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forsale [732]
3 years ago
9

Categorize each transaction according to the U.S. account to which it belongs and the direction the money flows.

Business
1 answer:
diamong [38]3 years ago
6 0

Answer: The transactions along with the money flow are as follows:

Explanation:

a. When an Australian company purchases steel from the U.S firm then the U. S firm receives the payment for its sale of goods.

b. The purchase of foreign currency will in turn be the payment to the foreigners.

c. The profit earned by the U.S based company is factor income. It is the payment obtained from the foreigners.

d. The English company is buying the assets from the U.S. confectionery manufacturer. This will involve the private sale as well as the purchase of the assets and payment from foreigners.

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Jasmine has a gross pay of $754.80. By how much will Jasmine's gross pay be reduced if she has the following items withheld?
olga55 [171]

Answer:

reduction in jasmine gross pay is = $94.32

Explanation:

Given data:

gross pay = $754.80

federal tax is $31

social securty tax 6.2%

Medicare tax is 1.45%

Paystate tax is 18%

reduction in jasmine gross pay is calculated as

Reduction = federal tax+ ( social security tax * gross pay) + (medicare tax * gross pay) + ( paystate tax * federal tax)

Reduction = 31 + ( 6.2% + 754.8) + (1.45% *754.8) + (0.18*31)

reduction in jasmine gross pay is = $94.32

6 0
3 years ago
Read 2 more answers
A compound transaction was recorded as follows: debit Equipment, $5,000; debit Cash, $1500; credit Accounts Payable, $3,500. Thi
butalik [34]
The trial balance would disagree. It seems that the cash should be credited instead as the situation seems to me that the cash is being expended to pay for the equipment, and the remaining 3500 is liabilities. Therefore, the error should be corrected.
7 0
3 years ago
The size of the change in the quantity demanded of a good or service due to change in its price is measured by the elasticity of
Dmitry_Shevchenko [17]

Answer:

Elastic ; greater than 1

Explanation:

We know that

Price elasticity of demand =  (Percentage change in quantity demanded) ÷ (Percentage change in price) × 100

Since in the question it is given that the percentage change in quantity demanded is more than the percentage change in price that reflects that the price elasticity is elastic that means it is greater than one.

8 0
3 years ago
I The indirect and direct methods of preparing the statement of cash flows are identical except for
NemiM [27]

The cash flow statement (CFS) measures how well a company manages its cash position, meaning how well the company generates cash to pay its debt obligations and fund its operating expenses. The cash flow statement complements the balance sheet and income statement and is a mandatory part of a company's financial reports since 1987.1

In this article, we'll show you how the CFS is structured, and how you can use it when analyzing a company.

KEY TAKEAWAYS

A cash flow statement is a financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company.

The cash flow statement measures how well a company manages its cash position, meaning how well the company generates cash to pay its debt obligations and fund its operating expenses.

The cash flow statement complements the balance sheet and income statement and is a mandatory part of a company's financial reports since 1987.1

The main components of the cash flow statement are cash from operating activities, cash from investing activities, and cash from financing activities.

The two methods of calculating cash flow are the direct method and the indirect method.

4 0
3 years ago
Island Breeze Company designs and makes desk, window, and ceiling fans. In a product liability suit based on negligence, Island
patriot [66]

Answer:

Option D is correct

Explanation:

The company is liable for proper communication of cautions, defective designs and production processes that she uses to manufacture the product but it is not liable for the the consumer unforeseeable misuse of a fan. Because it is not associated with the duty of care. I also have a duty of care to myself like you have to yourself. If I have struck myself with a hammer then it unjustifiable to sue the company. I am misusing that hammer. I don't have the license but still I am driving car, it means I am misusing the asset. This means some operations are restricted by law and some are implicitly restricted.

5 0
3 years ago
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