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Question - Dainty Ltd has an average weekly payroll of $200 000. The employees are entitled to 2 weeks', non-vesting sick leave per annum. Past experience suggests that 56% of employees will take the full 2 weeks' sick leave and 22% will take 1 week's leave each year. The rest of the employees take no sick leave. a) Calculate the expected annual sick-leave expense for Dainty Ltd (on the basis of average salaries). b) Provide the journal entry necessary to recognise the sick-leave entitlement expense as it accrues each week. c) In the current week an employee with a weekly salary of $600 has been off sick for the first time this year. The employee took 2 days off out of her normal 5-day working week. Assuming that PAYG tax is deducted at 30%, what would the entry be to record the employee's weekly salary (round amounts to the nearest dollar)?
The manager of a hardware store decides to use the EOQ with shortages model to determine the ordering policy for tape measures. Using economic considerations, the manager determines that she should use an order quantity of Q = 30 and have a maximu..
You are required to: present one graph that shows the profit of the company as a whole and the contribution earned by each of the three products.
What impact should the discovery have on how she proceeds with the audit? How should the findings be reflected in her audit opinion report
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grover corporation purchased a truck at the beginning of 2014 for 93600. the truck is estimated to have a salvage value
The annual production and sales of Product A is 2,300 units and of Product B is 1,300 units. There are three activity cost pools, with estimated costs
Approximately how much should be reported in both the Insurance Expense and Prepaid Insurance after an adjusting entry is made on January 31?
for each of the following cases indicate a to what rate columns and b to what number of periods you would refer in
Prepare a bank reconciliation. Journalize the necessary entries. The accounts have not been closed. Use the provided form on the following worksheet
In a particular recycling process, the break-even point for each batch occurs when 54 kilograms of raw material remain as unusable foreign matter.
although many governments prepare budgets for both capital projects and debt service funds the gasb does not mandate
rede inc. has two divisions. division a makes and sells student desks. division b manufactures and sells reading lamps.
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