What are the payroll system's general tasks?

Q: Ferrante Company sells 90,000 units at $60 per unit. Variable costs are $42 per unit, and fixed…

A: The contribution margin is the percent change in revenue and variable expenses for a corporation.…

Q: the Table

A: Given as, Exemption Rate $20M 50% $18M 45% $16M 35% $5M 30%

Q: What is the objective of financial reporting?

A: GIVEN   The objective of financial reporting  is

Q: On the break-even chart you can see the three variants of the break-even points. Name the items…

A: The breakeven chart is one which shows the total revenue equals the total cost incurred by the…

Q: . has only variable costs and fixed costs.  A review of the company's records disclosed that when…

A: Fixed costs are those costs which remains constant at any level of activity within a relevant range…

Q: Ferrante Company sells 24,000 units at $22 per unit. Variable costs are $12.54 per unit, and fixed…

A: Contribution margin = Selling price - Unit Variable cost Contribution margin ratio = Contribution…

Q: A country’s current account position moves from a surplus to a deficit. What will be the result?…

A: Current Account Current Account means recording a nation’s transactions with the rest of the world.…

Q: what are total budgeted costs

A: Budgets are the estimates or forecasts to be made for future period. Budgeted costs means forecasted…

Q: 1,400,000 $4,130,000 $5,530,000 What is the total sales-mix variance in terms of the contribution…

A: Budgeted sales mix V =6000/30000= 20%H = 24000/30000 = 80%

Q: Use the information in the table below to answer the questions that follow. April 1 Inventory 100…

A: A perpetual inventory system is a method of inventory management that keeps track of inventory on a…

Q: 1. On January 6, 2021, AAU Corporation has 30,000 shares of authorized and issued P20 par value…

A: The journal entries to record the declaration and distribution of share dividends are presented…

Q: Yusuf Company sells a product for $220 per unit. The variable cost is $170 per unit, and fixed costs…

A: Break even point in sales units  = Fixed cost/Contribution margin per unit  Contribution margin per…

Q: If $571,000 of 9% bonds are issued at 98, the amount of cash received from the sale is a.$519,610…

A: Cash received from sale of bonds represents the amount after showing the effect of discount or…

Q: Boston Railroad decided to use the high-low method and operating data from the past six months to…

A: Variable Cost as per high-low method = (Cost at highest level of activity  - Cost at lowest level of…

Q: Diving Wear Ltd makes neoprene wetsuits. The company’s projected income  statement for the coming…

A: Given data, Number of units sold (projected) = 65,000 units Variable costs (projected) = $8,736,000…

Q: Project manager focus on duties and responsibilities while project leader put the right people on…

A: Project managers are in charge of projects from initiation to close, making sure the work gets done…

Q: In evaluating the profit center manager, the operating income should be compared a.across profit…

A: Operating income is the amount of money earned by an entity from its operations.

Q: The charter of a corporation provides for the issuance of 116,962 shares of common stock. Assume…

A: Cash dividend will be paid  for shares issued Less shares reacquired

Q: uld not r

A: Giving regularly discounts can make our costumer habitual and it can lead to huge losses in business…

Q: Explain the logic underlying each of the adjustments below. a. Why do we start the cash flows with…

A: Operating Activities - Under this activity all the company operation-related activities like sales,…

Q: our mother invested ₱18,000 in government securities that yield 6% annually for two years.

A: This is a question of Compound Interest: Compound interest (or compounding interest) is the interest…

Q: Pop Ltd and Bubble Ltd are small family-owned companies engaged in sustainably farmed vegetables.…

A:

Q: nd and buildings are; R100000, Vehicles R7500O, valents R75000. The total for non-current assets

A: Non-current assets are assets that are not expected to be realized within one accounting year.…

Q: On August 1, Batson Company issued a 60-day note with a face amount of $96,000 to Jergens Company…

A: Proceeds of the note (when note is discounted) = Face value of the Note - Discount amount where,…

Q: The following is actual data from the two months of operations. Pounds   Shipping expense 350…

A: Using high low method, the fixed costs and variable costs are identified from the mixed costs.

Q: Gagnon Company reported the following sales and quality costs for the past four years. Assume that…

A: The quality cost for all four years as, Year   Quality cost 1 $20,000,000*0.25 $5,000,000 2…

Q: On June 30, 2021, Coco Inc. incurred a P2,000,000 net loss from disposal of a business segment. Also…

A: The question is related to Interim period is a period less than one fiscal year. Generally…

Q: Davol Corporation is preparing its Manufacturing Overhead Budget for the fourth quarter of the year.…

A: Total budgeted manufacturing overhead for October = Budgeted variable manufacturing overhead +…

Q: Your sister placed her graduation gifts amounting to ₱25,000 in a special savings account that…

A: The maturity value of the investment will be the aggregate of amount of principal invested and the…

Q: Your Company sells exercise bikes for $675 each. The following cost formula relates to last year's…

A: Net income is the amount remaining after reducing all the costs and expenses from the sales revenue.…

Q: Probler capital, par value of P100, 25,000 shares The maximum amount available for dividend on…

A: Dividend means the amount given to shareholder of the company as profit distribution by  company.…

Q: Sunshine Corporation's contribution format income statement for October is shown below. $228,000…

A: Working Note: Current selling price = Sales / No. of units = $228,000/24,000 = $9.50 per unit

Q: S (age 45), who is in a 24% marginal tax bracket, received a traditional 5401(k) distribution of…

A: The contributions made to traditional 401(k) are allowed as a deduction and not taxed, however, the…

Q: ontr

A: Definition of a Contract: A contract is a legally enforceable agreement. It might be a promise to do…

Q: ernan do is frader urcha ses invent ory at

A: HMRC is Her Majesty's Revenue & Custom ,  the tax authority of UK.…

Q: A company had a net income of $33,120. The weighted average common shares outstanding were 9,600.…

A: Lets understand the basics. For calculating basic earning per share, we need to use below formula.…

Q: Question 2 The accounting records related to bank account of Green Life Trading showed the following…

A: Bank Reconciliation Statement: A bank reconciliation statement summarizes banking and business…

Q: Identify the better performer between Best Buy and Dollar General. Calculate how much inventory the…

A: We are given some calculations regarding two companies - Best Buy and dollar General.  Based on the…

Q: Question 7 Z scores are:   A. Used to evaluate the quality of imaged files   B. Used to identify…

A: Introduction:- It describes a value's relationship to the mean of a group of values. Z score is…

Q: The following information applies to Your Company for the current year: Direct labor-hours:…

A: Predetermined overhead rate: Predetermined overhead rate is calculated before the period begins.…

Q: The reporting of Investing activities Is Identical under the direct method and Indirect method. True…

A: A cash flow statement consists of three sections: Operating activities Investing activities…

Q: A company incorrectly counted their inventory as of December 31, 2021, resulting in ending inventory…

A: Coat of goods sold = opening stock + Purchases - closing stock

Q: A company issued 120 shares of $100 par value common stock for $14,200 cash. The total amount of…

A: The paid in capital in excess of par value is recorded as share premium in the balance sheet.

Q: Borys budgeted salary in Jan for recruiting hosts activities is 66,000 and the actual salary for…

A: The budgeted salary is the amount of estimated amount of salary. The estimates can be different from…

Q: feltri Corporation is working on its direct labor budget for the next two months. Each unit of…

A: October Number of hours budgeted to be consumed in October = 7,100 units X 0.77 direct labor hours…

Q: 6. True or False: In the long run, purchasers of medallions are the only winners in a taxicab…

A: 6 - FALSE. The medallion system is created by the US government for the intentional supply of…

Q: 2016 Purchased equipment costing $40,000 by issuing a five-year, 9% note payable. The note requires…

A: The process of recording business transactions in the books of accounts for the first time is…

Q: Your Company uses a total of 15,000 units of a part that are produced and used every year. The…

A: Make cost is the cost of producing the product internally. Buy cost is the cost to purchase the…

Q: Using the information provided, prepare the following financial statements: (1) Statement of…

A: We are given the trial balance of Aldie Ltd. as on 31st Dec.  2017. Based on which Statement of…

Q: Use the following selected information from Corolla to determine the Year 1 and Year 2 trend…

A: Trend Percentage Analysis refers to calculation of Increased or Decreased in From the past year or…