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2 years ago

Business economics Que

Business

1 answer:

alekssr [168]2 years ago

6 0

Answer:

Diapers are a pricey

Explanation:

Diapers are a pricey, essential item for parents. Now, they're getting even more expensive, hurting low-income families already struggling with the pandemic's economic woes.Disposable diaper prices rose 8.7% during the year ending April 10, according to the latest numbers from NielsenIQ, which tracks point of sale data from retailers. Diaper makers recently said they are planning additional price increases, which may further stretch low-income families' budgets if stores choose to pass on the hikes.#accelerationism

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During the month of March, Munster Company's employees earned wages of $64,000. Withholdings related to these wages were $4,896

STALIN [3.7K]

Answer:

A) March 31 journal entries for wages expense and wages payable

Dr Salaries and Wages Expense account 64,000
Cr FICA Taxes Payable account 4,896
Cr Federal Income Tax Payable account 7,500
Cr State Income Tax Payable account 3,100
Cr Union Dues Payable account 400
Cr Salaries and Wages Payable account 48,104

B) March 31 journal entries for company's payroll tax expenses

Dr Payroll Tax Expense account 5,596
Cr FICA Taxes Payable account 4,896
Cr State Unemployment account 700

8 0

3 years ago

Which of the following is NOT a federal income tax deduction?

11Alexandr11 [23.1K]

Answer: a)

Explanation: All the others are deductible, whilst excise taxes are only deductible as a business expense.

8 0

2 years ago

Shocker Associates sold office equipment for cash of $162,000. The accumulated depreciation at date of sale amounted to $123,000

siniylev [52]

Answer:

Original Cost of asset = $269,000

Explanation:

Provided information,

We have been provided that selling value of equipment = $162,000

Gain recognized on sale = $16,000

Gain = Selling price - Book Value

$16,000 = $162,000 - Book Value

Book Value = $162,000 - $16,000 = $146,000

Accumulated Depreciation = $123,000

Book Value = Original Cost - Accumulated Depreciation

$146,000 = Original cost - $123,000

$146,000 + $123,000 = Original Cost = $269,000

8 0

3 years ago

Information and communication technologies are developing at a very fast rate. How have these technologies affected globalizatio

Radda [10]

Answer:

bokunopico yesyedyee

5 0

3 years ago

In August, one of the processing departments at Tsuzuki Corporation had beginning work in process inventory of $24,600 and endin

oksian1 [2.3K]

Answer:

Cost accounted for= $300,000

Explanation:

Giving the following information:

beginning work in process inventory of $24,600

ending work in process inventory of $13,600.

During the month, $289,000 of costs were added to production.

The cost to be accounted for is the cost incurred during production and send to finished goods inventory. Therefore, we need to use the following formula:

Cost of the period= beginning inventory + cost added - ending inventory

Cost of the period= 24,600 + 289,000 - 13,600= $300,000

3 0

3 years ago