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Outbound sales representatives receive a $20 commission on all new customers they sign up for new magazine subscriptions. Each outbound sales representative works 40 hours. During a weekly competition, the outbound sales representative who sold the most subscriptions was awarded a $125 bonus. Because these employees are paid solely on commission, the employer must ensure that they earn the federal minimum wage for 40 hours each week. Compute the gross pay for each of the following outbound sales representatives.
Hobson acquires 40% of the outstanding voting stock of Stokes Company on January 1, 2008, for $210,000 in cash. The book value of Stokes's net assets on that date was $400,000, although one of the company's buildings with a $60,000 carrying value, wa..
Benson Plastics Company deposits all receipts and makes all payments by check. The following information is available from the cash records: Calculate the amount of the April 30: Outstanding checks
Prepare adjusting journal entries as of December 31. Was factory overhead under- or overapplied for the year? Factory overhead is applied at a rate of 80% of direct labor costs.
He has spent the last month working with employees in the plant to change over the machines more quickly with the same reliability. He plans to produce 117,000 units of J25P and 48,500 units of J40X in the first quarter
Which incentives do managers have to act in the stockholder's interest? Name two and explain each in one or two sentences.
As a benefits manager, how might the potential demise of Social Security affect the decisions you make regarding other benefits that you have the option of providing to your employees? How might it affect your company's human resource planning proces..
Canberra Company uses a job order cost accounting system. During the current month, the factory payroll of $234,000 was paid in cash. The amount of labor classified as direct labor was three times greater than the amount classified as indirect labor...
What impact would accepting this special order have on operating profitt and should Maria accept the order?
Which of the following budgetary approaches starts with line-item expenditures and applies a factor approximating the inflation rate to most items, unless specific information is available to suggest a different factor be applied?
ABC, Inc. is adopting IFRS for the first time, effective December 31, 2016. Their opening statement of financial position will be as of January 1, 2014. The IASB has issued a new standard that is effective as of January 1, 2016.
Assume that the company has an opportunity to invest in a new technology that would increase its fixed costs by $5,000. If everything else in the budget remains the same, should the company invest in the new technology?
Tom usually incurs 350 direct labor hours per month. The average shoe repair requires 1.25 labor hours to complete. Tom wants to earn a 40 percent margin on his cost. What should be the average charge per customer, rounded to the nearest dollar to..
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