Answer:
$181
Explanation:
Given that,
Beginning:
Income tax payable = $54
Deferred tax liability = $75
Ending:
Income tax payable = $34
Deferred tax liability = $145
Tax expenses during the year = $231
Amount of tax paid during the year:
= Tax expenses during the year + (Beginning - ending tax payable) - (Ending - Beginning deferred tax liability)
= $231 + ($54 - $34) - ($145 - $75)
= $231 + $20 - $70
= $181
If your unemployment rate is high, that means you're making less money in all. If many people are without jobs, that means your labor force is also weak. Your employers will make a lot of cutbacks.
The correct option is B.
In case of non repayment of loan, the lender can sell the collateral and used the proceeds to cover his losses. A collateral is always in form of properties which are substantial in value, it is often requested that borrowers provide collateral in order to reassure lenders that they will pay up.
Answer:
•Discovery
• Data
• Analyze
• Ethical
Explanation:
• Discovery . Here, there are observations of events or actions which bring about new knowledge that will be further exposed to new hypothesis.
• Data . Raw data(qualitative- non numerical and quantitative -numerical) are collected in this stage and then processed to become information.
• Analyze . This is a stage where the processed data and information are analyzed. It is where the data are cleaned, inspected, transformed and then modeled with the aim of making meaningful insights, drawing conclusion and then support further decision making.
• Ethical. In this stage, researchers check to determine whether their procedures are ethical or not. This is where the data analysed are checked whether they conform with the correct rule of conduct.
<h3>
Answer:</h3>
Debiting salaries Expense $400 and Crediting Salaries payable $400.
<h3>
Explanation:</h3>
We are given;
1 employees earns $ 100 a day
Therefore;
2 employees will earn $ 200 a day
The month ends on Tuesday, but the two employees works on Monday and Tuesday.
- Therefore, the month-end adjusting entry to record will be the amount earned by the two employees on the two days.
Two employees for 2 days = $200/day × 2 days
= $400
- But, salary is an expense, and in the accounts an increase in expense account is debited.
- According to the rule of double entry, an increase in salaries expense decreases the salaries payable. Therefore, we debit salaries expense account and credit salaries payable account.
- Therefore, the month-end adjusting entry to record the salaries earned but unpaid would be;
Debiting salaries Expense $400 and Crediting Salaries payable $400.
