Answer:
First let us define the nature of each of the following as per Balance sheet of a company:
Payroll payable- Liability
FICA taxes withheld- Liability
Federal taxes- Liability
410(k)- Liability
Explanation:
Effect of Transaction on assets and liabilities:
- Payroll expense Debit will have no impact
- Payroll payable, Federal taxes, FICA and 401(k) will increase the current liability.
- And when they are subsequently paid, cash will be credited hence decreasing the current assets and all these current liabilities shall be debited, hence decreasing the current liability portion.
Answer:
I believe its A signs one contract
Im thinking its the uk am i right
Answer:
Option D
Explanation:
In simple words, scarcity refers to the phenomenon under which a commodity is available in a limited quantity and not all individual gets to enjoy the utility it has.
The main reason behind scarcity is the limited availability of the resources due to which the production is also limited. An individual consumer gets to take this burden in the form of high prices of such limited commodity.
Answer:
$45,450
Explanation:
your first year sales should be $500,000
your second year sales should be $500,000 x 1.03 = $515,000
your third year sales should be $515,000 x 1.03 = $530,450
total sales = $1,545,450
since you previously budgeted $1,500,000 in sales for the 3 years, you were off by $45,450
