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Question: 1. Chester Co.'s salaried employees earn four weeks vacation per year. It pays $192,000.12 in total employee salaries for 52 weeks but its employees work only 48 weeks. This means Chester's total weekly expense is $4,000 ($192,000y48 weeks) instead of the $3,692.31 cash paid weekly to the employees ($192,000y52 weeks). Record Chester's weekly vacation benefits expense.
2. Perfect Systems borrows $94,000 cash on May 15, 2011, by signing a 60-day, 12% note.
1. On what date does this note mature?
2. Suppose the face value of the note equals $94,000, the principal of the loan. Prepare the journal entries to record (a) issuance of the note and (b) payment of the note at maturity.
james lives in maryland but works in virginia. john lives in virginia but works in maryland. john believes he has been
spitfire company was incorporated on january 2 2011 but was unable to begin manufacturing activities until july 1 2011
As a manager, you may be tasked with making recommendations as to how your organization should structure its transfer pricing. This is especially true in cases when both variable or full cost transfer pricing is acceptable, and the choice is not ..
Access the SEC EDGAR database (www.sec.gov) and retrieve Polaris 2011 10-K (filed February 27, 2012).
What direct labor hour input (hours per unit) could Terracotta allow and still achieve its profi t goal?
wainwright corporation had the following activities in 2012. 1. sale of land 249600 2. purchase of inventory 875100 3.
Equipment was purchased for $46,400 with an estimated life of 8 years and a residual value of $4,000. What is the depreciation expense for the first year.
The following December 31, 2013, fiscal year end account balance information is available for the Stonebridge Corporation:
a local credit card company receives a constant flow of cash from its customers. the checks are deposited continuously
Why are investors risk-averse? How can investors deal with different degrees of risk? What is the expected return on a portfolio? How can the expected return on a portfolio be manipulated to minimize the risk on that portfolio?
Prepare the Wang cash budget for 2014. Date the budget simply "2014" and denote the beginning and ending cash balances as "beginning" and "ending."
required to use the following case study and complete the tasks that are listed at the end of it
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