AND THE LAST TWO ARE THE FOLLOWING:
9. MARTHA LIND RECEIVED ANOTICE SHOWING THAT HER EMPLOYER PAID THESE BENEFITS BASED ON HER 53,000 ANNUAL SALARY:8.7%, REQUIRED TAX BENEFITS, 6%; MEDICAL INSURANCE; 3% PENSION PLAN CONTRIBUTION; 5% VACAION AND HOLIDAY PAY. WHAT TOTAL BENEFITS DID MARTA'S EMPLOYER PROVIDE?
10. THE TOTAL VALUE OF 680 UNITS OF BEGINNING INVENTORY AND PURCHASES IN A QUARTER IS 28900. WHAT IS THEVALUE OF AN ENDING INVENTORY OF 76 UNITS USING THE WEIGHTED AVERAGE METHOD?
To calculate the total benefits provided by Martha's employer, we need to add up all the different types of benefits:
1. Tax benefits: The employer paid 8.7% of Martha's annual salary, which is $53,000. To find out the amount of tax benefits provided, multiply 8.7% by $53,000: (8.7/100) * $53,000 = $4,611.
2. Medical insurance: Martha is receiving medical insurance, which adds an additional benefit. However, the question does not mention the specific amount or percentage. Therefore, we have insufficient information to calculate this benefit. You may need to check if there is any other relevant information given.
3. Pension plan contribution: The employer contributes 3% of Martha's annual salary towards her pension plan. To calculate the pension plan contribution, multiply 3% by $53,000: (3/100) * $53,000 = $1,590.
4. Vacation and holiday pay: Martha's employer provides 5% of her annual salary as vacation and holiday pay. To calculate this benefit, multiply 5% by $53,000: (5/100) * $53,000 = $2,650.
Now, to find the total benefits provided by Martha's employer, add up all the calculated benefits:
Total benefits = Tax benefits + Pension plan contribution + Vacation and holiday pay
Total benefits = $4,611 + $1,590 + $2,650
Finally, find the sum of the calculated amounts for the total benefits provided by Martha's employer. Remember to use the actual values provided for tax benefits, pension plan contribution, and vacation and holiday pay.
Regarding the second question about the value of the ending inventory using the weighted average method, unfortunately, the information about the weights or costs of the units is missing. Please provide the necessary details to compute the value of the ending inventory using the weighted average method.