Answer:
A. property tax payments made in July and December
Explanation:
Indirect costs are defined as those cost that a business incurs during normal operation or production process that are not directly traceable to the product. Indirect costs include rent, taxes, salaries, and maintenance cost.
In this scenario if indirect costs are calculated monthly there will be discrepancy of taxes are paid in July and December. This is because during the first six months of the year tax will not be accounted for, and also from August to November tax will not be recognised. Therefore monthly calculations will not be a true reflection of indirect costs incurred.
Answer:
A. Automotive Industry
3. Oligopoly
few sellers, many buyers
B. ACME Light and Power
4. Monopoly
Generally only one per city
C. Airline Industry
3. Oligopoly
high barriers to entry
D. Soda Industry
3. Oligopoly
Coke and Pepsi control most of the market
E. Beet Industry
1. Perfect Competition
many sellers, many buyers
F. Cable Television Industry
4. Monopoly
Generally only one per city, or at most 2
G. Agricultural Commodities
1. Perfect Competition
many sellers, many buyers
H. Athletic Shoe Industry
2. Monopolistic Competition
differentiated products
Answer: C. credit to SUTA Payable of $810
Explanation:
The SUTA tax is a certain percentage expected of employers to pay to the state so as to provide palliative or benefit to displaced workers.
The state unemployment tax rate = 5.4% = 0.054
Taxable amount = $15,000
Tax fee = SUTA rate × taxable amount
SUTA tax amount = $15,000 × 0.054
SUTA tax fee = $810.
Therefore accrued payroll taxes will be feature a journal entry to credit the State Unemployment Tax payable of $810.
Answer:
what the question choices?
Answer: E. Ellen is incorrect.
Explanation:
From the information provided, we can deduce that Bill is incorrect. This is because the statement made by Bill that "Congress lacks the authority to tax in this manner because the U.S.Constitution expressly reserves that right to the states" is incorrect. It should be noted that the constitution of the United States contains no such reservation.
Also, Ellen is incorrect. This is because the Congress has the authority to link highway funds or any other funds with social welfare objectives.