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Accounting Assignment
Accounting Assignment
Payroll Accounting
a. Deductions to record the payroll entries are as following:
Deductions of Taxes from Payroll
Earning
Tax rate
Amount of Deductions
Social Security Tax
55000
6%
3300
Medicare Taxes
130000
1.50%
1950
Federal Income Taxes Withheld
7500
State Income Taxes
45000
5%
2250
Insurance Withholdings
45000
1%
450
Federal Unemployment Taxes
7000
0.80%
56
State Unemployment Taxes
7000
5.40%
378
b. Journal entry to record Brookhaven's payroll tax expense is as following:
Journal entries of Payroll
Date
Account Title
Debit
Credit
31 Dec ...
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ACCOUNTING ASSIGNMENT Accounting Assignment
Accounting Assignment
Answer 1)
The role of stakeholders and performance of any company are related to each other in numerous ways. Apparently, the performance is related to the sales turnover generated by the company; nevertheless, it is different stakeholders which are contributing towards this performance. If ...
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QFFM ASSIGNMENT
QFFM Assignment
QFFM Assignment
QUESTION 1
The managing partner for Westwood One Investment Managers Inc. gave a public seminar in
which she discussed a number of issues, including investment risk analysis. In that seminar, she
reminded people that the coefficient of variation can often be used as a measure of risk of ...
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CMG Module 4
CMG Module 4
Introduction
Agency for Healthcare Research and Quality (AHRQ) has the mission to the effectiveness, efficiency, safety and quality of health care of all Americans. The various expertise areas of Agency for Healthcare Research and Quality (AHRQ) include maintaining data on cost and health care, results and ...
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CMG Module
CMG Module
Introduction
The Agency for Healthcare Research and Quality (AHRQ) has been established to fulfill the mission of making improvements in the safety, quality, effectiveness and efficiency of health care of all Americans. This assignment is focused on providing a treatment of cost and pricing in the solicitation ...
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Competition Bikes Inc.
Competition Bikes Inc.
Activity based costing versus traditional costing
Mostly it is impossible for a business to identify the accurate cost of product or service. However, for effective decision making, businesses try to attain more accurate costing tools or procedures. The accurate cost of product or service can be calculated ...
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Business Strategy
Business Strategy
Business Strategy
Task 2
Self managed learning involves the processes used by student and life-long learners to identify their needs and develop goals in order to achieve their learning needs. The most important aspect of SML is the identification of one's learning style (Patel, C. & Patel, T. 2006). Knowing ...
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Understanding the Concept of Accounting and Financial Analysis
Introduction1
Discussion1
Section A1
Part A11
Part A23
Part A36
Part A48
Part A510
Section B12
B.1) Journal Entries12
B.2) Journal Ledgers (T. Accounts)14
B.3) Trail Balance of Wan Chai Limited18
B.4) Income Statement of Wan Chai Limited19
B.5) Balance Sheet of Wan Chai Limited20
Conclusion21
References22
Understanding the Concept of Accounting and Financial Analysis
Introduction
Use of accounting ...
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AUDIT PLAN
Understanding the Concept of the Audit Plan
Introduction1
Discussion2
Part a)2
Effect of this situation to the overall Audit plan2
Part b)3
Effect of this situation to the overall Audit plan4
Part c)5
Effect of this situation to the overall Audit plan6
Part d)6
Effect of this situation to the overall Audit plan7
Part e)7
Effect of this situation to the ...
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Sustainability Accounting
Sustainability Accounting
Introduction
In the view of Langfield-Smith (2009), sustainability accounting enables modern organizations to create quality information and promotes environmental friendly business procedures. The paper sets an argument in favour of the notion that sustainability accounting changed the traditional organizational practices. The paper aims to construct critical evaluation on the ...