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Auto Company's sales employees earned salaries of $20,000 during February 1-7, all of which are subject to %7.65 OASDI and HI tax withholdings. In addition, Auto Company has agreed with its employees to withhold the following amounts: $800 for hospital insurance, $3,200 for federal income taxes, and $240 for union dues. Which of the entries should be journalized to accrue the payroll?
you are auditing a company that owns twenty percent of the voting common stock of another corporation and uses the
XYZ Company has forecasted June Sales of 600 units and July sales of 1000 units. The company maintains ending inventory equal to 125% of next month's sales. June inventory reflects this policy. What is June's required production?
1. on january 1 2005 wintz corporation acquired machinery at a cost of 600000. wintz adopted the straight-line method
give four examples of overhead expenses which may be common infactory overheads as well as in administrative overheads
the h i and j partnership was about to enter liquidation with the following account balancescash90000. noncash
If the store produces $170,000 in gross sales in a month, what is the percentage rent in that month? What is the total rent due for the month?
woodmier lawn products introduced a new line of commercial sprinklers in 2008 that carry a one-year warranty against
A company grosses $100 million per year and shows a 12 percent profit. It hires a security director, a security staff, and security equipment, which costs the company $2 million per year but reduces its losses, or "shrinkage," from 9 percent to 5 ..
Several years ago, Joy acquired a passive activity. Until 2006, the activity was profitable. Joy's at-risk amount at the beginning of 2006 was $250,000. The activity produced losses of $100,000 in 2006, $80,000 in 2007, and $90,000 in 2008. During..
how would you allocate additional 5 million? are there other areas in which to spend the money not mentioned in the
Madison Industries is a manufacturer of sweaters. The information for March is as follows: Prepare a production cost worksheet using the weighted-average method. Include any necessary supporting schedules.
loreal-american corporation purchased several marketable securities during 2013. at december 31 2013 the company had
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