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Question - A company has a fortnightly payroll of $200,000. On average, 50% of the employees take their full entitlement of two weeks sick leave, 30% take half of their full entitlement and 10% take only one day of sick leave per year.
The company deducts 20% income tax and 10% for superannuation. All deductions are paid out by the 15th of the following month.
Assume the pay period ends on Friday 3rd July and the financial year ends on 30th June. What is the annual fortnight sick leave expense?
compute the roi for each department. use the dupont method to analyze the return on sales and capital turnover. round
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Joe reported his share of partnership income of $1,000, and he took a cash distribution of $100. What is Joe's basis at the end of the year
Assess the type of subsequent event and how each would impact Lifetime Tours' financial report for the year ended 30 June 2018, if at all.
1.On January 15, the end of the first biweekly pay period of the year, North Company's payroll register showed that its employees earned $ 35,000 of sales salaries
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Provide three examples of common misconceptions that clients may have regarding the role of the auditor in an audit of financial statements
What is the amount of the total adjustment they must make to their net income of $54,000 to complete the calculation
What position in options should BNB take (buy calls, buy puts, sell calls, sell puts) to hedge its interest rate risk exposure? Explain how your position works.
The CHS Company has provided the following information: Accounts receivable written-off as uncollectible during the year amounted to $11,900.
Prepare the necessary journal entries on Saxton's books to report the above information for 2016 assuming Saxton
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