Amount of accrued liability for compensated absences

Assignment Help Accounting Basics
Reference no: EM13152343

What is the amount of expense relative to compensated absences that should be reported on Ritter"s income statement for 2003? A. $0. B. $45,920. C. $50,400. D. $48,160. What is the amount of the accrued liability for compensated absences that should be reported at December 31, 2005?

A. $63,280.

B. $60,480.

C. $53,200.

D. $63,840.

Reference no: EM13152343

Questions Cloud

Explain how many tons of hydrogen are necessary to produce : if ammonia is obtained in 90% yield based on hydrogen, how many tons of hydrogen are necessary to produce 100 Mg of ammonia?
Draw a flow chart to represent the organizational : Draw a flow chart to represent the organizational relationships between the following terms from the modt inclusive to the least inclusive: ecosystem, population, species, community, and biosphere.
What is the specific heat for the metal : It takes 48.0J to raise the temperature of an 9.60g piece of unknown metal from 13.0c to 24.0. What is the specific heat for the metal? Express your answer numerically, in J/g.C
What do you think will happen to price of tablet computers : What do you think will happen to the price of tablet computers? Please explain. Whom do you think will reap most of the benefits of any technological innovations in tablets in the next five years; buyers or sellers? Please explain.
Amount of accrued liability for compensated absences : What is the amount of the accrued liability for compensated absences that should be reported at December 31, 2005?
How many proteins could you fit along : How many proteins could you fit along a 2000 bp long piece of DNA? Assume that the protein is a 3.4 nm cube and that the distance between two base pairs in a sequence is 3.4 Angstroms.
Controlling interest in consolidated total income : Without regard for this investment, Keefe independently earns $300,000 in net income during 2011. All net income is earned evenly throughout the year. What is the controlling interest in consolidated net income for 2011?
Rank the species from most closely related : Rank the species from most closely related to horseflies to most distantly related to horseflies. If two species are equally close in their relatedness to horseflies, overlap them.
Brief changes in diameter of the artery due to the pressure : When you feel a pulse, do you feel (a) the blood flow, (b) the pressure wave, or (c) brief changes in diameter of the artery due to the pressure wave? (post some literary source too)

Reviews

Write a Review

Accounting Basics Questions & Answers

  Total paid in capital after three months of operation

2,000,000 shares of capital stocks at $3 par value were issued the company issued half of the stock for cash at $8 per share, and earnded $90,000 during the first three months of operation, and declared a cash dividend of $15,000 what would be the..

  Compute operating income for april, may and june

Mile-High Foods, Inc., was formed in March 2011 to provide prepackaged snack boxes for a new low cost regional airline beginning on April 1.

  What should your company record as a gain from the sale

assume your company just sold a mainframe computer. The computer originally cost $300,000 and had accumulated depreciation of $100,000 on the date of the sale. Instead of the buyer paying cash, she gave you a $400,000 noninterest-bearing note due ..

  Inventory and beginning balance

Ponderosa acquired 100% control of Sumac on January 1, 2009. The purchase differential included $30,000 attributable to undervaluation of Sumac's inventory. Both Ponderosa and Sumac account for inventory using LIFO. Sumac's December 31, 2009 inven..

  Computing cost of common equity

The yield to maturity on the company's outstanding bonds is 9 percent, and its tax rate is 40 percent. Percy's CFO estimates that the company's WACC is 9.96 percent. What is Percy's cost of common equity?

  Problem related to contract

overhead costs applied to direct costs are 30%. a total of 3,500 meters were maintained. a private firm offers to do your PM for $10 a meter. Given the following information, should you contract out?

  What if a cahs receipt were applied to the wrong customer

What if a cahs receipt were applied to the wrong customer? Identify Internal control that would detect or prevent thid from occurring.

  Average property tax per unit at a sales volume

To the nearest whole cent, what should be the average property tax per unit at a sales volume of 42,900 units? (Assume that this sales volume is within the relevant range.)

  Explain a profit-sharing plan for employees

Giving each salesperson the compensation option of choosing either a low salary and a high- percentage sales commission or a high salary and a low-percentage sales commission.

  What is the required return using capm

If the expected value of the size factor is 4% and the expected value of the book-to-market factor is 5%, then what is the required return using the Fama-French three-factor model? (Assume that ai=0.0.) What is the required return using CAPM?

  Investments-stocks-shares and dividends

Big Brother Holdings, Inc. had the following available-for-sale investment portfolio at January 1, 2002. Prepare journal entries for each of the above transactions.

  Increase in the activity level

An increase in the activity level within the relevant range results in:

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