26 b. -26 c. -16 d. 16 22. What is the product of -14 and -7? a. 98 b.
The lease requires an annual rental of $2,000, due in arrears on December 31. On December 30, Wendy went to Larry’s office with a check that
During the time of Mr. Eldridge’s unemployment he did not make child support payments. In January 2008, Mrs. Eldridge filed a motion with the court that entered the divorce decree, seeking an order forcing Mr. Eldridge to pay a total of $7,000 in missed child support payments. Mr. Eldridge countered with a petition to modify his child support obligation. The petition requested that he be excused from having to pay the obligations that accrued during his ten month unemployment period. The court ordered Mr. Eldridge to pay half of the amount due, totaling $3,500 and excused him from the remainder of the balance, due to the factor the Mr. Eldridge was unemployed during the months that the child support was being accrued.
True False The job cost sheet is used in both job-order and process costing. True False Byklea Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 200 units. The costs and percentage completion of these units in beginning inventory were: A total of 7,000 units were started and 6,700 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 90% complete with respect to materials and 45% complete with respect to conversion costs.
Management wants to maintain the ending direct materials inventory at 60% of the following month's production needs. 4. Seventy percent of all purchases are paid in the month of purchase; the remaining 30% are paid in the subsequent month. 5. Watson's product requires 30 minutes of direct labor time.
Name:_______________ Part I Open-ended question (10 points; 20% of exam) ID:____________ For Quick Start the first month in business has ended. In the last days of December 2005, they already received contributed capital of € 6,000 and they obtained a five-year bank loan of € 24,000 at an annual rate of interest of 10 percent. Interest has to be paid each year on October 31. On December 31, 2005 various store equipment was purchased at a total cost of € 12,000, paid in cash. It is expected that the equipment has to be replaced after five years.
A company leases a machine on January 1, Year One for five years which call for annual payments of $4,000 for the first year and then $10,000 per year after that. The present value of these payments based on a reasonable interest rate of 10 percent is assumed to be $38,000. This lease
2. Pablo purchased a lathe on January 1, 2009, at a cost of $45,000. At the time of purchase, the lathe was expected to have a five-year economic life and a residual value of $3,000. Pablo uses straight-line depreciation. At the beginning of 2011, Pablo estimated the
According to the Fair Labor Standards Act of 1938, an employee who works more than the maximum of forty hours per weeks must be paid no less than 1.5 times his/her regular pay rate for all hours over forty (Hollowell & Miller, 2012). The FLSA takes concern in child labor laws, minimum wages, and overtime provisions. Overtime is usually referred to as “time and a half”, which means you are paid one and a half times the hourly rate for each hour worked over the forty hour limit. In this case, I only achieved more than forty hours for the first two weeks. Since I am a non-exempt employee, I have to be paid minimum wage: $7.25 as of July 24, 2009 (Hollowell & Miller, 2012).
(352) She speaks of the only being allowed to go home one week out of the year, and that two of those days were spent for travel. (352) What puzzles me is all the turmoil and abuse she went through while she was there and that her mother and grandmother knew all about this and still allowed her to go there. She speaks of one incident, "Once when I was thirteen years old, I refused to go to Mass. A nun grabbed me by my hair, dragged me upstairs, made made me stoop over, pulled my dress up, pulled my panties down,