Entries by Munene david

Please write a four-to-six sentence paragraph on the following quesTons.a.What is the diFerence between an exempt and non-exempt employee?b.How would you decide whether to hire

February 17, 2020 in /by

If you can please help me with question number 2. only. Please see attachment.  ATTACHMENT PREVIEW Download attachment ACCT216Week 7 Homework1.Please write a four-to-six sentence paragraph on the following quesTons.a.What is the diFerence between an exempt and non-exempt employee?b.How would you decide whether to hire someone as an employee or independentcontractor?2.Cindy Lou makes $30,000 per year […]

 

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A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts,

February 17, 2020 in /by

A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $30,000. The stock has a $1 per share stated value.   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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Upon completion of the closing entries, you reviewed the general ledger and noticed that balances

February 17, 2020 in /by

Upon completion of the closing entries, you reviewed the general ledger and noticed that balances remained in all asset, liability, and equity accounts. In addition, there were still balances in the revenue accounts, but not expenses or dividends. Should this be the case after the closing entries have been recorded and posted to the general […]

 

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Wolf Co. estimates that its employees will work 600,000 direct labor hours during the coming year

February 17, 2020 in /by

Wolf Co. estimates that its employees will work 600,000 direct labor hours during the coming year. Total overhead costs are estimated to be $9,600,000 and direct labor costs are estimated to be $12,500,000. Direct Labor hours are actually 450,000. If Wolf Co. allocates overhead based on direct labor HOURS, what is the predetermined overhead rate?   Looking […]

 

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