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pay roll account kept under Zero Balance System . calculate pre tax
Slimware is considering establishing a zero-balance system for its payroll account. Currently, the firm pays its hourly employees every week on late Friday afternoon and puts a check for $750,000 in the bank to cover the payroll each Monday morning. Slimware has determined that the checks clear its bank as follows:
Day
Percent clearing
Monday
26%
Tuesday
51%
Wednesday
14%
Thursday
7%
Friday
2%
What is the annual pretax return to Slimware if the firm can earn 9% on any funds released from employing the zero-balance system? Assume the company has 52 weekly pay periods each year.
Cost flow assumptions - FIFO and LIFO using a periodic system. Mower Blowers coy started business on Jan 20, 2009. Products sold were snow blowers and lawn mowers. Each product sold for $350
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Rose still owes half of the amount of its purchases to Haylay, but had sold all of the inventory it had acquired from Hayley by the end of the year. What the amount of consolidated cost of goods sold at end of the year?
question rod corporation purchased 100 ownership of stafford corporation on january 1 20x4 for 65000 which was 10000
question 1. research the reporting requirements for lease reporting under gaap and international financial reporting
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