The indication for where the fact came from is called citation
Answer:
$359.72
Explanation:
In this case , the gross pay will the pay per hour mulitplied by hours worked.
=46 X $7.82
=$359.72
We do not have enough information to answer this, You would also need to know how often the interest is paid.
Answer and Explanation:
The computation is shown below;
1-a
Current liabilities:
Acccounts payable $54,000
Income tax payable $15,000
Liability for withholding taxes $1,000
Rent revenue collected in advance $11,000
Wages payable $11,000
Property tax payable $7,000
Note payable $13,000
Interest payable $700
Current liabilities $112,700
1-b
Total assets $530,000
Less: Non Current assets $306,000
Current assets $224,000
Less: Current liabilities - $112,700
Working capital $111,300
2.
In the case when the company reported $250,000 as the contingent liability so it should not be impacted as they are not yet recorded
Answer:
Letter b is correct.<em> A monopolistically competitive firm faces competition from firms producing close substitutes.</em>
Explanation:
<u>Monopolistic competition</u> is an economic situation that occurs when companies exhibit imperfect competition, that is, companies market similar but not identical products, which characterize them as substitute but not perfect substitute products.
Products may have different variables, such as quality, price and reputation in the market. The greater the degree of product differentiation, the more price control the company will have.