Amount of vacation to be accrued

Assignment Help Accounting Basics
Reference no: EM13141020

Mark typically works 40 hours/week at $15/hour regular pay and receives four weeks of vacation. This week he worked 50 hours as his employer asked him to work Saturday to take care of the Christmas backlog. Determine the following:

1. The amount of vacation to be accrued.

2. The amount of overtime pay Mark would say he has earned.

3. The amount of pay Mark earned.

4. The amount of overtime pay we will determine Mark earned .

5. The account charged for the overtime we paid Mark.

Reference no: EM13141020

Questions Cloud

Illustrate what is the npv after taxes : Assume that the MACRS schedule assigns an equal amount of depreciation to each of the first 27 years and ½ year-to-year 28. The PV at 10% of $1 of cost recovery spread over the 28 years in this way is $0.3372. Illustrate what is the NPV after Tax..
Determining capital structure in balance : Fauver Industries plans to have a capital budget of $650,000. It wants to maintain a target capital structure of 40% debt and 60% equity, and it also wants to pay a dividend of $375,000.
What is one likely physical finding : A tumor is pressing against the superior orbital fissure on one side. Name one cranial nerve likely to be affected? What is one likely physical finding?
Describe and discuss : Describe and discuss how the redesigned network needs to operate, the possible network design solutions and why the new design is more suitable for the introduction of mobile devices.
Amount of vacation to be accrued : Mark typically works 40 hours/week at $15/hour regular pay and receives four weeks of vacation. This week he worked 50 hours as his employer asked him to work Saturday to take care of the Christmas backlog. Determine the following: 1. The amount o..
Which financial statement does the input come from : Name one and explain how it is computed? Which financial statement(s) does input come from? Most importantly, what does it tell you about the financial performance or health?
Illustrate what was barbell net cash flow : The statement also shows that the company has depreciation and amortization expenses equal to $50,000 and taxes equal to $120,000. Illustrate what was Barbell’s net cash flow?
Apply some of the concepts : You are expected to apply some of the concepts/ models or theories used in the course as well as secondary research (eg. periodicals, trade publications, newspapers etc).

Reviews

Write a Review

Accounting Basics Questions & Answers

  How are changes in the fair value of an option

how are changes in the fair value of an option accounted for in a cash flow hedge? in a fair value hedge?

  Find variable overhead efficiency variance

You have been asked to prepare an analysis of the overhead costs in the order processing department of a mail order company like Harriet Carter Corporation. As an initial step, you prepare a summary of some events that bear on overhead for the mos..

  Consolidated balance sheet at the date of take-over

For each of the three concepts described in the chapter, what value would be attributed to this land in a consolidated balance sheet at the date of takeover?

  How many brackets should jasper produce

Finished goods inventory at the end of last December was 200 units. Ending finished goods inventory is equal to 25 percent of the next month's sales. Jasper Company expects to sell the brackets for $45 each. How many brackets should Jasper produce..

  Explain if this concept is relevant for personal finance

Why is it important to understand the difference between an originating temporary difference and permanent difference in a company? Explain if this concept is relevant for personal finance. ( Intermediate Accounting)

  Statement as the net income or loss

Byron incurred a loss on November 30 sale of $220,000. Ignoring income taxes, what amount should be reported in the 2010 income statement as the net income or loss under 'discontinued operations'?

  What is the proper amount to be reported on imperial foods

Imperial Foods checkbook balance on December 31, Year 1 was $122,400. In addition, Imperial held the following items in its safe on December 31.

  Determining pension worksheet-journal entries

Using the above information for ABC co., prepare a pension work sheet for 2008. Indicate (credit) entries by parentheses. Calculated amounts should be supported. Prepare the journal entries to reflect the accounting for the company's pension plan f..

  Advise the directors of chance ltd

Advise Nathan if there is a valid contract with Dubious Connections Pty Ltd, and any remedies that may be available to him. (Make reference to relevant case law and support your answer).

  Softball team as a form of advertising

A new employee suggests that RedEx sponsor a company softball team as a form of advertising. The cost to sponsor the team is $1,792. How many more units must be sold to cover this cost?

  Contribution plan-defined benefti plan

From an employer's point of view, what is preferred a defined contribution plan or a defined benefit plan. What are the cash ramifications as well as reporting requirements?

  Identify problems for capital project

H2O Innovations: Identify a new capital project. Describe the project and problems you are going to have in estimating the cash flow that might be emanating from the initial investment and problems in getting it funded. Issues might be:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd