The following monthly data are taken from ramirez company at july 31: sales salaries, $700,000; office salaries, $140,000; federal income taxes withheld, $210,000; state income taxes withheld, $47,000; social security taxes withheld, $52,080; medicare taxes withheld, $12,180; medical insurance premiums, $17,000; life insurance premiums, $14,000; union dues deducted, $11,000; and salaries subject to unemployment taxes, $70,000. the employee pays forty percent of medical and life insurance premiums. record the accrued employer payroll taxes and all other employer-paid expenses and the cash payment of all liabilities for july-assume that fica taxes are identical to those on employees and that suta taxes are 5.4% and futa taxes are 0.6%
1.record all employer's payroll expenses and liabilities for the month of july.
2.record the employer's benefit expense.
3.record the cash payment of all liabilities related to the july payroll.

For the past six years, the price of slippery rock stock has been increasing at a rate of 8.21 percent a year. currently, the stock is priced at $43.40 a share and has a required return of 11.65 percent. what is the dividend yield? 3.20 percent 2.75 percent 3.69 percent

Afirm’s production function is represented by q(m,r) = 4m 3/4r1/3, where q denotes output, m raw materials, and r robots. the firm is currently using 6 units of raw materials and 12 robots. according to the mrts, in order to maintain its output level the firm would need to give up 2 robots if it adds 9 units of raw materials. (a) true (b) false

Variable rate cd’s = $90 treasury bills = $150 discount loans = $20 treasury notes = $100 fixed rate cds = $160 money market deposit accts. = $140 savings deposits = $90 fed funds borrowing = $40 variable rate mortgage loans $140 demand deposits = $40 primary reserves = $50 fixed rate loans = $210 fed funds lending = $50 equity capital = $120 a. develop a balance sheet from the above data. be sure to divide your balance sheet into rate-sensitive assets and liabilities as we did in class and in the examples. b. perform a standard gap analysis and a duration analysis using the above data if you have a 1.15% decrease in interest rates and an average duration of assets of 5.4 years and an average duration of liabilities of 3.8 years. c. indicate if this bank will remain solvent after the valuation changes. if so, indicate the new level of equity capital after the valuation changes. if not, indicate the amount of the shortage in equity capital.