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Setler [38]
3 years ago
13

50K in 2018 what does it mean or what is it?

Business
1 answer:
damaskus [11]3 years ago
6 0

Answer:

50K in 2018 means that 50,000 dollars were earned in the year 2018, so this could refer to the annual income of a person or a household.

This would be equivalent to a monthly wage of 4,166 dollars each month, because 50,000 / 12 = 4,166.

This wage would be very close to the median wage in the United States.

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Park & company was recently formed with a $6,900 investment in the company by stockholders in exchange for common stock. the
yKpoI14uk [10]

<u>Calculation of Total Assets:</u>

Total assets based on the given transactions can be calculated as follows:


Cash Received from Investors $6,900

Add: Amount Borrowed from Local Bank $3,900

Add: Supplies Purchased on account $1,190

Add: Equipment purchased $6,900

Less: Cash Paid for purchase of equipment -$2,190


Total Assets = $16,700


Hence based on the given transactions, the company's total assets are <u>$16,700</u>





7 0
4 years ago
ASC Topic 235, Notes to Financial Statements
Nutka1998 [239]

Answer: d. Requires description of all significant accounting policies to be included as an integral part of the financial statements.

Explanation:

There are several accounting and valuation policies that a company can use when presenting its financial information for the year. Companies are meant to follow the policies that would most fairly represent their assets and liabilities.

When they pick these valuation methods, it is important that the people who study their financial statements know the valuation and accounting methods used so that they can understand the figures.

To this end, ASC Topic 235 requires that the company should include the significant accounting policies that it used as notes so that financial statement users understand how the company reached the figures it recorded.

4 0
3 years ago
When presenting an offer to a listing agent on behalf of a buyer, the buyer's agent must not
Alex
To include a copy of the agent's buyer representation agreement with the offer.
6 0
3 years ago
Which of the following is a criticism of the national income and product accounts?
jok3333 [9.3K]

I believe the correct answer among the choices is:

b) They do not capture most nonmarket economic activity

 

<span>The National Income and Product Accounts or NIPA is one of the main sources of the data on general economic activity in the United States. The greatest drawback to this is that it is only a prediction, it does not really reflect all the acitivities.</span>

4 0
4 years ago
A single person earns a gross biweekly salary of $780 and claims 6 exemptions. how does their net pay change due to the federal
zloy xaker [14]

A single person earns a gross biweekly salary of $780 and claims 6 exemptions. their net pay changes due to the federal income tax withheld No federal income taxes are withheld. Option A. This is further explained below.

<h3>What is income tax?</h3>

Generally, The income tax is a kind of direct taxation in which the government takes a cut of a person's earnings. The federal government is obligated to collect this fee because of the Income Tax Act of 1961.

In conclusion, A person living alone might expect to earn $780 every two weeks after taking into account the six allowances that are allowed for such a situation. Their after-tax income shifts as a result of federal income tax withholding. There will be no withholding of federal income taxes.

Read more about income tax

brainly.com/question/11820552

#SPJ1

6 0
2 years ago
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