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Problem - Vacation pay and pension benefits
Lutes Company provides its employees with vacation benefits and a defined contribution pension plan. Employees earned vacation pay of $25,500 for the period. The pension plan requires a contribution to the plan administrator equal to 8% of employee salaries. Salaries were $340,000 during the period. Provide the journal entry for the (a) vacation pay and (b) pension benefit.
What is Sylvester's AMTI if he used the home-equity proceeds to purchase a car
The following selected information is available for two competitors, Nike Inc. and Adidas AG: Calculate the (1) payout and (2) dividend yield ratios
Metallic Bearings is a young start-up company. Compute the current share price if the required return on this stock is 16%
poppycrock inc. manufactures large crates of microwaveable popcorn that are typically sold to distributors. its main
the following is monthly budgeted cost and activity information for the four activity centers in the billing department
Partners Ken and Macki each have a $40,000 capital balance and share income and losses in a 3:2. Cash equals $20,000, noncash assets equal $120,000, and liabilities equal $60,000. If the noncash assets are sold for $80,000, the Macki's capital acc..
What types of industries have unearned revenue? Why is unearned revenue considered a liability? When is the unearned revenue recognized
Explain how the firm's accounting information system (i.e., components and functions) contributed to the fraud and / or embezzlement.
Mary's customer has just went off track in their discussion, How important productivity ratio is to operation? How Mary has just effectively used
Calculate the cash collections from sales for the month of February
The preferred stock was issued for $166,490 cash. Prepare the stockholders' equity section of the balance sheet at December 31, 2014
Does the term last-in in the LIFO method mean that the items in the inventory are assumed to be the most recent (last) acquisitions? Explain.
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