Can you provide potential answers? And in case you need a written answer here is one that is not plagiarized!
Budgeting helps you track what you spend and helps you save money. When you are on a budget, you make better financial decisions and spend smarter.
If you need anything else. Let me know!
Hope this helped.
Answer:
The answer is given below;
Explanation:
Plan II EPS=Net Income/Weighted Average shares outstanding
=$450,000-(2,210,000*7%)/120,000=$2.46
Plan I =$450,000/170,000=$2.64
Andrea's asset: $48,000
Assets is cash that she owns. Other assets include: property, equipment, furniture - which are all costs that she owns.
Deductions refers to her liabilities- Andrea's liabilities/ $7,500
which costs that she owes to companies, billing and Not that she owns. Such as: mortgage, bills, bank amount loans, expenses etc
Here is what Andrea as an accountant needs to do to find the annual gross: (steps are in order)
1) she lists all of the assets costs & total the assets
As for andrea she added all her assets costs which is $48,000
2) she then lists all the liabilities costs & totals the liabilities costs
Her liabilities costs which is $7,500
3) the last step- she must subtract the assets total & liabilities total
Ex. (Assets) $48,000 - (liabilities) $7,500 = 40,500
The answer is $ 40,500 is her gross pay.
Now you are probably thinking how can that be the answer?!?
An accountant always checks :)
Here is Andreas checking process in order..
1) the answer 40,500 is her gross pay which in accounting terms it's her owner's equity because it is her amount of cash that she owns not giving it away. Think of it as a safe that her storages the money in.
2) in order to determine the total liabilities & owner's equity she must add the total liabilities + the owner's equity that we found.
Ex (total liabilities) $7,500 + $40,500 = $48,000!!
That shows that our answer is correct we retraced our steps like an accountant and found that our answer equals (in accounting terms; balances) the total assets costs.
Here is how the balance sheets looks like: Andreas balance sheet
Assets Liabilities
Cash cost Bank loan costs
Furniture cost Mortgage costs
Property cost Health Costs
Expense costs
Assets total: Liabilities total:
$48,000 $ 7,500
Owners equity (Andrea's safe) $40,500 by
(Assets - liabilities)
Total liabilities & owner's equity (total liabilities + OE (owners equity for short) = $48,000
In accounting if your total assets which is for Andrea is $48,000 equals total liabilities & OE is $48,000 then your answer is correct. In accounting assets total Must equal total liabilities & OE
Hope this helps :)
Answer:
Distilling is essentially the process whereby a liquid made of two or more parts is separated into smaller parts of desired purity by the addition and subtraction of heat from the mixture. The vapours/liquids distilled will separated other ingredients that have lower boiling points.
Answer: A country where minimum wage is set at 1% of median wage.
Explanation:
The minimum wage is the lowest income that employers can pay their employees.
The median wage is the midpoint of wages earned by workers in the society. Workers who earn median wage implies that half of the workers in the economy earn more than them and the remaining half less than them.
From the portions given, unemployment will mostly occur in a country where minimum wage is set at 1% of the median age. For example let's assume the median age is $10 per hour in the United States. This implies that minimum wage will be $0.1. Nobody will really want to work for an amount which is so low which in turn, leads to great unemployment.
