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Problem 1: A consultant is paid a salary of $40,000 per year. Her employer's share of CPP is 4.95% and of EI is 2.52%. Assuming that the consultant works 230 days per year and is productive for 75% of that time, her daily cost rate to the company is closest to
Select one:
a. $140b. $173c. $249d. $187
Problem 2: Grant & McKenzie is a firm of financial advisors that needs to calculate an hourly rate to charge customers for its services. The average salary cost for its advisers is $50,000. The employer's share of CPP and EI is paid to the government as 4.95% and 2.52%, respectively. Each adviser has a four-week annual holiday and there are 10 days per year when the firm closes for holidays. Each adviser is expected to do 25 chargeable hours of work per week for clients; the remainder of the 40-hour week is spent on administrative work. What hourly rate (to the nearest hour) would cover the cost of each financial adviser?
a. $43.78b. $46.72c. $41.33d. $29.20
The market interest rate for bonds of similar risk and maturity is 6%. Record the bond issue and first interest payment on June 30, 2018
Audio Giant received an order of Sirius XM satellite radios listing for $9,500 with trade discounts of 15/11/9. What is the amount of the trade discount
Assume XYZ completes the renovation in February 2019. When does economic performance occur? When can Elppa deduct the $200,000 payment
acer corporation which applies manufacturing overhead on the basis of machine-hours has provided the following data for
Required - Prepare GraNOLa Corporation's journal entries for the current and deferred portions of income taxes for 2021 and 2022
Revenues and other operating costs are expected to be constant over the project's 10-year expected operating life. What is the project's Year 3 cash flow
Corona beer is the number one imported beer into the United States, and has developed into a global brand (General Distributors, Inc., n.d.). Corona created its competitive advantage through an innovative marketing strategy.
Find the slopes the tangent lines to the curve of at points where x = 1 and x = 2 Then find the acute angle between these lines at the point where they cross.
An obligatory 6% preference share dividend was announced on 1/9/2017. Prepare the journal entries to record share issue
Actual selling price: $7.50, $10.50. Budgeted selling price: $5.50, $10.50. Actual Sales Mix: 69%, 31%. Budgeted Sales Mix: 75%, 25%. What is the total sales-volume variance of revenues?
Prepare a memorandum to the client, recommending a type of business entity, including an appendix of supporting IRS tax schedules and forms.
Calculate the dividends paid per share to both the preferred and the common shares in 2020 assuming preferred shares are cumulative
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