An employee with an annual salary of $77278 is paid every month. What is the gross pay per pay period? Report your answer to two decimal places AND with correct units. Answer:
Q: What is the liability for the outstanding premiums at year-end? *
A: 4 Boxtops to be redeem for one bowl and with an additional 5 php
Q: Other types of assurance services provided by CPAS have developed as a natural extension of the audi...
A: An audit department is a division within a company or organization that is in charge of assessing op...
Q: Several years ago Ms. Allen invested in growth stocks, which she hoped would increase in value over ...
A: Market cap—or market capitalization—refers to the total value of all a company's shares of stock. It...
Q: A prjet was esimated to os 00 i tmeine f 0 ons. Estmate o comple ETC) fr te ojetwaud now be: A. SIG,...
A: In the start of project, the estimated cost of completion was $200,000. But later on, due to some de...
Q: On 28 February 2019, the debtors control account in the General Ledger of Lesego Fashions showed a d...
A: Error or omission can be classified as follows. Error of Principle: This is occur when accountant i...
Q: Use the following information to answer questions. (Algo)
A: Applied overhead seems to be a sort of direct overhead charge that is documented using the cost-acco...
Q: Ey Freezer accepts a ote is for 180 days a 30 at 9%. Find the pr
A: To compute the net proceeds it is required to compute the maturity value.
Q: Raw materials Beginning inventory $344 Purchases 1,533 Materials available for use Ending inventory ...
A: This problem can be solved by using the following formulas: 1. Material used in production(raw ma...
Q: Required information Use the following information to answer questions. (Algo) [The following inform...
A: In this question, we have to record transactions for- Purchasing the raw material for cash For dir...
Q: Total Total Variable Fixed Sales cost cost July 58,000 11,600 50,000 August 54,000 10,800 50,000 Sep...
A: Contribution margin = Sales - Variable costs Contribution margin ratio = Contribution margin / Sale...
Q: Adam, Eve and Abel are partners in Suave Swimsuits. Profits and losses are shared in the ratio of 5:...
A: The partnership comes into existence when two or more persons agree to do the business and further s...
Q: 5. We know the following data of the company Perfilados, S.A: a) It bought and consumed € 105,000 i...
A: In this question, there are 5 different cases in which we have to calculate- The average storage pe...
Q: Why continuous auditing is growing in popularity
A: A continuous audit is one : where the auditor or his staff is constantly engaged in checking the ac...
Q: ve and Abel are partners in Suave Swimsuits. Profits and losses are shared in the ratio of 022, when...
A: Suave Swimsuits have 3 partners Adam ,Eve and Abil who share their profits and losses in the ratio o...
Q: Proposals L and K each cost $500,000, have 6-year lives, and have expected total cash flows of $750,...
A:
Q: In the standard cost formula Y = a + bX, what does the "Y" represent? total cost variable cost per u...
A: Variable cost: Variable cost refers to that cost which gets increased with the increase in the volum...
Q: 0.247 0.116 0.106 0.298 0.431 0.373
A: Input-output matrix refers to the presentation of certain accounting records in the ways industries ...
Q: P Company had the following transactions with foreign businesses: Billing Currency Exchange Rat- (Di...
A: Solution Concept The journal entries for the transaction involving the foreign currency shall be pre...
Q: Marvel Parts, Inc., manufactures auto accessories. One of the company’s products is a set of seat co...
A:
Q: Espresso Express operates a number of espresso coffee stands in busy suburban malls. The foxed weekd...
A: Average cost per cup of coffee served is = (fixed cost + total variable cost) / total number of cup ...
Q: Does buying and selling of debt instruments maturing in one year or less, a characteristic of money ...
A: Money markets issue and trade debt securities with maturities of one year or less. Capital markets a...
Q: Laflame Corporation uses a job-order costing system with a single plantwide predetermined overhead r...
A: Total estimated manufacturing overhead includes fixed manufacturing cost and variable manufacturing ...
Q: 2. Inventor of double entry system. A) Marshall B) Robins Lucas D) Batliboi Answer:- ...
A: Accounting- Accounting refers to the system that collects and processes( measures, records, and anal...
Q: Dan bought his Los Angeles property last December, and it’s now August. The property is encumbered w...
A: The answer is stated below:
Q: (a) Incomplete manufacturing costs, expenses, and selling data for two different cases are as follow...
A:
Q: 2020, Cheyenne sold 90 washer/dryer units without installation to Laplante Rental and is unsure how ...
A: Inventory- The word inventory refers to the raw materials used in manufacture as well as the goods p...
Q: Left is a parent company that prepares consolidated financial statements. On 1 July 2021 Left Ltd ac...
A:
Q: A firm has total interest charges of $10,000 per year, sales of $1 million, a tax rate of 40 percent...
A: Solution: The times interest earned ration is a measure to determine company's ability to meet its d...
Q: The following transactions relate to the general fund of the city of Lost Angels for the year ending...
A:
Q: Sun Studio in Irvine plans to initiate an activity-based costing system with two activities: Offerin...
A: Indirect cost: It implies to the expense that is incurred in relation to multiple activities and is ...
Q: Perform a profitability analysis
A: Profit is very important element of the business. Every business wants to have maximum profit in its...
Q: 00; and land, $292,000. Paid $120,000 down and signed a mortgage note for the remainder. 2 Received ...
A:
Q: trial balance for Wildhorse Corporation at July 31, 2021, the corporation's fiscal year en $ 104,500...
A: Noncurrent liabilities include debentures, long-term loans, bonds due, deferred tax obligations, lon...
Q: nterest , a company that you regularly do business with, gives you a $11,000 note. The note is due i...
A:
Q: n July 31, 2021, Sheridan Inc. issued $430,000 of 5-year, 4% bonds at 104. Interest is payable semi-...
A: To begin, preserving detailed records of your transactions helps to organize the data in your busine...
Q: During the month, Job AB2 used specialized machinery for 450 hours and incurred $550 in utilities on...
A: Predetermined overhead rate = Estimated manufacturing overhead / Estimated direct labor hours Appli...
Q: What is the amount of current assets, assuming the accounts above reflect normal activity? (just typ...
A: Current assets: Current assets are all those assets that are expected to be sold or used as a result...
Q: Which of the following statements in relation to retained earnings is TRUE? Select one: a. Retained ...
A: Nominal Account: A nominal account is a record wherein bookkeeping exchanges are put away for one mo...
Q: 1. Honizon Co. was incorporated in 20x1. The following were the Jan. 31 Received full payment for 12...
A: journal entry is the process of recording business transactions in a debit and credit side during a ...
Q: In 2014, Nana Company purchased property with natural resources for P12,400,000. The property was re...
A: Answer - Step 1 - Computation of depletion rate - 2015 Particulars Amount Cost of land P 1...
Q: What does it mean when you have a debit balance of accrued interest income? Does a Debit balance ac...
A: The accrued expenses are the expenses incurred but not paid yet and hence are recorded as liability....
Q: Borchardt Corporation has provided the following data concerning last month's operations. Direct mat...
A: Total manufacturing costs = Direct materials + Direct labor + Manufacturing overhead Cost of goods s...
Q: Select and "X" in the column that corresponds to the cost classification for each of the following s...
A: Sunk Cost: In accounting and business, a sunk cost is a cost that has already been incurred and that...
Q: ACCOUNT TITLE
A: A statement of financial position is a statement that reflects all the assets and liabilities of a c...
Q: Please i need help with this question..Thanks in Advance
A: In the indirect method ,net incomes from the income statement is used to calculate the net cash flow...
Q: Division A makes a part with the following characteristics: Production capacity in units........
A: In the case of inter-departmental transfers, we should assess the impact at the company level.
Q: Manufacturing Overhead (2) 9,000 (2) 167,000 (3) 15,000 (4) 80,000 (5) 30,000 (6) 25,000 159,000 167...
A: Lets understand the meaning of overapplied and underapplied overhead. When actual overhead is more t...
Q: The company sold machines 1/1 / 20X5 in X for 163,350 € which will be paid 31.12.20X6. A charged X w...
A: Effective interest rate is nothing but compunding of the interest. As compared to...
Q: Bowen Company manufactures one product, it does not maintain any beginning or ending inventories, an...
A: Hi student Since there are multiple subparts, we will answer only first three subparts.
Q: 1. Which method of reco accrual accounting? a. Allowance method b. Direct writeoff method c. Percent...
A: The allowance for uncollectible account is maintained to record estimated bad debt expense for the p...
Step by step
Solved in 2 steps
- Calculate the gross earnings per pay period (in $) for the given pay schedule. (Round your answers to two decimal places.) Annual Salary Monthly Semimonthly Biweekly Weekly $48,100 $ $1.Calculate the gross earnings per pay period (in $) for the given pay schedule. (Round your answers to two decimal places.) Annual Salary Monthly Semimonthly Biweekly Weekly $45,500 $ $ $ $An employee has a net payroll amount of $5,064.50. What is the correct journal entry to record this payment on payday?
- Cabrera Accounting pays Shanaya Kapoor $63,480 per year.(Round your answers to two decimal places when needed and use rounded answers for all future calculations).1. What is the hourly cost to Cabrera Accounting of employing Shanaya Kapoor? Assume it is a 31 hour work week and the work 50 weeks a year. Weeks per year ? Hours per week = Work hours per year = Yearly Rate ? Hours per year = Cost per hour = 2. What is the direct labor cost assigned to Client 123 when Shanaya Kapoor works 18 hours to prepare Clients 123 financial statements? Hours worked ? Rate per hour = Direct Labor Cost =Peter Jones is paid $13.76 per hour. During the past week, he worked 44 hours, and he is a covered employee who must be paid for overtime. Calculate his gross pay using the overtime premium approach. Round your overtime rate to two decimal places and use the rounded amount in subsequent computations. Round your final answers to the nearest cent. a. Regular pay (44 hours) b. Overtime premium pay c. Gross pay $ $Assume an employee has a gross pay of $500 and vacation pay is paid out at 4%. How much extra gross pay does the employee receive on their paycheque? Select one: a. $500 O b. $0 c. $20 d. $480
- 2. Calculate the EI and CPP for the following employees. Find the employer portion as well. a. Biweekly salary of 2000 b. Weekly salary of 11001 Calculate OASDI, HI, SUTA, & FUTA for the payroll period for an employee that earns $6,000 per week and has earned $138,000 so far. The SUTA rate to be used is 3.7% and 2021 wage bases and rates should be used.An employee earns $25 per hour and 2 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 48 hours during the week. Assume further that the social security tax rate was 6.0%, the Medicare tax rate was 1.5%, and federal income tax to be withheld was $239.15. a. Determine the gross pay for the week. b. Determine the net pay for the week. Round to two decimal places.
- Joseph Cavato is paid $12.96 per hour. During the past week, he worked 46 hours, and he is a covered employee who must be paid for overtime. Calculate his gross pay using the overtime premium approach. Round your overtime rate to two decimal places and use the rounded amount in subsequent computations. Round your final answers to the nearest cent. a. Regular pay (46 hours) c. Gross payChoose the best definition of gross pay A. The number of hours over 40 that are worked in a week. B. A fixed amount of wages paid, usually on a yearly basis, regardless of how many hours are worked. C. The amount of money earned for a specific amount of time before any deductions are made. Cabrera Accounting pays Shanaya Kapoor $62,050 per year. (Round your answers to two decimal places when needed and use rounded answers for all future calculations). 1. What is the hourly cost to Cabrera Accounting of employing Shanaya Kapoor? Assume it is a 38 hour work week and the work 50 weeks a year. Weeks per year ? Hours per week = Work hours per year Yearly Rate ? Hours per year = Cost per hour = = 2. What is the direct labor cost assigned to Client 123 when Shanaya Kapoor works 17 hours to prepare Clients 123 financial statements? Submit All Parts Hours worked ? Rate per hour = Direct Labor Cost =