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Mad Hatter Enterprises purchased new equipment for $365,000, FOB shipping point. Other costs connected with the purchase were as follows:State sales tax $29,200 Freight cost $5600 Insurance while in transit $800 Insurance after equipoment placed inservice $1200 Installation Cost $2000 Testing, including $300 of spoilage $700
Required:
Determine the capitalized cost of the equipment.
Approximate the current year's balances in the form of a balance sheet and income statement
The theory of constraints focuses on maximizing the rate of throughput contribution while minimizing investment and other operating costs.
Proposals L and K each cost $500,000, have 6-year lives, and have expected total cash flows of $720,000. Proposal L is expected to provide equal annual net cash flows of $120,000, while the net cash flows for Proposal K are as follows.
question 1 perform the acl tests. hand in a report illustrating the audit tests and your conclusions about the results
Compute days sales uncollected for these companies for each of the two years shown. Comment on any trends for the companies. Which company has the largest percent change in days' sales uncollected?
Prepare a Statement of Cash Flows on the direct method (do not include the indirect method of calculating operating cash flows). The Statement of Cash Flows should automatically change when any assumption is changed.
Determine the 20X2 static budget variances and determine the 20X2 flexible budget variances
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on 1st january of the current year feller corporation issued 3000000 of 10 percent debenture bonds on a basis to yield
A $550,000 capital investment proposal has an estimated life of four years and no residual value. The estimated net cash flows are as follows.
Prepare a schedule showing the Dutch subsidiary's income statement for 2011 and 2012 in euros and in dollars, using both the current rate and temporal methods. Compute the percentage change in income in each case.
Prepare an adjusted trial balance as of December 31, 2011 and prepare an income statement for the three months ended December 31, 2011
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