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For the year ended 30 June 2007 Jon payment summary shows a salaryof $40000, with tax installment deductions of $18600. Jon did notquote her TFN to her employer. She also received net bank interestof $535 after the bank had deducted $465 from the interestpayable on a fixed interest term deposit. Jon had not quotedher TFN to the bank. Her allowable deductions were nil. CalculateJon's taxable income for the year ended 30 June
a flower shop makes a large sale for 1000 on november 30. the customer is sent a statement on december 5 and a check is
Management's inventory policy is to have ending inventory equal to 1.4 times the cost of sales for the subsequent month, although it is estimated that the cost of inventory at March 31 will be $170,000.
Of the several uses of standard costing, one of the most controversial is using these standards for performance evaluation of an individual, team, or unit. Consider the labor efficiency variance and assume it is one of the measures for a company's..
is the wacc an average concept or a marginal concept in your opinion? should we use the historical wacc or the marginal
Received $1,000 from customers as deposits on orders ofnew instruments to be sold to the customers in April. Complete the following statement.
a company estimates that ordering costs are 4.00 per order picking costs are 3.00 per unique item ordered packing costs
Delta Company's flexible budget formula for overhead costs is $100,000 per month foxed costs plus $26.00 per unit variable costs. Standard volume is 5,000 units a month. Actual overhead costs for June were $280,000, and output was 6,000 units.
calculate the value of direct material and variable overheads per unit from the details below assuming variable
Leister Auto Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $15,540. All sales are subject to a 5% sales tax. Compute sales taxes payable, and make the entry to record sales taxes payable an..
The Raw Materials Inventory account is 1. debited for purchase discounts taken. 2. debited for invoice costs and freight costs chargeable to the purchaser.
dacahr bros. inc. is an automobile maintenance and repair company with outlets throughout the western united states.
1 we expense internally generated intangible assets such as research and development and advertising costs as we incur
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