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A company purchased a new machine on september 1st 2014 at the cost of 120,000. The company estimated that the machine will have a salvage value of 12,000. The machine is expected to be used for 10,000 working hours during its 5 year life. Compute the depreciation expense under units of activity for 2014, assuming 700 working ours.
Which of the following items must be separately stated on Form 1120S, U.S. Income Tax Return for an S Corporation, Schedule K-1?
Compute the gross profit margin, operating profit margin, and net profit margin for the company. Write a short essay explaining the differences you find between the profit margins calculated and why you think the profit margins differ.
On January 1, 2007, Blizzards-R-Us purchased a snow-blowing machine for $85,000. Determine the revised annual depreciation expense for 2009.
Select a company that would employ a job order costing system. Research the company and discuss why a job order costing system is the 'correct' fit for that organization. Discuss a product the company sells and discuss what direct and indirect costs ..
Compute the book value of the building at the end of the second year. (Omit the "$" sign in your response.)
The cost of goods sold is $5 for one skirt and $6 for one bluse. Other allocated costs are $1 for one skirt and $5 for one blusel. what amount of QPAI is available to Green for claculating the DPAD?
the present ratio measures the degree to which current assets cover current liabilities. a high ratio indicates a good
garnishes, inc has sales for the year of $46,300 and cost of goods sold of $21,700. the firm carries an average inventory of $4,800 and has an average accounts payable balance of $4.400. what is the inventory period?
Douglas Corporation had 131,640 shares of stock outstanding on January 1, 2014. On May 1, 2014, Douglas issued 64,080 shares. On July 1, Douglas purchased 13,800 treasury shares, which were reissued on October 1. Compute Douglas’s weighted-average nu..
What were the variable selling and administrative expenses for July, what were the fixed selling and administrative expenses for July and what was the cost of goods sold during July
A candy factory's employees work overtime to finish an order that is sold on February 28. The office sends a statement to the customer in early March and payment is received by mid-March. The overtime wages should be expensed in
Discuss the benefits and drawbacks of owning common stock vs. preferred stock. Also, as a company, which is better to issue common stock or preferred stock? Is one stock better than the other? Is the answer to that question “It all depends?” Or could..
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