How do company custom and practice affect

Assignment Help Accounting Basics
Reference no: EM13995272

1. Under what conditions should an employer accrue an expense and the related liability for employees' compensation for future absences? How do company custom and practice affect the accrual decision? 

Reference no: EM13995272

Questions Cloud

How should the expense and related liability be recorded : Salaries of $5,000 have been earned by employees by the end of the period but will not be paid to employees until the following period. How should the expense and related liability be recorded? Why?
Many people believe trade deficits are a serious problem : Many people believe trade deficits are a serious problem and need to be eliminated. Explain the three actions the Fed could take to reduce the trade deficit in the U.S., and explain carefully how these actions would result in a reduced trade deficit.
Find the minimum height h required for the marble : The moment of inertia of the marble depends on its radius. Explain why the answer to part (a) does not depend on the radius of the marble. Essay answers are limited to about 500 words (3800 characters maximum, including spaces).
Trade deficits have an effect on inflation : The U.S. economy experienced large trade deficits in the 1980s and 1990s and tremendous economic growth in the mid- and late-1990s. Trade deficits have an effect on inflation. Explain the relationship between trade deficits and investment verbally an..
How do company custom and practice affect : Under what conditions should an employer accrue an expense and the related liability for employees' compensation for future absences?
Consider relationship between interest rates and inflation : Consider the relationship between interest rates and inflation. Explain the difference between real and nominal interest rates. If the Fed takes actions that will change interest rates, how is this likely to affect inflation?
Relationship between interest rates and unemployment : Explain the relationship between interest rates and unemployment. How do changes in the interest rate affect the level of unemployment in the economy?
Evaluate the effectiveness of the marketing activities : Choose an organization (either the one you are currently employed or the previous one) and briefly discuss its recent marketing objective(s) and activities. Evaluate the effectiveness of the marketing activities
Economy by relating real gdp and the price level : The AD/AS model describes changes in the economy by relating real GDP (output) and the price level. Compare and contrast the Keynesian portion of the AD/AS model with the classical portion of the AD/AS model, and explain how the level of production i..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Both nondeductible contributions to a traditional ira and

both nondeductible contributions to a traditional ira and contributions to a roth ira are similar in the sense that

  Alameda service center just purchased an automobile hoist

alameda service center just purchased an automobile hoist for 14000. the hoist has a 6 year lifeand an estimated

  Review exercise calculate retained earnings

Review exercise calculate retained earnings. From the following data, calculate the Retained Earnings balance as of December 31, 2013:

  What is the cost of equity for ziegler supply

The market rate of return is 10.8 percent and the risk-free rate is 4.1 percent. What is the cost of equity for Ziegler's Supply?

  The units are not damaged and can be resold therefore they

prepare all february journal entries and adjusting entries 0201 included in wwcs february 1 accounts receivable balance

  What are some factors that must be considered

What are some factors that must be considered before making a special order, make-or-buy, and/or keep-or-drop decision?

  Betty whose tax rate is 33 is in the business of breeding

betty whose tax rate is 33 is in the business of breeding and racehorses. except for the transactions below she has no

  The sales manager believes the company could increase sales

fox companyprojected income statementfor the year ending decemeber 31 2004revenues400000variable costsvariable

  How is fedex performing

How is FedEx performing? How, if at all, does its performance and plans affect your assessment of the sustainability of UPS=s current performance?

  If direct labor-hours are considered as the only overhead

blitzer enterprises has identified three cost pools and three corresponding cost drivers to allocate overhead costs.

  Compute the total cash budgeted to be collected

Compute the total cash budgeted to be collected in March if sales forecasts are $370,000 for January, $420,000 for February, and $460,000 for March. The answer has 5 boxes with the following choices to be calculated in addition to total cash colle..

  On july 1 gandolfo inc a company which uses the accrual

on july 1 gandolfo inc. a company which uses the the accrual basis of accounting and is on a calendar year for

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!

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