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An office building and its equipment are insured to $710,000.The present annual insurance premium is $0.85 per $100 of coverage.A sprinkler system with life of 20 years and no salvage value can be installed for $18,000.Annual maintenance and operating costs for the sprinkler is $360. The premium will be reduced to $0.40 per $100 coverage if the sprinkler is installed. Find the payout period for sprinkler system with interest of 12%.
G Corporation purchased a truck at the beginning of 2012 for $90,000. The truck is estimated to have a salvage value of $3,600 and a useful life of 120,000 miles. It was driven 18,000 miles in 2012 and 32,000 miles in 2013. What is the depreciatio..
Veron Corporation purchases potatoes from farmers. The potatoes are then peeled, producing two intermediate products-peels and depeeled spuds.
In your diagram, show several transactions and how they would be tracked from the journal entry to the financial statement and back to the journal entry.
a corporation produces output with a market price of 200 per unit. the marginal product of capital is 12k where k is
from the first case study determine if this constitutes cheating. speculate why someone would do something such as copy
The variable cost per cake is $12. A special decoration per cake will add another $1 to the cost. Determine the differential income or loss per cake from selling the cakes.
snappy company has a job-order costing system and uses a predetermined overhead rate based on direct labor-hours to
At the end of fiscal year 2010, the Acme Company wishes to declare $50,000 in common stock dividends. They currently have 100,000 shares of common stock outstanding and 5,000 shares of $100 par value, 5%, cumulative preferred stock.
el dorado foods inc. owns a chain of specialty stores in the pacific northwest. recently four of the stores have
A company changes from percentage-of-completion to completed-contract, which is the method used for tax purposes. The entry to record this change should include a :
slow roll drum co. is evaluating the extension of credit to a new group of customers. although these customers will
described below are certain transactions of edwardson corporation. the company uses the periodic inventory system.1. on
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