Answer:
Date Account Titles and Explanation Debit Credit
Salaries Wages expense $22,000
Cash $16,307
Withholding taxes payable (2940+840) $3,780
FICA taxes payable $1,683
Insurance premiums payable $230
(To record Swifty’s payroll)
Answer:
$25,800
Explanation:
The units-of-production deprecation method depreciates an asset based on the total units produced each year.
Unit of production depreciation expense = (units produced / total expected units of production) × (cost of asset - salvage value)
(64,500 / 300,000) x ($135,000 - $15,000)
0.215 x $120,000 = $25,800
I hope my answer helps you
Answer:
Financial institutions such as mutual funds and pension funds that control a large block of shareholders position.
Explanation:
Institutional ownership can be defined as the quantity of stock that is being owned by large bodies such as investment firms, mutual funds, investment banks, insurance companies. These different bodies are responsible for the management of different funds for other entities.
A lot of different institutional investors can own a large amount of shares, therefore if an institution decides to sell, it will have a huge effect on a lot of individual shareholders.
Answer:
$4,000
Explanation:
The computation of amount of Virginia's casualty loss is shown below:-
If property is personal property or is not absolutely destroyed, then the amount of loss of casualty is the lower of:
1. The adjusted asset base, or
2. Reducing the fair market value of the property as a result of the incident
But loss of casualty, should be decreased by any salvage value by any insurance or even other reimbursement that you obtain or consider.
Basis = $14,000
Decrease in fair market value = $10,000
Lower of above = $10,000
From insurance company the Reimbursement is = 6000
So, the Loss of Casualty = $10,000 - $6,000
= $4,000
Answer:
a. price bundling
Explanation:
Price bundling in business can be defined as a strategic process which typically involves the combination of several goods and services into a single unit for a relatively lower price or cost.
One of the potential benefits of price bundling from the company's perspective is that customers will be buying a larger range of services or products from the company than they otherwise might have.
