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Question 1: Ford Company reports depreciation expense of $47,000 for Year 2. Also, equipment costing $162,000 was sold for its book value in Year 2. There were no other equipment purchases or sales during the year. The following selected information is available for Ford Company from its comparative balance sheet. Compute the cash received from the sale of the equipment.
At December 31 Year 2 Year 1
Equipment $645,000 $807,000
Accumulated Depreciation-Equipment 456,000 535,000
Gas prices aredepleting your wallet so fast that you might even have to give up your old car and resort to walking or riding your bike on occasion. Will making the investment in a hybrid slow the outflow from your wallet and spare your feet?
The accounting industry has been wrestling with changing the rules regarding operating and capital leases.
A physical inventory of Office Necessities taken at December 31 reveals the following.
1.the management of melchiori corporation is considering the purchase of a machine that would cost 520000 would last
Calculate the minimum and maximum transfer prices. Calculate the full cost plus transfer price that would represent this transfer price.
you are a manager in a fictitious company of your choice. your director has asked you to explain to the department
What criteria should be evaluated to determine the viability of the proposed supplier?
Prepare a summary of the variances. Does the unfavorable overhead volume variance suggest that overhead costs are out of control?
Based on your analysis in part c, briefly comment on how well the company has controlled its investment in inventory.
Analysis of the Corporations records indicate that direct labor cost totaled $250,000 for the year, which represents 20,000 direct labor-hours
What are the benefits of risk management? What is the difference between hard and soft risk management benefits? Why would an organization choose one risk management benefit over another?
At the beginning of last year, creative productions set direct labor standards of 2 hours at $25 per hour for each product produced. during the year, 1,700 direct labor hours were actually worked at an average cost of $26 per hour. using this informa..
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