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ludmilkaskok [199]
2 years ago
7

The taxes imposed under the social security act consist of:

Business
1 answer:
inysia [295]2 years ago
3 0
Two taxes on employers, two taxes on employees, OASDI and HI taxes and taxes on the net earnings of the self-employed 
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ang Co. manufacturers its products in a continuous process involving two departments, Machining and Assembly. Journalize the ent
Ksenya-84 [330]

Answer:

a.

Raw Materials $180,000 (debit)

Accounts Payable $180,000 (credit)

b.

Work In Process Machining : Direct Materials $73,000 (debit)

Work In Process  Machining : Indirect Materials $9,000 (debit)

Work In Process  Assembly : Indirect Materials $4,900 (debit)

Raw Materials $86,900 (credit)

c.

Work In Process  Machining : Direct Labor $23,000 (debit)

Work In Process  Assembly : Direct Labor $47,000 (debit)

Salaries Payable $70,000 (credit)

d.

Work In Process  Machining : Depreciation $4,500 (debit)

Work In Process  Assembly : Depreciation  $7,800 (debit)

Accumulated Depreciation $12,300 (credit)

e.

Work In Process  Machining : Overheads $9,700 (debit)

Work In Process  Assembly : Overheads  $11,300 (debit)

Overheads $21,000 (credit)

f.

Work In Process Assembly Department $14,900 (debit)

Finished Goods Inventory $83,400 (debit)

Work In Process Machining Department $98,300 (credit)

g.

Accounts Receivables $100,000 (debit)

Cost of Goods Sold $68,000 (debit)

Sales Revenue $100,000 (credit)

Finished Goods Inventory $68,000 (credit)

Explanation:

Manufacturing Costs are accumulated in the Work In Process Account.

Finished Goods are Transferred from Work In Process Account to Finished Goods Inventory by Debiting Finished Goods Inventory Account and Crediting Work In Process Account.

4 0
3 years ago
Using the equation of exchange, if the Federal Reserve Bank expands the money supply and but there is no real growth in the econ
fenix001 [56]

Answer:

The conclusion we can draw is that businesses invest heavily on capital expenditures for future growth.

Explanation:

The equation of exchange is:  M × V = P × Q, where:

M: the money supply

V: the velocity of money

P: the general price level

Q: the expenditures

Because V increase while P (no real growth in the economy mean the velocity of money is stable) and P are unchanged, Q must increase too. The increase is usually on capital expenditures.

8 0
2 years ago
The developing economies' share of the global gross domestic product (GDP) from 2003 to 2017 is shown in the following table.
shepuryov [24]
The quadratic function that best models the developing economies' share of the global GDP as a function of the number of years
3 0
3 years ago
In which core leader competency do you determine information sharing strategies?
Andre45 [30]
<span>Communication is the core leader competency in which you determine information sharing strategies.
Through communication, a leader could convey the goals of the organizations and motivate all members of the group to give their best in order to achieve those goals</span>
4 0
3 years ago
The signals that guide the allocation of resources in a market economy are
Vlad1618 [11]
The answer to this question is the term prices. Prices are the value of a certain product or services. A price is the value or amount of money being paid in exchange of the product being bought. In pricing a product or service, a markup is being set to the price.
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3 years ago
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