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Question - Lawrin is a real-estate salesperson whose compensation is commission-only. She earns a 3% commission on the sale price of each house that she sells and receives 1.5% commissions at the end of each month (the broker retains the rest per the employment agreement). During the month of July, Lawrin sold two houses totaling $437,780. What is her gross pay for the month of July?
Prepare journal entries under both the cost and equity method of accounting for the investment in Q Ltd for each of the years ended 30 June 2019 to 30 June 2020
1.stockholders equity consists ofa contributed capital and par value.b premiums and discounts.c contributed
Using the double declining balance method and fractional year monthly amortization, answer the following questions:
As a result, Carrie lost a tooth, had to undergo root canal treatments, and must now wear a full-coverage crown to replace the tooth. Is the store liable for the damage? Why?
You were just informed that they rate just increased to 3.5 percent as inflation has picked up. What is your monthly payment now
What is a non-controlling interest, and how should it be disclosed? How are non-controlling interests affected by intra-group transactions
Nova Salon Company issued 120-day note with a face amount of $68,400 to Osborne Hair Products Company for merchandise inventory. Determine the proceeds of note
How does the basis calculation of an S corporation shareholder basis differ from a partner and a partnership?
If the debtor wants to settle these two debts by making a single payment after three years, what is the single payment, assuming money is worth 8% compounded
Du Pont Identity Finley Fire Prevention Corp. has a profit margin of 7 percent, total asset turnover of 1.94, and ROE of 23.70 percent. What is this firm's debt-equity ratio?
Insurance expense recognized during the year 218,750. What was the total amount of cash paid by Castle for insurance premiums during the year
Mutt Butter, is an emerging company that manufactures and sells peanut butter treats for dogs. What is the Net Income for Mutt Butter
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