Answer:
The journal entry for the issuance of the stock is shown below:
Explanation:
Land A/c....................................................................................Dr $236,000
Building A/c...............................................................................Dr $378,000
Common Stock A/c..................................................................................Cr $192,000
Paid in Capital in excess of par value of Common stock A/c.......Cr $422,000
Working Note:
Common Stock = Number of shares × Rate per share
= 24,000 × $8
= $192,000
Paid in Capital in excess of par value of Common stock = (Land + Building) - Common Stock
= ($236,000 + $378,000) - $192,000
= $614,000 - $192,000
=$422,000
Answer:
$63.70
Explanation:
The computation of the total employer payroll tax expense is shown below:
But before that we need to determine the gross salary which is shown below:
= 40 hours × $10 + 8 hours × $15
= $400 + $120
= $520
Now the total payroll tax expense is
= Gross salary × (social security and Medicare tax rate + federal tax + state unemployment tax rates)
= $520 × (7.65% + 0.8% + 3.8%)
= $63.70
Answer:
The correct answer is option B.
Explanation:
The price of a good is $5, the quantity demanded is 100 units per month; when the price is $7, the quantity demanded is 80 units per month.
Price elasticity of demand
=
=
=
=
= -0.666 or 0.67
The answer would be right of repelvin. It is because with this right, the customer should be still able to claim the goods that he bought to the owner even at any circumstances. For this promotes the rights of Bob's bistro. This is being done in order for the party of the bistro to claim the goods that he order from the owner of the Asian Noodles company.
Answer: They are two modalities in which it can be withdrawn.
Explanation:
1. The checkbook or checkbooks.
2. Using a debit card to make withdrawals and deposits at ATMs.