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A company installs a manufacturing machine in its factory at the beginning of the year at a cost of $87,000. The machine's useful life is estimated to be five (5) years, or 400,000 units of product, with a $7,000 residual value. In the first year, 95,000 units were produced. During its second year, the machine produced 84,500 units of product.
Question 1: Determine the machines' second year depreciation expense under the double-declining-balance method.
Evaluate the economic order quantity for the spice in terms of 10 pound bags and If the company works 250 days per year, on average how many bags of spice are used per working day?
Jake and Janice are a married couple with two dependent children. In 2015, their salaries totaled $130,000, and they suffered a capital loss of $8,000. They also received $1,000 of taxexempt interest. On their 2015 Married Filing Joint tax return wha..
With the same two forces in mind, predict what the company might do to improve its ability to address these forces in the near future.
A company issued 150 shares of $100 par value common stock for $16,000 cash. The total amount of paid-in capital is:
Abigail's hobby is sculpting. During the current year, Abigail sold three of her sculptures for a total of $3,200. Her related expenses include $1,500 for utilities, $1,200 for supplies and $900 of depreciation on her pottery wheel. What is the limit..
Prepare the Acquisition analysis at 1 July 2011, The BCVR & pre-acquisition worksheet journal entries ONLY at 30 June 2014, The BCVR, pre-acquisition and intra-group transaction consolidation worksheet journal entries at 30 June 2015 and the consolid..
At the end of the year, the current assets were $122,418 and the current liabilities were $103,718. What is the change in net working capital?
What is the net advantage to leasing? Enter your answer as a positive value. Do not round intermediate calculations. Round your answer to the nearest cent
Evaluate the Chmelar Manufacturing cost - How much are total manufacturing costs for the period?
John bought 1,000 shares of Intel stock on October 18, 2010 for $30 per share plus a $750 commission he paid to his broker. On December 12, 2013, he sells the shares for $42.50 per share. He also incurs a $1,000 fee for this transaction.
Estimates the revenue and expenses for the rest of the current fiscal year based on the assumptions provided in the transcript documents.
Is it important for a company to follow a strict budget even though they may be experiencing phenomenal profits? Do you think there will a bias towards greed when creating the budget for this company? Explain. How does management greed come influence..
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