A customer's desire for a product coupled with the buying power or resources to obtain that product is called a _______

Your study partner is having trouble getting total debits to equal total credits in the trial balance. Trial Balance Accounts De

katovenus [111]

Answer:

We have a total Debit and credit amount of $24,400

Explanation

Attached herewith is the adjusted trial balance of the company. In preparation of trial balance, we must consider na nature of the accounts to be recorded. All assets account with normal balances should be posted as debits. All Liabilities and equities accounts with normal balances should be posted on credit side. Revenue is on credit side and all expenses on the other hand is posted on debit side.

5 0

3 years ago

Doris is a member of a team that works to seamlessly execute a large company’s annual shareholder meeting and quarterly board me

masya89 [10]

Answer: Cross functional team

Explanation:

Cross functional team could be defined as a team of people from their parent department in an organization, coming together to work for another purpose. This is a scenario were people in addition to their existing department's in organization work for another function. This works for short term committee, to meet up a project or task.

7 0

2 years ago

Assuming no employees are subject to ceilings for their earnings, Harris Company has the following information for the pay perio

Tanya [424]

Answer:

The correct answer is B. Salaries Payable would be recorded in the amount of 13,542.39.

Explanation:

Given that the company's gross payroll is $19,676, and that a discount of $3,438 must be applied by the Federal Income Tax, a 6% social security rate, a 0.8% federal unemployment rate, a 1.5% rate Medicare and 5.4% state unemployment rate, the following gross discounts must be made to gross payroll to determine wages to be paid after taxes:

3,438 (Federal Income Tax)

19,676 x 0.06 = 1,180.56 (social security rate)

19,676 x 0.008 = 157.408 (federal unemployment rate)

19,676 x 0.015 = 295.14 (Medicare rate)

19,676 x 0.054 = 1,062.5 (state unemployment rate)

Therefore, those discounts should be subtracted from the gross payroll in order to get the Salaries Payable:

19,676 - 3,438 - 1,180.56 - 157.4 - 295.14 - 1,062.5 = 13,542.39.

8 0

3 years ago

Because we often cant choose who our coworkers will be we should

Vanyuwa [196]

Practice working with others even if you don't fell comfortable with this person, or necessarily like them at all.

6 0

3 years ago

How is the scientific method similar to or different from superstition,guessing,intuition,hope?

CaHeK987 [17]

Scientific method involves ways in which you would solve something while the others are just assuming or wondering what could happen.

3 0

3 years ago

A customer's desire for a product coupled with the buying power or resources to obtain that product is called a ________.