User Account

All Pages

Calculate the total profit or loss expenses

Assignment Help Accounting Basics
Reference no: EM133103561

Question - Rice Ltd agrees to contribute 5%of employees' total remuneration into a post-employment plan each period in the year ended 31 December 2022 the company paid total salaries of $10.5 million. A bonus of $3Million based on the income for the period was paid to the employees in march 2021.  The company had paid $510,000 into the plan by 31 December 2020.

Required - Calculate the total profit or loss Expenses for post employment benefits for the year and the accrual which will appear in the statement of financial position at 31 December 2020.

Reference no: EM133103561

Questions Cloud

Prepare an income statement for beginning with income : Chance's after-tax income "from its continuing operations is $750,000. Prepare an income statement for 2021 beginning with income from continuing operations
Research Paper on UNIX Operating System : Research Paper on UNIX Operating System from its creation to its influence - The research paper will be 4-5 pages long and utilize five academic resources
What is improbity : What is improbity? How does it relate to management accounting? Have you ever worked for a company where this become a problem
What is the correct accrued liability : The Accrued Compensated Absences account at the beginning of the period is P360,000. What is the correct Accrued Liability
Calculate the total profit or loss expenses : Calculate the total profit or loss Expenses for post employment benefits for the year and the accrual which will appear in the statement of financial position
Prepare the journal entries on ben and week books : Prepare the journal entries on Ben's and Week's books if Ben transfers to Week land with a book value of $100,000 and a fair value of $150,000
By what amount would this donation cause total shareholders : The share was originally issued for P18 per share. By what amount would this donation cause total shareholders' equity to decrease
Ethical implications and cultural considerations : Ethical Implications and Cultural Considerations - Identify why we observe, what are they for and what are they used for
Evaluate the effectiveness of current risk management policy : Evaluate the effectiveness of the current risk management policy that will be undertaken by the company to protect its business value

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd