Answer:
a. Total liabilities = $280,000
b. Total liabilities = $250,000
Total equity -= $250,000
Explanation:
As we know that
Total assets = Total liabilities + shareholder equity
So in the first case
The amount of the liabilities is
Total liabilities = Total assets - Total equity
= $700,000 - $420,000
= $280,000
And, in the second case, the total assets is $500,000
And, the liabilities and equity amounts are equal to each other
So in this case, the liabilities is $250,000 and the equity is $250,000
Answer:
False
Explanation:
As we know that the closing would be conducted by the closing agent not with the seller agent. The closing agent could be the worker or the employer etc
Therefore the given statement is false
Hence, it is not a true statement
So the same is to be relevant
Answer:
Net pay $764.5
Explanation:
given data
wages = $1000
income taxes = $159
solution
particular net pay
Gross wages $1000
less
Income taxes withheld $159
FICA-social security (1000×6.2%) = $62
FICA-Medicare taxes (1000×1.45%) = $14.5
Total taxes withheld (235.5)
So, Net Pay $764.5
The answer to this question is what we called the low cost strategy. The low cost strategy is a type of pricing strategy where in the company offers a very low price for its products and services in order to produce more goods and service. The price for this strategy is more cheaper than the competitors.
Answer:
D) $571.24
Explanation:
Royce' premiums for the previous year were:
- bodily injury $22.50
- property damage $144.75
- collision $275.75
- comprehensive $100
The total premium of the policy was $543
Since the premiums will increase by 5.2%, the new total premium will be = $543 x 1.052 = $571.24
