Answer:
A. True
Explanation:
Bank loans are generally short term for meeting the working capital needs, that depends upon the operating cycle of a company.
Usually that keeps on rotating and extending, as the banks keep on earning interest and the funds are usually not needed, this results in the constant support for business.
Further this facility is only provided to the clients who are performing good and that the clients are viable.
If the balance sheets of the client depicts that they are not financially viable then the bank do not extend the time limits and tries to recover the funds as soon as possible.
Answer:
Cost of merchandise sold = $483 , Closing stock = $227
Explanation:
Perpetual inventory system includes updates done, when sale or purchase transaction happens
Opening Stock = 26 units (price 15). Value = 26 x 15 = 390
Sale = 13 units, price 15. So, sales cost value = 13 x 15 = 195
Purchase = 20 units (price 16). Value = 20 x 16 = 320
Sale = 18 units, price 16. So, sales cost value = 18 x 16 = 288
Total sales cost value, or cost of merchandise sold = 195 + 288 = 483
Closing stock = Opening stock + purchase - sales cost
= 390 + 320 - 483
= $227
Answer:
Withheld from employee pay.
Explanation:
Your paycheck stub should show the following withholdings:
1) The Federal Insurance Contributions Act (FICA) taxes include:
- Social security tax rate for employees is 6.2% (for all income up to $132,900)
- Medicare tax rate for employees is 1.45% (for all income up to $200,000, above that an extra 0.9% is collected)
2) Federal income taxes (depends on income bracket)
3) State income taxes (depends on state taxes and income brackets, not all states collect them)
4) any other local or city taxes
Answer:
Letter e is correct. All of the listed responses are parts of a sustainable economy.
Explanation:
In a sustainable economy, people are much more aware of the preservation of nature's depleted resources, and the well-being of current and future generations, which induces companies to meet the demands of new conscious consumers by creating " green products "and the use of new technologies to reduce the negative impacts of production on the environment.