10 Price information for selected foods for 2010 and 2018 is given in the table.PriceQuantity2018Item201020182010Cabbage (pound)Carrots (bunch)Peas (quart)Endive (bunch)$0.06$0.052,0002001, 5000.100.122000.200.184005000.150.15100200Click here for the Excel Data FileCompute a simple aggregate price index. Use 2010 as the base period. (Round your answer to 2 decimal places.)Simple aggregate price index

The price index number, which was determined using a simple aggregative method, is only of limited…

Price information for selected foods for 2010 and 2018 is given in the table. Price Quantity 2010 2,000 200 Item 2010 2018 2018 Cabbage (pound) Carrots (bunch) Peas (quart) Endive (bunch) $0.06 $0.05 1,500 200 0.10 0.12 0.20 0.18 400 500 0.15 0.15 100 200 Click here for the Excel Data File Compute a simple aggregate price index. Use 2010 as the base period. (Round your answer to 2 decimal places.)

Price information for selected foods for 2010 and 2018 is given in the table. Price Quantity 2010 2,000 200 Item 2010 2018 2018 Cabbage (pound) Carrots (bunch) Peas (quart) Endive (bunch) $0.06 $0.05 1,500 200 0.10 0.12 0.20 0.18 400 500 0.15 0.15 100 200 Click here for the Excel Data File Compute a simple aggregate price index. Use 2010 as the base period. (Round your answer to 2 decimal places.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Section 1250 summary
The payroll of Sheridan Company for September 2019 is as follows.Total payroll was $492,000, of which $118,000 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 was $402,000. Income taxes in the amount of $78,800 were withheld, as was $9,400 in union dues. The state unemployment tax is 3.5%, but Sheridan 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 Sheridan makes more than $125,000. 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.
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