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Joe makes $40,000 per year as an exempt employee. She worked 25 hours of overtime in the month of March. Payday for wages earned in the month of March is April 7. Ignoring Federal and State income tax withholdings, how much would he receive for September net of Social Security and Medicare taxes? What journal entry would be made on March 31 for wages owed to Joe? What journal entry would be made when he is paid on April 7?
How does the balance scorecard approach differ from tradtional approaches to performance measurement? What, if anything, distinguishes the Balance scorecard approach from a "measure everything, and you might get what you want" philosophy?
What do you do if you are unable to determine internal controls? Which do you think is most important?
Moston enterprises sells three chemicals petrol, septine and tridol. Petrols units contribution margin higher than the septine which is higer than tridons which one of the following events is most likely to decrease the company's overall break eve..
Plum's basis in the computers is $70,000, and their fair market value is $250,000. What is Plum's deduction for the contribution of the computers (ignoring the taxable income limitation)?
What was the amount of the gain or loss on retirement of the bonds? Prepare the journal entry needed at April 1, 2011 to record retirement of the bonds. Assume that interest and premium discount amortization have been recorded through January 1, 20..
Examine the corporate financial decision-making procedure at your selected organization (Walt Disney). In your analysis be sure to address the following items:
Why do you think present value is an important concept for management to understand? Do you think it should be used for all financial statements items, why or why not?
The Walstore Shoe Market had $1,875,000 of shoe sales and its cost for these shoes was $688,000. In addition, the Shoe Market received $5,000 of corporate bond interest and $6,000 of interest on State of California bonds.
Roxanne is an aerobics (Jumping Jacks) instructor. She submitted a list of her business expenses to you. The list includes: DVD player $500; CD Music $500; Leotards and Tights $500; Towels $500; Mats $500. Which expenses would you allow?
Winrow Co. purchased 50, 6% Johnston Company bonds for $50,000 cash plus brokerage fees of $500. Interest is payable semiannually on July 1 and January 1. The entry to record the December 31 interest accrual would include:
Office Supplies has assets equal to $137,000 and liabilities equal to $110,000 at year-end. What is the total equity for office Supplies at year-end?
Upstate Water Company just sold a bond with 50 warrants attached. The bonds have a 20-year maturity and an annual coupon of 12%, and they were issued at their $1,000 par value. The current yield on similar straight bonds is 15%. What is the implie..
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