Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. you have been running a construction company out o

You have been running a construction company out of your home with your spouse helping...

90.2K

Verified Solution

Question

Accounting

You have been running a construction company out of your home with your spouse helping you keep the books. The company has grown and has begun to take up too much of your and your spouse's time. The decision has been made to hire a part-time estimator to help you with the bidding and a full-time office manager. The office manager's duties will include accounting, receptionist, and secretarial duties. By hiring the new personnel you will need to move the company's operations out of your home and into an office. Use the cost information in Table 9-1 to prepare a cash flow budget for one year for continuing to operate out of your home and moving to a new office:
Table 9-1 Cost Information for Problem 10
\table[[Item,Cost],[Estimator's Wages,$19hr for 20 hrs/week],[Office Manager's Wages,$15hr for 40hrs? week],[Social Security,6.2% of wages to $128,700
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Data was collected from students to determine the effects on overall grade average and number of...

Statistics
Q

LI2+ ion (a) Calculate energy (in Joules) of the 2px orbital of the ion (b) Calculate energy (in...

Chemistry
Q

1.Find Macy P/E ratio, enter the stock symbol to get to the company's front page. (The...

Finance
Q

1. Calculate the mass of KHC8H4O4 (molar mass = 204.44g/mol) that reacts with 15mL of NaOH solution...

Chemistry
Q

What is the value of good Intelligence? Why is it crucial for policy makers to have...

Psychology
Q

Crude oil of density 970 kg.m-3 flows in a pipe of internal diameter 9 inches and...

Mechanical Engineering
Q

If you make 42 500 and get 1700 raises each year in how many years...

Basic Math
Q

Use the given degree of confidence and sample data to construct a confidence interval for...

Statistics
Q

Evaluate x-y for the given replacement values.x=6 and y=-37

Algebra
Q

QUESTION 3 (9 marks) Financial data for Beaker Company for last year appear below: Beaker...

Accounting
Q

Brief Exercise 9-8 Record bond issue at a premium and related semiannual interest (LO9-5) Pretzelmania,...

Accounting
Q

A company reports the following: a. Determine the rate earned on stockholders' equity. b. Determine...

Accounting