Answer:
A. have no effect.
Explanation:
The US Treasury Bill was purchased at short-term
So it would not affect the company's cash balance.
The rule for short-term invstment is to have litle risk
and a mature of less than 90 days
the US TB fullfil both, it has no risk and matures within 90 days It is considered a cash equivalent.
The total is $1,437.
Before June she had already paid social security on $100,000 in earnings. So, in June she only needs to pay social security on $18,500.
$18,500 x .062 = $1,147
She pays Medicare on all of June’s earnings = $20,000 x .0145 = $290
The total amount of FICA -social security withheld from this employee in June is $290 + $1,147 = $1,437
Answer:
Credit Treasury Stock $20,000
Explanation:
When the company reissued the shares, the Treasury Stock account is credited by the same price they were acquire. i.e. in this case we acquire the treasury stock at a price of $20.
Cash (1,000 * 12) 12,000
Additional Paid in Capital 8,000
Treasury Stock (1,000 * 20) 20,000
Answer:
Perfect Competition
Explanation:
Perfect competition is a market characterized by many buyers and sellers that have full information and faces no barrier in entry and exit of the markets. It is the ideal form of market structure where competition is at is greatest possible value. The numerous buyers and sellers are engaged in trade of a homogeneous good in the market. It is also characterized by no long run economic profit and no control over prices.
