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MrRissso [65]
3 years ago
14

The journal entry to record employer payroll taxes owed affects ______.

Business
1 answer:
weeeeeb [17]3 years ago
5 0

Answer:

a) liabilities only

Explanation:

The journal entry to record the payroll tax expense is shown below:

Payroll tax expense A/c Dr

     To Social security tax payable A/c

     To Medicate tax payable A/c

     To State Unemployment tax payable A/c

     To Federal Unemployment tax payable A/c

(Being the payroll tax expense is recorded)

The payroll tax expense is shown on the debit side of the income statement whereas payroll tax payable is shown on the liabilities side of the balance sheet

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horsena [70]

Answer:

Sentence 3

Explanation:

5 0
2 years ago
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The ______________ stage of the selling process offers a prime opportunity for salespeople to solidify customer relationships th
Nitella [24]

Answer:

E. Follow-up

Explanation:

The follow-up stage is a stage of the selling process which offers a prime opportunity for salespeople to solidify customer relationships through great service quality.

Follow-up means things that can be done by the salesperson in order to Improve customer relation.

Follow-up services helps to:

1. Increase sales: Customers who are satisfied with your services are more likely to come back and patronise you more.

2. Follow-up services helps producers to innovate on their products. Follow-up service includes listening to customers complaint and needs. This allows a producer to Improve on its product.

3. Follow-up services helps a business to stand out among other businesses because only few business follow-up

on their customers.

4. Existing customers refer new customers to patronise you and customers develop a sense of trust in your product and services.

5. Follow-up services helps to increase profit because firms make more sales.

7 0
3 years ago
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Halliford Corporation expects to have earnings this coming year of $3/share. Halliford plans to retain all of its earnings for t
jeka57 [31]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

6 0
3 years ago
XYZ Insurance Company uses class rating to determine the rate to charge for insurance. For one type of insurance, the pure premi
hichkok12 [17]

Answer:

$100

Explanation:

Insurance coverage is the sum of expenses paid and the premium paid on these expenses.Total coverage is the calculated by adding the premium and expense. In this question premium is the $75 and the expense ratio is 25%.

As we know

Coverage = Premium + Expense

Coverage = 75% + 25%

So, based on above equation we can calculated the expense as follow

Expense = $75 x 25% / 75% = $25

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6 0
3 years ago
Banc Corp. Trust is considering either a bankwide overhead rate or department overhead rates to allocate $396,000 of indirect co
Viktor [21]

Answer:

(A) $144,000.

Explanation:

For computing the indirect costs allocated to the Commercial Department first we have to compute the per unit cost which is shown below:

Per unit cost = (Allocated department overhead indirect cost) ÷ (total number of direct labor hours)

=  $396,000 ÷ 22,000

= $18

The total number of direct labor hours = Consumer + commercial

                                                                = 14,000 + 8,000

                                                                = 22,000

Now the indirect cost equal to

= Per unit cost × Commercial direct labor hours

= $18 × 8,000

= $144,000

4 0
3 years ago
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