Which of the following is/are true about FUTA obligations? (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.)

• FUTA is subject to a 5.4 percent reduction based on employer and state factors.unanswered
• FUTA applies to all companies.unanswered
• FUTA is subject to a $7,000 wage base per employee.unanswered
• FUTA is an employer-only tax.

Write a report for a university tutor describing the production process.

Advise the financial management strategies the business followed that assisted optimum tax position?

As an accountant what organisational policy and procedures you must follow in relation to the preparation of tax documents of a company ?

As a part of the document management process what would you do to ensure that your tax return satisfies the compliance requirements?

Based on your finding above what is the BAS lodgement due dates of a company ?

Explain one type of stock or hybrid (something between debt and stock) debt/equity security that a company uses to generate capital (you are addressing stock from the standpoint of equity, not as an investment).  Do not include basic common or preferred stock.  Variants of these are permitted though.  Note no duplication is allowed.  If you post a similar security as another student, credit will be given to the person who first posts.  Be sure to indicate accounting treatment, advantages & disadvantages of the security to each the issuer and the investor. 

Explain one type of bond to the group.  Examples (all usable, but no duplication) are junk bonds, mortgage bonds, bonds with sinking funds, equipment trust certificate, debentures, etc.  What advantages and disadvantages to each the issuer and the investor?

Cost of Goods Sold Budget

Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 23,400 barrels of oil for purchase in June for $70 per barrel. Direct labor budgeted in the chemical process was $180,200 for June. Factory overhead was budgeted at $294,800 during June. The inventories on June 1 were estimated to be:

The desired inventories on June 30 were:

Use the preceding information to prepare a cost of goods sold budget for June. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Key learnings - Perform research and reflect upon what happened to include some ideas or recommendations on what could have been done to reduce the severity and global impact of the 2008 crisis. Consider some key risks and related impact. Consider who was responsible, or who should have been more responsible (i.e. financial institutions, government, central banks, households, businesses).

Krepps Corporation produces a single product. Last year, Krepps manufactured 27,540 units and sold 22,200 units. Production costs for the year were as follows:

Sales totaled $1,098,900 for the year, variable selling and administrative expenses totaled $115,440, and fixed selling and administrative expenses totaled $176,256. There was no beginning inventory. Assume that direct labor is a variable cost.

Under variable costing, the company's net operating income for the year would be:

The following data relate to direct materials costs for February:

Materials cost per yard: standard, $1.90; actual, $2.05
Standard yards per unit: standard, 4.69 yards; actual, 5.05 yards
Units of production: 9,500

Calculate the direct materials price variance.

a.$6,683.25 favorable

b.$1,425.00 unfavorable

c.$7,196.25 favorable

d.$7,196.25 unfavorable

Payroll may seem like an easy area to review however there are many items to review for this function. Please share your thoughts on auditing payroll and payroll accruals, etc. How would you approach this and what are specific areas/items you would want to verify?

Menlo Company distributes a single product. The company’s sales and expenses for last month follow:

Required:

1. What is the monthly break-even point in unit sales and in dollar sales?

2. Without resorting to computations, what is the total contribution margin at the break-even point?

3-a. How many units would have to be sold each month to attain a target profit of $66,000?

3-b. Verify your answer by preparing a contribution format income statement at the target sales level.

4. Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms.

5. What is the company’s CM ratio? If sales increase by $89,000 per month and there is no change in fixed expenses, by how much would you expect monthly net operating income to increase?

Lavage Rapide is a Canadian company that owns and operates a large automatic carwash facility near Montreal. The following table provides data concerning the company’s costs:

For example, electricity costs are $1,000 per month plus $0.07 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.90 per car washed.

The actual operating results for August appear below.

Required:

Complete the flexible budget performance report that shows the company’s activity variances and revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) PLEASE SHOW WORK

Hello. Please answer all my all questions.

Gallatin Carpet Cleaning is a small, family-owned business operating out of Bozeman, Montana. For its services, the company has always charged a flat fee per hundred square feet of carpet cleaned. The current fee is $23.95 per hundred square feet. However, there is some question about whether the company is actually making any money on jobs for some customers—particularly those located on remote ranches that require considerable travel time. The owner’s daughter, home for the summer from college, has suggested investigating this question using activity-based costing. After some discussion, she designed a simple system consisting of four activity cost pools. The activity cost pools and their activity measures appear below:

The total cost of operating the company for the year is $351,000 which includes the following costs:

Resource consumption is distributed across the activities as follows:

Job support consists of receiving calls from potential customers at the home office, scheduling jobs, billing, resolving issues, and so on.

Required:

1. Prepare the first-stage allocation of costs to the activity cost pools.
2. Compute the activity rates for the activity cost pools.
3. The company recently completed a 400 square foot carpet-cleaning job at the Flying N Ranch—a 51-mile round-trip journey from the company’s offices in Bozeman. Compute the cost of this job using the activity-based costing system.
4. The revenue from the Flying N Ranch was $95.80 (400 square feet @ $23.95 per hundred square feet). Calculate the customer margin earned on this job.

Holden Company issued the following bonds: Issue date – January 1, 2015. Maturity date – January 1, 2020. Par value – $100,000.

Market interest rate at time of issue – 10% annually. Stated interest rate – 9%. Issue price – $96,149. Interest paid – 4.5% semiannually, first on July 1, 2015.

Assume Dec. 31 is the fiscal year-end.

a. Prepare the journal entry to record the issuance of the bonds on Jan. 1, 2015.

b. Prepare the journal entries to record the interest expenses on July 1, 2015, and Dec. 31, 2015.

c. Prepare the journal entry to record the interest payment on Jan. 1, 2016.

DigitalWave startups had a maximum pie of the private equity and venture capital (PE/VC) funding last year. Discuss how arranging venture capital from the venture capitalist differs from Equity financing.

Plz answer in more than 500 words if possible.