1. Supplemental Unemployment Benefits Employee Assistance Programs 2. List the type of benefits and services that can be offered as non-monetary (20 marks) 3. What are the 4 pieces you need to consider while developing the implementation plan for the compensation system? (4 marks) 4. Assume that you have been hired to implement a benefits plan by your employer. What...
The numbers of individuals in a company that received special assistance from the personnel department last year is given in the table to the right. If someone was selected at random from the records for last year, what is the probability that the person would be in each of the following categories: (a) drug/alcohol, (b) family, (c) drug/alcohol or family,...
PRUULI LO2, 3.5 36. Recording and Reporting Equity Camp Corporation had the following balances in its stockholders' equity at January 1: Common stock, $2 par value, 450,000 shares issued $ 900,000 Additional paid-in capital 1,200,000 Retained earnings 2,225,000 Treasury stock, at cost, 8,000 shares (48,000) During the year, Camp Corporation had the follow- ing transactions related to stockholders' equity: Mar....
1. Havermill Co. establishes a $490 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $97 for Office Supplies, $185 for merchandise inventory, and $46 for miscellaneous expenses. The fund has a balance of $162. On October 1, the accountant determines that the fund should be increased by $98....
The following transactions were completed by Winklevoss Inc., whose fiscal year is the calendar year: 20Y1 July 1 Issued $74,000,000 of 20-year, 11% callable bonds dated July 1, 20Y1, at a market (effective) rate of 13%, receiving cash of $63,532,267. Interest is payable semiannually on December 31 and June 30. Dec. 31 Paid the semiannual interest on the bonds. The...
Milbank Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance at the end of its first year of operations: Milbank Repairs & Service UNADJUSTED TRIAL BALANCE June 30, 2019 ACCOUNT TITLE DEBIT CREDIT 1 Cash 9,880.00 2 Accounts Receivable 67,550.00 3 Supplies 16,160.00 4 Equipment 114,550.00 5 Accounts Payable 15,790.00 6 Unearned Fees 17,600.00 7 Nancy...
Diamond Company manufactures two models of cassette recorders, VCH and MTV. Based on the following production data for April, prepare a production budget. VCH MTV Estimated inventory (units), April 1 2,900 4,000 Desired inventory (units), April 30 6,900 5,250 Expected sales volume (units): Eastern zone 12,500 12,960 Midwest zone 19,000 19,800 Western zone 14,500 9,840 Diamond Company Production Budget For...
Exercise 157 Record the following transactions for Tri-State Corporation on the dates indicated 1. On March 31, 2020, Tri-State Corporation discovered that Depreciation Expense on equipment for the year ended December 31, 2019, had been recorded twice, for a total amount of $84,000 instead of the correct amount of $42,000 2. On June 30, 2020, the company's internal auditors discovered...
On 30 June 2019, Parson Limited had a cash balance in its general ledger of $13,034.30 debit. The bank statement from ASB on that date showed a credit balance of $19,495.00. A comparison of the statement with the cash ledger account and the bank reconciliation for May 2019 revealed the following facts: (i) Two cheques, totalling $1,770.10, from the May...
Exercise 4-8 Preparing and posting closing entries CP2 Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts have normal balances) to prepare closing journal entries and then post those entries to ledger accounts. General Ledger Acct. No. 301 Acct. No. 622 M. Muncel, Capital Date PR Debit Credit Balance Debit Salaries Expense Date...