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Pablo Management has six part-time employees, each of whom earns $220 per day. They are normally paid on Fridays for work completed Monday through Friday of the same week. They were paid in full on Friday, December 28, 2013. The next week, the six employees worked only four days because New Year's Day was an unpaid holiday. a. Prepare the adjusting entry that would be recorded on Monday, December 31, 2013.
b. Prepare the journal entry that would be made to record payment of the employees' wages on Friday, January 4, 2014.
Explain the components of cost-volume profit analysis. What does each of the components mean?
consider the following data fixed costs 10000000. variable cost per inpatient day 400. what revenue per inpatient day
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On the first day of the current fiscal year, $1,000,000 of 10-year, 7% bonds, with interest payable semiannualy were sold for $1,050,000. Present entries to record the following transactions for the current fiscal year:
x company manufactures a single product and estimates its direct manufacturing costs each month. it is estimated that
How much overhead is allocated? What is the over/under absorbed overhead?
The assets were so specialized that there was not an objective basis to determine a fair value. In cases like this, the FASB suggest that company record the asset at:
the following direct materials and direct labor data pertain to the operations of batista manufacturing company for the
mr. and mrs. gumball are both over age 65. they had income this year consisting of 8500 earned income and 1500 in
Should employee create a retirement portfolio consist of diversified investments as no-load mutual funds and exchange traded funds?
jane botosan operates a bed and breakfast hotel in a resort area near lake michigan. depreciation on the hotel is 60000
A firm has purchased, for 50,000 FCs, an electric generator from a foreign firm. The exchange rates were 1 FC = $0.80 on the delivery date and 1 FC = $0.76 when the payable was paid. What is the final recorded value of the payable if the two-trans..
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