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Coran's delivery company and Enrights express delivery changed delivery trucks on Jan 1, 2010. Coran's truck cost $22,000. It has accumulated depreciation of $15,000 and a fair market value of $4000
Lupa Inc. trades its used machine (cost $12,000 less $4,000 accumulated depreciation) for a new machine. In addition to exchanging the old machine (which had a fair market value of $9,000), Lupa al
Doherty Corporation had net income of $30,000, net sales of $1,000,000, and average total assets of $500,000. what is Its return on total assets ?
Prepare Beka Company's journal entries to record the sale of the equipment in these four independent situations.
Journalize all entries required on the above dates, including entries to update depreciation, were applicable, on assets disposed of. Ingles Company uses straight-line depreciation. Assume depreciat
On February 17, Asher Corporation acquired 3,000 shares of the 100,000 outstanding shares of Dan Co. common stock at $28.90 plus commission charges of $300. On July 11, a cash dividend of $0.95 per
If this was a BELO plan with a pay rate of $22.00 per hour and a maximum of 53 hours, how much would Overwood be paid for 48 hours.
Determine depreciation for the first year of the truck's useful life by the straight-line and units-of-output methods if the truck is actually driven 16,000 miles.
Sondra deposits $2,000 in an IRA account on April 15, 2011. Assume the account will earn 3% annually. If she repeats this for the next nine years, how much will she have on deposit on April 14, 2021
Maria who is single had the following items for 2010;determine Maria's adjusted gross income for 2010
during the period, and specifications called for each completed unit requiring two hours of labor at a standard cost of $14.80 per hour.Assume that the company computes variances at the earliest poin
Peace and Love Corporation reports that at an activity level of 7,600 units, its total variable cost is $182,856 and its total fixed cost is $444,296. For the activity level of 7,900 units, compute:
Assume that Rex Company issues 2,000 shares of $ 20 par Common Stock for cash of $50,000. give the journal entry to record the transaction.
When you undertook the preparation of the financial statements for Telfer Company at January 31, 2011, the following data were available:
If I invest $40,000 0n January 1, 2010 in a savings account that earns interest of 8% compounded semi-annually. What will be the amount in the fund on December 31, 2015?
Last year, Gransky Corporation's variable costing net operating income was $52,100 and its ending inventory increased by 400 units. Fixed manufacturing overhead cost was $7 per unit. What was the ab
sears collected $57000 from the issuance of bonds with a face value of $50000. A portion of the cash receivable, $2000 was accrued interest. give the journal entry made on sears book to account the
By automating the process, the company would save $108,000 per year in cash operating costs. what is the simple rate of return on the investment ?
Sue Co. has a probable loss that can only be reasonably estimated within a range of outcomes. No single amount within the range is a better estimate than any other amount. The loss accrual should be
Rhianna and Jay are married filing jointly in 2009. They have six children for whom they may claim the child tax credit. Their AGI was $123,440. What amount of child tax credit may they claim on the
Hawkeye Cleaners has been considering the purchase of an industrial dry-cleaning machine. The existing machine is operable for three more years and will have a zero disposal price.
Assume a project that has the following returns for years 1 to 5: 15%, 4%, -13%, 34%, and 17%. What is the approximate expected return of this investment?
Your goal is to create a two-security portfolio that will have an expected return of 12%. If you have $250,000 to invest today, approximately how much would you invest in Stock A?
Suppose the government decides to increase taxes by $30 billion in order to increase SocialSecurity benefits by the same amount. How will this combined tax-transfer policy affect aggregate demand at
Alex also informs you that, under the current scheme, 70% of the firm's total overhead is allocated to his product. a. Computer the firm's total overhead cost and the overhead rate.