Answer: No.
Explanation: Consumption is not contentment because one can consume something without been satisfied of that either because it wasn't what was expected as in the taste.
Answer:
equity = 45,800
Explanation:
working capital: current assets - current liaiblities = 41,300
net book value of long term assets: 97,400
long term debt 102,800
we will work with the accounting formula to solve for equity:
assets = liaibltiies + equity
we divide assets and liabilities in current and non-current:
current assets + long term assets = current liabilities + long-term debt + equity
we rearrenge the formula in order to sovle for equity:
(currnet asets - current liabilities) + long term assets - long-term debt = equity
41,300 + 97,400 - 92,900 = equity
equity = 45,800
Answer:
(C) debit to Payroll Tax Expense for $1,148
Explanation:
"employer's payroll taxes" This means we are asked for the entry of the employer, not the employee.
The employer will contribute the same amount for FICA(medicare and social security) FUTA and SUTA
so the entry will be :
<u>payroll tax expense debit 1148</u>
FICA taxes payable credit 900
FUTA payable credit 32
SUTA payable credit 216
Answer:
The answer is A: an estate and gift tax; to the next generation
Explanation:
A deceased person often via a will or according to laws of intestacy transfers the benefit and ownership of an estate to relatives or others without any consideration. the tax paid on such a transferred asset is called estate tax. This type of tax is often imposed on the property. But practice differs as some tax jurisdictions do impose estate tax on the beneficiary of the deceased property in which case it is called inheritance tax.
Such a tax is not to be imposed if the property is bequeathed to a spouse or a charity recognized under the Federal laws.
When an individual transfers properties during his life time to another without receiving full consideration in any form in return, the tax imposed on such transfer of ownership of asset is known as gift tax. The tax is usually imposed on the giver or transferor of the assets unless a retention of an interest exist which will likely delay the completion of the gift
The major difference between an estate tax and gift tax is that estate tax is tax on transfer of property without consideration to others after demise or death. Gift tax is a tax on transfer of ownership of property without consideration during the giver's lifetime (often called an inter vivos gift)
Answer:
Research studies, Case studies, Books, Information from organization's database.
Explanation:
The secondary sources are defined as the sources that is used to describe or summarize or discuss the information and the details which is originally presented in the other sources. It provides a good overview of the topic or the subject that we are studying or doing a research.
Some of the secondary researches during a research process are :
Research studies, Case studies, Books, Information from organization's database.
