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3 years ago

what is a federal government program providing retirement, survivor, and disability benefits, that is funded by a tax on income?

1 answer:

7 0

Title II of the Social Security Act provides for assistance to those who have paid into the system through their employment and then either reach the age of retirement or become disabled. Children and spouses of those who die can also access these benefits. This benefit is more commonly referred to as SSA or just Social Security.

Hope that helps.

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The financial statements include an introduction known as the management discussion and analysis. This preface must contain info

Elis [28]

Answer: Analysis of company's performance by the management.

Explanation: In the management discussion and analysis, the upper management of the company analyze and comment on the qualitative and quantitative characteristic of a company. This is seen as a secondary information in the company's yearly financial statement.

The MD and A, is considered valuable by investors as sometimes the management also comments about the upcoming projects of the company in such statements.

3 0

3 years ago

The following events occurred for Favata Company: a. Received $10,000 cash from owners and issued stock to them. b. Borrowed $7,

Marina86 [1]

Answer:

(a)

Increase in Cash of $10,000 and Increase in Common Stock account of $10,000

Asset increases by $10,000; Owner's equity increases by $10,000. Accounting equation remains in balance.

(b)

Increase in Cash of $7,000 and Increase in Short-term Note Payable account of $7,000

Asset increases by $7,000; Liability increases by $7,000. Accounting equation remains in balance.

(c)

Increase in Fixed Asset of $800 and Increase in Account Payable account of $800

Asset increases by $800; Liability increases by $800. Accounting equation remains in balance.

(d)

Increase in Fixed Asset of $12,000, Decrease in Cash of $1,000 and Increase in Long-term Note Payable account of $11,000

Asset increases by $11,000; Liability increases by $11,000. Accounting equation remains in balance.

(e)

Increase in Fixed asset of $3,000, Decrease in Cash of $1,000 and Increase in Account Payable account of $2,000

Asset increases by $2,000; Liability increases by $2,000. Accounting equation remains in balance.

Explanation:

Explanation is given in Answer part

6 0

3 years ago

Regular moderate exercise correlates with increased health, both physical and mental. Exercise friendly communities have LOWER r

nordsb [41]

Answer:

Obesity

Explanation:

7 0

2 years ago

In assessing whether the improvement in advertising sales can properly be attributed to the reorganization, it would be most hel

Nookie1986 [14]

Answer:

The question is incomplete, please see complete question below:

Following several years of declining advertising sales, the Greenville Times reorganized its advertising sales force two years ago. Before the reorganization, the sales force was organized geographically, with some sales representatives concentrating on city-center businesses and others, on different outlying regions. The reorganization attempted to increase the sales representatives' knowledge of clients' businesses by having each sales representative deal with only one type of industry or of retailing. After the reorganization, advertising sales increased.

In assessing whether the improvement in advertising sales can properly be attributed to the reorganization, it would be helpful to find out each of the following EXCEPT:

A.Two years ago, what proportion of the Greenville Times' total revenue was generated by advertising sales?

B.Has the circulation of the Greenville Times increased substantially in the last two years?

C.Has there been a substantial turnover in personnel in the advertising sales force over the last two years?

D.Before the reorganization, had sales representatives found it difficult to keep up with relevant developments in all types of businesses to which they are assigned?

E.Has the economy in Greenville and the surrounding regions been growing rapidly over the last two years?

The correct answer is

<em>A.Two years ago, what proportion of the Greenville Times' total revenue was generated by advertising sales? </em>

Explanation:

The proportion of the Total Revenue (TR) generated by advertising sales is of no significance. Our objective is to find out if there was an improvement in advertising sales that can properly be attributed to the reorganization.

4 0

2 years ago

The investments of Steelers Inc. include a single investment: 42,730 shares of Bengals Inc. common stock purchased on September

Inga [223]

Answer:

Explanation:

A. The journal entries are shown below:

On September 12

Investment A/c - Bengals Inc A/c Dr $598,220 (42,730 × $14)

To Cash A/c $598,220

(Being the acquired investment including brokerage commission is recorded)

On December 31

Unrealized gain or loss on available-for-sale securities A/c Dr $85,460

To Valuation allowance for available-for-sale securities $85,460

(Being decline in share value is recorded)

The computation is shown below:

= 42,730 shares × ($14 per share - $12 per share)

= 42,730 shares × $2 per share

= $85,460

B. The unrealized gain or loss for available-for-sale investments is shown in the Stockholder equity section on the balance sheet. It is to be shown in the negative item in the equity section.

7 0

2 years ago