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The payroll records of Mortimer Inc. revealed that all the employees worked an average of 48 hours in the month of June. Each worker received $7.20 an hour for the first 40 hours per week and $10.80 for the eight hours overtime. In May, some employees had been paid as much as $8.00 per hour for the first 40 hours, but the company reduced the scale when female employees complained that men were being paid more for the same work. The records also revealed that the plant manager and personnel manager worked as many as 60 hours per week but did not receive overtime pay. Discuss any legal problems that may exist in this scenario.
Develop a scorecard and dashboard illustrating the key indicators and send the samples and a memo to the board members
Dawson Corporation transferred $80,000 of accounts receivable to a factor without recourse. The factor charged a 12% fee and the companies agreed that $4,000 is a rreasonable estimate for returns and allowances on the accounts. Calculate the amount o..
In 2010, Alpha Centuri recorded an adjustment of $110,000 due to the overstatement (from mathematical error) of 2009 depreciation expense. Prepare a retained earnings statement for 2010.
Your business uses the allowance method to account for uncollectible receivables.- What is your year-end balance in Allowance for uncollectible accounts?
The Scarborough Corporation manufactures and sells two products: Thingone and Thingtwo - Revenue and production budgets.
Freight charges and insurance while in transit totaled $900 and sales tax was $500. Insurance, taxes, and maintenance costs for the first year of use were $3,000.
A fund manager states: "I refuse to buy any company that makes a voluntary accounting change, since it's certainly a case of management trying to hide bad news." Can you think of any alternative interpretation?
What is the net present value of the proposed investment ignore income taxes and depreciation and assuming a 5-year straight-line depreciation, how will this impact the factory's fixed costs for each of the 5 years (and the implied product costs)? ..
descriptive question on variable and fixed costs and cvp analysis.1.nbsphow do variable costs and fixed costs differ?
prepare a cash budget and a schedulenbsp of expected cash collections for the data furnished below.jodi horton
Show that any rational number a/b , between 0 and 1, can be written as an Egyptian fraction. Can an irrational number between 0 and 1 ever be expressed as an Egyptian fraction? Why?
This is first time Mike agreed to such a payment and he is obligated to outfit one trip per year for next three summers starting this year. How much income must Mike identify in each of the next three years if he is attempting to reduce his tax bu..
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