Answer:
The journal entry is as follows:
On April 29,
Salaries A/c Dr. $1,250,000
To social security taxes payable 75,000
To medicare taxes payable 18,750
To Federal withholding taxes payable 250,000
To salaries payable 906,250
(To record the payroll for the week)
Answer:
D. Global standardization strategy
Explanation:
The standardization strategy is to consider the global market for the product. That is, despite the differences between nations, companies offer the same product in all markets
Answer:
a, The depreciable cost when using the straight line method is;
= Cost of asset - Residual value
= 70,700 - 4,200
= $66,500
b. As the rate is uniform over the life of the asset, the rate is 100% divided by the life of the asset.
= 100%/5
= 20%
c. Annual depreciation will therefore be;
= Depreciation rate * depreciable cost
= 20% * 66,500
= $13,300
One can move from an adaptation level to the zone of maximum performance potential by: "Slightly increasing pressure."
<h3>How does one increase pressure for performance?</h3>
According to a study, it has been shown that Professional athletes underperform when subjected to little pressure. They also tend to underperform when the goal is not clear or uncertain.
Hence, one way to increase pressure, and thereby performance gradually is to:
- Set goals
- Ensure that they are met
- Then with each level of success, the goal is increased slightly.
<h3>Why are goals important for performance?</h3>
Goals are critical for performance because the mind is a goal seeking organ. It thrives when it has clear goals and is properly motivated to achieve those goals.
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The income statement net income is $2,540.
<h3>Income statement</h3>
Income statement for Woburn Landscaping Co. for the year ended December 31, 2020
Revenue:
Landscaping Revenue $13,100
Plant Sales $3,900
Total revenue $17,000
Expenses:
Salaries Expense $5,050
Hydro Expense $1,150
Repair Expense $980
Rent Expense $4,200
Internet Expense $1,020
Advertising Expense $1,770
Supplies Expense $250
General Expense $40
Total expenses $14,460
Net income $2,540
($17,000-$14,460)
Therefore the income statement net income is $2,540.
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