User Account

All Pages

How much is the accrued salaries as of december

Assignment Help Financial Accounting
Reference no: EM133140593

Question - ABC Co. pays salaries twice a month and does not pay salaries in advance. Employees work five days a week (Mondays to Fridays) and compensation is computed on these working days. In December 2021, ABC Co. paid the second semi-monthly salaries on December 26 which falls on a Friday. The next non-working holiday is on New Year's Day WS has 100 employees who earn P4.000 per day. WS's cost accountant identified that 70% of salaries incurred pertain to the production of goods. How much is the accrued salaries as of December 31, 2021?

Reference no: EM133140593

Questions Cloud

Application of stakeholder management : Application of stakeholder management within the context of program management. Provide specific examples to support your discussion
Calculate the number of common shares issued : On August 31 and November 30, 8,280 and 5,640 common shares were issued, respectively. Calculate the number of common shares issued at December 31, 2021
Hat is earnings per share : What is earnings per share (EPS)? What does it measure? Is it better to have a higher or lower EPS? State your reasoning
List at least three possible vendor management issues : List at least three possible vendor management issues (either contractual or relationship in nature) with any cloud service provider
How much is the accrued salaries as of december : WS's cost accountant identified that 70% of salaries incurred pertain to the production of goods. How much is the accrued salaries as of December 31, 2021
Calculate the size of the new monthly payments : Calculate the size of the new monthly payments if the mortgage is renewed after 5 years at 2.25% compounded semi-annually
Which project should be chosen and what is its npv : If Quorex has a cost of capital of 14% for these projects, which project, if either, should be chosen, and what is its NPV
Compute gain or loss on futures contract on december : The broker requires an initial margin deposit of Php10,000. Compute Gain or loss on futures contract on December 31, 2021
What is the carrying amount of the bonds on december : On October 1, 2021, POGI Company purchased 4,000 of the P1,000 face amount, What is the carrying amount of the bonds on December

Reviews

Write a Review

Financial Accounting Questions & Answers

  By what amount credits to Lebron capital and James Capital

The closing entry for net income on December 31, 2021 is a debit of Income Summary for P180,000 and credits to Lebron capital and James Capital by what amount

  Analyzing the capital requirements for reynold corporation

Suppose Reynold follows the residual model and makes all distributions as dividends. How much retained earnings will it need to fund its capital budget

  Does contract exist between conroy and blackburn

On November 23, Blackburn, a dress manufacturer, mailed to Conroy a written and signed offer to sell one thousand sundresses at $50 per dress. The offer stated that it would "remain open for ten days" and that it could "not be withdrawn prior to that..

  Determine what is the dollar amount of dividends received

Lee purchased, What is the dollar amount of dividends that he received for owning the stock during the year? Round to two decimal places.

  Accounting treatment-including any required disclosures

In August, 2010, a worker was injured in the factory in an accident partially as the result of his own negligence. The worker has sued Wesley Co. for $800,000. Counsel believes it is reasonably possible that the outcome of the suit will be unfavorabl..

  Discuss the issue of measurement

With reference to the conceptual framework, and the debate over measurement in accounting. Using your allocated company discuss the issue of measurement

  What would be the asset turnover if given are sales revenue

What would be the Asset Turnover if the given are sales revenue of 172,000 and total assets at the end of the year amounting 87,000

  Calculate the lease receivable that there ltd will recognise

The building is in the records of There Ltd at its fair value of $535,212. Calculate the lease receivable that There Ltd will recognise on 30 June 2020.

  What is yield to? maturity for abner? corporation

Abner? Corporation's bonds mature in 21 years and pay 9 percent interest annually. If you purchase the bonds for ?$1,225?, what is your yield to? maturity?

  How much could be saved by retirement time

If he deposits, interest bearing account earning a nominal annual interest rate of 12%, compounded quarterly, how much could be saved by retirement time?

  What is personal finance

What is personal Finance? How important the consumer protection law in relation to finance? Discuss the role of money personal

  Expected to be collected in the month of sale

Woodpecker Co. has $296,000 in accounts receivable on January 1. Budgeted sales for January are $860,000. Woodpecker Co. expects to sell 20% of its merchandise for cash. Of the remaining 80% of sales on account, 75% are expected to be collected in th..

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