Answer:
While it was true that the cotton gin reduced the labor of removing seeds, it did not reduce the need for slaves to grow and pick the cotton. In fact, the opposite occurred. Cotton growing became so profitable for the planters that it greatly increased their demand for both land and slave labor.
Answer:
The summary of the given statement is summarized throughout the below segment.
Explanation:
Cash dividend declared:
- The cash payment will be made by stakeholders as either revenue, as well as the company's stock decreases through the equal amount of payment announced each unit.
- Consequently, the 'Modigliani and Miller' approach does not result throughout almost every gains or loss to particular stockholders
Buyback of Shares:
- Throughout this scenario, the Business acquires up later the current owners' personal or existing interests.
- Therefore that on the day of purchase, stockholders receive the identical payment.
Answer:
General Journal Debit Credit
Payroll Tax expense $ 5,994
Social Security tax Payable $ 4,200
Medicare Tax Payable $ 1,050
State Unemployment Tax Payable $ 648
Federal Unemployment Tax Payable $ 96
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Answer:
The future value is $6,894.21
Explanation:
Giving the following information:
Dominic Joseph deposits $5,000 in a new savings account. The account pays 5.5 percent interest compounded annually.
To calculate the future value, we need to use the following formula:
FV= PV*(1+i)^n
PV= 5,000
i= 0.055
n=6
FV= 5,000*(1.055)^6= $6,894.21
