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Ganezh [65]
3 years ago
11

A clothing store sells T-shirts, t, for $8 a shirt and shorts, s, for $12 each. The

Business
2 answers:
Crazy boy [7]3 years ago
7 0

Answer:

B. 8t + 12s = 216; t = 3s

Explanation:

t-shirts = $8 each

shorts = $12 each

$216 total

t-shirts sold = 3 x shorts

andreyandreev [35.5K]3 years ago
6 0

Answer:

b.

Explanation:

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Schach [20]
The right answer for the question that is being asked and shown above is that: "High liquidity, high rate of return" the advantages of a bank savings account is that of <span>High liquidity, high rate of return</span>
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3 years ago
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The closing entry for dividends involves a debit to ______ and a credit to ______. (Select all that apply.)
alina1380 [7]

The closing entry for dividends involves a debit to <u>A. Retained Earnings</u> and a credit to <u>Dividends</u>.

<h3>What is a closing entry?</h3>

A closing entry is the journal entry at the end of the accounting period so that temporary ledger accounts (mainly income statement items) are moved to permanent accounts (balance sheet items).

<h3>Answer Options:</h3>

A. Retained Earnings; Dividends

B. Dividends; Retained Earnings

C. Dividends; Dividends Payable

D. Dividends Payable; Dividends

Thus, the closing entry for dividends is a debit to Retained Earnings, which is a permanent account, and a credit to Dividends (a temporary account).

Learn more about closing entries at brainly.com/question/13408214

7 0
2 years ago
Scott Company has 5 sales employees, each of whom earns $16,000 per month and is paid on the last working day of the month. Each
pogonyaev

Answer:

Scott Company

Journal Entries:

January 31:

Debit Payroll $80,000

Credit Salaries Payable $57,200

Credit Payroll Taxes Payable $22,800

To record the salaries and taxes payable.

Debit Salaries Payable $57,200

Debit Payroll Taxes Payable $22,800

Credit Cash $80,000

To record the payment of the salaries and taxes.

Explanation:

a) Data and Calculations:

Number of sales employees = 5

Salary per month = $16,000 each

Withholding taxes:

FICA social security taxes of 6.2% = $992

Medicare taxes  1.45% = $232

Federal income tax = 16% = $2,560

Monthly Medical Insurance = $440

FUTA = 0.8% of the first $7,000 = $56

SUTA = 4.0% of the first $7,000 = $280

Total withholding tax deductions = $4,560

Payroll total ($16,000 * 5) = $80,000

Withholding taxes for each:

FICA social security taxes of 6.2% = $992 * 5 - $4,960

Medicare taxes  1.45% = $232 * 5 - $1,160

Federal income tax = 16% = $2,560 * 5 - $12,800

Monthly Medical Insurance = $440 * 5 - $2,200

FUTA = 0.8% of the first $7,000 = $56 * 5 - $280

SUTA = 4.0% of the first $7,000 = $280 * 5 - $1,400

Total withholding tax deductions = $4,560 * 5 = $22,800

Net pay = $57,200

5 0
3 years ago
g Let D1 represent the demand curve for premium seats to the Broadway hit Hamilton, and let S1 represent the supply curve for th
natali 33 [55]

Answer:

(a) $ 1200

(b) $ 702.5

Explanation:

In the demand and supply curve, the price of goods and services changes with respect to market conditions such as scarcity and consumers' needs. In the problem, if the producers charge about $497.50, the scalper will definitely charge a price higher than that of the producers, in this case, $1200. Thus, this is $702.5 (i.e. $1200 - $497.50) more than the producers' charge.

3 0
3 years ago
Laura is an investor and a limited partner in a limited partnership. Two years after she becomes a limited partner, Laura thinks
erik [133]

Answer

Option B. Laura is personally liable as the bank, in good faith, thought she is a general partner

Explanation:

Limited Partnership (LP)

This is Business entity that exists in line with state statutes that gives limited liability to some of its members who called limited partners.

RULPA

This is simply called Revised Uniform Limited Partnership Act. It is the model for Limited Partnership legislation in most states.

Limited Partner

This is a part or member of a limited partnership.it is that individual who is not involved in controlling the business and whose liability is limited to amount invested in the business.

General Partner

It is simply a member in a limited (or general) partnership who controls the business and has unlimited personal liability.

In the above scenario, Laura will be taken as a general partner and will be held personally accountable or liable for the loan, and also along with the general partners of the limited partnership.The rule of RULPA gives the right for a limited partner to be involved in the management of the partnership’s affairs and not losing the limited liability if the limited partner has been formally employed by the partnership to be an executive of the partnership.

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