Describe & explain three characteristics of payroll related
Describe & explain three characteristics of payroll related taxes that make accounting for them so time consuming for a business (at least one of your topics should involve state income taxes).
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Phoenix Company reported sales of $430,000 for Year 1, $480,000 for Year 2, and $530,000 for Year 3. Using Year 1 as the base year, what were the trend percentage for Year 2 and Year 3?
In recent years, Juresic Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation method for each bus, and various methods were selected.
Austin Company uses a job order cost accounting system. The company's executives estimated that direct labor would be $4,930,000 (170,000 hours at $29/hour) and that factory overhead would be $1,410,000 for the current period.
Buster Container Company is suffering declining sales of its principal product, nonbiodegradeable plastic cartons. The president, Dennis Harwood, instructs his controller.
What metrics can be used to assess improvement or deterioration in liquidity?How is liquidity influenced by debt?How do different types of debt affect liquidity?
Bard Manufacturing uses a job order cost accounting system. During one month Bard purchased $191,000 of raw materials on credit; issued materials to production of $212,000 of which $13,000 were indirect.
Container Shipping, Inc. is contemplating the use of process costing to track the cost of its operations. The operation consists of three segments (departments): receiving, shipping, and delivery.
When a flexible budget is used in performance evaluation, actual costs are compared to what the costs should have been for the actual level of activity during the period rather than to the static planning budget.
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