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3 years ago

5

A credit to an asset account was posted to an expense account. This would cause __________. options: assets to be overstated lia

bilities to be understated capital to be understated

2 answers:

mihalych1998 [28]3 years ago

7 0

Revenues to be understated

goldfiish [28.3K]3 years ago

4 0

B. liabilities to be overstated D. revenue to be overstated

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Benefits can represent more than ______ of the employer's total payroll costs. a. 28 percent b. 7 percent c. 66 percent d. 12 pe

gtnhenbr [62]

Answer:

b. 7 percent

Explanation:

Benefits here means the statutory benefits that the employees have a right to receive. These on the legal terms are the requirements, as the employer is required to contribute around 7.65% of the salary paid to the employee towards benefits of social security and Medicare.

This clearly is the standard set for the payroll. Now this also provides for the minimum contributions, thus it provides that at-least these are to be made.

Thus, each employer when making a standard salary shall contribute more than 7% towards the benefits of the employees.

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2 years ago

Which of the following subjects should you study uif your seeking a career in agriculture or natural resources select all that a

inna [77]

BIOLOGY, BOTANY AND ENGLISH

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3 years ago

If the economy booms, Meyer&Co. stock will have a return of 20.4 percent. If the economy goes into a recession, the stock wi

Mnenie [13.5K]

Answer:

The standard deviation of the returns on the stock is 15.56%(Approx).

Explanation:

Expected Return=Respective return*Respective probability

=(20.4*0.67)+(-12.7*0.33)=9.477%

probability Return probability*(Return-Expected Return)^2

0.67 20.4 0.67*(20.4-9.477)^2=79.93899243

0.33 -12.7 0.33*(-12.7-9.477)^2=162.3003786

Total=242.239371%

Standard deviation=[Total probability*(Return-Expected Return)^2/Total probability]^(1/2)

=15.56%(Approx).

4 0

2 years ago

Suppose investment is $1,100 billion, private saving is $1,050 billion, and capital inflow from abroad is $100 billion. Solve th

Sauron [17]

Anoveoswer:

The government deficit is $150 billion

Explanation:

Current Account (CA) = Savings(S) -Investment(I).

Current account (CA) is also conventionally defined as (X-M) (value of exports – value of imports) + Net income from abroad. (R)

CA = (X-M) + (R)

In this case CA= $1050 billion - $1100 billion

CA= -$50 billion

Therefore CA = (X-M) + (R)

- $50 billion = x + $100 billion

X-M= -$100 billion + -$50 billion= -$150 billion

8 0

3 years ago

On January 2, 2021, Miller Properties paid $28 million for 1 million shares of Marlon Company's 6 million outstanding common sha

emmainna [20.7K]

Answer:

A. Income statement $8.4 million

B. Balance sheet million $35.4 million

C. Operating cash flow million $1 million

Investing cash flow million=$28 million

Explanation:

a. Calculation for Income statement million

Using this formula

Income statement=Investment revenue -Patent amortization adjustment

Let plug in the formula

Income statement= ($54 million × 1/6)-([$36 million] × 1/6]÷10 years)

Income statement=$ 9.0-$0.6

Income statement=$8.4 million

Therefore Income statement million will be $8.4 million

b. Preparation of the Balance sheet million

Cost $28 million

Add Investment revenue $9.0 million

($54 million × 1/6)

Less Dividend ($1 million)

($6 million × 1/6)

Less Patent amortization adjustment ($0.6 million)

([$36 million] × 1/6]÷10 years)

Balance sheet million $35.4 million

($28 million+$9.0 million-$1 million-$0.6 million)

Therefore Balance sheet million will be $35.4 million

c. Preparation of the Statement of cash flows

Operating cash flow million=($6 million × 1/6)

Operating cash flow million= $1 million

Investing cash flow million=$28 million

Therefore Operating cash flow million will be $1 million while the Investing cash flow million will be $28 million.

5 0

2 years ago