Y=30 because adding 3 on to 8 gets you 11 and you have to do the same for both x and y
Answer:
The ending balance of Rogers, Capital is $29,000
Explanation:
In this question, we use the formula of opening capital which is shown below:
Opening capital = Closing capital + drawings - profit earned + loss incurred - additional capital
where,
The profit earned = Revenue - expenses
= $41,000 - $26,000
= $15,000
And, the other items would remain the same
$25,000 = Closing capital + $11,000 - $15,000 + $0 - $0
$25,000 = Closing capital - $4,000
So, the closing capital = $25,000 + $4,000
= $29,000
Answer: A) debit to Salaries and Wages Expense for $88,800
Explanation:
When recording the payroll for the month, the gross pay of $88,800 will be debited to the Salaries and Wages expense account.
The relevant deductions are then made which in this case would be FICA taxes, Income taxes withheld and Medical insurance deductions. The unemployment taxes are the responsibility of the employer so will not be deducted.
The Journal entry will therefore be;
Debit Credit
April 30 Salaries and Wages Expense 88,800
FICA Taxes withheld 6,790
Income taxes withheld 18,500
Medical Insurance deductions 3,300
Salaries and Wages Payable 60,210
Answer:
This is an example of:
4. product adaptation
Explanation:
Product adaptation is the process by which the management of a company changes product features to meet the needs of specific consumers. It can involve the improvement of a key feature that meets customer demand. This improves a company's competitive advantage over it's rivals. There are various reason as to why a product might need to be improved, namely;
1. To meet the regulatory standards in that particular area. Maybe the specification standards has changed, so the company also adjusts it's products to fit into the threshold of the required standards.
2. To make the product more attractive to a particular audience.
In general, product adaptation is meant to increase the market share especially in a business environment that is always changing with respect to customer needs and business regulations. An increased market share for the improved products usually translates to increased profit margins. Big profit margins is usually considered as a sign of success by most commercial businesses.