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The company pays its employees at the end of the day Friday for work done during that five-day work-week. Total wages for a week are $16,000. In the current year, December 31 occurred on a Tuesday.
a. Make the adjusting entry necessary on the company's books on December 31 with respect to unpaid employee wages.
b. Make the journal entry necessary on Friday, January 3, of the following year to record the cash payment of wages for the week. Ignore the New Year's holiday season and assume that employees worked each of the five days. Note: When making this entry, don't forget the adjusting entry that was made on December 31.
How are franchise fees, royalty fees, and KKM&D sales with these joint ventures reflected in the Company's consolidated financial statements? What issues might arise in analyzing intercompany sales transactions?
the following list in alphabetical order shows the various items that regularly appear on the financial statements of
Mark Wilson, chief of personnel, has been instructed to increase the hiring of women at the Morton Cement Company.
If the yield on the Standard & Poor's Preferred Stock Index declines, how will the price of the preferred stock be affected?
a. Determine the budgeted manufacturing overhead rate for each department. b. Prepare the necessary journal entries to summarize the March transactions for Department 100. c. What is the total cost of Job A?
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Quiltworks company reported actual sales of $2,000,000, and fixed costs of $450,000. The contribution margin ratio is 30%.
Do an Internet search to identify the types of games and business simulations that are available. Select one and provide a description and an analysis of it. Discuss the learning content objectives.
the management team is interested in knowing what potential vulnerabilities exist for your environment. take this
Big Al's Pizza Managerial Accounting Part Seven: Using net present value (NPV) analysis compare the present value of the lease payments with the cost of buying the equipment to replace the leased equipment as explained in Part Seven. Assume a 10% ..
northwest airlines applied mathematical models to determine which customers in its database were currently responsible
Quick Finance assessed a finance charge of 6% of the total accounts receivable factored and retained an amount equal to 2% of the total receivables to cover sales discounts.
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