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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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a. micromarketing

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Micromarketing -

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In this method ,

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This enables to market the goods and services in a better manner .

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3 years ago
Gary Kelly, CEO of Southwest Airlines, talks to a group of reservation agents to acknowledge their contributions to the company'
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Answer:

leading

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3 years ago
Which of the following balance sheet equations is​ INCORRECT? A. Assets minus Current liabilities​ = Longminusterm liabilities​
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C

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5 0
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Read 2 more answers
if the company chooses the lease option, it will have to pay an immediate deposit of 25000 to cover any future damages to the eq
Likurg_2 [28]

Answer:

The answer is "68,788".

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8 0
3 years ago
the fixed cost of producing wedding cakes is $10,000 per month. the variable cost for producing 10 wedding cakes per month is $1
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The fixed cost of producing wedding cakes is <u>$10,000 </u>per month. The variable cost for producing 10 wedding cakes per month is <u>$12,000</u>. The average cost of producing 10 wedding cakes per month is <u>$2,200</u>.

The average fixed cost curve associated with a given level of output decreases as output expands. The total product produced by a firm for each level of output or unit of input used. Fixed costs include rent building or machinery. Variable costs are plant products water and seeds.

Fixed costs do not change as the firm changes levels of production. Rent price salary. Variable costs change according to the company's production volume. Fuel costs wage raw materials and parts. The cost of goods sold to trading companies directs materials direct labor costs variable components of manufacturing overheads sales and administrative expenses such as handling and shipping costs.

Learn more about Fixed costs here:- brainly.com/question/3636923

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8 0
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