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3 years ago

Capital goods are goods that will be used in the future to produce more goods and services. True or False

Business

1 answer:

MissTica3 years ago

3 0

Answer:

The statement is: True.

Explanation:

Capital Goods are assets with more than one year of useful life that are used to generate other goods and income. Capital goods and assets as terms apply to the same category of resources but the context defines which one is being used. In the context of economic analysis, capital goods are used to refer to the amount of capital goods purchased and used in the overall economy. Capital assets is a term that is used more commonly in accounting and finance.

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The following information about the payroll for the week ended December 30 was obtained from the records of Pharrell Co.:

hram777 [196]

Answer:

1) December 30, 202x, wages expense

Dr Wages expense 777,000

Cr Federal income taxes withheld payable 135,975

Cr OASDI taxes withheld payable 46,620

Cr Medicare taxes withheld payable 11,655

Cr Retirement savings (401k) payable 17,094

Cr Group insurance payable 11,655

Cr Wages payable 551,670

December 30, 202x, payroll tax expense

Dr OASDI taxes expense 46,620

Dr Medicare taxes expense 11,655

Dr FUTA taxes expense 240

Dr SUTA taxes expense 2,160

Cr OASDI taxes payable 46,620

Cr Medicare taxes payable 11,655

Cr FUTA taxes payable 240

Cr SUTA taxes payable 2,160

2) December 30, 202x, wages expense

Dr Wages expense 777,000

Cr Federal income taxes withheld payable 135,975

Cr OASDI taxes withheld payable 46,620

Cr Medicare taxes withheld payable 11,655

Cr Retirement savings (401k) payable 17,094

Cr Group insurance payable 11,655

Cr Wages payable 551,670

January 5, 202y, payroll tax expense

Dr OASDI taxes expense 46,620

Dr Medicare taxes expense 11,655

Dr FUTA taxes expense 4,662

Dr SUTA taxes expense 41,958

Cr OASDI taxes payable 46,620

Cr Medicare taxes payable 11,655

Cr FUTA taxes payable 4,662

Cr SUTA taxes payable 41,958

5 0

3 years ago

When a business buyer decides to change specifications such as quality or options associated with products purchased in the past

vaieri [72.5K]

Modified rebuy
A company buyer is involved in a modified rebuy situation when they choose to alter parameters, such as quality or choices, for previously purchased goods.

MODIFIED REBUY - It is a purchasing scenario in which a person or business purchases items that have already been acquired, but modifies either the supplier or another aspect of the prior order. when a business is able to save a ton of time thanks to modified rebuy, businesses keep lists of supplies and goods that can be repurchased from the same source or another supplier from a pre-approved list who has already been on board and is familiar with the requirements. This modification indicates adjustments made to the supplier's or the client's needs.
To learn more about modified rebuy please visit - brainly.com/question/8530057
#SPJ4

5 0

2 years ago

Who update/maintains a checkbook register

Svetach [21]

B. The account holder

It is their responsibility to document in the checkbook register when they write checks and how much they are for.

8 0

4 years ago

Read 2 more answers

Each of the following are types of__________allocation methods:

storchak [24]

Answer:

Each of the following are types of Overheads allocation methods.

Explanation:

Factory overheads such as rent, electricity or water can not be traced directly to a cost object.

When determining the cost of a cost object these overheads are apportioned to departments they pass through for processing or the actual job using an allocation method.

The common methods for allocating overheads are plant-wide rate method, departmental overhead rate method and activity-based costing method.

5 0

3 years ago

During a recession, a number of workers have their hours reduced by their employers. All else the same, the unemployment rate wi

iogann1982 [59]

Answer:

<h2>The answers in this case are will remain unchanged and will remain unchanged respectively.</h2>

Explanation:

In this case,due to a recession the overall hours of work worked by individual employees or staff are reduced by the employers.
Now,note that it has been mentioned that everything else or every other factor or component in the economy is constant in the economy and thus,unaffected by the recession.
Therefore,it can be reasonably assumed that the unemployment rate will remain the same as there has not been any worker expulsion or layoffs as a result of the recession based on the information provided in the question.
Furthermore,the labor force participation will also presumably remain unchanged as there has been no change in the existing working or employed labor force and/or in the overall population level based on the information presented.

8 0

3 years ago