Question
-Nana Company's employees earned wages totaling $30,000 in April. Withholdings included federal taxes of $2500, state taxes of $1500 and Social Security & Medicare at
-Nana Company's employees earned wages totaling $30,000 in April. Withholdings included federal taxes of $2500, state taxes of $1500 and Social Security & Medicare at 6.2% and 1.45%. Nana's FUTA taxes for the period were $180 & SUTA taxes were $500. Record the journal entries for April 31st if wages will be paid May 5th.
Given the following information, A) calculate each company's debt to equity ratio for the most current year B) which company had the greatest proportion of equity financing? This information gives the net sales, net income, total liabilities, and total assets for the year-end 12/30/12 and year-end 1/1/12. So I want to know the second question B) What is equity financing and how to calculate?
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