Answer: the correct answer is $210,000. The months is which the service was given were June, July, August, September, October, Nevember, December. The total service is $360,000 which means it is $30,000 monthly. (360,000 divided by 12). $30,000 times 7 months is $210,000.
Explanation: If a company is using the accrual basis accounting method it has to record its earned revenue when services are rendered, even though cash may be received at a later date..
Answer:
Total deduction 2,443.21
Explanation:
8,288
x 6.20% Sccial Security 513.856
x 1.45% Medicate 120.176
x 6.20% FUTA&SUTA (for 7,000) 434
Income tax witheld 1,375.17
Total deduction 2,443.21
We will multiply his taxable wages for period by the tax rate.
We must noticew FUTA and SUTA applies fdor the first 7,000 only so we multiply by 7,000 not by 8,288
Answer: Option D is correct.
Explanation:
The value of an investment is the present value of its expected future cashflow.
In economics, an investment is said to be goods purchased that are not consumed presently, but are kept for the future to create wealth.
In the area of finance, an investment is a financial asset acqured with the motive that the asset will yield income in the future or would sometime later be sold at a higher price for a gain (profit).
Hi I am not quite sure but I think it might be a i’m in middle school so don’t trust me on this one
