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MissTica
2 years ago
12

ABC has a semi-monthly payroll cycle and a 40 hour standard work week. Sun Mon Tues Wed Thurs Fri Sat "2/28 2 hours" "2/29 8 hou

rs" "3/1 8 hours" "3/2 8 hours" "3/3 8 hours" "3/4 8 hours" "3/5 0 hours" "3/6 2 hours" "3/7 8 hours" "3/8 8 hours" "3/9 8 hours" "3/10 8 hours" "3/11 8 hours" "3/12 0 hours" "3/13 2 hours" "3/14 8 hours" "3/15 8 hours" "3/16 8 hours" "3/17 8 hours" "3/18 8 hours" "3/19 8 hours" 1 What would ABC's total pay hours for March 1 - March 15 pay period? 2 What would ABC's total pay hours for the previous pay period? 3 What would ABC's total pay hours for the next pay period?
Business
1 answer:
Marizza181 [45]2 years ago
7 0

Based on the monthly working cycle of ABC and the pay periods in March, the pay hours are:

  • March 1 - March 15 = 120 hours.
  • Previous pay period = 112 hours.
  • Next pay period = 128 hours.

<h3>What are the pay hours for ABC?</h3>

The March 1 to March 15 pay hours would be for 15 days:

= Number of days x average pay

= 15 x 8

= 120 hours

The previous pay period would have been 2 weeks in February which is 14 days:

= 14 x 8

= 112 hours

The next pay period would have to cover the rest of March and so will be from March 16 to March 31 which is 16 days:

= 16 x 8

= 128 hours

Find out more on bi-weekly payroll wages at brainly.com/question/9479250.

#SPJ1

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Based on the fact that Kim's flowers borrowed the money and used it to buy a new delivery vehicle, this business activity should be categorized as both a financing activity and an investing activity.

<h3>What should they classify this business activity as?</h3>

Because Kim's Flowers got the money as a loan, it would be recorded as an inflow for financial activities.

They then used it to purchase a delivery vehicle which is an investment and a capital asset so this will count as an investment activity.

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8 0
1 year ago
Metlock Company took a physical inventory on December 31 and determined that goods costing $185,000 were on hand. Not included i
Paha777 [63]

Answer:

$229,890

Explanation:

The formula to compute the ending inventory is shown below:

= Cost of inventory + goods purchased from f.o.b. shipping point + goods sold at f.o.b. destination

= $185,000 + $24,080 + $20,810

= $229,890

We added the goods purchased and goods sold to the cost of inventory so that the accurate value of the ending inventory can come.

6 0
3 years ago
What is a drug cartel
Leni [432]

<em>Answer:</em>

<em>A drug cartel is a criminal organization with the intention of supplying drug trafficking operations. They range from loosely managed agreements among various drug traffickers to formalized commercial enterprises.</em>

<em></em>

3 0
3 years ago
The____________problem occurs when people fail to join a group because they can get the benefits the group offers without contri
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7 0
3 years ago
Kelly Company issued $100,000 of 5%, 10-year bonds at 102 to a single investor. Each of the $1,000 bonds was convertible into 10
Angelina_Jolie [31]

Answer:

The amount credited to common stock upon conversion of the bonds is $101000

Explanation:

When the bond was issued there would been a debit of $102000($100000*$102/$100) to cash account and credit of $102000 to liabilities split into $100000 bonds payable and $2000 bond premium.

However, on conversion to common stock with premium of $1000 outstanding in the books,the amount to be credited into common stock account is the issue value less outstanding premium.

The amount credited to common stock=$102000-$1000=$101000

This can be shown with entries below:

Dr Bond payable     $100000

Dr Bond premium    $1000

Cr Common stock                      $101000

3 0
3 years ago
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