The correct answer is C. The total value of both investment after a given time will stay the same. Investments involves putting up money or assets into use with an aim of generating and creating more income. Therefore in this case if one income is generating income while the other is generating losses, then the overall investment from the two investment remains the same.
The item which is an example of data collected from market research is insights into potential customers.
Market research is the process of gathering information about your target market and the knowing current state of your industry. Thus, it is the research conducted directly with potential customers.
Interviews are considered to be a common type of primary market research that can be either in-depth or as simple as asking a question. For instance, in an interview in market research is conducted when a business calls a current customer to ask how they are enjoying a product they recently purchased.
Hence, the data collected from market research is insights into potential customers.
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Answer:
- Federal Income tax ⇒ $80
- FICA ⇒ $125.46
- State income tax ⇒ $52.97
- Local deduction - Clark County Income tax ⇒ $29.52
Explanation:
Brent gets paid semi-monthly so his pay per period is:
= 39,360 / (12 months *2)
= $1,640
Based on the table therefore, his federal tax is:
= $80
This figure is based on the intersection between income of $1,640 and 3 withholding allowances.
FICA tax rate is 7.65% so his FICA tax is:
= 1,640 * 7.65%
= $125.46
State income tax = $52.97
Local deduction - Clark County Income tax = $29.52
Total deductions:
= Federal tax + FICA + State income tax + Clark County income tax
= 80 + 125.46 + 52.97 + 29.52
= $287.95
Answer:
The adjusting entry will be shown below:
Explanation:
The adjusting journal which is to be recorded in the following case will be:
Office Supplies expense A/c..............................Dr $2,275
Office Supplies A/c.........................................Cr $2,275
As the amount $3,900 is already debited and at the year end, the remaining amount of office will be posted to the account of the office supplies expense against the office supplies account.
Working Note:
Amount = Debited amount of office supplies - Offices supplies on hand
= $3,900 - $1,625
= $2,275
