What are the phases in a business cycle?

Question 8 Presented below are changes in the account balances of Wenn Company during the year, except for retained earnings. In

skelet666 [1.2K]

Solution:

Change in assets= 28,860-17,010+52,010+46,730= 110,590(increase)

Change in liabilities= 32,580-19,620=12,960 (increase)

Change in stockholders equity= 110,590-12,960 = 97,630

Net increase= 97,630

Change in common stock= 63,760

Additional paid in capital= 15,390

Net increase accounted for = 63,760-15,390= 48,370

Increase in retained earnings (net income)= 32560

Compute the net income for the current year.

Net income $32560

7 0

3 years ago

The federal Social Security Act A. Does not apply to self-employed persons. B. Excludes professionals such as accountants, lawye

Andrej [43]

Answer:

D. Provides that bonuses and commissions paid as compensation are included as wages in the calculation of employer-employee contributions.

Explanation:

As with reference to Sec 312(a) - it clearly states that all the amount rendered by the employer to the employee as in the nature of wages shall be included for computing the value of contributions.

Thus, as the bonuses and commissions are part of wages.

This clearly it creates the understanding that all the bonus and commissions received by the employee shall form part of wages for calculating the value of employer employee contributions towards the funds.

3 0

3 years ago

WILL MARK BRAINLY

vfiekz [6]

Answer:

The answer is C. wholesaler.

Explanation:

According to Edmentum, "Wholesalers purchase goods from various producers and stock them. Then, they sell stocks of goods to different retailers according to their requirement."

6 0

3 years ago

Read 2 more answers

John, the CEO of Tresnel Inc., learns that the government of one of his company's foreign markets has enacted a new law that lim

Natasha_Volkova [10]

Answer:

The correct answer is letter "D": political and legal.

Explanation:

Managers should not be discouraged in front of <em>new legislation</em>. In fact, new laws setting boundaries on businesses can be detrimental for those companies but immediately after the regulations are enacted, firms should find out if the political environment of that law has grey areas that help companies to surpass them.

Besides, the social environment where the firm operates can offer companies other opportunities for the fir to grow. Research must be meticulously conducted under this scenario to find out new profit sectors in the market before making radical decisions such as stopping the operations of the entity.

5 0

3 years ago

Which aims involved economic growth of the united states?

lyudmila [28]

There are a a lot of aims that involved economic growth of the united states, one can claim that they wanted this economic growth because this means a growth in business also. and also there are a lot more things that they have considered in this. this is just one example of the aims that stated.

4 0

3 years ago