After a 15% increase, Mary's pay is $28,175. What be it past the increase?
I have the answer, but how do I work the problem.Answers: X times 1.15 = 28175
X=28175 / 1.15
X=24500
X times 1.15 = represents how much more than the artistic, the new income is.
In order to isolate the inspired salary, we hold to divide both sides by 1.15.
*Just a reminder... 1 - 0.15, is not equal to 1/1.15
Here's how to work it:
You know that $28,175 = 115% of her OLD salary, so you know that ($28,175/115) = 1% of her weak salary. If you multiply that by 100, you'll win what her salary be BEFORE her raise!
BTW, where on earth does she work that's handing out 15% raise? LOL!
You need to know how to judge in math. I use words.
The multiplication symbol x is equal to the word OF.
You necessitate to know, what is 15% OF 28,175
15% is .15 put into decimal notation
.15 of 28,175 is the increase. SO ---
.15 x 28,175 = increase
I'll let you hold it from there.
Does that engender sense?
You're welcome.
cato_l is correct. 28175/1.15=24,500 24,500x1.15=28175
Bad debts provision?
I have an extract of the trial go together:debtors 16000 (dr)
bad debts provision 650 (cr)
The bleak debts provision is to be maintained at 5% of debtors.
Can someone relate me how should I count the provision for the next year?
I would be really grateful.
Answers: Based on your 5 percent requirement, the provision for desperate debts should be 800. That means the unpromising debt provision should report an 800 credit balance contained by the financial statements. To achieve this, you hold to debit bad debts expense 150 and credit bleak debts provision 150. The expense is reported in the income statement and the provision is reported within the balance sheet as a contra description to debtors.
The bad debt provision is an estimate. The estimate made previously be somewhat larger than necessary, going away 650 in the report. If your 5 percent estimate is fairly accurate, the $800 provision will be mostly used up during the subsequent accounting period. At the finishing of the period, the provision may hold a small debit or credit balance. It is accustomed as I show above.
Unless experience has shown the percentage to be too big or low, stay with what you hold.
How do you know if you ever had a 401k lets say you forgot if you ever signed up at past jobs?
Answers: You can also check with your state's Treasury Department (or the state where you worked). They typically keep lists of accounts owed people that can't be found. Your name may not show up for several years as the company holds it for a period of time. Eventually, they are bound to turn it over to the state for possible collection by you. So, make a note to check that list once a year...who knows you may discover more money you forgot about.
If you're looking for a site that lists names of folks with old 401k accounts, there isn't any.
You should get at least quarterly statements if you had a 401k account. But if you don't remember, your only choice is to check with the HR dept at all your former employers.
How could you forget your own savings? Look over your records form the old jobs. If you have an old 401(k), you should also have been getting statements.