The following monthly data are taken from Ramirez Company at July 31:

Sales salaries $300,000
Office salaries $60,000
Federal income taxes withheld $90,000
State income taxes withheld $20,000
Social security taxes withheld $22,320
Medicare taxes withheld $5,220
Medical Insurance premiums $7,000
Life Insurance premiums $4,000
Union dues deducted $1,000
Salaries subject to unemployment taxes $50,000
The employee pays 40% of medical and life insurance premiums.

Prepare journal entries to record:

1. Accrued payroll, including employee deductions for July.

2. Cash payment of the net payroll (salaries payable) for July.

3. Accrued employer payroll taxes and other related employment expenses, for July - assume that FICA taxes are identical to those on employees and that SUTA taxes are 5.4% and FUTA taxes are 0.8%.

4. Cash payment of all liabilities related to the July Payroll.

Alarge university wanted to study the relationship between completing an internship during college and students' future earning potential. prom the same graduating class, they selected a random sample of 80 students who completed an internship and 100 students who did not complete an internship and examined their salaries five years after graduation. they found that there was a statistically higher mean salary for the internship group than for the noninternship group. which of the following interpretations is the most appropriate? a. there could be a confounding variable, such as student major, that explains the difference in mean salary between the internship and no internship groups.b. we cannot infer anything from these data since the distribution of salaries is likely right skewed.c. you cannot draw any valid conclusions because the sample sizes are different.d. more students should complete internships because having an internship produces a higher salary.

You own 2,200 shares of deltona hardware. the company has stated that it plans on issuing a dividend of $0.42 a share at the end of this year and then issuing a final liquidating dividend of $2.90 a share at the end of next year. your required rate of return on this security is 16 percent. ignoring taxes, what is the value of one share of this stock to you today?

Explain the relationship between consumers and producers in economic growth and activity