Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Champion Contractors completed the following transactions and events involving the purchase and operation of equipment in its business. 2012 Jan. 1 Paid $298,000 cash plus $11,920 in sales tax and $1,800 in transportation (FOB shipping point) for a new loader. The loader is estimated to have a four-year life and a $29,800 salvage value. Loader costs are recorded in the Equipment account. Jan. 3 Paid $4,000 to enclose the cab and install air conditioning in the loader to enable operations under harsher conditions. This increased the estimated salvage value of the loader by another $1,200. Dec. 31 Recorded annual straight-line depreciation on the loader. 2013 Jan. 1 Paid $5,000 to overhaul the loader’s engine, which increased the loader’s estimated useful life by two years. Feb. 17 Paid $1,250 to repair the loader after the operator backed it into a tree. Dec. 31 Recorded annual straight-line depreciation on the loader. Required: Prepare journal entries to record these transactions and events.
The company's management is working on preparing the Management Discussion and Analysis (MD&A) for the report.
Should the company continue to manufacture the part, or should it buy the part from the outside supplier? Support your answer with analyses - requires a future outlay of cash and is relevant for current and future decision making.
The firm has determined the cost of capital (or minimum required rate of return) as 10 percent after taxes. Should the firm purchase the machine? Use the NPV method.
Pam retires after 28 years of service with her employer. She is 66 years old and has contributed $42,000 to her employer's qualified pension fund. She elects to receive her retirement benefits as an annuity of $3,000 per month for the remainder of he..
Calculate the 2013 inventory turnover, days sales outstanding (DSO), fixed assets turnover, and total assets turnover. Calculate the 2013 debt-to-assets and times-interest-earned ratios.
Olive corp currently makes 20,000 sub components a year in one of its factories. the unit costs produced are: An outside supplier has offered to provide olive corp with the 20,000 subcom. at a $36 per unit price. Fixed overhead is not avoidable. What..
Construct the pro forma balance sheet while assuming that reorganization takes place. Show the new preferred at its par value. Enter your answers in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round yo..
Compute cost of goods sold for each of the five years if the company uses the following: LIFO cost flow assumption, FIFO cost flow assumption and Averaging cost flow assumption
calculation of net profit and gross profit.for the month of february 2009 randys spa supplies had total sales revenue
Evaluate return on common stockholders' equity - Based on the preceding information, calculate return on common stockholders' equity.
What is Rezler's variable cost ratio? What is its contribution margin ratio? Suppose Rezler's actual revenues are $30,000 more than budgeted. By how much will operating income increase?
question business solutions second quarter 2012 fixed budget performance statement for its computer furniture
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd