Payment of salaries
Q: Which of the following fund types does not report the payment of bond principal as an expenditure?…
A: Special Revenue fund - These are the funds which is created for the specific purpose such as…
Q: Construct a cost-volume-profit chart indicating the break-even sales for the current year, assuming…
A: CVP chart or cost-volume profit chart presents the variable cost, fixed costs, revenue and…
Q: Number of units produced and sold Sales Selling Price per unit Variable Selling Expense per unit…
A: Cost of Goods sold :— It is the total cost of units sold during the period. Cost of Goods Sold =…
Q: 2. (Prepare Financial Statements) The adjusted trial balance of Decimal Co. as of December 31, 2017,…
A: The financial statements of the business include income statement and balance sheet. The income…
Q: 1: Neil Mitchell earns $11/hour. During the most recent week, he receives a discretionary bonus of…
A: If an employee works more than 40 hours in a week, then he must be paid overtime 1.5 times of the…
Q: Your grandfather likes to tell the story about how he started with 50 head of cattle on his ranch…
A: FUTURE VALUE Future value is the value of an asset at a specific date. The value of a current…
Q: What kinds of deductions are prohibited as a matter of public policy? Why might Congress deem it…
A: One definition of the public policy describes it as "a system of laws, regulatory measures, courses…
Q: e Converting Department of Worley Company had aring the period, 12,400 units were completed and…
A: Answer : Inventory in process, beginning = 600*75% = 450 Started and completed = 12,400 - 600 =…
Q: A home improvement firm has quoted a price of $9,800 to fix up Eric's backyard. Five years ago, Eric…
A: Answer : Present value = $7,500 Interest rate = r = 5.25% yearly Time = 5 years Future value =…
Q: 13) An entity in which an investor has significant influence but not control or joint control, is…
A: ASSOCIATES An associate company is a firm that is owned in part by a parent company entity.…
Q: QUESTION 40 To depreciate the U.S. dollar against the Mexican peso, in the foreign exchange market…
A:
Q: Jim deposits $3,000 today an account that pays 10% per year and follows it up with three more…
A: The amount accumulated in the account at the end of 3 years will be the aggregate future value of…
Q: Which of the following audit techniques would most likely provide an auditor with the least…
A: Effective Internal control will satisfy company objectives. Internal controls will identify and…
Q: QUESTION 1 Which of the following data best represents a sample? The daily returns of SABIC'S stock…
A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…
Q: A married man filing separately with a taxable income of $160,000. i Click the icon to view the 2016…
A: As per the 2016 Marginal tax rates, income tax is computed as per the Slab rates which is given…
Q: 05) Which of the following stateme consolidation is true: (1) Subsidiaries are consolidated in full…
A: According to the given question, we are required to select the correct answer from the options given…
Q: Requirement 1. Compute cost of goods sold and gross profit using the FIFO inventory costing method.…
A: The question is based on the concept of Cost Accounting. As per the Bartleby guidelines we are…
Q: Calculate the variable overhead spending and efficiency variances. (Round answers to O decimal…
A: Variable Overhead Spending Variance = (Actual Hours x Standard Rate) - Actual Overhead Costs…
Q: Prepare a classified statement of financial position in good form, without specific amounts. (List…
A: Introduction: Financial statements are written reports generated by a company's management to…
Q: 6 7 8 9 10 01 11 12 13 14 15 16 17 Sales Sales use the sales from sales budget in week 3. Cost of…
A: Income Statement :— It is one of the financial statement that shows profitability of company during…
Q: Roni Lockard signed a $28,500 simple discount promissory note at a certain bank. The discount rate…
A: Simple interest is calculated by multiplying amount, rate and time. In calculations of due days we…
Q: Emerson believes that commerce: Group of answer choices A. Generates wants which we would do well…
A: The trade of products and services between firms is known as commerce. Commerce seems to be the…
Q: How to calculate oasdi and HI taxes for 168,000 a year by Nov 15th and Dec 15th
A: Social Security Tax The Old-Age, Survivors, and Disability Insurance (OASDI) programme of Social…
Q: accounting rate of return for Option 1, 2, & 3
A: Accounting rate of return is the return which has been earned by the company on the investment on…
Q: Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2020 and 2019.
A: Total debts include both current liabilities and long term liabilities. Total assets include all…
Q: Freight-in Purchase returns At cost
A:
Q: EJ-KD manufactures plastic cups that undergo two departments during the process (molding &…
A: Process costing system is a system used for standardized production processes. In the a process of…
Q: How reliable is the Capital Asset Pricing Model? Can we use it to determine whether to buy the stock…
A: Capital Asset Pricing Model - Under this model cost of equity can be calculated with the help of…
Q: Kim paid her nanny $20,000 during 2021 to watch her three children, Finn (3). Rachel (5) and Caltlyn…
A: Dependent care credit: It implies to a tax credit that allows and assist a taxpayer in paying for…
Q: P4.2 (LO 1) Excel (Balance Sheet Preparation) Presented below are a number of balance sheet items…
A: The balance sheet is a summary of permanent accounts prepared at the end of the accounting period.…
Q: Nitai, who is single and has no dependents, was planning on spending the weekend repairing his car.…
A: Requirement:-a-1 Strictly considering tax factors, should Nitai work or repair his car if the $400…
Q: 01) Jack acquired 80% of the voting equity shares of Jill. Jill had the following equity at the date…
A: When one company buys another, the intangible asset known as goodwill is acquired. It denotes a…
Q: 12) Pinky Co. acquired 80% of Scar Co. ordinary share capital on 1 January 2012. As at 31 December…
A: Acquisition: It implies to a financial process wherein the buyer company acquires or takeover…
Q: eventy-Two Inc., a developer of radiology equipment, has stock outstanding as follows: 60,000 shares…
A: Introduction:- Dividends derived from portion of a company's profits. Which are distributed to…
Q: Fit-for-Life Foods reports the following income statement accounts for the year ended December 31…
A: A multi-step income statement is a written record of a company's revenue, expenses, and costs for a…
Q: Qualitative characteristics make accounting information useful for decision- making purposes.…
A: Hi, as you have posted more than three sub parts but as per the bartleby policy we are only able to…
Q: Calculate the amount major of interest total of a year for a bill of saving a term open, with an…
A: There are the following information given below: Amount major and interest =?
Q: Match each business that follows with the job cost system it would most likely utilize. Clear All…
A: Lets understand the basics. Process costing system is followed by the business which follow…
Q: Which of the following profit sharing allocation options provides for a combination of age and…
A: Answer:- Profit sharing allocation meaning:- A profit sharing allocation plan is a defined…
Q: If government tax policy requires Bill to pay $23,500 in taxes on annual income of $200,000 and Paul…
A: Tax policy may be defined as the percentage of taxation that countries' governments impose, and they…
Q: On January 1, 2020 Company A leases a machine from B Corp through a contract that requires 5…
A: Finance Lease is a lease which contains the following, if any one of following is satisfied then…
Q: St. Kilda Enterprises produces parts for the electronics industry. The production manager and cost…
A: PRODUCTION COST Production Cost of Any Product is Include a Various Type of Expenses such as…
Q: Swifty Merchandise planned to produce 47,000 fleece jackets in its Metairie, Louisiana, factory.…
A:
Q: Bramble Corp. had the following accounts and balances: Accounts payable Accounts receivable…
A: The accounting equation states that assets equals to sum of liabilities and shareholders equity.…
Q: Mr. Juan Lopez launched Lopez Fiesta Mart on December 1, 2022 with a cash investment of ₱220,000.…
A: Journal entry is the process of recording monetary transactions of the business related to a…
Q: Turk Company had net income of $1,792,000 for the year ended December 31, 2020. The Company has…
A: EARNING PER SHARE EPS is the monetary value of earning per outstanding Share of Common stock for…
Q: Ries, Bax, and Thomas invested $28,000, $44,000, and $52,000, respectively, in a partnership. During…
A: Income summary account is the one which is used while closing the temporary accounts like revenues…
Q: what are some of corporate governance applications out there?
A: Program overview:- This program allows executives and board members of public and private…
Q: Hw.57.
A: Solution: Trial balance: BONITA…
Q: Vaughn Company has the following two temporary differences between its income tax expense and income…
A: Balance sheet is the financial statement which is prepared based on the accounting equation. It…
QUESTION 5
-
Payment of salaries and wages to the staff of the county controller’s office is typically reported in:
a. The general fund
b. An internal service fund
c. A special revenue fund
d. An agency fund
Step by step
Solved in 2 steps
- Which of the following departments most likely would approve changes in pay rates and deductions from employee salaries?a. Personnel.b. Treasurer.c. Controller.d. Payroll.The department responsible for approving pay rate changes is a. payroll b. treasurer c. personnel d. cash disbursementsWhich of the following parties is responsible for administering the real estate budget? A. The Commissioner of Commerce B. The State treasury C. A designated financial institution D. The attorney General
- Which of the statement is not correct? Question 27Answer a. The budget approval is done by the legislative b. The budget audit is done by the auditor general’s office c. Budget Execution is the job of the executive d. The budget preparation is initiated by the Heads of DepartmentsThe Office of Management and Budget has the primary responsibility for doing which of the following?O Approving the budget O Preparing the budget Auditing the budget Implementing federal unemployment policy O Appropriating funds for the budgetThe Appropriations account of a governmental fund is credited when: a. The budgetary accounts are closed b. The budget is recorded c. Supplies are purchased d. Expenditures are recorded
- Which form does the Internal Revenue Service use to keep track of employees? A. SS-4B. I-9C. SS-8D. W-442. A certification on the availability of allotment is required before a disbursement of government funds is made. According to the GAM for NGAs, who shall issue this certification? Budget officer Chief accountant Head of the agency Requisitioning Individual10. When computers are ordered by the mayor's office, the purchase order should be recorded in the General Fund as a debit to: Multiple Choice Encumbrances. Equipment. Expenditures. Appropriations.
- In the recording of a city’s budget, which one of the following accounts is debited? a. Appropriations b. Estimated Revenues c. Estimated Other Financing Uses d. Encumbrances5. Which of the following items is the function of a treasurer? ____ A. cost accounting B. internal control C. capital budgeting D. general ledger18 Government expenditure includes all public consumption, investment, and transfer payment. Which of the following is categorized under current expenditure? i. Purchases of hospital equipment. ii. Salary payment for teachers of private schools. iii. Grant for research and development (R&D) activities. iv. Social security payments for the unemployed. i only i and ii i, ii and iii i, ii, iii and iv
