Lliana saved $460, her gross of which is $2,130 minus her total deductions which is $270. Her fixed expenses which $1,000 we know that it is liability like payment to the bills, the $400 variables expenses can be her food and transportation or other expense that she might need to spend. In calculation, the equation is $2,130 - $270 - $1,000 - $400 = $460
Purchases account is going to increase on the credit side and the cash account is going to decrease ( to be written on the credit side).
Answer: 1. D. Economic entity
2. C. Circumstances prevent the exercise of control.
3. B. Consolidation used for both Sell and Vane.
4. B. In form, the companies are separate; in substance, they are one entity
Explanation:
1. When a parent–subsidiary relationship exists, it can be infered that consolidated financial statements will be prepared in recognition of the accounting concept of economic entity.
2. Consolidated financial statements are prepared when one company has a controlling interest in another unless the circumstances prevent the exercise of control.
3. Based on the information given, in Penn’s consolidated financial statements, it should be noted that Sell and Vane should be consolidated. Therefore, the correct option is B.
4. The best theoretical justification for consolidated financial statements is that in form, the companies are separate while in substance, they are regarded as one entity.
Unemployment insurance makes workers less likely to negotiate for job security when searching for a job and more likely to have a long job search.
Explanation:
Unemployment insurance is a compensation protection where people lost their jobs and follow all eligibility criteria without blame.
Unemployment insurance Workers who are self-employed and willingly fired do not have a career security policy and have to use discretionary funds to cover cases where there is no work available. State governments pay a jobless insurance
Unemployment insurance supports unemployed workers actively seeking work with cash scholarships. The Federal Unemployment Tax Act (FUTA) and state employment programs offer benefits for qualifying unemployed workers. There was a misunderstanding. Most employers pay FUTA tax on federal and state unemployment.
Answer:
The total value of this firm if you ignore taxes is $16 million.
Explanation:
Considering that the company has decided to borrow $1 million to buy out the shares of a deceased stockholder who holds 2,500 shares, hence to calculate the total value of the firm we have to first make the following calculation:
$1,000,000÷2,500= 400
Hence, Total value of the firm= 400×40,000 shares of stock outstanding
= $16 million is the total value of this firm if you ignore taxes.
