Answer:
1) To verify transactions have the correct date assigned to them. 2) To verify that an account balance is within its credit limit. 3) To verify that all transactions have been recorded for the period.
Explanation:
Answer:
d. credit to Salaries Payable for $8,600
Explanation:
<em>The journal entry would be as follows.</em>
Magnum Company
Payroll Journal
Particulars Debit Credit
Salaries $12,000 Debit
Federal Income taxes withheld 2,500 Credit
Social Security & Medicare taxes withheld 900 Credit
Salaries Payable $8,600 Credit
Unemployment taxes are paid by the employer . They are not deducted from the employees' wages . They include both the federal and state taxes.Social Security & Medicare taxes withheld $ 900 include the Social Security & Medicare taxes $ 900.
Answer:
The activities of the Federal Reserve Board have the most direct influence on: bank interest rates, monetary policy (interest rates, credit, etc.)
Answer:
Opportunity cost is giving up the working at Mc Donald's
Explanation:
Opportunity cost is the term which is stated as the profit, value of something or the benefit which is given up for something in order to acquire or accomplish something else.
In this case, Alexandra wants to work at Mc D and play soccer. So, she decided to play soccer. Therefore, the opportunity cost is working at Mc Donald in order to play.
Answer: Please refer to Explanation,
Explanation:
1. The Profitability Index is a ratio analysis instrument that measures the amount of payoff per Investment. It is calculated with the following simple formula,
= Net Present Value / Investment Required.
Project A
= 473,750/ 860,000
= 0.55
Project B
= 354,930/ 675,000
= 0.53
Project C
= 170,895 / 560,000
= 0.31
Project D
= 169,190 / 760,000
= 0.22
2. - According to Net Present Value
a. Project A
b. Project B
c. Project C
d. Project D
- According to Project Profitability Index
a. Project A
b. Project B
c. Project C
d. Project D
- According to Internal Rate of Return
a. Project A
b. Project D
c. Project B
d. Project C.
