Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Last year (2013), Richter Condos installed a mechanized elevator for its tenants. The owner of the company, Ron Richter, recently returned from an industry equipment exhibition where he watched a computerized elevator demonstrated. He was impressed with the elevator's speed, comfort of ride, and cost efficiency. Upon returning from the exhibition, he asked his purchasing agent to collect price and operating cost data on the new elevator. In addition, he asked the company's accountant to provide him with cost data on the company's elevator. This information is presented below.
Old Elevator
New Elevator
Purchase price
$104,350
$159,473
Estimated salvage value
0
Estimated useful life
5 years
4 years
Depreciation method
Straight-line
Annual operating costs
other than depreciation:
Variable
$34,300
$10,019
Fixed
22,505
8,771
Annual revenues are $240,281, and selling and administrative expenses are $28,733, regardless of which elevator is used. If the old elevator is replaced now, at the beginning of 2014, Richter Condos will be able to sell it for $25,294.
Determine any gain or loss if the old elevator is replaced.
Loss on sale
$
Barrett's fashion forecasts sales of 125,000 for the quarter ended december 31 Its gross profit reate is 20% of sales and its september 30inventory is 32,500 If the december 31 inventory is targeted at 41,500 budgeted purchases for the fourth quar..
a amp z inc an average 4 million taxable income a yearbecause it needs an infusion cash the board of directors is
Prepare a Quality Cost Report in good form with separate sections for prevention costs, appraisal costs, internal failure costs, and external failure costs.
mountaineer products manufactures two types of tents single-wall and double-wall. selected data related to each type of
deckhand accessories inc. manufactures womens boating shoes. manufacturing overhead is assigned to production on a
tan company had these transactions pertaining to stock investments feb. 1 purchased 3000 shares of norton company 10
sweeten company had no jobs in progress at the beginning of march and no beginning inventories. it started only two
murray company purchased 26800 in direct materials from bartunek company terms 210 n30. prepare the journal entry to
Over the past several years, Jacobian has seen that year-end allowance account has a debit balance before adjustment. The company wants an in-depth analyzes of bad debts and a determination as to which method to use. You have been hired to perform..
in the current year alice reports 150000 of salary income 20000 of income from activity x 35000 and 15000 losses from
soldner health care products inc. expects to maintain the same inventories at the end of 2014 as at the beginning of
Explain why you feel these are risks and support them with facts. You will need to include resources and site them on your responses
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd