Still No Payment?
Ok. What do I do here. I did work for a company in August/September of finishing year. I have the sheets that state that I be promised payment in 30 days. I never received payment. This is almost 400 dollars that I am owed. I call the company in December who said they be having problems beside getting the money from their clients and that I should receive half sum (this was around 12/14) after the other half contained by the beginning of January. To which I stated that that be great. They couldn't pay their bills so they are stiffing me? The girl be really intimidated by me as I was hugely upset. I still haven't received any payment. Now the companies website is still here, but the phone numbers are gone (I am sure disconnected by now as I call them before and couldn't return with through to anyone and all correspondence boxes were full). I am sure the place have pretty much gone under but they still own a website and they still have a contact email.Answers: Depending on whetther the company is a sole prop or a corporation will effect wheter or not you own recourse. If they are truly out of business, this small amount will probably have to be written past its sell-by date. Your best bet is to find a local (read..small) collection professional and place there at a contingent rate. A small/non-national agency will insure that a small set off like yours will obtain attention and will probably only cost you give or take a few 30% of the placement, but only if they collect it for you. The professionals will enjoy ways to confirm what happened to the business and if you hold any recourse.
They probably closed up. If you file contained by small claims you may find out that they filed collapse and then you are out the small claims file fees as well.
Sounds similar to you got the short train of the stick.
Is this undertaking a checking scam? inevitability aid!?
So a couple of days ago I applied for a UK company that sells art supplies, mostly beads. They vend them via catalogs to schools and homes. So they asked me for adjectives my information, locations of Fedex or UPS, and cost of stamps. I replied and they said that my job be to ship out their catalogs and mails to customers whom they will make a contribution me a list, and that they would provide adjectives the shipping material expenses first. However today, they said that their accounting department have mistakenly shipped me the wrong check of $3,800, instead of $450, and now they want me to dosh it from the bank, nick $450, and finally wire it fund via Western Union. I'm not sure whether they really made a mistake or not since they do have a site, not the best, and he used gmail as his email. I am aware of the checking scam going around, but I'm still not sure. Please oblige me with any information that you own! thanks.Answers: Do you hold a written contract with them?
Never use your personal hill account for a company's expenses.
If they are a legit business, they should hold simply stopped payment on the $3800 check.
Accounting depletion, depreciation quiz?
Authorized to issue 80,000 shares, par$50. On the date of organization, it sold 20,000 shares at par for change. the remaining shares were exchanged for recoverable ore deposits at 800,000 tons.the property have a value of 3,000,000.
Mine improvements totaled $45,000.
Building and sheds be constructed at $99,000.
During the year, 50,000 tons were mined; 4,000 tons of this amount be sold at $17 per ton. expenses incurred and paid during the fiscal year be:
-mining expense 151,750
-delivery 15,000
-general and administrative 12,800
note: building and sheds will be adjectives over the life of the mine. as a consequence, depreciation is recognized surrounded by terms of mine output.
what is the accumulate depreciation and accumulated depletion surrounded by this problem? PLEASE ANY1
Answers: The question's not very clear, so I'll assume that the 800k tons of ore deposits be valued at $3m and that the the mine improvements and building and sheds were constructed after the shares be issued and therefore the $45k and $99k be not part of the $3m.
The ore deposits at 800,000 tons be valued at $3,000,000. During the year, 50k tons were mined, so depletion be 50,000/800,000 = 6.25% x 3,000,000 = 187,500
Dr Depletion of ore deposits $187,500
Cr Accd depletion of ore deposits $187,500
If you apply this to mine improvements, your depreciation would be:
Dr Depn - mine improvements $2,812.50
Dr Depn - bldg & sheds $6,187.50
Cr Accd depn - mine improvements $2,812.50
Cr Accd depn - bldg & sheds $6,187.50
6.25% of $45,000 = $2,812.50
6.25% of $99,000 = $6,187.50