Answer:
($500) = NA + NA + ($500)
Explanation:
In this question, the following accounting equation is used
Assets = Liability + common stock + retained earnings
As in the transaction, it is given that $500 cash is paid for advertising expense, so this event would be affecting the accounting equation for asset and the retained earning account i.e
($500) = NA + NA + ($500)
As cash is paid which reduces the asset balance plus the retained earning balance is also get reduced by $500
Answer:
The correct answer is $3,625.
Explanation:
According to the scenario, the given data are as follows:
Self earning = $125,000
Salary income = $170,000
AS we know that, Medicare tax percent = 2.9%
So, we can calculate the medicare tax that will be owed on self employment income by using following formula:
Medicare tax owed = Self earning × medicare Tax percent
= $125,000 × 2.9%
= $3,625
Answer:
People or team oriented
Explanation:
The best organization culture is there when there is no comparison between the people who are working at different departments, different levels, etc
The rules, procedures, policies are all not for any single person
Here if the high level managers involves the others in decision making process and seek their opinions for the betterment of an organization that this represents the team oriented as the whole organization is working as a team so the same is to be considered
Answer:
Which one of these correctly identifies the sunk costs?
Explanation:
Sunk costs are costs that have already been spent and cannot be recovered by the company. In this case, only the research and development costs can be considered a sunk cost. The land has a market value and if the company decides to sell it, they would get paid for it. Additional investments or costs have not been incurred yet, so they are only planned or estimated costs.
Answer:
The correct answer is: conscious strategic decisions made by the company.
Explanation:
Finnish Company Nokia reported a $1,36 billion loss in sales by 2009 because of the decrease of 20% in sales worldwide during that year and 25% only in the United States the previous year. Even if the company is trying to recover nowadays, the emerging of new technology and competitors is still a struggle for the firm. Back in 2009, they were forced to give up part of their market share in order to restructure the company. This represents a well-thought strategy carried out by them if they wanted to still be in the business.
