Answer:
The correct answer is option c.
Explanation:
Autarky can be defined as a situation where a nation is self-sufficient and does not trade internationally. Consumer surplus is the difference between the maximum price a consumer is willing to pay and the price he actually has to pay.
In the case of autarky, the consumer surplus id the area below the demand curve and above the equilibrium price. The producer surplus is the area above the supply curve and below the equilibrium price.
Answer:
Amount of Social Security tax = $30.69
Explanation:
given data
earned = $495.00
pay = $6,492.39
to find out
How much should be withheld from Adam's gross pay for Social Security tax
solution
we assume here no pre tax is deductions
and social security tax rate is 6.2%
so Amount of Social Security tax will be
Amount of Social Security tax = earned × social security tax
Amount of Social Security tax = $495 × 6.2%
Amount of Social Security tax = $495 × 0.062
Amount of Social Security tax = $30.69
Answer:
Explanation: Dr Cr
1)
Allowance for doubtful account
3%*3610000 108300
Bad debt expense 108300
2)Allowance for doubtful account
2%*(1285070+3610000) 146,852.10
Bad debt expense 146,852.10
3)Allowance for doubtful account
1093830*6% 65,629.80
Bad debt expense 65,629.80
Noncurrent Operating Asset Depreciation is a procedure used in accounting to reflect declining asset values on the balance sheet.
A tangible item's cost can be spread out over the period of its useful life using the accounting approach of depreciation. Depreciation indicates how much of an asset's worth has been expended. It makes it possible for companies to buy assets over a predetermined period of time and profit from those assets. The immediate cost of ownership is greatly lowered because businesses do not have to fully account for them in the year the assets are purchased. A company's profits can be significantly impacted by not accounting for depreciation. Long-term assets can also be depreciated by businesses for tax and accounting reasons.
Learn more about Depreciation here.
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It is RECKLESS CONDUCT. Reckless conduct refers to a practitioner's careless act which deviates significantly from the standard of care a reasonable individual would exhibit under a similar situation. Reckless conduct is a culpable offence and is punishable under the law.
