Explain the depreciation types
In January Brodie Co. purchased a new machine costing $324,000 with a five year life and a salvage value of $30,000. Complete the following table for each of the depreciation types (Straight line and Double declining balance)
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Bradster Co. acquired 20% of the outstanding common stock of Curly Co. on January 1, 2011, by paying $800,000 for the 40,000 shares. Curly declared and paid $.80 per share cash dividends on June 15, and December 15, 2011. Curly reported net income
In the manufacture of 9,799 units of a product, direct materials cost incurred was $148,076, direct labor cost incurred was $89,102, and applied factory overhead was $56,966. What is the total conversion cost?
Cutters sells razors at $75 each. The razors have a 90 day warranty that requires the company to replace any nonworking razor. The Companys cost per razor is $20.
Department A had 4,251 units in work in process that were 74% completed as to labor and overhead at the beginning of the period.
Struggling in my accounting class & professor will not respond to my e-mails or several of my classmates =/. Taking business courses for the first time & still having trouble with this question from an old exam - professor did not provide
From past experience, the company has learned that 20% of a month's sales are collected in the month of sale, another 70% are collected in the month following sale, and the remaining 10% are collected in the second month following sale.
On the basis of the following data, the general manager of Glide Shoes Inc. decided to discontinue Children's Shoes because it reduced income from operations by $25,000.
Reed Company's sales last year totaled $167,000 and its return on investment (ROI) was 16.80%. If the company's turnover was 2.40, then its net operating income for the year must have been ?
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