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grin007 [14]
3 years ago
12

White Company's wages payable account had a beginning balance of $3,757 and an ending balance of $2,070. During the year, wages

expense was $15,188. How much did White pay in cash during the year for wages
Business
1 answer:
borishaifa [10]3 years ago
7 0

Answer:

the amount paid during the year is $16,875

Explanation:

The computation of the amount paid during the year is shown below:

Opening Balance $3,757

Add: Wages expense $15,188

Less: Closing Balance -$2,070

Amount Paid $16,875

Hence, the amount paid during the year is $16,875

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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This document shows that you are allowed to work in the United States:
Stolb23 [73]

Answer:

d. work permit

Explanation:

The work permit is also referred to as the Employment Authorization Document or EAD. A work permit has the same design as a driver's license. It is issued by US Citizenship and Immigration Services (USCIS).

Foreigners coming into the US need to obtain a work permit to enable them to seek employment. The work permit card is presented to potential employers as proof that a person is duly authorized to work in the USA.

7 0
3 years ago
Read 2 more answers
Without proposed Project​ A, a​ firm‘s estimated cash flows over the next 3 years is​ $275M. With proposed Project​ A, the​ firm
Gala2k [10]

Answer:

option B) $ 25M

Explanation:

Data provided in the problem:

Without proposed project A,

The estimated cash flows over the next 3 years =​ $ 275M

With the proposed project A,

The estimated cash flows over the next 3 years =​ $ 300M

Now, the amount of incremental cash flows associated with Project​ A will be calculated as;

Incremental cash flow = Cash flows (With Project A) - Cash flows (Without Project A)

on substituting the values, we get

Incremental cash flow = $ 300M - $ 275M = $ 25M

Hence, the correct answer is option B.

0 0
3 years ago
A title for goods obtained by a seller through fraud, impersonation, or a dishonored check is referred to as a(n. ________.
Aliun [14]

Answer:

voidable title

Explanation:

A voidable title is considered good and valid title until voided.  

For example, I purchase a PS4 from my nephew who is a minor and I sell it to my neighbor, and my neighbor purchased it on good faith. My nephew can decide to void the contract because he was a minor, but since I passed good title to my neighbor while the contract was valid, my neighbor doesn't have to return the PS4.

The difference with a void title is that a void title was never good and valid.

On the other hand, if I had stolen the PS4, I would never have good title over it, and I sell it to my neighbor. The rightful owner of the PS4 can claim it back and my neighbor must return it because the contract was void since I never had good title on the PS4.

3 0
3 years ago
A state whose fiscal year ends June 30, 2019, had the following transactions and events. For each item, compute how much total e
inn [45]

Answer:

$3,750,000

Explanation:

The total amount of expense = current salaries +accrued salaries

The total amount of expense = $3,600,000+ $150,000

The total amount of expense= $3,750,000

The salaries are those expenses that are paid from the current financial resources. If the salaries are not being paid in the current year due to any reason it will be an accrued expense to the company and has to be paid in next year.

4 0
3 years ago
Which type of banking system did the Federal Reserve Act of 1913 establish?
miskamm [114]

Answer:

A. A system composed of twelve privately owned regional banks that were regulated by the Federal Reserve Board

Explanation:

The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.

Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.

Hence, the type of banking system that the Federal Reserve Act of 1913 establish is a system composed of twelve privately owned regional banks that were regulated by the Federal Reserve Board.

Like all central banks, the Federal Reserve is a government agency that is saddled with the following responsibilities;

I. The Fed controls the issuance of currency in United States of America: it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.

II. It provides banking services to all the commercial banks in the country because the Federal Reserve is the "lender of last resort."

III. It regulates banking activities in the United States of America: it has the power to supervise and regulate banks.

Also, the Fed is saddled with the responsibility of selling government securities such as treasury bills to the public.

8 0
3 years ago
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