Angel Bellini is the payroll accountant for Pyrondo Fireworks, and has been asked for information about employees and independent contractors. Required: What are three of the key differences between employees and independent contractors? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. Investment and control the company has over the employee Decisions Management Ownership of any tools Number of hours worked The extent the employee's work Educational level
Q: get answer Without fail please provide it
A: Using LIFO method, using the table below:Date Transaction Units / PriceUnits…
Q: In Bramble Corp.'s income statement, they report a gross profit of $44,000 at standard and the…
A: Step 1. Calculate the total Materials VarianceMaterials Price Variance: $420 FMaterials Quantity…
Q: A9 pl
A: To calculate the total manufacturing cost, we need to consider the various components involved in…
Q: General Motors invests in securities of other companies. Access GM’s 2019 10-K (which includes…
A: In the fiscal year ending December 31, 2019, General Motors (GM) showcased a robust financial…
Q: Since 2005, Modco has a full range of groceries and general merchandise sold through 8,000 retail…
A: Introduction:Modco has demonstrated its ten-year dedication to sustainability through its operations…
Q: Mercer Asbestos Removal Company removes potentially toxic asbestos insulation from buildings. There…
A: The first stage of activity-based costing involves assigning costs to the activity cost pools. In…
Q: Get Answer
A: Step 1: The cost basis includes the purchase price of the machine and the costs related to bringing…
Q: Blake Hudnall is Conosis Incorporated's payroll accountant. During a casual conversation with…
A: The ethical guidelines that pertain to this situation are:1. Professional competence and due care:…
Q: How do you get external financial balance for the start of the month on a cash flow summary? How do…
A: Starting Cash Balance: This is the amount of money in circulation at the start of the month. It is…
Q: During FY 2018 Bay Manufacturing had total manufacturing costs are $442,000. Their cost of goods…
A: In accounting, the Work-in-Process (WIP) Inventory represents the costs of unfinished goods in the…
Q: The Millard Division's operating data for the past two years are provided below: Return on…
A: Step 1:
Q: None
A: SOLUTION. To determine Jay Aguire's remaining loan balance after month two's payment, we need to…
Q: PLS HELP ASAP @@
A: Redfern Audio, a manufacturer of audio equipment, operates its Campus Facility where it produces two…
Q: please answer in text form with proper workings and explanation for each and every part and steps…
A: Step 1: Introduction to budgetingBudgeting is defined as the process of preparing a financial plan…
Q: The Zeron Corporation wants to purchase a new machine for its factory operations at a cost of…
A: Calculate the net present value of the investment using Excel as follows:Formula sheet: Yes, the…
Q: The following data from the just completed year are taken from the accounting records of Mason…
A: Certainly! Let's go through a detailed explanation of each step required to prepare the schedule of…
Q: At September 1, 2010, Kern Enterprises reported a cash balance of $45,000. During the month, Kern…
A: The initial cash balance reported by Kern Enterprises on September 1, 2010, is $45,000. This is the…
Q: Which of the following items should NOT be disclosed regarding Property, Plant and Equipment? O The…
A: Property, Plant and Equipment (PPE) are tangible items that are held for use in the production or…
Q: Piper Rose Boutique has been approached by the community college to make special polo shirts for the…
A: Differential revenue from accepting offerThis is calculated by multiplying the number of polos…
Q: Manufacturing costs are estimated to be $360,000 and $450,000 for July and August respectively.…
A: First, we need to calculate the cash manufacturing costs for July and August. The total…
Q: Compute the taxable income for 2023 in each of the following independent situations:…
A: SOLUTION.To compute the taxable income for each of these individuals for 2023, we follow these…
Q: get all answer
A: If you have any clarifications (i.e., expand the explanation) or want different, expanded, or…
Q: None
A: Approach to solving the question: For better clarity of the solution, I have attached the Excel…
Q: The following are the accounts in the financial statements of PT. Kurnia Selaras for the years 2022…
A: Financial Ratios plays a key role in financial analysis of a company. Ratio Analysis helps to…
Q: please give me answer in relatable
A: Requirement b) Roles of Financial Reporting in Capital MarketsIn conclusion, financial reporting…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: 1. Calculation of Average Operating Assets ParticularsBeginning BalanceEnding BalanceCash $…
Q: provide both answer
A: Step 1: Calculate Net EarningsSelf-employed individuals pay self-employment tax on their net…
Q: Manufacturing costs are estimated to be $360,000 and $450,000 for July and August respectively.…
A: First, we need to calculate the cash manufacturing costs for July and August. The manufacturing…
Q: Multiple Choice Question "Roper Spring Water" is considering a new bottling line that costs…
A:
Q: None
A: Step 1: If sales decline to 900 units, Net Operating Income equals the contribution margin on 900…
Q: Tina Parker, a single mother, is 20 years old. She has called on you for an insurance consultation.…
A: 20a). Insurance coverage under each policy:Term Policy: Annual premium per $1,000 of coverage =…
Q: Dowell Company produces a single product. Its income statements under absorption costing for its…
A: Question: Given Information: a. Sales and production data for these two years: Units produced:…
Q: answer provide pleaase
A: To find the total productivity, we'll use the formula:Total Productivity (TP) =Output / Total…
Q: Mike Macinski Leasing Company leases a new machine that has a cost and fair value of $85,300 to…
A: The first step is to calculate the annual lease payment. This can be done using the formula for the…
Q: please give me answer in relatable
A: Part B: Payment of the Net PayrollJournal Entry:DateAccountDebitCreditMay 31Salaries Payable114,469…
Q: 2. Al Harith Company reports the following financial information before adjustments: RO Account…
A: To prepare the journal entry to record Bad Debt Expense for Al Harith Company, we need to calculate…
Q: Question 8 Profit Margin is 10 Points A a ratio of Net Income to all revenues B a percentage of all…
A: Profit margin is a financial ratio that shows how much of every dollar earned in sales is translated…
Q: Consolidated Industries is planning to operate for 10 more years and then cease operations. At that…
A:
Q: Which of the following statements regarding CSR reporting is true? a. CSR and sustainability…
A: Corporate Social Responsibility (CSR) reporting is a self-regulating business model that helps a…
Q: Computing Impairment of Intangible Assets Stiller Company had the following information for its…
A: Step 1: Cost of Patent = $140,000Annual Amortization = Cost / Useful Life = $140,000 / 15 =…
Q: A building with a book value of $46,349 is sold for $61,396 cash. Using the indirect method, this…
A: Step 1:When an asset is sold for an amount higher than its book value it means that the asset is…
Q: Nictus Limited produces electrical blankets. The blankets are sold for R 750 per unit and variable…
A: Step 1: Total net profit can be calculated by subtracting the total fixed costs from the…
Q: Nominated Proof-of-Stake (NPoS)Polkadot implements Nominated Proof-of-Stake (NPoS), a relatively…
A: Before we delve into the reasons why Polkadot would choose Proof-of-Stake (PoS) over Proof-of-Work…
Q: The following transactions are July activities of Bennett's Bowling, Incorporated, which operates…
A: Transaction a:This transaction increases cash because the company received money.It also increases…
Q: Kindly provide the following given that your current status is middle average and current position…
A: 1. Define Investment Objectives, Risk Tolerance, and Time Horizon- **Investment Objectives**: As a…
Q: Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 10 15 20…
A: Step 1: the cost of merchandise after each sale and the inventory balance after each sale…
Q: A $140,000 bond bearing interest at 5% payablo semi annually is bought nina years bofor maturity to…
A: The bond pays interest semi-annually at a rate of 5%. Therefore, the semi-annual interest payment…
Q: None
A: Step 1: The retained earnings Statement is prepared to calculate the retained earnings at the end…
Q: None
A: By following the steps above, you can accurately determine the total interest expense for the year…
Q: Lendrum Servicing's four employees are paid every two weeks. Atkins runs the office and the…
A: Completing Lendrum Servicing's Bi-Weekly Payroll Register (Detailed explanation)Here's a breakdown…
Unlock instant AI solutions
Tap the button
to generate a solution
Click the button to generate
a solution
- Assume that you are preparing for a second interview with a manufacturing company. The company is impressed with your credentials, but it has several qualified applicants. You anticipate that in this second interview, you must show what you offer over other candidates. You learn the company is not satisfied with the timeliness of its information and its inventory management. The company manufactures custom-order holiday decorations and display items. To show your abilities, you plan to recommend that the company use a job order accounting system. Required In preparation for the interview, prepare notes outlining the following: 1. Your recommendation and why it is suitable for this company. 2. A general description of the documents that the proposed system requires. 3. How the documents in part 2 facilitate the operation of the job order accounting system.In this section, you are asked to review and comment on the one of the business cycles provided. Complete steps 1 and 2 prior to preparing your response: 1. Choose from one of the following cycles: Payroll or Purchasing. 2. Review the list of main activities in the cycle you chose (a summary of main activities is listed for each cycle) from the table below. Payroll Activities 1. Hiring Employees 2. Authorizing Payroll Changes Purchasing Activities 1. Requisitioning goods and services 2. Preparing purchase ordersNgai Nhung is the sales manager at Hung Technologies. At lunch with the company CEO, Ngai proudly announced that he had received a __ from a client. The client had just requested a large quantity of components from Hung. A. purchase order B. purchase requisition C. back order D. voucher E. bill of lading
- A friend owns and operates a consulting firm that works for a single client under one consulting agreement. The consulting firm bills the client monthly for charges incurred. She asks you whether you would recommend a job costing or process costing system for her business. What would you recommend? Why? Explain in detail citing specific reasons for your decision. Please be detailedTask 2- Service providers1. Based on the company scenario provided above, research the suitability of at least four payroll software products, from different providers, for processing your payroll in-house. Next research the suitability of at least four payroll service providers if you were to consider outsourcing your payroll. You are required to provide a short summary of the providers you have suggested. 2. Research and explain the different payroll lifecycle and software packages selected for two different organisations, one processing payroll for 20,000 employees and another processing payroll for 200 employees, both having a monthly pay frequency. (i) Explain your decision and an estimation of the costs relating to monetary value and time?● Include in your response to this task how you would manage the provider/customer and other stakeholder relationships necessary to influence successful payroll outcomes including delivery, customer care and enquiry handling. Identify the risks…You’ve just started your first accounting job, as the accounts payable and payroll clerk for Copperfield and Company, a provider of delicate wine glasses to restaurants. Your predecessor left the job suddenly, and was not able to complete all the tasks before leaving. You need to get up to speed and complete the unfinished tasks as soon as possible. Your tasks on your first day are the following: 1. Review the Payroll Journal entries made by your predecessor. 2. Compute the relevant amounts for the company’s short-term note payable and determine whether your predecessor’s journal entries are correct. 3. Confirm the journal entry for this year’s payment on an installment note. 4. Make a recommendation as to whether the company should journalize any warranty expense for the month. You decide to get started - the sooner the better! The following Payroll Journal entries for Oct. 15 were made by your predecessor. For FICA tax, assume that the social security rate is 6.0% and the Medicare…
- A friend owns and operates a consulting firm that works for a single client under one consulting agreement. The consulting firm bills the client monthly for charges incurred. She asks you whether you would recommend a job costing or process costing system for her business. What would you recommend? Why? Explain in detail citing specific reasons for your decision.You are interviewing for an accountant position with Smith Industries. There are several candidates, and you intend to stand out. You learn the company is not satisfied with the timeliness of its information and its inventory management. The company manufactures custom-order holiday decorations and display items. To show your abilities, you plan to recommend the company use a job order accounting system., include recommendations and why a job order costing system would be advantageous to the company.ARE YOU RIGHT OR WRONG? 1. Ideally, each salary check was handed to the employee, who signs a receipt for it. 2. The total revenue taxes deducted from an employee's gross compensation is a business expenditure. 3. The Task in Process account is debited for the amount of direct labour (at normal rate) invoiced to the various works in progress.
- mada) Question 2 - A new employee has started working with you, and you are training them to use the payroll module in QuickBooks Online. Outline the steps for entering an employee's wages and/or salary in QuickBooks Online. Answer: Question 3 - Explain how to calculate and enter employees' commission in QuickBooks Online. Answer: Question 4-What is the TD1 form? Explain its purpose. Answer: Accessibility: Investigate 1The following events occurred over the course of a year at Coronado Corp., which uses a job order costing system: 1. Direct materials purchases totaled $586,000. Coronado Corp tracks its direct materials separately from its indirect materials. Purchases were made on account. 2. $133,000 of indirect materials were used in production. Coronado uses a separate Supplies Inventory account for indirect materials. 3. $556,000 of direct materials were used in production. 4. The direct labor payroll was $791,000 (credit Wages Payable). 5. Other manufacturing overhead costs incurred during the year totaled $684,000. 6. Coronado applies overhead based on a predetermined overhead rate of $24 per machine hour. The company used 48,000 machine hours during the year. 7. During the year, Coronado transferred goods costing $2,430,000 into the Finished Goods Inventory account. 8. Coronado sold products with a manufacturing cost of $2,398,000 to customers during the year.You are employed as an accountant for Innovative Computing. Your company is in the process of signing a large contract with an electronics components supplier. You have a friend who works for the electronics components supplier, and you are aware of the company having trouble paying bills. *Explain why you should or should not report this to your employer before the purchase.