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Question - An employee has been earning $18/hr and regularly works 100 hours each monthly pay period. Due to the completion of union negotiations, as of October 1st, she will now earn $19.80/hr retro-actively, effective from April 30th. Assume the employee was being taxed @ 20% before her increase and will now be taxed @ 25%.
Note - the employee will not max out CPP & EI deductions. Ignore vacation.
Required - Calculate the gross retro-active payment owing and all applicable statutory deductions, assuming the employee will receive the retro-pay on a separate cheque from her regular monthly earnings.
depreciation expense of $10,000 was recorded. What is the net cash provided by operating activities for the year
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Use Calcbench or other public resources, Determine the accounting set of rules (GAAP) the foreign and domestic companies use to prepare financial statements.
Rachael and Ray form an equal partnership R&R on January 1, 20X1. Rachael contributes $100,000 in exchange for her one-half interest; Ray contributes land worth $100,000. Rays adjusted basis in the land is $30,000. Which of the following statement..
Compute the weighted-average number of common shares used in computing earnings per common share for 2019 on the 2020 comparative income statement
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The director of a small business development center located in a mid-sized city is reviewing data about its clients. In particular, she is interested in ex- amining if the distribution of business owners across the various stages of the business l..
If income before bonus and taxes for the year is estimated to be $100,000, which bonus plan would company executives prefer
The leased asset was on the books of Company Z when it entered into a sales-leaseback arrangement. The Machine cost $100,000 and had accumulated depreciation.
Primack Pharmaceutical Corporation buys three chemicals that are processed to produce two types of analgesics used as ingredients for popular over-the-counter drugs.
During 2020, 940,000 points were issued. Sales for 2020 were $340,000. What is the impact of the point redemptions on profit and cash flow
Upon further examination, you find that it is paying 7.4% interest on its long-term bonds. Which conclusion below is appropriate for the Sauron Co.?
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