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Grogle Company had to calculate book value on its die cutting machine. The company paid $32,000 for the equipment on January 1, 2012, but its current appraised value is $46,000. On December 31, 2015, accumulated depreciation on the machine is $12,000. What is Grogle Company's book value on the die cutting machine at December 31, 2015?
question prepare journal entries in the general fund of the brownville school district.a. the district had outstanding
Bruce Company owns a plot of land on which buried toxic wastes have been discovered. Since it will require several years and a considerable sum of money before the property is fully detoxified and capable of generating revenues,
A fitness center receives a total of $22,000 for new membership fees. The memberships are activated the next fiscal year. Answer from the fitness center's standpoint.
Compute the average cost per serving at each of the following monthly volumes: 1,500; 2,000; 3,000; and 5,000, and determine the monthly volume at which the average cost per serving is $1.00.
Describe the background of the company and explain why you decide to choose this company and
In the month of June, Jose Hebertâs Beauty Salon gave 3,560 haircuts, shampoos, and permanents at an average price of $30. During the month, fixed costs were $16,900 and variable costs were 75% of sales. Determine the contribution margin in dollars, ..
Total costs are $180,000 when 10,000 units are produced; of this amount, variable costs are $64,000. What are the total costs when 13,000 units are produced?
Didde Company issues $10,000,000 face value of bonds at 96 on January 1, 2009. The bonds are dated January 1, 2009, pay interest semiannually at 8% on June 30 and December 31, and mature in 10 years. Straight-line amortization is used for discounts a..
Assume earnings subject to state and federal unemployment compensation taxes are $5,250 at the federal rate of 0.8% and state rate of 5.4%. What are the journal entry to record the payroll tax expense for the period.
Beth's Supplies manufactures building tiles in one plant, which has a practical capacity of 25,000 tiles. The variable cost of the tile is $9.00 per unit, and the fixed costs of the plant are $300,000 annually. What cost per tile should the cost sys..
Hysong Corporation uses residual income to evaluate the performance of its divisions. The minimum required rate of return for performance evaluation purposes is 11%. The Games Division had average operating assets of $530,000 and net operating income..
Given the enormous responsibilities CFOs hold, they should have a good understanding of those deliberate frauds on the part of employees. Could you name some common types of frauds? What controls can CFO place to prevent them?
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