Answer
b.$0 SE tax; $90,000 NII tax.
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
Following would be the journal entry for purchase of office supplies;
Office Supplies A/C Dr. $2500
To Cash A/C $800
To Accounts Payables A/C $1700
(Being office supplies purchased partly for cash, partly on credit, being recorded)
Purchases is a nominal account so the rule which applies is, debit all expenses and credit all incomes and gains.
Cash is also a real account so the principle which applies is, debit what comes in and credit what goes out.
Accounts Payable is also a real account so the same principle applies, as for cash.
Answer:
The best answer choice to the question: Which of the following events could transform the price floor from one that is binding to one that is not binding? would be, B: Traditional land line phones become more expensive.
Explanation:
Governments make economic decisions all the time, and generate policies on all matters pertaining to markets, in order to maintain a balance. Sometimes, due to specific circumstances, products can become less necessary, or less interesting, for buyers, be it because the prices are too high for the product, be it because there is little money to spend on certain items, or be it because other items on the market can replace the product on offer. To regulate this, governments thus bind products, and pricing, to encourage the consumption of one, or another product, and thus maintain an economic balance. In this case, cellular phones have become less interesting to consumers because using landline phones is cheaper and more effective, so they do not need cellphones. The government, to maintain the economy, places a floor on pricing, and the way to make this measure not binding, is by making traditional landline phones more expensive than cellphones, thus motivating people to buy more cellphones.
Either A or D but most likely D
Answer: segmentation
Explanation:
Market segmentation is when a business market that is made up of different customers is being divided, into smaller groups or segments based on some characteristics.
From the question, we are informed that XARA is a newly emerging wine company. After extensive market research, XARA divides its market into wine enthusiasts, casual drinkers and restaurants. Each category has its own needs, traits and marketing goals. In this scenario, XARA is using market segmentation.