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Question - Sala joined the company 7 years ago. She is entitled to 13 weeks of long service leave after completing 10 years of service with the company.
Her current salary is $50,000. Salaries are expected to grow by 2% for the next 5 years.
Sala is 80% certain that she will not leave the company in the next 5 years.
High quality bonds with a 5 year term have an interest rate of 6% and high quality bonds with a 3 year term have an interest rate of 4%
Required -
a) Calculate the company's long service leave liability relating to Sala.
b) Prepare all journal entries relating to long service leave, assuming there is already a balance of $4,000 in the account.
Pam and Lenny's ice cream shop charges $1.45 for a cone. Variable expenses are $0.28 per cone, What is the operating income for the second week of February
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anita vasquez received 130000 from her mothers estate. she placed the funds into the hands of a broker who purchased
The information provided by a low-quality financial report will most likely: A. decrease company value.
Larkspur Inc. manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction of a new plant to meet.
Prepare the stockholders' equity section of the Balance Sheet for Shelly Corporation at Dec. 31, 2014. Assume retained earnings is $23,000
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