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Keith_Richards [23]
3 years ago
8

Reducto Co. pays a weekly payroll of $95,000 that includes federal taxes withheld of $12,000 FICA taxes withheld of $7,250, and

retirement withholdings of $6,000. What is the effect on assets and liabilities from this transaction?
A. Assets decrease $71,310 and liabilities decrease $25,690.
B. Assets decrease $97,000 and liabilities decrease $71,310.
C. Assets decrease $71,310 and liabilities increase $25,690.
D. Assets decrease $97,000 and liabilities increase $97,000.
Business
1 answer:
larisa [96]3 years ago
7 0

Answer: Assets decrease $69,750 and liabilities increase $25,250

Explanation:

Based on the scenario in the question, Decrease in assets will be calculated as:

= $95,000 - $12,000 - $7,250 - $6,000 = $69,750

Increase in liabilities will be calculated as:

= $12,000 + $7,250 + $6,000

= $25,250

The effect on assets and liabilities from this transaction is that assets decrease $69,750 and liabilities increase by $25,250

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Freya plans to invest $3,200 a year for 25 years starting at the end of this year. How much will this investment be worth at the
Dmitry [639]

Answer:

$240,885.11

Explanation:

The formula to be used is = annual payment x annuity factor

Annuity factor = {[(1+r) ^N ] - 1} / r

R = interest rate = 8.2 percent

N = number of years = 25

[(1.082^25) - 1 ] / 0.082 = 75.276598

75.276598 x $3,200 = $240,885.11

I hope my answer helps you

5 0
3 years ago
The gross requirements of a given component part are determined from ______________________.
il63 [147K]

Answer: The correct answer is "c) planned orders of the parent".

Explanation: The gross requirements of a given component part are determined from <u>planned orders of the parent</u>

Without the release of planned orders from immediate parents, the gross requirements of a given component part could not be determined.

5 0
3 years ago
A decline in the Index of Supplier Deliveries is typically an indicator of a future _____ in economic production, and a narrowin
Umnica [9.8K]

Answer:

D. slowdown; slowdown

Explanation:

Based on the scenario been described in the question, a decline in the index of supplier deliveries will definitely slowdown economic production because it will lead to delay in delivery and also it is an indicator that future production will be slow. Also, the narrowing of the interest rate spread between 10years treasury note the three months bill is clearly an indicator that future economic production will be slow

4 0
3 years ago
Henry, Bekah, and Marcella are on the five-member Benefits Task Force that is researching options for the new benefits package.
xeze [42]

Answer:

groupthink.

Explanation:

Analyzing the above information, it is correct to state that Henry, Bekah and Marcella are involved in the groupthink heuristic, which occurs when there is a group consensus regarding an idea or motivation, in favor of unanimity, without ever researching and evaluating accurately the decision, as stated in the statement in the question.

Groupthink is a phenomenon that occurs when members give up their individual opinion and agree with some suggestion from other members to avoid conflict and keep the group cohesive. This can be a negative behavior when group cohesion becomes more relevant than an opinion and constructive suggestion for the group's challenges.

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General technological advance is most likely to cause the production possibilities frontier to shift outward from a to b.

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8 0
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