1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nastasia [14]
3 years ago
9

Carter County entered into a capital lease to finance an Emergency-911 telecommunications system. The capitalized cost of the eq

uipment was $185,000. The county made a required down payment of $25,000. The first debt service payment will not be due until the next fiscal year. The entry to record the inception of this lease in the General Fund would be Expenditures.............................................................. Lease Payable...................................................... Cash..................................................................... $185,000 $160,000 25,000 Expenditures.............................................................. Other Financing Source....................................... Cash..................................................................... $185,000 $160,000 25,000 Capital Asset.............................................................. Lease Payable...................................................... Cash..................................................................... $185,000 $160,000 25,000 Capital Asset.............................................................. Other Financing Source....................................... Cash..................................................................... $185,000 $160,000 25,000
Business
1 answer:
Sloan [31]3 years ago
3 0

Answer:

The second option

Explanation:

Expenditures

Other Financing Source

Cash $185,000

$160,000

25,000

You might be interested in
You are asked to compose a job description for the position of director of sales for SaveWell. This is a position you once held,
antoniya [11.8K]

Answer:

The formal research format is used in the given scenario.  

Explanation:

As you were asked to write the job description for the official purpose of the organization. Through the Internet you will discover the insights accumulated by the organization demonstrating the dropout paces of understudies by gender and age. Solicitation that specific reports be sent to you, so you can analyze the information by yourself.

6 0
3 years ago
Determine what type of model best fits the given situation: the value of a classic car is presently $50,000 and is increasing in
jok3333 [9.3K]

The model that best fits the given situation is exponential  

<h3>what is an Exponential Function?</h3>

Exponential function, in mathematics a relationship of the form y = a^{x}, where the independent variable x extends over the entire real number line as an exponent of a positive number a. The most important exponential function is y = e^{x}.    

Here,

The value of a classic car = $50,000

It is increasing in value by 5% per year.

So, here we have a = 50,000 and x = 5%

The function is increasing.

b = 1+5%

b = 1+0.05 = 1.05

Hence, the function that describes this situation is given by:

f(x)=50000(1.05)^{x}

To learn more about Exponential Function from the given link

brainly.com/question/10750625

#SPJ4

4 0
2 years ago
If the number of firms in a monopolistically competitive industry increases and the degree of product differentiation diminishes
Viefleur [7K]

Answer:

C) the industry would more closely approximate pure competition

Explanation:

A monopolistically competitive industry is one with different firms selling similar products that are slightly differentiated. It is very easy for firms to enter into industries that are monopolistically competitive. They also have the autonomy to increase their prices.

If the number of firms in a monopolistically competitive industry increases and the degree of product differentiation diminishes they would then resemble a pure competition because they would all be selling identical products which would result in little or no competition.

5 0
3 years ago
External benefits in consumption refer to benefits accruing to those a. who bought and consumed the product.b. who are selling t
Sphinxa [80]

Answer:

The correct answer is d) other than the ones who consumed the product.

Explanation:

An external benefit happens when producing or consuming a good or service, causes a benefit to a third party or person.

For example:

When a constructor builds a new block of apartments, the developer should build access roads to the new construction. The external benefit appears when these roads can be used by the residents of other buildings and the neighbors.

3 0
3 years ago
Who is responsible for withholding the employees income tax?​
julia-pushkina [17]
An employer's federal payroll tax responsibilities include withholding from an employee's compensation and paying an employer's contribution for Social Security and Medicare taxes under the Federal Insurance Contributions Act (FICA).

Employers have numerous payroll tax withholding and payment obligations. Of the utmost importance is the proper payment of what are commonly known as FICA taxes. FICA taxes are somewhat unique in that there is required withholding from an employee's wages as well as an employer's portion of the taxes that must be paid.

The Federal Insurance Contributions Act (FICA) is the federal law requiring you to withhold three separate taxes from the wages you pay your employees. FICA is comprised of the following taxes:

6.2 percent Social Security tax;
1.45 percent Medicare tax (the “regular” Medicare tax); and
Since 2013, a 0.9 percent Medicare surtax when the employee earns over $200,000.
You must withhold these amounts from an employee's wages.

The law also requires you to pay the employer's portion of two of these taxes:

6.2 percent Social Security tax
1.45 percent Medicare tax (the “regular” Medicare tax).
As you can see, the employer’s portion for the Social security tax and the regular Medicare tax is the same amount that you're required to withhold from your employees' wages. (Different rules apply for employees who receive tips.) There is no employer portion for the 0.9 percent Medicare surtax on high-earning employees.

In other words, you withhold a 6.2 percent Social Security tax from your employee’s wages and you pay an additional 6.2 percent as your employer share of the tax (6.2 employee portion + 6.2 employer portion = 12.4 percent total). Also, you withhold a 1.45 percent Medicare tax from your employee’s wages and you pay an additional 1.45 percent as your employer share (1.45 employee portion + 1.45 employer portion = 2.9 percent total). The total of all four portions is 15.3 percent (6.2 percent employee portion of Social Security + 6.2 percent employer portion of Social Security + 1.45 percent employee portion of Medicare + 1.45 percent employer portion of Medicare = 15.3 percent).

Unlike the other FICA taxes, the 0.9 percent Medicare surtax is imposed on the employee portion only. There is no employer match for the Medicare surtax (also called the Additional Medicare Tax). You withhold this 0.9 percent tax from employee wages and you do not pay an employer’s portion. Also, unlike the other FICA taxes, you withhold the 0.9 percent Medicare surtax only to the extent that wages paid to an employee exceed $200,000 in a calendar year. You begin withholding the surtax in the pay period in which you pay wages in excess of this $200,000 “floor” to an employee and you continue to withhold it each pay period until the end of the calendar year.

4 0
3 years ago
Other questions:
  • Pablo was reviewing the water bill for his carwash business and determined that the highest​ bill, $5,000, occurred in july when
    10·1 answer
  • Choose all that apply.
    6·2 answers
  • Jones Co. returned merchandise purchased from Smith Co. The journal entry to record the return of the merchandise by Jones under
    15·1 answer
  • Knowing a company's business standards will:
    13·2 answers
  • choose a well-known company that you are familiar with, and write a customer profile survey that company could give its customer
    14·1 answer
  • Dave brags to his dad that his $45,000 starting salary as a computer programmer is much higher than his dad's $28,000 starting s
    7·1 answer
  • _____ are costs of selecting one opportunity or investment over another.
    14·1 answer
  • Why should you avoid sending or receiving private email at work?
    15·2 answers
  • Rinaldo is an expat working in Singapore. As part of his compensation package, a chauffeur drives him to and from work each day.
    9·1 answer
  • Do you ideally want to have a high credit score or low?.
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!