6th February 2019 and the payment was settled on 7th February, 2019. Based on the above case, answer the following six questions (Questions 45-50) Question 45 Question text In the above case the disbursement is recorded on: a. 1st July, 2019 b. 30th January, 2019 c. 7th February, 2019 d. 6th February, 2019 Question 46 Question text Suppose the order made on 1st January is cancelled later on 10th January, which among the following will be the correct accounting treatment? a. A fresh encumbrance is made again on 10th January b. There will be no effect on the encumbrance control account c. The encumbrance made earlier is reversed. d. The available fund balance…
