Answer and Explanation:
The journal entry to record the investment of Bloom is as follows:
Cash Dr $2,000
To Capital $2,000
(Being the investment is recorded)
Here the cash is debited as it increased the asset and capital is credited as it also increased the equity
Using line depreciation method,
Depreciable cost = Cost - Salvage value = $40,900,000- $4,090,000 = $36,810,000
Depreciation per year = Depreciable cost/life = 36,810,000/15 = $2,454,000
After third year of use,
Depreciation expenses = $,2,454,000*3 = $7,362,000
Book value = cost - depreciation expenses = 40,900,000 - 7,363,000 = $33,538,000
Answer:
Date Description Debit Credit
March, 31 Payroll Tax expense $2,320.50
FICA Social Security taxes $1,054
FICA Medicare taxes $ 246.50
FUTA taxes $ 102
SUTA taxes $ 918
<u>Working </u>
FICA Social Security taxes = 1,700 * 10 * 6.2% = $1,054
FICA Medicare taxes = 1,700 * 10 * 1.45% = $246.50
FUTA Taxes = 1,700 * 10 * 0.6% = $102
SUTA Taxes = 1,700 * 10 * 5.4% = $918
Payroll Tax expense = 1,054 + 246.50 + 102 + 918 = $2,320.50
Answer:Please Refer to the explanation section
Explanation:
The question has insufficient information, we are supposed to be studying the diagram to determine outlier countries with poorest international shipping logistics. i have consulted the International Shipping Logistic performance index 2018 to find poorest countries in terms of international shipping logistics. according to the world bank countries like Zimbabwe, Lesotho , Syrian Arab Leon , Sierra Leon and Niger are some of the poorest countries when incomes to international shipping
Challenges Faced by these countries.
- Challenge of being land locked.
Countries like Zimbabwe , Niger and Lesotho face great challenges in international shipping logistics because they are land locked. any Political instabilities in the neighbouring countries affect they logistics businesses directly because the need entry to other countries to transport goods
Countries like Syrian Arab Republic, Somalia and Sierra Leon suffer from Political instability which makes it difficult for the to trade with other countries.
