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Point 1: Teddy Fields is the kitchen manager at the Tanron Corporation International Headquarters. The facility he helps manage serves 3,000 employees per day. Teddy very much needs an additional dishwasher. He is now interviewing Wayne, who is an excellent candidate with five years of experience and who is now washing dishes at the nearby Roadway restaurant.
Point 2: Teddy normally starts his new dishwashers at $10.00 per hour. Wayne states that he currently makes $11.25 per hour, a rate that is higher than all but one of Teddy's current dishwashers. Wayne states that he simply will not leave his current job to take a pay cut.
Question 1. Should Teddy offer to hire Wayne at a rate higher than most of his current employees? Why or why not?
Question 2. Assume you answered no to question one above; what would you say to Wayne?
Question 3. Assume you answered yes to question 1 above; what would you say to your current dishwashing employees if in the future Wayne shared his pay information with them?
Purpose a post-closing trial balance and Journalize and post the adjusting entries.
At the beginning of 2017, Waterway Company acquired a mine for $1,676,600. Of this amount, $110,000 was ascribed to the land value and the remaining portion to the minerals in the mine. The total amount of depletion for 2017. The amount that is charg..
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Twice Shy Industries has a debt-equity ratio of 1.4. Its WACC is 9.4 percent, and its cost of debt is 6.7 percent. The corporate tax rate is 35 percent.
How to improve the persistency of the accrual component of earnings - Maybe investors should focus on this measure, instead of earnings, in valuation. Perhaps Best Sell should report this figure on the income statement. Eh?
Bob and Cindy Smith paid the following medical expenses during the year (all in excess of reimbursement). Hospital and doctor bills: $800 Medicine and drugs: $700 Hospitalization insurance premiums: $6,000 Medicine and drugs (for dependent mother, ag..
Prepare an Income Statement, Statement of Retained Earnings and a Balance Sheet. Prepare closing entries in journal format and post to the T Accounts. Prepare a Post-Closing Trial Balance.
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