The statements of financial position of Naledi Ltd for the past two years and the most recent statement of profit or loss are set out as follows:
Further information
1. The total depreciation charge for the year was P3,545,000.
2. Property, plant and equipment costing P976,000 with accumulated depreciation of P355,000 was sold in the year at a profit of P224,000.
3. All sales and purchases were on credit. Other expenses were paid for in cash.
Required
Prepare the statement of cash flows for Naledi Limited for the year ended 31 October 2018
Answers
Statement of Cash Flows for Naledi Limited
For the year ended 31 October 2018
Cash flows from operating activities
Net income
P360,000
Adjustments to reconcile net income to net cash from operating activities
Depreciation
P3,545,000
Gain on sale of property, plant and equipment
(P224,000)
Increase in trade receivables
(P1,200,000)
Increase in inventory
(P600,000)
Increase in trade payables
P1,000,000
Net cash from operating activities
P1,411,000
Cash flows from investing activities
Sale of property, plant and equipment
P751,000
Net cash from investing activities
P751,000
Cash flows from financing activities
Payment of dividends
(P150,000)
Net cash from financing activities
(P150,000)
Net increase in cash and cash equivalents
P1,510,000
Cash and cash equivalents at beginning of year
P700,000
Cash and cash equivalents at end of year
P2,210,000
Explanation:
In the operating activities section, the net profit for the year is adjusted by adding the depreciation expense and deducting the profit on the sale of assets. Additionally, changes in working capital are considered, such as an increase in accounts receivable, inventory, and accounts payable. The resulting net cash provided by operating activities is calculated.
In the investing activities section, the proceeds from the sale of property, plant, and equipment are recorded, while the purchase of new property, plant, and equipment is subtracted. The net cash provided by or used in investing activities is determined.
No financing activities are mentioned in the given information, so there are no entries for this section.
Finally, the net increase in cash and cash equivalents is computed by adding the net cash from operating and investing activities. The cash and cash equivalents at the beginning and end of the year are also provided.
Please note that this is a simplified example based on the information provided. Additional details or specific line items may be required in a comprehensive statement of cash flows.
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Related Questions
Which of the following is an example of cross-training?
A. A graphic designer is taking classes in project management and
finance to improve her skills in those areas.
B. An experienced pilot mentors newer pilots on their flying skills.
C. A business produces more goods than their competitors because
they can do it at a lower cost.
D. A contractor focuses solely on heating and air conditioning
repairs.
Answers
Answer: A. A graphic designer is taking classes in project management and finance to improve her skills in those areas.
Explanation: just took the quiz :)
A graphic designer is taking classes in project management and finance to improve her skills in those areas is an example of cross-training. Thus, option A is correct.
What is cross-training?Cross-training is the technique of preparing an individual for labor that isn't directly related to his core specific position, but is instead performed by some other individual.
This means that there will be some people who will be trying to achieve expertise in different areas.
The example where the main job of the graphic designer is to visualize some art and represent it, but the person is taking management classes as well as finance classes that mean that he is in a position of cross-training where is learning about management and to develop a base in the finance. Therefore, option A is the correct option.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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Stork Associates paid $60,000 for a 20-seat skybox at Veterans Stadium for eight professional football games. Regular seats to these games range from $80 to $250 each. At one game, an employee of Stork entertained 18 clients. Stork furnished food and beverages for the event at a cost of $1,300. The game was preceded by a bona fide business discussion, and all expenses are adequately substantiated.a. Stork can deduct $ for this event.b. If there was no bona fide business discussion either preceding or after the event, there is and the deduction would be $.
Answers
a. Based on the information given Stork can deduct $3,150 for this event.
b. There is no entertainment option and the deduction would be cost of ticket.
a. Stock deduction
Costs of seats $5,000
($250x20)
Food and beverage $1,300
Total Entertainment expense $6,300
($5,000+$1,300)
Less 50% Limitation
Deduction $3,150
($6,300×.50)
b. If there was no bona fide business discussion either preceding or after the event, there is no entertainment option and the deduction would be cost of ticket.
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Answer: $1300.00
Explanation: If this is for 2021 & 2022 then the employer can deduct all of the food and beverage -
However, taxpayers still may deduct some or all of the food and beverage expenses associated with operating their trade or business (e.g., a business meal with a current or potential client, or meals consumed by employees on work travel). In general, only 50 percent of food and beverage expenses can be deducted.
However, given the impact of the COVID-19 pandemic on restaurants, Congress provided a temporary 100 percent deduction for meals and beverages provided by a restaurant in 2021 and 2022.
2.which of the following statements best describes a keynesian approach to economics? a)aggregate demand is the most important driving force in the economy, but free-markets have no self-balancing mechanisms that lead to full-employment; therefore, government intervention is often necessary to stabilize an economy. b)politics determines economics, the nature of economics is conflictual, and the main actors are nation-states; therefore, the main goal of economic activity is the maximization of national interest. c)individual freedom to pursue interests/wealth in an open market free of government interference with the role of government to primarily protect property rights. d)resources flow from a periphery of poor and underdeveloped countries (global south) to a core of wealthy states (global north) enriching the latter at the expense of the former. poor countries are systemically locked into this unfavorable situation.
Answers
Option a is correct. The main economic driver is aggregate demand, but since free markets lack self-balancing mechanisms that lead to full employment, stabilising an economy frequently requires government intervention.
A macroeconomic theory known as Keynesian economics examines the total amount of spending in the economy and how it affects production, employment, and inflation. In an effort to comprehend the Great Depression, British economist John Maynard Keynes created it in the 1930s.
The fundamental tenet of Keynesian economics is that economic stabilisation may be achieved by government intervention. Keynes' theory was the first to clearly distinguish between the study of individual motivations and economic behaviour from those of broad aggregate variables and conceptions.
Keynes' theory led him to propose higher government spending and lower taxes as a way to boost demand and rescue the world economy from the Great Depression. Later, the term "Keynesian economics" was used to describe the idea that economic performance could be optimised and economic downturns might be avoided.
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vatiman which provides immunity
Answers
Answer:
huh don't really understand this buddy
Answer:
\(vitamin \: c\)
hope that will help you
A fast food restaurant chain has identified day commuters as its market segment. If the chain wants to persuade this segment to buy its fast food products, what would be the most likely place for it to advertise
Answers
What would be the most likely place for it to advertise is: on buses and with signs on parking lots.
What is Advertisement?Advertisement can be defined as the process of creating product awareness to attract customer so as make profit or to generate revenue.
Based on the given scenario the best place to advertise the food is on buses and with sign on parking lots since the restaurant chain has identified day commuters as it target customers doing this will help to persuade this commuter to buy the fast food product.
Inconclusion what would be the most likely place for it to advertise is: on buses and with signs on parking lots.
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11. Vicki believes that community service is a valuable way to spend her time and energy. What is this an example of?
O A. Liability
O B. Net worth
O c. Priority
O D. Value
Answers
variable universal life policy gives policyholders the right to select their an ability that whole life policyholders do not have?
Answers
Variable universal life policies give policyholders the ability to choose where their premiums are invested, whereas whole life policies do not offer this feature.
This means that policyholders can select from a range of investment options such as stocks, bonds, and mutual funds to potentially earn higher returns on their premiums. The policy's cash value may fluctuate based on the performance of the investments chosen, but policyholders also have the flexibility to change their investment strategy as needed.
In contrast, whole life policies typically offer a fixed rate of return on the cash value portion of the policy, which is usually lower than the potential returns of investments available through variable universal life policies. Ultimately, the choice between a variable universal life policy and a whole life policy depends on the policyholder's individual financial goals and risk tolerance.
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Make a Claim
Dana needs to use the information from her 1098-T form to determine if
she qualifies for a tax credit. If information is missing on her 1098-T form,
leave the matching input field blank.
Input amounts from the 1098-T form into matching tax preparation software fields.
Answers
Answer:
1545-1574 for the empty boxes
Explanation:
Answer: Leave box number 4 blank
Explanation: The directions say to leave certain boxes blank if the answer isnt in the form
Small businesses are required by the Small Business Administration to market hand goods only.
True
False
Answers
False. Every small business must register with the secretary.
if a loan isn‘t repaid, the__ of the borrower—used as security for the debt—could be sold by the lender.
Answers
If the loan is not repaid, the collateral of the borrower - used as security for the debt - could be sold by the lender.
What is collateral?Collateral is the asset that a lender accepts as security for extending a loan. If the borrower doesn't make payments, the lender may take the security. Simply put, collateral is something of value that a lender may take from a borrower if the latter fails to repay a loan in accordance with the terms set forth.
It is an asset or other type of tangible property that the borrower possesses, such as a home, animals, a car, etc. The borrower receives loans from the banks based on these assets. The lender has security provided by the collateral. Therefore, collateral serves as a guarantee to the bank so that, in the event that the borrower defaults on the loan, the bank may sell the collateral and recover the loan balance.
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Bjorn purchased a small duplex for use as a rental property. After the property was placed in service, he made some improvements, and later in the year, he made some repairs to the property. Which of the following statements regarding the treatment of the expenditures is CORRECT?
A)The improvements and repairs must be capitalized.
B)The improvements and repairs are currently deductible.
C)The improvements are currently deductible; the repairs must be capitalized.
D)The improvements must be capitalized; the repairs are currently deductible.
Answers
When these costs either extend the useful life of an existing asset or increase its productive capacity.
Are repairs and maintenance capitalized?When to Capitalize Maintenance and Repair Costs These expenses are instead regarded as capital expenditures when they either expand the productive capacity or lengthen the usable life of an existing asset.
To restore an asset's condition, repair and maintenance expenses are incurred. When utilising the accrual method of accounting, the correct way to account for these expenditures is to charge them to expense in the period in which they are incurred. When the accompanying supplier invoice is paid, the cost is recorded as an expense when utilising the cash foundation of accounting.
In either scenario, the Repairs and Maintenance Expense account will be charged. The charge is subsequently recorded as an expense on the income statement.
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A put option that expires in eight months with an exercise price of $57 sells for $3.85. The stock is currently priced at $59, and the risk-free rate is 3.1 percent per year, compounded continuously. What is the price of a call option with the same exercise price and expiration date? (1.5 point) Answers 1-1 1.
Answers
The price of a call option with the same exercise price and expiration date is unknown.
To determine the price of a call option with the same exercise price and expiration date, we can use the put-call parity formula. According to put-call parity, the price of a call option (C) plus the present value of the exercise price (Xe^(-rt)) should equal the price of a put option (P) plus the current stock price (S). Mathematically, it can be expressed as:
C + Xe^(-rt) = P + S
Given information:
Put option price (P) = $3.85
Exercise price (X) = $57
Stock price (S) = $59
Risk-free rate (r) = 3.1% per year (0.031)
Time to expiration (t) = 8 months (expressed in years as 8/12 = 2/3)
Using the put-call parity formula, we can solve for the price of the call option (C):
C + 57e^(-(0.031)*(2/3)) = 3.85 + 59
C + 57e^(-0.0206) = 62.85
C + 57 * 0.97955 = 62.85
C + 56.00335 = 62.85
C = 62.85 - 56.00335
C = 6.84665
Therefore, the price of a call option with the same exercise price and expiration date is approximately $6.85.
Based on the given information and using the put-call parity formula, the price of a call option with the same exercise price and expiration date is calculated to be $6.85.
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Which preamble objective is addressed by each of the big five budget categories? (A budget category may fit more than one preamble goal.)
1) Medicare/Medicaid
2) social security
3) defense
4) safety net programs
5) interest on debt
Answers
Which of the following activities is an example of using an intranet to gather
information?
Answers
An intranet is an excellent tool for gathering information within an organization. Activities such as posting company-wide announcements and sharing knowledge and expertise across departments are examples of how an intranet can be used to gather information.
An intranet is a private network that can only be accessed by members of a particular organization. It is used for internal communication, collaboration, and information sharing. Intranets are an effective tool for gathering and sharing information within an organization. There are several activities that can be classified as an example of using an intranet to gather information. One such activity is posting company-wide announcements on the intranet. This could include updates on policies, new hires, and upcoming events. By using the intranet to disseminate this information, it ensures that all employees have access to the same information in a timely and consistent manner. Another example is using the intranet to share knowledge and expertise across departments. For instance, a marketing team could use the intranet to share insights on customer behavior and market trends with the sales team. This would help the sales team to better understand the customer and to tailor their approach accordingly.
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currently, most applications of collaborative planning, forecasting, and replenishment (cpfr) have been in which industries? multiple select question. apparel food general merchandise agriculture
Answers
The most common applications of Collaborative Planning, Forecasting, and Replenishment (CPFR) are found in the apparel, food, and general merchandise industries.
In which industries are the applications of CPFR most prevalent?Explanation: Collaborative Planning, Forecasting, and Replenishment (CPFR) is a supply chain management strategy that focuses on enhancing collaboration and information sharing between trading partners.
While CPFR can be applied across various industries, it has gained significant traction in the apparel, food, and general merchandise sectors.
These industries often deal with complex supply chains involving multiple stakeholders, including manufacturers, distributors, and retailers.
The implementation of CPFR in these industries helps to improve demand forecasting accuracy, optimize inventory levels, streamline replenishment processes, and reduce costs.
The agricultural industry, although involved in the supply chain, may have different characteristics and requirements compared to the other mentioned industries, which might explain its relatively lower adoption of CPFR.
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how are cells strengthened in the brain
Answers
Answer:
Explanation:
when a neuron is active, the activity causes it to release netrin. The netrin acts to strengthen the connection between the neuron and a neighbouring neuron at the activated synaptic junction. Netrin's essential signal to the two neurons is 'Make the synapse stronger.
Charles Lackey can also improve the yield by purchasing a new blender. The new blender will mean an increase in his investment. This new blender will mean an increase in his costs of $125 per month, but he will achieve the same new output (an increase to 2 comma 325.00) as the change in labor hours. a) Current productivity for 640 work hours = nothing loaves/dollar (round your response to three decimal places).
Answers
This question is not complete
Complete Question
Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and excellent location, demand has increased by 25% in the last year. On far too many occasions, customers have not been able to purchase the bread of their choice. Because of the size of the store, no new ovens can be added. At a staff meeting, one employee suggested ways to load the ovens differently so that more loaves of bread can be baked at one time. This new process will require that the ovens be loaded by hand, requiring additional manpower. This is the only thing to be changed. The bakery currently makes 1,800 loaves per month. The pay will be $8 per hour for employees and each employee works 160 hours per month.
Charles Lackey can also improve the yield by purchasing a new blender. The new blender will mean an increase in his investment. This new blender will mean an increase in his costs of $125 per month, but he will achieve the same new output (an increase to 2 comma 325.00) as the change in labor hours.
a) Current productivity for 640 work hours = nothing loaves/dollar (round your response to three decimal places).
Answer:
0.352 loaves/dollar
Explanation:
The formula for productivity is given as:
Output/Wages
Wages is calculated as = Cost per Employee × Number of hours Employees work per month
From the question, we are told that:
The pay will be $8 per hour for employees and each employee works 160 hours per month.
Wages = $(640 × 8)
= $5120
Output = 1,800 loaves per month.
Hence, Productivity = 1800 loaves /$5120
= 0.3515625
Approximately to 3 decimal places = 0.352 loaves per dollar
What is the rate of average annual net income to the initial investment or average investment (book value) called?
Answers
The rate of average annual net income to the initial investment or average investment (book value) is called accounting rate of return.
The accounting rate of return (ARR) is a formula which reflects the percentage rate of return expected on an investment or any asset, when compared to the initial investment's cost or in other words the book value of asset.
The ARR formula divides an asset's average revenue by the company's initial investment to take the results of the ratio or return that can be expected over the lifetime of an asset or project by a person.
ARR do not consider the time value of money or cash flows, which can be an integral part of maintaining a business.
The accounting rate of return is a capital budgeting method which is useful if any person wants to calculate an investment's profitability quickly.
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If u know what app this is I’ll give u a anime waifu body pillow whoever says the app first!!
Answers
Answer:
its zoom im on it rn actually XD can I have a kyoko kirigiri body pillow thanks!!
Explanation:
One number that represents a group of numbers is called a/an
Answers
Answer:
Average.
Explanation:
One number that represents a group of numbers is called an average. The most commonly used average in the real world for the calculation of different parameters such as gross pay, average pay, price, quantity etc, is the simple average.
In order to calculate an average, the total number of items are added together and then divided by the number of items.
For example, find the average of the salaries of five (5) employees who earn $10, $5, $50, $20 and $15 respectively.
Given, number of employees = 5
Total sum of money earned = 10+5+50+20+15 = 100
Average = Total sum of money/number of employees
Substituting the values, we have;
Average = 100/5
Average = 20.
Hence, the average pay of the five (5) employees is $20. This $20 represents a group of salaries earned by the five employees.
Assume you are not part of an e-commerce project team at your organization, yet they seek your inputs because you are very knowledgeable in the area of consumer behavior. you are known as the:__________
Answers
Assuming you are not part of an e-commerce project team at your organization, yet they seek your input because you are very knowledgeable in the area of consumer behavior, you are known as the "subject matter expert" or SME.
Generally speaking, the SME is accountable for making sure that the facts and details are accurate so that the project's or program's deliverable(s) will satisfy the needs of the stakeholders, laws, regulations, standards, and best practices.
An "SME," or subject matter expert, is a person with specialized abilities or knowledge on a given task or subject. When creating learning programs, instructional designers heavily rely on SMEs to gather intelligence.
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ervin company began the accounting period with $55,500 in accounts receivable. the ending balance in accounts receivable was $20,600. if the credit sales during the period were $100,000, what is the amount of cash received from customers?
Answers
The amount of cash received from customers during the accounting period was $100,000. In order to determine the amount of cash received from customers, we need to calculate the total amount of credit sales during the accounting period.
Since we know that the beginning balance in accounts receivable was $55,500 and the ending balance was $20,600, we can calculate the total amount of credit sales as follows:
Credit Sales = Beginning Accounts Receivable + Credit Sales - Ending Accounts Receivable
Credit Sales = $55,500 + $100,000 - $20,600
Credit Sales = $134,900
Now that we know the total amount of credit sales, we can determine the amount of cash received from customers by using the following formula:
Cash Received from Customers = Credit Sales - Increase in Accounts Receivable
Cash Received from Customers = $134,900 - ($20,600 - $55,500)
Cash Received from Customers = $134,900 - $34,900
Cash Received from Customers = $100,000
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A TV advertising campaign includes insertions in two programs. The campaign includes 2 insertions, costing $133,634 each, in a TV program that earns a 7.2 rating. The campaign also includes 1 insertion, costing $149,244, in another program that earns a 9.8 rating. Calculate Cost Per Point for the campaign as a whole. (Rounding: penny.)
Answers
The Cost Per Point for this TV advertising campaign is approximately $17,205.12.
Calculate the Cost Per Point (CPP) for this TV advertising campaign.
First, let's calculate the total cost of the campaign:
2 insertions * $133,634 each = $267,268 (for the 7.2 rating program)
1 insertion * $149,244 = $149,244 (for the 9.8 rating program)
Total cost = $267,268 + $149,244 = $416,512
Next, let's calculate the total rating points:
2 insertions * 7.2 rating = 14.4 rating points (for the 7.2 rating program)
1 insertion * 9.8 rating = 9.8 rating points (for the 9.8 rating program)
Total rating points = 14.4 + 9.8 = 24.2
Now, we can calculate the Cost Per Point (CPP) for the entire campaign:
CPP = Total cost / Total rating points = $416,512 / 24.2 ≈ $17,205.12
So, the Cost Per Point for this TV advertising campaign is approximately $17,205.12.
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the suggestion of utilizing venture capitalists, loans, or self-funding are all options to help alleviate wich challenge of entrepreneurship
Answers
The suggestion of utilizing venture capitalists, loans, or self-funding are all options to help alleviate the challenge of managing people.
What is entrepreneurship?The entrepreneurship serves the activity that involves the setting up of a business or businesses, by taking the financial risks in the hope of profit.
Therefore, suggestion of utilizing venture capitalists, loans, or self-funding are all options to help alleviate the challenge of managing people.
In this case, as an entrepreneur, one should able to have the mind to bear the risk as well as make the good decision that is need for the success of the business, examples of entrepreneur are; Mark Zuckerberg, Bill Gate and others.
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Help Pls!!!
Identify two ways households impact the economy?
Identify two ways firms/businesses impact the economy?
Identify two ways government impacts the economy?
Answers
2. They can pay people and make money for the economy.
3. Through fiscal policy, it uses its power to tax and to spend.
the burden of the internal portion of the debt is incurred
Answers
The burden of the internal portion of the debt is incurred by the government, which borrows from the people or entities within the country in the form of treasury bonds, bills, or notes.
Internal portion of the debt refers to the money the government borrows from people or entities within a country. This debt is different from the external portion of the debt, which refers to the money a country borrows from foreign entities, such as foreign governments or international organizations. The burden of the internal portion of the debt is incurred by the government, which borrows from the people or entities within the country in the form of treasury bonds, bills, or notes. The government is required to pay interest on this debt to the individuals or entities who lent them the money. The interest on internal debt is generally lower than that on external debt since there is less risk involved.
The burden of the internal debt is a major concern for many governments as it can place a strain on their budget. The government must use a portion of its revenue to pay the interest on its debt, which reduces the amount of money available for other programs and initiatives. Additionally, if the government defaults on its debt, it can damage the country's credit rating and discourage future investors from lending money to the government.
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after 22 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point)?
Answers
The percentage of the total interest has been paid is calculated as
$ 210.
If we assume that each payment consists of both principal and interest, and the payments are made evenly over time, we can use a formula to calculate the total interest paid.
The formula to calculate the total interest paid on an amortizing loan is:
Total Interest Paid = (Total Payments - Loan Amount)
In this case, the loan amount is not provided, so we cannot calculate the total interest paid directly. However, we can make a reasonable estimation based on the information given.
Assuming the loan amount is equal to the face value of the bond, which is $1,000, we can calculate the total interest paid after 22 payments using the following formula:
Total Interest Paid = (Payment Amount × Number of Payments) - Loan Amount
Since the coupon rate is 5.5% and the face value of the bond is $1,000, the payment amount can be calculated as follows:
Payment Amount = (Coupon Rate / 100) * Face Value
Payment Amount = (5.5 / 100) * $1,000
Payment Amount = $55
Number of Payments = 22
Total Interest Paid = ($55 × 22) - $1,000
Total Interest Paid = $1,210 - $1,000
Total Interest Paid = $210
Now, we can calculate the percentage of the total interest paid:
Percentage of Total Interest Paid = (Total Interest Paid / Total Interest) × 100
To calculate the total interest, we need to know the interest paid over the entire term of the bond. However, since that information is not provided, we cannot calculate the exact percentage of the total interest paid.
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PLEASE HELP ME I WILL GIVE BRAINLIEST!!!!!!!!!
Explain three ways a business can obtain reliable research on the needs, wants, and buying motivations of its target market.
Answers
To make smart decisions for themself and the company
By promoting/ selling the products
By making more money and sales
please mark brianliest, rate, thanks, commnet.
yours,
fellow brainiac
Three ways a business can obtain reliable research on the needs, wants, and buying motivations of its target market.
By keeping a look at trends and preferencesBy keeping surveys about customer tasteBy finding loopholes in the market process.What is research?Research refers to deep investigations of the data and information available to provide credentials with facts and figures to provide results that will utilize for the new research.
Reliable research will be done through credential sources or direct interaction with the customers to know their tastes which helps in meeting tehir needs and wants and making improvements in the product.
This information can be obtained from analyzing the trends and preferences in the market which helps bsuines to know what is popular among people and make assumptions based on it.
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Brooklyn is paid biweekly. Her annual salary is $63,700. What is her biweekly gross pay?
Answers
Brooklyn's biweekly gross pay, given the amount that she is paid annually, is $ 2, 450
How to find the biweekly gross pay?A person's biweekly gross pay is the amount that they are paid every 2 weeks that is not adjusted for taxes and other deductions.
In a year, the number of two week periods are :
= Number of weeks / 2
= 52 / 2
= 26 biweekly periods
The biweekly salary of Brooklyn is therefore :
= Annual salary / number of biweekly periods
= 63, 700 / 26
= $ 2, 450
Find out more on biweekly gross pay at https://brainly.com/question/28772792
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