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c. Ghost employee because when the payroll get increases unproportionally the salary is being credited to the person who is not an employee
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ABC company finds the payroll has increased unproportionally increased to its sales. This is a red...
Industrial Solutions Payroll You are auditing the payroll for Industrial Solutions for the year e...
Industrial Solutions Payroll You are auditing the payroll for Industrial Solutions for the year ended April 30, 2018. Below are the amounts from the client’s trial balance, along with the client’s comparative audited information from the prior year. Audited Balance 4/30/2017 Unaudited Balance 4/30/2018 Sales $ 102,632,468.00 $ 114,948,364.00 Executive Salaries $ 1,093,880.00 $ 1,231,940.00 Factory hourly payroll $ 20,077,754.00 $ 22,952,638.00 Factory Supervisors salaries $ 1,571,650.00 $ 1,621,176.00 Office Salaries $ 3,980,592.00 $ 4,110,604.00 Sales Commissions $ 4,036,298.00 $ ...
ABC Company sold 100 units of its only product in 2018, if sales increased by 40%...
ABC Company sold 100 units of its only product in 2018, if sales increased by 40% in 2019 what happens to total variable cost, total fixed cost, unit variable cost and unit fixed cost?
ABC Enterprises began business on October 1, 2019. Below is the monthly payroll for ABC Enterprises,...
ABC Enterprises began business on October 1, 2019. Below is the monthly payroll for ABC Enterprises, Inc. All employees are on salary and receive the same amount each month. Last First Gross Fed Inc 401K Medical Medical Insurance Name Name Earnings Tax WH WHIns WH Pd by Employer Spring Sally $ 12,000.00 $ 2,280,00 $600.00 $ 300.00 $ 600.00 SummerStanley $ 4,000.00 $ 600.00 $120.00 $600.00 $ 600 00 Fall Farrah $ 6,000.00 $ 1.140.00 $120.00 $225.00 $ 700.00 Winter...
You are auditing payroll for the Reel In Technologies company for the year ended October 31,...
You are auditing payroll for the Reel In Technologies company for the year ended October 31, 2019. Included next are amounts from the client's trial balance, along with comparative audited information for the prior year. (Click the icon to view the amounts from the trial balance.) A (Click the icon to view the additional information.) Read the requirements (Note 1: When computing the expected value of factory hourly payroll, you must take into consideration both the 6% wage increase and...
ABC company has budgeted the following sales. January February Sales (on Income statement) $100,000 $200,000 Sales...
ABC company has budgeted the following sales. January February Sales (on Income statement) $100,000 $200,000 Sales are 60% credit and 40% cash Credit sales are collected 30% in the month of sale, 70% in the month following the sale A/R at Dec 31 = $60,000 What are the cash collections for January and February? Select one: $58,000 for January and $158,000 for February $40,000 for January and $80,000 for February $118,000 for January and $158,000 for February none of the...
ABC company has budgeted $100,000 of sales for January Sales are 80% cash and 20% on...
ABC company has budgeted $100,000 of sales for January Sales are 80% cash and 20% on credit Credit sales are collected 100% in the month following the sale A/R at Dec 31 = $15,000 What are the cash collections for January? Select one: O $15,000 none of the answers is correct $95,000 O $100,000 ABC company has budgeted $200,000 of sales for January. Sales are 80% credit and 20% cash Credit sales are collected 100% in the month following the...
A single-price monopolist red out of Select one: a. finds that its marginal revenue and price...
A single-price monopolist red out of Select one: a. finds that its marginal revenue and price are the same for the first unit of the good itsells. O b. must lower price on all previous units to sell an additional unit of output c. is a price scarcher o d necessarily faces a perfectly inelastic demand curve. ution Previous page Next page MacBook Air
ABC Corp. has sales of $24m in 2017. Its ROE was 12% with a total asset...
ABC Corp. has sales of $24m in 2017. Its ROE was 12% with a total asset turnover of 3.0X. Its Debt/Equity ratio is 2/3. Find its Net Income: Select one: a. $720,000 b. None of the Above c. $560,000 d. $576,000 e. $420,000
ABC company has Sales Revenue total amount of 4 million in 2018, 0.5 million of Sales...
ABC company has Sales Revenue total amount of 4 million in 2018, 0.5 million of Sales Return and 0.25 million of Sales Allowance. What is the Net Sales shown on the income statement in 2018? Select one: O a. 4 million O b. 3.25 million O c. 4.75 million d. 3.5 million
1. Assume you work for a company in sales and therefore are entitled to not only...
1. Assume you work for a company in sales and therefore are entitled to not only hourly pay, but commission and bonus as well. You work 40 hours in a payroll week. Calculate your gross pay for your company if you make $x per hour (you select your rate!), earn a 5% bonus (of gross pay), and earn 10% commission (of gross pay). 2. Unfortunately, you do not get to keep all your Gross Pay. Assuming you have the following...
ABC Enterprises began business on October 1, 2019. Below is the monthly payroll for ABC Enterprises, Inc. All employees are on salary and receive the same amount each month. Last First Gross Fed Inc 401K Medical Medical Insurance Name Name Earnings Tax WH WHIns WH Pd by Employer Spring Sally $ 12,000.00 $ 2,280,00 $600.00 $ 300.00 $ 600.00 SummerStanley $ 4,000.00 $ 600.00 $120.00 $600.00 $ 600 00 Fall Farrah $ 6,000.00 $ 1.140.00 $120.00 $225.00 $ 700.00 Winter...
You are auditing payroll for the Reel In Technologies company for the year ended October 31, 2019. Included next are amounts from the client's trial balance, along with comparative audited information for the prior year. (Click the icon to view the amounts from the trial balance.) A (Click the icon to view the additional information.) Read the requirements (Note 1: When computing the expected value of factory hourly payroll, you must take into consideration both the 6% wage increase and...
ABC company has budgeted the following sales. January February Sales (on Income statement) $100,000 $200,000 Sales are 60% credit and 40% cash Credit sales are collected 30% in the month of sale, 70% in the month following the sale A/R at Dec 31 = $60,000 What are the cash collections for January and February? Select one: $58,000 for January and $158,000 for February $40,000 for January and $80,000 for February $118,000 for January and $158,000 for February none of the...
ABC company has budgeted $100,000 of sales for January Sales are 80% cash and 20% on credit Credit sales are collected 100% in the month following the sale A/R at Dec 31 = $15,000 What are the cash collections for January? Select one: O $15,000 none of the answers is correct $95,000 O $100,000 ABC company has budgeted $200,000 of sales for January. Sales are 80% credit and 20% cash Credit sales are collected 100% in the month following the...
A single-price monopolist red out of Select one: a. finds that its marginal revenue and price are the same for the first unit of the good itsells. O b. must lower price on all previous units to sell an additional unit of output c. is a price scarcher o d necessarily faces a perfectly inelastic demand curve. ution Previous page Next page MacBook Air
ABC company has Sales Revenue total amount of 4 million in 2018, 0.5 million of Sales Return and 0.25 million of Sales Allowance. What is the Net Sales shown on the income statement in 2018? Select one: O a. 4 million O b. 3.25 million O c. 4.75 million d. 3.5 million
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