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Problem 1: What liability account is reduced when the employees are paid?
A) Income Tax Payable, CPP Payable, EI Payable
B) Wages and Salaries Expense
C) Wages and Salaries Payable
D) Payroll Taxes Payable
Problem 2: If the employees have had $300 in CPP contributions and $400 in EI contributions deducted from their paychecks, then the amount to be remitted to the Receiver General would be (excluding income taxes)
A) $700.
B) $860.
C) $1,164.
D) $1,560.
Baker Company estimates annual overhead costs to be $1,050,000 and that 200,000 machine hours will be operated. Using machine hours as a base,
Harder Company manufactures a product that sells for $50 per unit. Harder incurs a variable cost per unit of $30 and $3,400,000 in total fixed costs to produce this product. It is currently selling 200,000 units. Should Harder give a commission to it..
If London needs to have a total return of 0.23 during the year, then what is the dollar amount of income that she needed to have to reach her objective?
What is Rio Tinto's weighted average cost of capital? ?Rio Tinto has 15 million preference shares on issue, which are currently trading for $3.20 each.
Find the net present value (NPV) for the following series of future cash flows, assuming the company's cost of capital is 6.29 percent.
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Calculation of Adjustment Entries for COLO COMPANY Work Sheet For Month Ended May 31, 2005
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Prepare T accounts to record the amount the company spent on new film and television production during the year (assume all expenditures are paid for in cash).
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