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MrMuchimi
2 years ago
12

During January, the following selected transactions occurred.

Business
1 answer:
tester [92]2 years ago
5 0

Answer:

The journal entries are given as follows;

Explanation:

Jan 5

Cash               Dr.$20,520

Sales Tax Payable 20,520-(20,520/1.08) Cr.$1,520

Inventory                                                      Cr.$19,000

Unearned Service Revenue    Dr.$12,000

Service Revenue         Cr.$12,000

Employee payroll Expense      Dr.$452,000

Social Security payable                    Cr.$3,978

Federal Income Tax  payable           Cr.$5,686

State Income Tax payable                Cr.$1,706

payroll Expenses payable        (452,000-3,978-5,686-1,706) Cr.$440,630

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Why should we hire you? Is this a behavioral, situational,&/or job knowledge/worker requirement interview question
Ivenika [448]

Answer:

It's a behavioral and situational question.

Explanation:

4 0
2 years ago
Tuller wants to start a commercial trucking business and also wants to form his own limited liability company (LLC). Tuller, as
sweet-ann [11.9K]

Answer:

d, all states, as no state requires at least two members to create an LLC

Explanation:

The requisite of two members to create an LLC was removed from all states in the USA. Now, all states allow a single-member LLC. Massachussets was the last one to eliminate that requisite in 2003.

Maybe this change in laws was because owners cheated on that requisite by placing as the two members (owners) a man and his wife, or a woman and her husband, or some other person (in direct relation with the owner) which was just placing the name but the company actually belonged to only one member.

4 0
2 years ago
Indicate how each of the following transactions affects U.S. exports, imports, and net exports.
Oxana [17]

Answer:

 export               import                net export  

1. increases         unchanged         increases

2. unchanged       increases             decreases

3.  unchanged       increases             decreases

4. unchanged       increases             decreases

5. increases         unchanged         increases

Explanation:

export would comprise of goods and services produced in the US that are been sold to foreign countries

Import would comprise of foreign produced goods and services that are been sold in the US

Net export would increase when export occurs and decrease when import occurs

Net export = exports – imports

When the French historian visits the US museum and the European family visits Disney,  they are enjoying US services, thus export increases and net export increases

The purchase of books from Cambridge in UK, Panasonic camera and the visit to Japan constitutes import. These increases import and reduces net export

7 0
2 years ago
Activities in the business modeling discipline and the ____ discipline are primarily concerned with building models of the organ
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Answer:

The correct answer is Requirements.

Explanation:

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Provide system developers with a good understanding of system requirements. Define the limits of the system (delimit it).

Provide a basis for planning the technical content of the iterations.

Provide a basis for estimating the cost and time to develop the system.

Define a user interface for the system, focusing on the needs and goals of the users.

To achieve these objectives, it is important, first of all, to understand the definition and scope of the problem that the system is trying to solve. Stakeholders are identified and stakeholder requests are obtained, gathered and analyzed.

From there, the work products of the requirements are developed to fully describe the system (what the system is going to do) in an effort that perceives all stakeholders, including customers and potential users, as important sources of information ( in addition to the system requirements).

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3 years ago
A company has two products: A1 and B2. It uses activity-based costing and has prepared the following analysis showing budgeted c
Mila [183]

Answer:

$4.00

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Overhead per unit of Product B2: $89,240/22,310 = $4.00

As our overhead unit of product

4 0
3 years ago
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