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Vacation pay and pension benefits
Lutes Company provides its employees with vacation benefits and a defined contribution pension plan. Employees earned vacation pay of $25,500 for the period. The pension plan requires a contribution to the plan administrator equal to 8% of employee salaries. Salaries were $340,000 during the period.
Provide the journal entry for the (a) vacation pay and (b) pension benefit.
Francisca wants to give its sales staff a $60,000 increase in salary but still wants to make the same net operating income. If Francisca gives this increase, by how much would sales at Francisca have to increase in order for the company to maintai..
jackie is considering buying a 2014 tesla model s costing 69900 and finds that the retaining values of the vehicle over
production records show that there were 490 units in the beginning inventory 30 complete 1540 units started and 1560
Ohio Corp. reported a deferred tax liability of $6,000,000 for the year ended December 31, 2012, when the tax rate was 40%. Income tax expense reported by Ohio on its year end December 31, 2013 income statement is:
Duncan Brooks, Co., needs to borrow $500,000 to open new stores. Brooks can borrow $500,000 by issuing 5%, 10-year bonds at a price of 96. How much will Brooks actually receive in cash under this arrangement? How much must Brooks pay back at matur..
Calculate the amount of operating expenses incurred by ABC Company during May. Do not use decimals in your answer.
many organizations have been in the news over the past few years due to accounting ethical breaches that have affected
You have a total of $411,016 in your retirement savings and have the funds invested such that you expect to earn an average of 7.10 percent, compounded monthly on this money throughout your retirement years.
kalox inc. manufactures an antacid product that passes through two departments. data for may for the first department
In each of the following independent situations involving transfers of tangible property, determine which transfer pricing methods applies and compute a transfer price using the appropriate method. Show all of your computations.
Charles River Company has just sold a bond issue with 10 warrants attached. The bonds have a 20-year maturity, an annual coupon rate of 12.0 percent, and they sold at their $1,000 par value.
Compute the cost to retail percentage used by New York Sales Inc.
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