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Preston Co., which has a taxable payroll of $700,000, is subject to FUTA tax of 6.2% and a state contribution rate of 5.4%. However, because of stable employment experience, the company’s state rate has been reduced to 2%. What is the total amount of federal and state unemployment tax for Preston Co.?
Explain how should the company recognize the sales price of $300,000 upon the delivery and the completion of the installation?
Prepare the September 9 entry to establish the fund and (2) the September30 entry to both reimburse the fund and reduce it to $300.
An examination of the cost records of the Williams Furniture Company reveals that the materials price variance is favorable but the materials quantity variance is unfavorable by a substantial amount. Illustrate what might this indicate?
Preparation of journal entries to record issue of shares and dividend and Prepare journal entries to record the above transactions.
Sun estimates the fair value of the recourse liability at $150,000. Illustrate what would be recorded as a gain (loss) on the transfer of receivables?
Computation of production cost with given data and sea Company reports the following information regarding its production cost.
Adopt an investment strategy that seeks to maximise both financial return
The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, thus, can be ignored.
Prepare a report that will be of more value in analyzing and appraising the performance of the manager of Department D for October. Comment on the operating results.
If this estimate of the percentage completion is used, what would be the Cost of Goods Sold for the year?
-Show whether Mirna is behaving in a professional manner, Does this really make a difference, find what would you do if you Mirna
The risk-free rate is 4%. The expected market rate of return is 11%. If you expect stock X with a beta of .8 to offer a rate of return of 12 percent, then you should.
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