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2 years ago

Once a customer has committed to a partnership, less work is needed to maintain the relationship.

1 answer:

4 0

The answer to the given statement above is false, it is because even if a person has entered a partnership, it does not mean less work and effort should be done to maintain the relationship because having no effort in maintaining this relationship could only cause the bond to diminish and destroy. It is best to have an equal amount of work done in order to maintain a relationship with the partner.

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Five individuals organized Miami Music Corporation on January 1. At the end of January 31, the following monthly financial data

s344n2d4d5 [400]

Answer:

a. Profit(loss) = Total revenue - Total expenses

= 131,000 - 90,500

= $41,000

The company did in fact generate profit of $41,000 and this can be shown from the Income Statement which is where profit or loss is calculated.

b. A company uses its assets to pay off its liabilities so if the liabilities are less than the assets then the company is capable of paying off its liabilities:

Assets = Cash + Accounts Receivable + Supplies

= 30,800 + 25,300 + 40,700

= $96,800

Liabilities are just the Accounts Payable of $25,700.

Liabilities are less than Assets so Miami Music does indeed have sufficient resources to pay its liabilities.

This information comes from the Balance Sheet which is where assets and liabilities are shown.

7 0

2 years ago

During one pay period, your company distributes $130,500 to employees as net pay. the income tax withholdings were $19,000 and t

zysi [14]

Given:
130,500 net pay to employees
19,000 income tax withholding
5,000 FICA withholding

130,500 + 19,000 + 5,000 + 5,000 = 159,500

The total wages and payroll tax expense to the company for this pay period, excluding any unemployment taxes, is $159,500.

The 5,000 is added twice because the first 5,000 is withheld from the employees salary as the employees share. The employer also has to pay off 5,000 as employer's share to the employee's FICA withholding. Thus, the presence of the 2nd 5,000.

FICA, Federal Insurance Contributions Act, is composed of
1) 6.2 % Social Security tax;
2) 1.45 % Medicare tax (the “regular” Medicare tax); and
3) 0.9 % of a Medicare surtax starting 2013 for employees earning over $200,000.

3 0

2 years ago

A country has a population of 20,000 people and a GDP of 50 million dollars. What is the per capita GDP of the country?

Karo-lina-s [1.5K]

Answer:

Explanation:

<h3>Given,</h3>

No. of peoples living in a country = 20,000

GDP of the country is = 50 million dollars or $50,000,000

$per \: capita \: gdp \: = \frac{country's \: total \: GDP }{country's \: total \: population}$

<h3>Therefore, </h3>

The per capita GDP of the given country will be

$= \frac{country's \: total \: GDP }{country's \: total \: population}$

$= \frac{50,000,000}{20,000}$

= $2500

<h3>Henceforth, </h3>

The per capita GDP of the given country is $2500 (Ans)

3 0

1 year ago

In access, use the documenter tool to describe the tables in a database.

Monica [59]

I will expect this a true or false question. The appropriate response is true. Get to consequently includes twofold quotes around qualities in the outline lattice that are arranged as Short Text fields when you run the question or move the addition indicate another cell in the plan grid.

4 0

2 years ago

Which form do independent contractors receive from clients to verify income

kirill115 [55]

The answer is for this question is B

3 0

2 years ago

Read 2 more answers