Costs assigned to the building of a house should appear on the income statement when Answer a. the purchase order to manufacture the house is received. b. the house is sold. c. cash is collected for the sale of the house. d. the house is completed. The basic document for keeping track of costs in a job order costing system is a Answer a. labor time card. b. job order cost card. c. process cost report. d. materials requisition form. The following information is available at the
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and calculating the payroll. In addition‚ this study aims to develop a reliable and manageable computerized payroll system for Dona Aurora National High School‚ Sta. Rita‚ Aurora‚ Isabela for a better manageable of a business. The Proposed Computerized Payroll System will give a big relief of the employee and employers as well. Objectives of the Study The objective of the study is to access the present payroll system of Dona Aurora National High School‚ Sta. Rita‚ Aurora‚ Isabela. 1) To identify
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In a company‚ payroll is the sum of all financial records of salaries for an employee‚ wages‚ bonuses and deductions. In accounting‚ payroll refers to the amount paid to employees for working for a period of time. Payroll is crucial because payroll and payroll taxes considerably affect the net income of most companies and they are subject to laws and regulations. The primary mission of the payroll department is to ensure that all employees are paid accurately and timely with the correct allowances
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Police systems in the United States Chapter 6 Serge Baranov Mutual Pledge that organized the country at several levels. At the lowest level were tithing’s‚ 10 families grouped together who assumed mutual responsibility for the acts of their members. At the next level ‚ 10 tithing’s or 100 families‚ were grouped together into a hundred. Magistrates in 17 century were some officials whose duties included enforcing the law and keeping the peace. Thief-takers – private detectives who
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1. How do payroll taxes levied on the earnings of workers affect their decision about how much leisure they consume? Americans during our time are living much longer and the payroll taxes levied on the earnings of the workers are not going to be enough to pay for those who are retiring. The affects of the decision about how much leisure they may consume will depend on if the real wages keep pace with the benefits offered in retirement. The fossils of today are very expensive and are now consuming
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Chapter Six examined several biases and errors individuals make during a decision. One of those biases is called confirmation bias. According to the text‚ confirmation bias is defined as the tendency to seek out information that reaffirms past choices and to discount information that contradicts past judgements. In other words‚ individuals favor information that confirms previously existing beliefs or biases‚ despite attaining information that challenges the assumption(s). Moreover‚ individuals are
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CHAPTER 3 The Accounting Cycle QUESTIONS Q3-1. Much more judgement is required for accrual accounting than for cash accounting because there is greater uncertainty at the time events are recorded in the accounting system. There is no uncertainty around the point in time when the cash is paid or collected. Accrual accounting records economic events‚ not cash flows. When an economic event occurs can be ambiguous. It’s less certain when revenue has been earned than when cash is received. It
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Graci Kaiser Leadership (NR 4600.01) Professor Fagan April 7‚ 2024 In Five Days at Memorial‚ Chapter Six and Chapter Seven explained the evacuation from the hospital and the euthanasia of both animals and humans‚ and Chapter Eight described the legal aftermath of Hurricane Katrina. There were many decisions that had to be made by the healthcare management team‚ doctors‚ and nurses regarding patients and transportation out of the hospital. These staff members were faced with distressing circumstances
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E -11 DM 5 DL 4 VMO 3 FMO = 180‚000/50‚000 = 3.6 Total = 15.6 15.6 * 5‚000 (50‚000-45000) = 78‚000 E-12 DM 5 DL 4 VMO 3 Cost per unit = 12 $ EIV = 12 * 5000 = 60‚000 E-13 Difference 3.6 * 5000 = 18‚000 And 78‚000 – 60‚000 = 18‚000 E-14 CGS sold = 45000(sold) * 15.60 = 702‚000 E15 12 * 45000 = 540‚000 E16 Sales = 30 * 45‚000 = 1‚350‚000 CGS 702‚000 CM 648‚000 Less S & admin. 160‚000 Net income 488‚000 E17 Sales =
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When reading these chapters I felt like there’s a lot of useful things I need to be using not only for this class but other classes as well. In the last presentation there were things I lagged on. For example in one of the sections it said using more than one examples are crucial to when making a point or presenting something. I did not use enough examples in my presentation which made not only my presentation less on time but less informative to my audience. Another problem I tend to have trying
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