Design a salary slip for the month of December 2021
Q: Based on the data in Table 11.10 determine:a) How many weeks of fin ished goods were on hand at the ...
A: Inventory turnover days is the number of days in which inventory is sold or held by the business dur...
Q: 3. Pagadian, Inc. reported the following during the year: P400,000 proceeds of life insurance of an ...
A: In case of cash basis of accounting we should recognise revenue and expenses as and when received an...
Q: Cullumber Blossom Corporation Corporation 2022 2022 Net sales $1,815,000 $620,000 Cost of goods sold...
A: The ratio analysis helps to analyze the financial statements of the business with various assets, li...
Q: Indicate the financial statement on which each of the following items appears: income statement, sta...
A: income statement is a statement that is prepared by the company to know the net income on by the com...
Q: The bank reconciliation shows the following adjustments. Deposits in transit: $1,698 Notes receivab...
A: Solution: bank reconciliation is prepared to reconcile the balance of cash as per bank statement and...
Q: 1. The initial cost of a paint sand mill, including its installation is P 700,000.00. The BIR approv...
A: Hi student Since there are multiple questions, we will answer only first question.
Q: On January 1, 2020, Stellar Corporation issued $590,000 of 9% bonds, due in 8 years. The bonds were ...
A: >Bonds Payable are the source of finance for the companies. >The bondholders are entit...
Q: XYZ Inc Combined (carrying amounts) (fair values) Identifiable assets 9,600,000 6,400,000 16,000,000...
A: On business combinations, we add all the assets and liabilities of the entities and prepare a single...
Q: Based on the data in Table 11.10, you have been asked to determine:a) The company's percentage of as...
A: Common size analysis is one of the analysis which shows each item of balance asset as a percentage o...
Q: Interest Receivable at 1/1/20x1 was $7,000. During 20x1, Cash received from borrowers for Interest (...
A: Adjusting entries are those journal entries which are passed at the end of accounting period for the...
Q: Question 2 Kimono Bhd purchased a piece of land and a building near the Menara Kuala Lumpur for RM20...
A: 1. Computation of initial valuation of each asset Kimono Bhd. Particular RM Land and Building...
Q: Required information Exercise 5-19 (Algo) Prepaid expenses—insurance LO 10 Skip to question [The ...
A: Prepaid expenses are those expenses which are related with future period of time, but amount has bee...
Q: ABC and XYZ Inc had the following balance sheets on December 31, 2021: (see image below) On January ...
A: solution given Purchase price 40000 Fair value of current assets of XYZ 26000 Fair v...
Q: ou are a merchandising company. Please make a random list of accounts with their balances that you ...
A: Merchandising company is that company which deals in purchase and sale of merchandise and this type ...
Q: B6. LO 7.3Record the following transactions in the purchases journal: Feb. 2 Purchased inventory...
A: Solution Concept Purchase journal A purchase journal is a prime book of entry It is used to record t...
Q: Common Shares for P40,000 in cash. On that date, XYZ’s Current Assets and Fixed Assets were worth P2...
A: Dfrttt
Q: Cash ccounts receivable quipment ccounts payable . Lawson, Capital $ 11,500 I. Lawson, Withdrawals 5...
A: Solution: Statement of owner's Equity is a statement which represents beginning and ending balances ...
Q: Comparative financial statement data for Cullumber Corporation and Blossom Corporation, two competit...
A: Net income (NI), also known as net earnings, is calculated by deducting sales from the cost of goods...
Q: estion 3. A company has peting one another under consideration and provides you the following inform...
A: Incremental Cash Flows: It the cash flow because of taking a new project. It can be positive or nega...
Q: Determine the ending balance of each of the following T- accounts. Cash Accounts Payable 250 200 3,5...
A: All assets normally have a debit balance. All liabilities normally have a credit balance. All equity...
Q: PROBLEM: MAY 1 Mr. Tan obtained the funds to start the business by withdrawing P900,000 from his per...
A: Accounting equation refers to the equation which provide basics of bookkeeping as it allows to recor...
Q: ABC and XYZ Inc had the following balance sheets on December 31, 2021: (see image below) On January ...
A: This question is related to a business combination. We have to determine first the Goodwill or gain ...
Q: If a company receives $10,800 from the owner to establish a proprietorship, the effect on the accoun...
A: When a proprietor makes investment to start a business it is known as capital contribution. Money i...
Q: ABC Company experienced a decline in the value of its inventory in 2020 which resulted in a write-do...
A: Net realisable value means value at which inventory can be sold or replaced by the business. Invento...
Q: 1. Journal Entries 2. Cost of Production Report for Department 1 and 2 for the month of June 2021 3....
A: The question provides us with the data of units and the costs incurred under various elements in bot...
Q: Assume the following for Liana: Adjusted Trial Balance: Debit Credit Balance Accounts Receivable 24,...
A: Ledgers - After recording transactions in the journal next step is to transfer them into ledgers. Le...
Q: elocity, a publicly traded corporation with a calendar fiscal year, entered into an agreement with W...
A: The transaction price includes both the fixed amount and the variable amount. The fixed amount in th...
Q: Patron Bhd. is a company operating in an upstream exploration and production, focusing on the acquis...
A: As per Bartleby's guideline, three subparts of a single question have been solved. This question is ...
Q: 2017 Feb 3 Purchased equipment for $20000, signing a six-month, 9% note payable. Recorded the week's...
A: Journal is a book in which all business transactions are recorded in this book first, therefore this...
Q: Exercise 17-11 (Algo) Computing product cost per unit using plantwide method and activity-based cost...
A: The activity based costing is used to apply overhead cost to products on the basis of different acti...
Q: First Quarter First Quarter Second Quarter Second Quarter 25-Dec-21 25-Sep-21 25-Dec-21 25-Sep-21 26...
A: Vertical analysis is an analysis method in which each figure of the financial statement is compared ...
Q: 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 0.9901 0.9804 0.9709 0.9615 0.9524 0.9434 0.9346 0.9259 0...
A: The answer is stated below:
Q: S1-9 Brazos Medical, Inc., ended 2019 with cash of $24,000. During Brazos earned net income of $120,...
A: Statement of Cash Flow show the inflow and outflow of cash during the year. In Statement of Cash Flo...
Q: 6. ABC and XYZ Inc had the following balance sheets on December 31, 2021: (see image below) On Janua...
A: Solution Requirements how much is the Goodwill arising from this Business Combination how much is th...
Q: Required information Exercise 5-19 (Algo) Prepaid expenses—insurance LO 10 Skip to question [The ...
A: Step 2 in solution.
Q: Part A Anne York is a sole trader who started the business of buying and selling furniture in Brig...
A: Disclaimer:- “Since you have asked multiple question having multiple sub-parts we will solve the fir...
Q: On December 1, 2021, ABC Company acquired all the assets and liabilities of XYZ Inc. issuing 100,000...
A: Fair Value of net-assets acquired is equal to total assets minus total liabilities of the company. G...
Q: The photo given below is the horizontal analysis of Apple Inc income statement for two quotas. Discu...
A: Financial analysis is the one widely used by companies to determine the company's profitability over...
Q: PLKO Co. factored P160,000 accounts receivable to NCD Financing Corp on a with recourse basis on Jan...
A: Factoring is the facility wherein the company sells its account receivable to third party called fac...
Q: Comparative financial statement data for Oriole Corporation and Pharoah Corporation, two competitors...
A: Net income refers to the earnings of the company after accounting for all the operating and non-oper...
Q: The following information has been taken from the cost records of DEF co. for the past year: Raw Mat...
A: Raw material used in production = Beginning inventory of raw + Purchases of raw material - Ending in...
Q: ____1. Initial amount recognized as right of use asset ____________2. Initial amount recognized as ...
A: A Lease agreement is a contract between the lessor and the lessee whereby the lessor who is the owne...
Q: ABC and XYZ Inc had the following balance sheets on December 31, 2021: (see image below) On January ...
A: Considerations Paid 40000 Current Assets - 26000 Fixed Assets - 54000
Q: Refer to the arrangement in part (b). It would help YellowCard secure lease agreements with students...
A: Journal entry is a process of recording and classifying business transactions into books of accounts...
Q: Titabllity ratios (LO4-1oj The following condensed information was reported by Peabody Toys, Inc., f...
A: 1) Profit margin on sales =( Net profit/ sales) x100 Profit margin on sales =( 228/5,400)x100 =4.2%...
Q: Which of the following is not a true statement with regard to a merger? a. one entity continues to ...
A: Merger refere to the unity of two companies to a single company under one name. It is formed as a se...
Q: An assumption inherent in a company’s IFRS statement of financial position is that companies recover...
A: IFRS are the international financial reporting standards which describes the rules and principles ab...
Q: March 1 Brooks invested $195,000 cash along with $24,000 in office equipment in the company. March 2...
A: 1. Date General Journal Debit Credit Mar 01 Cash 195,000 Office equipment ...
Q: The earbuds are sold in cases, with each case containing a pair of earbuds. The last quarter (Octo...
A: Income statement refers to the one of the financial statement which is prepared in determining the c...
Q: relates to CEE Company: (Refer to image). Assuming CEE Company used the conventional retail inventor...
A: The value of goods still available for sale and held by a company at the end of an accounting period...
Design a salary slip for the month of December 2021 with information given below.
Fixed vs variable ratio- 70:30
Ctc - 18L
Basic- 50%
Hra- 20%
Da - 12%
Travel allowance- 2000
Insurance - 2500
Incentive- 75% target completion
Pf 12%
Earned leaves - 2
LOP - 4
Step by step
Solved in 2 steps
- design a salary slip for the month of march 2021 with information given below. fixed vs variable ratio- 70:30 ctc - 20l basic- 50% hra- 20% travel allowance- 2000 insurance - 2500 incentives with 75% target completion pf 12% earned leaves - 7Design a salary slip for the month of December 2021 with information given below. Fixed vs variable ratio- 70:30Ctc - 24LBasic- 50%Hra- 22%Da - 12%Travel allowance- 2000Insurance - 9800Incentive- 75% target completionPf 12%leaves - 4 ( 2 permitted)Design a salary slip for the month of December 2021 with information given below. Fixed vs variable ratio- 70:30Ctc - 24LBasic- 50%Hra- 22%Da - 12%Travel allowance- 2000Insurance - 9800Employee has completed 75% of the target Pf 12%leaves - 4 ( 2 permitted) Reimbursement - 2500
- Design a salary slip for the month of March 2021 with information given below. Fixed vs variable ratio- 70:30 Ctc - 20L Basic- 50% Hra- 20% Travel allowance- 2000 Insurance - 2500 Incentive with 75% target completion Pf 12% Earned leaves - 7Design a salary slip for the month of December 2021 with information given below. Fixed vs variable ratio- 70:30 Ctc - 18 L Basic- 50% Hra- 20% Da - 12% Travel allowance- 2000 Insurance - 2500 Incentive- 75% target completion Pf 12% Earned leaves - 2 LOP - 4Design a salary slip for the month of March 2021 with information given below. Fixed vs variable ratio- 70:30 Ctc - 20L Basic- 50% Hra- 20% Travel allowance- 2000 Insurance - 2500 Incentive with 75% t
- Design a salary slip for the month of December 2021 with information given below. Fixed vs variable ratio- 70:30Ctc - 18LBasic- 50%Hra- 20%Da - 12%Travel allowance- 2000Insurance - 2500Incentive- 75% target completionPf 12%Earned leaves - 2LOP - 4 Prepare the assignment in Ms excelDesign a salary slip for the month of December 2021 with information given below. Fixed vs variable ratio- 70:30Ctc - 18LBasic- 50%Hra- 20%Da - 12%Travel allowance- 2000Insurance - 2500Incentive- 75% target completionPf 12%Earned leaves - 2LOP - 4 Prepare the assignment in Ms excel/ Ms Word.*Today's Assignment* Design a salary slip for the month of December 2021 with information given below. Fixed vs variable ratio- 70:30Ctc - 18LBasic- 50%Hra- 20%Da - 12%Travel allowance- 2000Insurance - 2500Incentive- 75% target completionPf 12%Earned leaves - 2LOP - 4 Prepare the assignment in Ms excel/ Ms Word. And submit on whatsApp. Before 4 pm tomorrow. Regards
- Wonderland Company estimates sales (in $) for 2021 for the four quarters as follows : Q1 Q2 Q3 Q4 Sales $ 200 $ 300 $ 250 $ 400 The accounts receivable at the beginning of 2021 is $ 120. The account receivable collection period is 45 days. Purchases from suppliers by Wonderland Company for each quarter are 60% of the estimated sales for the next quarter. Sales for Q1 2022 are $ 350. Payments to suppliers are the same as purchases from the previous period (quarter). Each month is assumed to have 30 days. Salaries, taxes and other expenses are estimated at 20% of sales. Interest and dividend expenses are $ 20 each quarter. Capital expenditure for business expansion in 2021 is planned for the second quarter for $ 100. The management of Wonderland Company has a policy to maintain a minimum cash balance (minimum cash balance) of $ 10 each quarter, and in early 2021 there is no cash balance. Question: a. Calculate the cash inflow and cash outflow…Ryan's Sparkling Jewels estimated its payroll for the coming year to be $84,000. Its workers' compensation insurance premium rate of 0.6% is paid at the beginning of each quarter. Required: 1. Calculate the estimated cost of workers' compensation insurance for the year.$fill in the blank 79e6ee06efc5fe1_1 2. Show the journal entry for the first quarterly payment on January 2, 20--. If an amount box does not require an entry, leave it blank. Page: DATE DESCRIPTION POST.REF. DEBIT CREDIT 1 Jan. 2 Workers' Compensation Insurance Expense fill in the blank 6b0385fff039038_2 fill in the blank 6b0385fff039038_3 1 2 Cash fill in the blank 6b0385fff039038_5 fill in the blank 6b0385fff039038_6 2 3 3 3a. Assume Ryan's actual payroll for the year was $89,000. Calculate the additional premium owed for 20--.$fill in the blank 29f2d308aff9fad_1 3b. Assume Ryan's actual payroll for the year was $89,000. Record the adjustment…Foch began operations on January 2, 2021. It employs 12 people who work 8-hour days. Fach employee earns 10 paid vacation days annually. Vacation days may be taken after andary 10 of the year following the year in which they are earned. The average hourly wage Tate was $23.00 in 2021 and $24.50 in 2022. The average vacation days used by each mpioyee in 2022 wNas 9. Wolff Co. accrues the cost of compensated absences at projected Tates of pay without discounting. In 2021, the projected average hourly wage rate used to accrue vacation time was $24.15. In 2022, this rate was $26. Frepare all necessary journal entries related to compensated absences during 2021 and 2022. 2021: 2022: