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The inventory data for an item for November are: Nov. 1 Inventory 20 units at $19 4 Sold 10 units 10 Purchased 30 units at $20 17 Sold 20 units 30 Purchased 10 units at $21 Using a perpetual system,
Materials: statndard price per ounce $6.50~ standard ouces per completed unit 8~Actual ounces purchased and used in production 228,000~Actual price paid for materials $1,504,800.
Lett Corporation is investigating buying a small used aircraft for the use of its executives. The aircraft would have a useful life of 7 years. The company uses a discount rate of 15% in its capital
An aging of a companies accounts receivable indicates that $9,000 are estimated to be uncollectible. If allowance for doubtful accouns has a $1,100 credit balance, the adjustment to record bad debt
A firm has beginning inventory of 600 units at a cost of 16 dollars each. production during the period was 950 units at 17 dollars each. if sales were 1300 units a. what is the cost of goods sold as
The expected average rate of return for a proposed investment of $4,800,000 in a fixed asset, using straight line depreciation, with a useful life of 20 years, no residual value, and an expected to
Whisker Clean Company spent $8,000 to produce product 89, which can be sold as is for $10,000 or processed further, incurring additional costs of $3,000, and then sold for $14,000.
Seville Company manufactures a product with a unit variable cost of $42 and a unit sales price of $75. Fixed manufacturing costs were $80,000 when 10,000 units were produced and sold, equating to $8
Rachel Cake Factory normally sells their specialty cake for $22. An offer to buy 100 cakes for $19 per cake was made by an organization hosting a national event in the city.
Prepare the journal entry to record Tamar Company's issuance of 6,000 shares of $100 par value 6% cumulative preferred stock for $102 cash per share.
Raptor Company is considering replacing equipment which originally cost $500,000 and which has $460,000 accumulated depreciation to date.
Consider the task of scheduling five jobs A,B,C,D AND E which needs 3,5,2,1 and 2 hours respectively on machine #1 and4,4,1,3 and 3 hours on machine #2 how many hourse will it take to do the jobs u
The Western Division of Bestboot Company has a rate of return on investment of 15% and an investment turnover of 1.2. What is the profit margin?
A company is contemplating investing in a new piece of manufacturing machinery. The amount to be invested is $170,000. The present value of the future cash flows is $185,000.
Troy (single) purchased a home in Hopkinton, Massachusetts, on April 6, 2005, for $515,500. He sold the home on October 6, 2012, for $547,000.
Sparrow Co. is currently operating at 80% of capacity and is currently purchasing a part used in its manufacturing operations for $8.00 a unit. The unit cost for Sparrow Co.
Which of the following is a major accounting contribution to the managerial decision-making process in evaluating possible courses of action?
Pheasant Co. can further process Product B to produce Product C. Product B is currently selling for $30 per pound and costs $28 per pound to produce.
Wheeler Company issued 5,000 shares of its $5 par value common stock having a fair value of $25 per share and 7,500 shares of its $15 par value preferred stock having a fair value of $20 per share
On January 2, Todd Company acquired 40% of the outstanding stock of McGuire Company for $205,000. For the year ending, December 31, McGuire earned income of $48,000 and paid dividends of $14,000.
Consider the task of scheduling five jobs A,B,C,D AND E which needs 5,4,2,3 and 3 hours respectively on machine #1 and 3,1,4,4 and 2 hours on machine
Bobbi and Stuart are partners. The partnership capital of Bobbi is $40,000 and Stuart is $70,000. Bobbi sells his interest in the partnership to John for $50,000.
Assume that at January 1, 2014, the carrying amount of the patent on Celine Dion's books is $43,200. In January, Celine Dion spends $24,000 successfully defending a patent suit. Celine Dion still fe
Custom Shoes Co. has gathered the following information concerning one model of shoes: Variable manufacturing costs 40,000 Variable selling and administrative costs 20,000 Fixed manufacturing costs