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A truck costing $ 100,000 and uninsured is wrecked its first day in use. It can be either (a) disposed of for $ 10,00 cash and replaced with a similar truck costing $ 102,000 or (2) rebuilt for $ 85,000 and thus be brand new as far as operating characteristics and looks are concerned. What should be done and why?
Complete an amortization table for this installment note
McQueen, Inc. grants 200,000 stock options to Robert Chalmers, the CEO, on January 1, 2008. The par value of McQueen's common stock is $1. The exercise price on the options is $35 per share, and the options are exercisable in five years. The stock pr..
Ben would like to use an inventory system that minimizes inventory cost and will satisfy 95 percent of his customers who order this wine. a. What is the economic order quantity for Ben to order?
for several years a number of food lion inc. grocery stores were unprofitable. the company closed and continues to
Precision Tax Service offers tax and consulting services to individuals and small businesses. Data for fees and costs of three types of tax returns follow. Precision provides services in the ratio of 5:3:2 (easy, moderate, business).
At the formation of the BD Partnership, Betty contributes land with a basis of $10,000 and a FMV of $30,000 and Dick contributes cash of $30,000. Betty and Dick share profits and losses equally. When the land is sold two years later for $50,000, B..
From the following, select the entry to record the factory overhead applied to production.
Bailey Company sells 25,000 units at $15 per unit. Variable costs are $8 per unit, and fixed costs are $35,000. The contribution margin ratio and the unit contribution margin, (rounding to two decimal points) are:
Her other projections include an initial inventory of $15,000, assembly training for $2,500, cost of goods sold (COGS) approximately $35,000, selling expenses of $9,000 and general and administrative expenses of $7,000. She expects to pay 25% of h..
Corporation has $10 par value common stock with 1000000 shares authorized, and a value of 7000000 before purchasing 3000 shares of common stock. the resulting number of common shares issued and outstanding is?
If 300,000 is to be distributed as a dividend for the current yearr, what total amount will be distributed to preferred stockholders and common stockholders?
burke interior decorators issued a 60-day 9 note for 15000 dated march 3 to loree fur- niture company on
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