Answer and Explanation:
The journal entry to deposit the FICA and FIT taxes is as follows:
FICA OASDI $2,244.10
FICA HI $524.83
FIT W/H $6,515.00
To Cash $9,283.93
(Being to record deposit the FICA and FIT taxes)
Here the FICA OASDI FICA HI FIT W/H is debited and the cash is credited
So the same is to be considered
Santana Rey created Business Solutions on October 1,2015. The company has been successful, and Santana plans to expand her business. She believes that an additional $86,000 is needed and is investigating three funding sources.
(a) Santana's sister Cicely is willing to invest $86,000 in the business as a common shareholder. Since Santana currently has about $129,000 invested in the business, Cicely's investment will mean that Santana will maintain about 60% ownership, and Cicely will have 40% ownership of Business Solutions.
(b) Santana's uncle Marcello is willing to invest $86,000 in the business as a preferred shareholder. Marcello would purchase 860 shares of $100 par value, 7% preferred stock. (c) Santana's banker is willing to lend her $86,000 on a 7%, 10-year note payable. She would make monthly payments of $1,000 per month for 10 years.
Required: Prepare the journal entry to reflect the initial $86,000 investment under each of the options (a), (b), and (c).
Answer:
option a)
Dr Cash 86,000
Cr Common Stock 86,000
total common stock = $86,000 + $129,000 = $215,000
Santana owns $129,000 / $215,000 = 60% of common stock
Cicely owns $86,000 / $215,000 = 40% of common stock
option b)
Dr Cash 86,000
Cr Preferred stocks ($100 par value, 7%) 86,000
option c)
Dr Cash 86,000
Cr Notes payable, bank 86,000
1. What physical skills develop in the first year?
Answer:
Rolling on their tummy's, hand- eye coordination, standing up right, and being able to grasp their own shoes are some physical skills that are developed.
Explanation:
babies steadily gain weight and grow in length throughout this first year, often in growth spurts. Cognitive development . This means how the brain forms its abilities to learn and remember.
True or false: Contributions of property to a partnership generally result in the same type of deferral available to a sole shareholder's contribution of property to a corporation.
Answer:
True
Explanation:
The given statement is true because generally speaking, in contributions of property to a partnership, sole shareholder's and partners are usually treated with the same degree of deferral involved.
Define vocational training and vocation with examples.
Answer: If you're learning a skill that could lead to a specific job, like how to repair cars or how to be a chef, you're getting vocational training. Vocational means "related to a career." A vocation is a job or career, so something vocational is related to a specific kind of work. Vocational skills typically refers to occupations that you can learn with some basic training or on-the-job in lieu of a college degree. Electricians, truck drivers, hair stylists, medical records technicians and emergency medical technicians are some examples of occupations with vocational skills. Many trade schools focus on a specific career or industry. Types of vocational schools include:
Mechanical and automotive schools.
Business schools.
Culinary schools.
Art and design schools.
Cosmetology schools.
Education programs.
Health care schools.
Legal and criminal justice schools.
Hope this helps....... Stay safe and have a Merry Christmas!!!!!!!!!! :D
(credit goes to Indeed.com Vocational training.)
how can we make sure animal shelters have food and space
Answer:We can donate money or raise a fundraiser to get all the dogs who are in the shelter into a forever home or we can adopt a pet so there will be more space for a new dog to come.
Explanation:
What part of $40 is $15???
Answer:
2.66666666667 or 8/3
Explanation:
Bonnie is trying to decide between standard repayment and income-based repayment for her $30,000 student loans. Her job pays $29,500 per year. Which of the following statements is likely TRUE
Bonnie will likely pay more, total, if she goes with the standard repayment.
It's best for Bonnie to choose standard repayment, even if that means she's delinquent on some of her monthly payments.
Bonnie's monthly payments on the income-based plan will likely be lower than on the standard repayment plan.
Bonnie makes too much money to qualify for income-based repayment.
Answer:
Bonnie's monthly payments on the income-based plan will likely be lower than on the standard repayment plan.
Explanation:
I got it wrong and it gave me the answer
A credit union is a financial institution that:
A. accepts deposits and makes loans without earning profits.
B. offers short-term loans with high interest rates.
C. specializes in financial services for small businesses.
D. uses a person's car as collateral to secure a loan.
A credit union is a financial institution that accepts deposits and makes loans without earning profits. Thus the correct option is A.
What is a financial institution?A financial institution is structured authority that allows an individual to deposit and withdraw cash and allow them to borrow funds with a fixed interest rate for the purpose of investment.
With the offering of goods at reasonable fees and rates, financial institutions serve their members. This is how the credit union becomes a non-profit organization by converting interest and fees into things it delivers.
Real estate lending is a specialty of savings and loan organizations and savings banks, notably loans for separate homes and other residential properties.
Therefore, option A is appropriate.
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The problem with using ________ when trying to adjust for projects that are more risky or less risky than a firms average project is that these adjustments are extremely subjective and difficult to justify
Answer:
A risk adjusted cost of capital
Explanation:
In the case when there is any adjustment made with respect to the projects in terms of more risk or less risk as compared with the average project of a form. Also these type of adjustment would be subjective and difficult to justify so here the problem used the cost of capital i.e. risk adjusted as it can be seen that the more risk is there the higher return is there
Therefore the above is the answer
hence, the same is to be considered
A company is considering using a direct distribution strategy. What is a disadvantage of this distribution strategy?
Answer:
A direct distribution strategy refers to a company selling their goods directly to final consumers. Internet sales have made such a strategy possible for many companies, but there are still some problems and issues that need to be solved.
The main problem with direct distribution strategies is that they require a lot of work, and many times companies are not ready to carry them out. E.g. a company that generally sells their products using wholesalers will have only a few customers, but a direct distribution strategy means that the number of customers will increase dramatically.
NEED HELP!!
Taxes are payments to the blank the are required by law. You need to file a tax return each blank.
Answer:
year
Explanation:
Answer:
Government and year I believe
The table summarizes the education of four applicants for positions in the STEM career cluster. A 2-column table with 4 rows titled Summary of Degrees for Applicants Applying for the S T E M Career Cluster. Column 1 is labeled Applicant with entries Eli, Blake, Fiona, Zoey. Column 2 is labeled Degrees Earned with entries High school diploma, associate's degree; High school diploma, bachelor's degree, master's degree; High school diploma, bachelor's degree; High school diploma, bachelor's degree, doctoral degree. Which best describes the jobs each applicant could obtain with their educational background? Eli can work as an Astronomer, Blake can work as an Agricultural Engineer, Fiona can work as a Mathematician, and Zoey can work as a Conservation Scientist. Eli can work as a Civil Engineer, Blake can work as an Aerospace Engineer, Fiona can work as a Park Naturalist, and Zoey can work as a Materials Scientist. Eli can work as an Electro-Mechanical Technician, Blake can work as a Biochemist, Fiona can work as an Industrial Ecologist, and Zoey can work as an Archivist. Eli can work as an Electronic Engineering Technician, Blake can work as a Museum Conservator, Fiona can work as a Robotics Engineer, and Zoey can work as a Mathematician.
Answer:
C)Applicant 1 could be the Advertising Sales Agent, Applicant 2 could be the Survey Researcher, and Applicant 4 could be the Logistician.
Explanation:
The Logistician needs a minimum of an associates degree, but for working people prefer a Bachelors degree.
A Survey Researcher needs a Masters or PhD.
And although the Advertising sales agent has the high school degree and an associates degree the rest of the answers do not match. (An Advertising Sales Agent only needs a High school degree)
I'm not completely sure this is correct, but even if it's not it'll give you an idea of them! :D
Answer:
c i guess
Explanation:
which set of nails should i get??
Answer:3
Explanation:
The current market rate is 5.75% with an amortized monthly payment on $1000 to be $5.84. Your buyer want to get a loan for $150,000. What would his payment be
Answer:
The answer would be $876.00
Businesses and investors can better understand and predict their costs over time with the aid of amortization. An amortization schedule clarifies how much of a loan payment is made up of principal versus interest in the context of loan repayment.
What is an amortized monthly payment?A loan that is amortized requires the borrower to make regular payments that are divided equally between the principle and interest. The interest expense for the time is initially covered by an amortized loan payment; any remaining amount is applied to the principal debt.
For items like deduction for interest payments, this may be useful. Intangible asset amortization is crucial because it can lower a company's taxable income and, thus, its tax bill, while also providing investors with a more accurate picture of the company's genuine earnings.
Therefore, By dividing the loan amount by $1,000 and multiplying the result by the payment, you may calculate the monthly payment on a loan if you know what a payment on $1,000 would be. $150,000/$1,000 = $150 x $5.84 = $876
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what is the biggest health concern for employees of this company when it comes to technology
and what is a strategy the company could put in place to lower this risk?
Yelppp
Answer:Robots replace humans
Explanation:tjeteare will always remains some jobs woch can be done only by human hand.
The U.S. Congressional Budget Office has projected the debt-to-GDP ratio to increase dramatically in the future. One of the major reasons is the:
A.
projection of a high population growth rate.
B.
forecast of a recession.
C.
projected increasing health care costs for the aging population.
D.
forecast of negative economic growth.
Answer:
C. projected increasing health care costs for the aging population.
Explanation:
If the debt to GDP ration increases, it means that the country will owe more money compared to capacity of creating wealth. A common problem for several developed countries is that the proportion or retired people has increased compared to the total active labor force. This means that the number of people working or searching of jobs relative to the number of retired people has decreased. Even though retired people tend to have more accumulated wealth, their living expenses are also much higher. What makes this situation a problem is that retired people only have passive income, they do not have earned income. And generally speaking, passive income grows at a much lower rate that earned income.
This is why many developed countries started to implement immigration policies focusing on highly trained and educated applicants that can replace their native workforce.
What are 2 types of goods/services that lends themselves well to non-price competition?
Explanation:
3. Describe a time when you or someone you know experienced stress. What was the
stressor? What were the symptoms? (3-6 sentences. 1.0 points)
Answer
Once before I had to do exams and my father had me watching 3 kids while I was trying to study. I started getting tired and just wanted to give up and go to sleep. I continued trying to study but it was quite a bit of stress on me.
Explanation:
One month into a three-month lead generation campaign, it becomes clear your current plan to reach your goal of ten marketing qualified leads (MQLs) goal does not look feasible. What option will you present during next week’s meeting with your CEO?
Answer:
Explanation:
Using last months data adjust the goals so that they better meet the standards and feasibility aspect for the campaign period. This way the campaign will stand a much better chance of actually accomplishing the goals that have been set forth. By presenting this new plan to the CEO it shows that you have come up with a solution to the problem and can be easily implemented in order to get back on track as fast as possible, which is what a CEO wants to hear.
QUESTION 8 of 10: Your average weekly take home wage is $615. You take a one-week paid vacation and a second week unpaid vacatio
You have calculated your total annual expenses to be $31,320 per year. What is your cash surplus at the end of the year??
Answer:
$45
Explanation:
A surplus is when income exceeds expenses.
One year has 52 weeks. If one week was unpaid leave, then payments were received for 51 weeks.
Average payments per week = $615
Total earning per week =$615 x 51
=$31,365
The total expenses for the year were $31,320. The surplus amount will be income minus expenses
= $31,365 - $31,320
=$45
There is no such thing as "the law" in that law comes from many different sources.
Answer:
At both the federal and state levels, the law of the United States can be traced back to the common law system of English law, which was in force in the American colonies during the time of the Revolutionary War. Since then, U.S. law has diverged greatly from its English roots both in terms of substance and procedure. The main departure occurred when the United States ratified the Constitution in 1789. In effect, the Constitution and federal statutes and laws made in furtherance of the Constitution were established as “the supreme Law of the Land.” From that point on, the law of the land was no longer based on legal practices in England but became distinctly American and home grown. When the individual states ratified their state constitutions, the state legislatures obtained the power to establish state law, or the “Law of the State.” Together, this collection of federal and state laws constitutes something we often refer to as the “body of law.” This body of law governs the behavior of individuals, businesses, and even governments. Just like the human body, the “body of law” is comprised of multiple parts, each performing an individual function while simultaneously working together as a whole. In this section, we will examine two of the most fundamental types of laws, followed by nearly every nation in the world: statutory law and common law.
Just say Hi For 50 points!
Answer:
hi
Explanation:
Answer:
Hiiiiiiiiiiiiiiii
Explanation:
hi hih ih hih hih hih hih ih
4.
If a person is self-employed and earns $70,000
annually, the person
A. does not have to pay federal income tax
because his salary is too low.
b. must pay estimated income taxes every
quarter.
C. is only responsible for paying FICA tax to
cover Social Security.
d. will not have to pay any local or state
taxes.
Answer:
B
Explanation:
That's the only one that is fair
How do you get people to back off
Answer:
tell them you'll beat am up lol
Answer:
Tell them "Yoooo get the f away or imma push you away"
who is the president of Nepal
Answer:
Explanation:
Vidya devi bhandari
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whaynesherbsandnaturalproducts.com
Answer:
wow it is good
Explanation:
"According to the Uniform Securities Act it is unlawful for an investment adviser to tell a client that the administrator:"
Answer:
According to the Uniform Securities Act it is unlawful for an investment adviser to tell a client that the administrator is explained below in details.
Explanation:
Any investment adviser needed to be enrolled to employ an investment adviser spokesperson unless the investment adviser spokesperson is enrolled following this act, present that the enrollment of an investment adviser spokesperson is not valid throughout any period when he is not contracted by an investment adviser recorded under this act.
A multinational corporation has manufacturing facilities in many Asian countries due to cheaper labor. Which strategy is the corporation using?
Answer:
acquisition of resources
Explanation:
The strategy that this corporation is using would be considered the acquisition of resources. This is what every multinational company does in order to cut down costs as much as possible. By pursuing and obtaining cheaper labor in a foreign country, the company is cutting down its overall costs. This can be done by also importing other resources from locations in which that resource is abundant meaning it is therefore much cheaper.
Which of these approaches will NOT accelerate the completion of a project?A. Improve the working method.B. Increase the bureaucratic oversight.C. Improve the productivity of existing project resources.D. Increase the quantity of personnel and equipment.
Answer:
B. Increase the bureaucratic oversight
Explanation:
In the cash when the project is finished earlier at the time where there is a large number of resources i.e. deployed also at that time the new methods are applied so that the work could be done in fastest way due to which the productivity of the present resources could be rised.
So here according to the given options, the Option B is correct as it does not accelerate the project completion
The same is to be considered
Sean has his high school diploma but no other schooling. What job is he most likely to get?
a. Interior designer
b. High school teacher
c. Food service worker
d. Psychiatrist
