Answer:
The Correct Answer is B.
Sales tax.
Explanation:
Sales tax is the Tax imposed by the government body during the sale of the goods and services at a retail level.
While payroll tax is the tax which is imposed on the salary of the employees and this tax is imposed by the employer. payroll taxes are directly deducted from the salaries of the employees and directly paid to the internal revenue services by the employer.
Answer:
The correct option is (A)
Explanation:
Social media campaign for the most part, relies upon the marketing goals and objectives of an organisation. The manager has applied objective and task budgeting technique to allocate resources towards marketing campaigns to achieve specific objectives. It is a better option to allocate resources rather than to wait and spend arbitrary money.
Answer:
B. $11,000 increase in Assets; No effect on Liabilities; $11,000 increase in Stockholders’ Equity
Explanation:
As the company received cash in exchange for the common stock. So, it affect the accounting equation which is shown below:
Total Assets = Total liabilities + Total stockholder equity
The journal entry is shown below for better understanding:
Cash A/c Dr XXXXX
To Common stock XXXXX
To Additional Paid-in capital - in excess of par XXXXX
(Being cash is received)
So, it would not impact the total liabilities
Answer:
$750 favorable ; $200 unfavorable
Explanation:
The computations are shown below:
For fixed overhead budget variance:
= Budgeted fixed overhead - actual fixed overhead
= $47,420 - $46,670
= $750 favorable
For fixed overhead volume variance:
= Budgeted fixed overhead - standard fixed overhead cost allocated to production
= $47,420 - $47,220
= $200 unfavorable
Hence we consider all the given information
Answer:
E. None of the above is correct.
Explanation:
