Stereo speakers, new car, furniture, an expensive watch
Answer:
Hello.
Explanation:
True brain discharge >>> http://mavizion.com
Answer:
a) liabilities only
Explanation:
The journal entry to record the payroll tax expense is shown below:
Payroll tax expense A/c Dr
To Social security tax payable A/c
To Medicate tax payable A/c
To State Unemployment tax payable A/c
To Federal Unemployment tax payable A/c
(Being the payroll tax expense is recorded)
The payroll tax expense is shown on the debit side of the income statement whereas payroll tax payable is shown on the liabilities side of the balance sheet
False. Loss leaders are products that are sold at or below cost in order to lure you into the store.
Answer:
Total= $98,000
Explanation:
Giving the following information:
You plan on saving for a large home improvement project using the following cash flows: $50,000 today, $25,000 next year, and $10,000 the following year. The account earns a 10% return per year.
We need to use the following formula:
FV= PV*(1+i)^n
FV= 50,000*1.10^2= 60,500
FV= 25,000*1.1= 27,500
FV= 10,000
Total= $98,000
