Debit Advertising expense $400, credit accounts payable 400.
Answer:
Here is what I found, I hope it helps
Explanation:
Gross Income contains all money you earn that is not expressly removed from taxation under the Internal Revenue Code (IRC). The part of your gross income which is currently subjected to taxes is Taxable Income. To arrive at the number of Taxable Income, expenses are deducted from gross income. For a year, your Gross Income applies to all your pre-tax earnings, while your Adjusted Gross Income is mostly smaller and refers to your income after tax deductions. I could not find the difference between Adjusted Gross Income and Taxable Income.
Answer:
1) What is the size of Labor force
?
60 people are full time employed + 20 people who are part-time employed + 20 people who are unemployed = 100 people
2) What is the Unemployment rate?
20 people who are unemployed / 100 people = 0.2 or 20%
the unemployment rate includes only those people who do not have a job but are willing and able to work, and are currently looking for one.
Answer:
D. $156,000
Explanation:
Cost = $400,000
Residual value = $10,000
Useful life = 5 years
Now,
Annual straight line depreciation = 
Annual straight line depreciation = 
Annual straight line depreciation = 
Annual straight line depreciation = $78,000
Annual depreciation expense is transferred to the accumulated depreciation. Thus, accumulated depreciation is sum of depreciation expense charged over the useful life of the asset.
Depreciation table has been constructed to compute the accumulated depreciation on 31st December 2017.
Answer:
b. $50.00
Explanation:
Intrinsic per share stock price immediately after the repurchase will be $50
