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TruGreen is the world’s largest lawn and landscape company, employing over 10,000 employees and serving more than 1.7 million customers.
The Pawtucket Red Sox is a minor league baseball affiliate of the Boston Red Sox. The team’s current roster consists of 25 active players, along with the team’s manager, coaches, and mascots.
Hock It To Me is a privately owned pawn shop. The company has annual revenue of less than $500,000 and employs a staff of one to four people.
Even though each of these businesses has a unique payroll due to different amounts of salaries or wages, benefits, and withholdings, explain why each business needs to (a) accurately calculate the amount of payroll for each employee, (b) determine the amount of payroll taxes for which the employer is liable, (c) make the payroll tax deposits as required, and (d) file the appropriate payroll tax returns on a timely basis.
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- Gutierrez Company makes various electronic products. The company is divided into a number of autonomous divisions that can either sell to internal units or sell externally. All divisions are located in buildings on the same piece of property. The Board Division has offered the Chip Division $21 per unit to supply it with chips for 40,000 boards. It has been purchasing these chips for $22 per unit from outside suppliers. The Chip Division receives $22.50 per unit for sales made to outside customers on this type of chip. The variable cost of chips sold externally by the Chip Division is $14.50. It estimates that it will save $4.50 per chip of selling expenses on units sold internally to the Board Division. The Chip Division has no excess capacity. (a) Calculate the minimum transfer price that the Chip Division should accept. (Round answers to O decimal places. e.g. 10.) Minimum transfer price $ Should Chip Division accept the offer? (b) Yes Suppose that the Chip Division decides to…arrow_forwardSarasota Company makes various electronic products. The company is divided into a number of autonomous divisions that can either sell to internal units or sell externally. All divisions are located in buildings on the same piece of property. The Board Division has offered the Chip Division $24 per unit to supply it with chips for 36,000 boards. It has been purchasing these chips for $25 per unit from outside suppliers. The Chip Division receives $27.80 per unit for sales made to outside customers on this type of chip. The variable cost of chips sold externally by the Chip Division is $17.80. It estimates that it will save $4.80 per chip of selling expenses on units sold internally to the Board Division. The Chip Division has no excess capacity. (a) Calculate the minimum transfer price that the Chip Division should accept. (Round answers to O decimal places. e.g. 10.) Minimum transfer price $ Should Chip Division accept the offer? (b) Suppose that the Chip Division decides to reject the…arrow_forwardCrane Industries manufactures sump-pumps. Its most popular product is called the Super Soaker, which has a retail price of $1,230 and costs $570 to manufacture. It sells the Super Soaker on a standalone basis directly to businesses. Crane also provides installation services for these commercial customers, who want an emergency pumping capability (with regular and back-up generator power) at their businesses. Crane also distributes the Super Soaker through a consignment agreement with Menards. Income data for the first quarter of 2025 from operations other than the Super Soaker are as follows. Revenues Expenses $9.571,000 7,122,000 Crane has the following information related to two Super Soaker revenue arrangements during the first quarter of 2025. 1. Crane sells 30 Super Soakers to businesses in flood-prone areas for a total contract price of $59,100. In addition to the pumps, Crane also provides installation (at a cost of $160 per pump). On a standalone basis, the fair value of this…arrow_forward
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