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Cindy Lou makes $30,000 per year as an exempt employee. She worked 15 hours of overtime in the month of September. Payday for wages earned in the month of September is October 7. Ignoring Federal and State income tax with holdings, how much would she receive for September net of Social Security and Medicare taxes? What journal entry would be made on September 30 for wages owed to Cindy? What journal entry would be made when she is paid on October 7?
Depreciation expense-equipment
Average cost per unit is $1.425 at the 16000 unit level of activity and $1.38 at the 20000 unit level of activity. What is the variable cost per unit
Prepare schedules for expected collections from customers and expected payments for direct materials purchases - prepare a cash budget for January and February in columnar form.
The partnership of Michele and Mark is considering the following long-term capital investment proposal. Compute the cash payback period for the project
You are the plaintiff in a lawsuit. Your legal counsel advises that your eventual victory is inevitable. "You will be awarded $12 million," your attorney confidently asserts. Describe the appropriate accounting treatment.
Tax planning for an S Corporation starts with the election and continues with the operation of the corporation.
Question 1. What ate the main differences among the aggregate planning strategies? Question 2. What are some obstacles to creating a flexible workforce? What are the benefits?
what is sunk cost? under what circumstances are sunk costs relevant to a decision? provide an example of a sunk cost.
Describe the components of the common body of tax law (CBOTL). Include in your response answers to the following questions: What role does the U.S. Congress play in creating the tax law? Briefly explain how a tax bill becomes a tax law.
You needed some reversing entries this time! Why do you need reversing entries? What are some common reversing entries? Do the reversing entries belong in a previous period, a current period, or a future period and why?
Why do economists often use a lower poverty threshold for low-income countries than for high-income countries such as the United States? Is there a difference between relative poverty and absolute poverty? Briefly explain.
palmer corporation issued 3000 7 5-year 1000 bonds dated january 1 2012 at face value. interest is paid each january
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