Entries by mary WAMBUGU

Salisbury Company uses the perpetual inventory system and had the following inventory & sales activity for the month of May 2019: Date Activity

August 30, 2019 in /by

Salisbury Company uses the perpetual inventory system and had the following inventory & sales activity for the month of May 2019: Date Activity Quantity Unit Price 5/1 Beginning Inventory 175 $10.50 5/5 Purchase 200 $11.50 5/10 Sales 300 $25 5/15 Purchase 200 $14.00 5/20 Sales 250 $28 5/25 Purchase 150 $12.50 Using the LIFO method, […]

 

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Adelphi Company purchased a machine on January 1, 2017, for $50,000. The machine was estimated to have a service life of ten years with an estimated residual value of $5,000.

August 30, 2019 in /by

Adelphi Company purchased a machine on January 1, 2017, for $50,000.  The machine was estimated to have a service life of ten years with an estimated residual value of $5,000.  Adelphi sold the machine on January 1, 2021 for $28,000. Adelphi uses the double declining method for depreciation. Using this information, how much is the gain or (loss) for […]

 

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Barbara is an employee of Baltimore Company. Baltimore Company pays employees the Friday after the wages are earned. Overtime in excess of 40 hours must be paid at 150% of the normal hourly rate.

August 30, 2019 in /by

Question 1) Barbara is an employee of Baltimore Company. Baltimore Company pays employees the Friday after the wages are earned. Overtime in excess of 40 hours must be paid at 150% of the normal hourly rate.  Social Security taxes are 6.2% and Medicare taxes are 1.45%. The federal unemployment tax rate is 1.3% and the state […]

 

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Internal control and fraud can be a problem with charitable entities. Do some research to find data discussing these issues, and report to the class.

August 29, 2019 in /by

1. Internal control and fraud can be a problem with charitable entities. Do some research to find data discussing these issues, and report to the class. Why do you believe that this is problematic in nonprofits, and what do you believe can be done to improve this problem?   Looking for a Similar Assignment? Order […]

 

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