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spayn [35]
3 years ago
8

{The following information applies to the questions displayed be/ow. Fighting Irish Incorporated pays its employees $3,220 every

two weeks ($230/day). The current two-week pay period ends on December 28, 2018, and employees are paid $3,220. The next two-week pay period ends on January 11, 2019, and employees are paid $3,220. 3. Calculate the 2018 year- end adjusted balance of Salaries Payable (assuming the balance of Salaries Payable befu adjustment in 2018 is $0).
Business
1 answer:
matrenka [14]3 years ago
6 0

Answer: $690

Explanation:

The 2018 year- end adjusted balance of Salaries Payable will be calculated as:

= January 1, 2018 balance + Adjustment on December 31, 2018

= $0 + $690

= $690

Note: Salaries accrued at December 31, 2018 will be:

= (Number of days from December 29 - 31) × Salary per day

= 3 × $230

= $690

Therefore, the balance on salaries payable is $690

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For a 12-person team, how many additional employees will need to be hired to meet the labor hours needed without overtime
Snowcat [4.5K]

The additional number of employees needed is 3.

Total labor hours required per week = 600

Available regular hour per person per week = 40

For  12-person team, the total available regular hour = 40*12 = 480 per week.

Additional regular hours required to fulfill the requirement = 600 - 480 = 120 hours per week.

Additional number of employees needed = Additional regular hours required / Regular hour per person per week

Additional number of employees needed = 120/40

Additional number of employees needed = 3

The missing word is <em>"amazon Labor Information -Regular Rate $15.00/hr -Overtime Rate $22.50/hr -Targeted Labor Cost $9,000/wk -Labor Hours Needed 600/wk -Any hour worked over 40 hrs/wk must be paid overtime rate For a 12-person team, how many additic 3 3 15 50 120 750</em>"

See similar solution here

<em>brainly.com/question/11776482</em>

7 0
3 years ago
Last month, Duncan Incorporated’s Assembly Division had total manufacturing costs of $457,250, total conversion costs of $279,00
mars1129 [50]

Answer:

The answer is: Duncan's materials costs per unit was $1.50 ($6.10 - $4.60) less than Davis's materials costs per unit.

Explanation:

We must first calculate the materials costs for both companies:

  • Duncan's total costs was $457,250 minus conversion costs of $279,000 equals total materials costs of $178,250.
  • Davis's total costs was $721,056 minus conversion costs of $381,408 equals total materials costs of $339,648 .

Now we calculate the materials costs per unit produced:

  • Duncan's total materials costs $178,250 divided by 38,750 units equals $4.60 per unit.
  • Davis's total materials costs $339,648  divided by 55,680 units equals $6.10 per unit.

So Duncan's materials costs per unit was $1.50 ($6.10 - $4.60) less than Davis's materials costs per unit.

.

6 0
3 years ago
Mary O. Andrettey wants to purchase an expensive sports car. She needs to borrow money to purchase the car, and has loan proposa
irina [24]

Answer: Proposal C

Explanation:

The way to solve this is to calculate the Present Values of all these payments. The smallest present value is the best.

Proposal A.

Periodic payment of $2,000 makes this an annuity.

Present value of Annuity = Annuity * ( 1 - ( 1 + r ) ^ -n)/r

= 2,000 * (1 - (1 + 0.5%)⁻⁶⁰) / 0.5%

= $103,451.12

Proposal B

Present value = Down payment + present value of annuity

= 10,000 + [2,200 * ( 1 - ( 1 + 0.5%)⁻⁴⁸) / 0.5%]

= 10,000 + 93,676.70

= $103,676.70

Proposal C

Present value = Present value of annuity + Present value of future payment

= [500 * (1 - (1 + 0.5%)⁻³⁶) / 0.5%] + [116,000 / (1 + 0.5%)⁶⁰]

= 16,435.51 + 85,999.17

= $‭102,434.68‬

<em>Proposal C has the lowest present value and so is best. </em>

6 0
3 years ago
A company has three product lines, one of which reflects the following results: Sales $235000 Variable expenses 135000 Contribut
Zepler [3.9K]

Answer:

If management decides to eliminate this product line, the company’s net income will reduce by $22,000

Explanation:

<em>A product should be shut down if doing so would make the savings in fixed costs associated with the product to exceed the lost contribution. Other wise , the product should remain.</em>

<em>In a shut down decision , the following relevant cash flows should be considered:</em>

  1. <em>Lost contribution from the product to be shut down</em>
  2. <em>Savings in fixed directly attributable to the product under consideration.</em>

                                                                                                           $                                                                                            

Lost contribution from shut down                                        (100,000)

Savings in fixed cost (60% × 130,000)                                 <u>  78,000</u>

Net loss from shut down                                                      <u>  (22,000)</u>

Net loss from shut down = $(22,000)

If management decides to eliminate this product line, the company’s net income will reduce by $22,000

                     

3 0
3 years ago
What is the primary characteristic that differentials a zero based budget from a conventional budget. A. A zero based budget doe
Oksana_A [137]

Answer:

B. The zero based budget requires managers to re-justify every planned expenditure every year.

Explanation:

A zero based budget is one that does not take into account historical data when it is considering the present year budget. Each departmental requirement is re-evaluated and a new amount is assigned as budget for the year.

However conventional budgets carryover the previous year's expenses as a base data point. This results in similar budgeting across years.

So the main difference between the two is that zero based budget requires managers to re-justify every planned expenditure every year.

8 0
3 years ago
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