It is number D because if there’s an increase in supply but not change in demand then the equilibrium price will rise and the quantity will increase
To complete the measurement process, companies need to update balances of assets, liabilities, revenues and expenses for changes created by adjusting entries.
<h3 /><h3>What is adjusting entry?</h3>
An adjusting entry is the entry that is posted after the posting of all the journal entries for a period, all the transactions are posted and then at the end of the period the adjusting entry is recorded.
The adjusting entry balances and effects the balance of the assets, liabilities, revenue and expenditure at the end of the period.
Adjusting entry is also posted when the reversing effect of the journal entry is to be posted and this results in the change of the account balances of assets and liabilities of the company.
The balance sheet and income statement is prepared after the posting of journal and adjusting entries.
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True, <span>it is important for regulatory agencies to maintain control over the standardized practices of these institutions.</span>
The main difference between probing questions and solution-oriented questions is: Probing questions uncover root causes, while solution-oriented questions focus on what should be done.
<h3>What is
probing questions and solution-oriented questions?</h3>
Probing questions can be defined as the question that help to open up the root causes of an event.
While on the other hand solution-oriented questions can be defined as the question that is centre on what should be done or how to find solution to the outcome of the causes.
Therefore Probing questions uncover root causes, while solution-oriented questions focus on what should be done.
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Answer:
Part 1:
Total amount withheld for Social Security and medicare=$16264.2
Amount withheld for Social Security=$7049.4
Part 2:
Additional amount which the employer will contribute=$16264.2
Explanation:
Part 1:
Amount withheld for Social Security= $113700 * 6.2%=$113700 * 6.2/100
Amount withheld for Social Security=$7049.4
Amount withheld for Medicare=$632400 * 1.45%=$632400 * 1.45/100
Amount withheld for Medicare=$9169.8
Total amount withheld for Social Security and medicare=$7049.4+$9169.8
Total amount withheld for Social Security and medicare=$16264.2
Part 2:
The additional amount which the employer will contribute towards the FICA taxes is same as withheld by Coach Samson.
Additional amount which the employer will contribute=$7049.4+$9169.8
Additional amount which the employer will contribute=$16264.2