Answer: $11,453
Explanation:
In 2008:
FICA-Social Security tax was payable at 6.2% of a limit of $128,400.
FICA-Medicare tax was payable at 1.45% of the total amount of $225,200.
Additional Medicare tax was payable on any amount in excess of $200,000 at 0.9%.
= (6.2% * 128,400) + (225,200 * 1.45%) + ( (225,200 - 200,000) * 0.9%))
= $11,453
Answer:
CR Revenue $2,300
DR Receivable $2,300
CR Revenue $875
DR Cash $875
DR Cash $10,200
CR Prepaid Revenue $10,200
DR Cash $3500
CR Receivable $3500
Explanation:
Above are the journal entries relating to revenue as far as Valdez services is concerned.
I left out other transactions such as receipt of share payment as well as loan since the requirement specifically asked for revenue related transactions.
Answer:
ChapStick, Scotch tape, Post-it Note
Explanation:
these are all trademarked, which means they are things with a recognizable sign, design, or expression which identifies itself and sets it apart from others
In a market with an upward sloping supply curve and a downward sloping demand curve, a price floor creates a deadweight loss.
A market is a system, institution, process, social relationship, or infrastructure configuration that parties exchange. Although parties can exchange goods and services through barter, most markets rely on sellers offering goods and services to buyers in exchange for money.
A market is a place where buyers and sellers meet to facilitate the exchange or trade of goods and services. A marketplace can be physical, like a retail store, or virtual, like an e-merchant. Other examples include illegal markets, auction markets, and financial markets.
The structure of the economic market can be divided into four categories: perfect competition, monopolistic competition, oligopoly and monopoly.
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Answer:
$16,400
Explanation:
The formula for Retained Earnings = Total assets - Total Liabilities except Retained Earnings
Under the Balance sheet in accordance with this question, the asset recognizable are Cash Account Receivables Prepaid Rent and Merchandise inventory. The liability recognizable are Account payable, Salary Payable, Notes Payable and Common stocks
Therefore Retained earnings = (12000+3000+700+25000)-(14000+1500+800+8000)
Retained earnings = 40700 - 24300
Retained earnings = $16,400