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The end of the first bi-weekly pay period of the year, Rockin Company's payroll register showed that its employees earned $14,000 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $2,600 of federal income taxes, $309 of medical insurance deductions, and $120 of union dues. No employee earned more than $7,000 in this first period. Prepare the journal entry to record Rockin Company's January 14 payroll expenses and liabilities.
Discuss the potential risks of adopting lean production. Does its application depend on company culture and business condition?
a company purchased goods on credit with credit terms of 315 n45. although the company does not have cash available to
Calculate the depreciation for these trucks for the 2010 and 2011 years under each of the following depreciation methods. The trucks are expected to accumulate 60,000 and 70,000 miles in years 2010 and 2011 respectively.
The bonus was awarded at the December board meeting based on Vera's threat to accept a better paying job with a competitior. What amount may Brunettes deduct?
mathias company manufactures a number of specialized machine parts. part bunkka-22 uses 35 of direct materials and 15
Prepare a new income statement for the year using variable costing. Comment on the differences between the absorption costing and the variable costing income statements.
the blue corporation started and completed 4800 units during february. blue started the month with 700 units in process
helena furnishings wants to sharply reduce its cash conversion cyle. which of the following steps would reduce its cash
Vince's Pizza delivers pizzas to dormitories and apartments near a major state university. The company's annual fixed costs are $48,000. The sales price averages $9, and it costs the firm $3 to make and deliver each pizza.
"The difference between practical capacity and master-budget capacity utilization is the best measure of management's ability to balance the costs of having too much capacity and having too little capacity." Do you agree with this statement? Why o..
Nearly a week before Hurricane Katrina reached New Orleans, Wal-Mart began moving trucks and supplies into position, as specified in the company's ________ plan.
as you have learned in this weeks readings the accounting equation is assets liabilities owners equity. is the
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