Accounting Information Systems
Accounting Information Systems
10th Edition
ISBN: 9781337670111
Author: Hall
Publisher: Cengage
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Chapter 4, Problem 3DQ
To determine

Explain the purpose of having mail room procedures.

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H. Smith is employed at a rate of $35 (USD) PER HOUR FOR A FORTY HOUR WORK WEEK:any hour over the forty smith is paid an additional $5usd. during the month of march 2016 smith worked the following schedule: Work week hours worked benefits Value of benefits March 1-4 40 cell phone 15000.00TT$ March 7-11 45 Housing 40,000 March 14-18 42 Motor car 45,000 March 28-31 41 Cash Allowance 100,000 Tax Credits: Personal allowance 75,000, NIC 9% OF BASIC PAY, PAYE rate vv25%. using an exchange rate of $1.50tt$ for us $1, compute the net pay of mr smith formonth ending march 31,2016 in TT currency.
What is the average collection period in terms of days?
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Chapter 4 Solutions

Accounting Information Systems

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