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Flauer [41]
4 years ago
11

Ryan is sitting in a seminar where a speaker is explaining the company's retirement plan options. Ryan is only 24 years old, and

he thinks retirement is so far away that he doesn't think he needs to pay attention to the speaker. He starts texting his friends and updating his Facebook page; he even slumps in his chair. He has completely tuned out of the presentation. Ryan's listening style in this case is best described as
Business
1 answer:
DedPeter [7]4 years ago
7 0
He has completely tuned out of the presentation. Ryan's listening style, in this case, is best described as detached.

He was totally out of his way and was not focussing on what the presentation was about. He was not paying any attention as he found the situation boring. <span>He</span> is detached and is not personally involved in presentation or has no emotional interest in it. He tries to remain emotionally detached from the presentation but fails.
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How would the market for smartphones be affected if the government charged an excise tax of $5.00 on each smartphone sold? quest
11111nata11111 [884]
<span>how would the market for smartphones be affected if the government charged an excise tax of $5.00 on each smartphone sold ? C) The supply of smartphones would decrease. Excise taxes are based on the quantity of an item and not on its value. For example, the federal government imposes an excise tax of 18.4 cents on every gallon of gas purchased, regardless of the price charged by the seller. States often add an additional excise tax on each gallon of fuel. so, government will charged 5.00$ excise tax on smartphone will affected supply of smartphones would decrease.</span>
8 0
4 years ago
ABC Limited, Inc., sells its product in a perfectly competitive market for a price of $15 per unit and hires workers at a daily
Svetach [21]

Answer:

The company's profit will remain unchanged.

Explanation:

The new worker will increase costs by $75 per day while the total sales will increase by $75 per day (= 5 units x $15). The only way the company increases its profit is that they sell at least 6 more units per day.

3 0
3 years ago
PA10-3 Recording and Reporting Current Liabilities [LO 10-2]
ioda

Answer:

See the explanation for the answer.

Explanation:

The required journal entries will be prepared as follows:

1 & 2  

i.  To record payroll on December 31.

Date         General Journal                                Debit        Credit

Dec. 31     Salaries and Wages Expense          80000  

                Withheld Income Taxes Payable                        8000

                FICA Taxes Payable                                            6000

                Contribution to American                                   3000

               Cancer Society        

                Cash                                                                     63000

Dec. 31 Payroll Tax Expense                          6600  

                FICA Taxes Payable                                           6000

               State and Federal Unemployment                     600

                Taxes Payable

 

ii. To record collection of rent on December 10.

Date           General Journal                        Debit            Credit

Dec. 10       Cash                                           6000  

                   Unearned Rent Revenue                               6000

iii. Adjusting entry on December 31.    

Date         General Journal                                  Debit         Credit

Dec. 31     Unearned Rent Revenue                    4000  

                Rent Revenue                                                        4000

3.

The liabilities should be reported in the balance sheet as follows:

L COMPANY

Balance Sheet (Partial)

At December 31

Current Liabilities:  

Income Taxes Payable                                                 8000

FICA Taxes Payable                                                     12000

Contribution to American Cancer Society                  3000

State and Federal Unemployment Taxes Payable     600

Unearned Rent Revenue                                             2000

Total current liabilities                                                  25600

5 0
3 years ago
Samson Company reported total manufacturing costs of $320,000, manufacturing overhead totaling $52,000, and direct materials use
Bingel [31]

Answer:

Direct labor cost is $204,000

Explanation:

Total manufacturing costs $320,000

Manufacturing overhead $52,000

Direct materials used $64,000

How much is direct labor cost ?

Total Manufacturing is all the cost used to manufacture a product by the company. It included all direct and indirect expenses incurred during the period for manufacturing a product.

Use following formula to calculate the Direct labor cost:

Manufacturing cost =  Direct Expenses + Manufacturing Overhead

Manufacturing cost =  ( Direct Material Expense + Direct labor Expense) + Manufacturing Overhead

$320,000 =  ( $64,000 + Direct labor Expense) + $52,000

$320,000 =  $64,000 + Direct labor Expense + $52,000

$320,000 =  $116,000 + Direct labor Expense

Direct labor Expense = $320,000 - $116,000

Direct labor Expense = $204,000

6 0
4 years ago
At the end of its first year, the trial balance of Blossom Company shows Equipment $21,500 and zero balances in Accumulated Depr
faltersainse [42]

Answer:

The adjusting entry is shown below.

Explanation:

According to the scenario, the given data are as follows:

Estimated depreciation for year = $4,300

So, the adjusting entry  for depreciation is shown below:

Adjusting Entry

Dec.31

Depreciation expense A/c Dr.     $4,300

           To Accumulated Depreciation-Equipment A/c      $4,300

(Being the Depreciation expense is recorded)

7 0
4 years ago
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