Dr. E serves as a journal editor, for which she receives no compensation from the journal...

Dr. E serves as a journal editor, for which she receives no compensation from the journal and spends on average 8 hours per week.
No institutional funds are used to support the journal activities and none of Dr. E’s journal-related expenses are reimbursed by hospital, although her administrative assistant is compensated by funds made available to the institution by the journal.
How should Dr. E characterize the time she spends with the journal?

Should Dr. E include this effort in determining the overall hours that form the denominator (Total Effort) of her Actual Effort calculation?

Expert Solution

Given, Dr.E serves as a journal editor, for which she receives no compensation from the journals and spends on average 8 hours per week. No institutional funds are used to support the journal activities. Journla related expenses are also not reimbursed, although her administrative assistant is compensated by funds.

How should Dr. E characterize the time she spends with the journal?

Dr.E does not get any compensation from the journal. Dr.E have to consider the time spent with the journal as Outside Consulting.

Should Dr. E include this effort in determining the overall hours that form the denominator (Total Effort) of her Actual Effort calculation?

Actually the total effort must be always 100% and the compensation has to be made to the actual efforts to the total efforts. Here, Dr.E is not received any compensation for her efforts. So, Dr.E should not include this effort in determing the overall hours that form the denominator (Total effort) of her Actual effort calculation

ekkarill92 answered 2 years ago

A wastewater treatment plant, which serves a population of 300,000 people, receives an average daily volume...

A wastewater treatment plant, which serves a population of 300,000 people, receives an average daily volume of 24 million gallons per day (MGD) at an average influent 5-day biochemical oxygen demand concentration of 200 mgBOD5/L and an average influent total suspended solids concentration of 220 mgTSS/L. The plant operates a primary sedimentation process that remove 65% of the incoming TSS and 35% of the incoming BOD5%. This process is followed by a secondary treatment process before discharge to the local...

Norma receives $500, 000 from a life insurance policy with which she purchases an annuity-certain. The...

Norma receives $500, 000 from a life insurance policy with which she purchases an annuity-certain. The annuity will pay 10 equal annual installments, with the first payment made immediately. On the day she receives her fourth payments she is offered, in lieu of the future annual payments, a new payments scheme: (a) 4 annual payments of $40, 000, beginning in one year, followed by a monthly perpetuity of X. (b) The first monthly perpetuity payment would occur one month after...

stintits Co. has an incentive compensation plan through which a division manager receives a bonus equal...

stintits Co. has an incentive compensation plan through which a division manager receives a bonus equal to 10% of the division’s net income. Division income in 2019 before the bonus and income tax was $150,000. The tax rate is 21%. Required: Express the bonus formula as one or more algebraic equation(s). Using these formulas, calculate the amount of the bonus. Prepare the adjusting entry to record the bonus compensation. Bonus arrangements take many forms. Suppose the bonus specifies that the...

Match each of the following transactions to the journal (a through e) in which it would...

Match each of the following transactions to the journal (a through e) in which it would be entered. Rendered services on account Drag answer here Received payment from customer on account Drag answer here Received cash from the bank in exchange for a note payable Drag answer here Purchased supplies on account Drag answer here Paid vendor on account Drag answer here Withdrew cash for personal use (by owner) Drag answer here Withdrew supplies from the business for personal use...

Annie is a payroll clerk in Wilty Enterprises. She receives a written notice from the IRS...

Annie is a payroll clerk in Wilty Enterprises. She receives a written notice from the IRS that Wilty Enterprises is a monthly schedule depositor. How is the deposit schedule determined? Multiple Choice The payroll frequency used by the company. The payroll tax liability during the lookback period. The amount of FUTA taxes paid. The number of employees in the company.

Janet is running a painting business. She receives $200,000 payment from buyers at the end of...

Janet is running a painting business. She receives $200,000 payment from buyers at the end of year, at which time she also pays $20,000 fixed cost and 30% of the revenues as a variable cost. 1.An opportunity for new business opens for Janet from which she will make $100,000 accounting profits at the end of year. If she takes this new business, then she has to reduce her work for painting business, so the revenue from painting business will drop...

Nov. 8 Natalie cashes her U.S. Savings Bonds and receives $520, which she deposits in her...

Nov. 8 Natalie cashes her U.S. Savings Bonds and receives $520, which she deposits in her personal bank account. 8 She opens a bank account under the name “Cookie Creations” and transfers $500 from her personal account to the new account. 11 Natalie pays $65 for advertising. 13 She buys baking supplies, such as flour, sugar, butter, and chocolate chips, for $125 cash. (Hint: Use Supplies account.) 14 Natalie starts to gather some baking equipment to take with her when...

Which form of compensation is a partner entitled to receive from a partnership? A. Weekly salary...

Which form of compensation is a partner entitled to receive from a partnership? A. Weekly salary for work performed. B. Fair market value for services rendered. C. A share of partnership profits. D. A reasonable management fee for managing the business. In Finch v. Raymer, the court ruled that the plaintiff and defendant had formed a partnership to renovate real property because: A. Title to the real property was held in the names of both parties. B. Defendant had...

5. A loan in which the lender receives a percentage of the net operating income from...

5. A loan in which the lender receives a percentage of the net operating income from the property is known as a(n)? A) Participation loan (B) Accrual loan (C) Convertible loan (D) Percentage loan

Which statement is true of an e-distributor? a. An e-distributor offers services from different vendors in...

Which statement is true of an e-distributor? a. An e-distributor offers services from different vendors in separate packages. b. An e-distributor provides products and services at high prices. c. An e-distributor offers fast delivery of a wide selection of products and services. d. An e-distributor is responsible for distributing a handheld catalog of products.

Question