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Kennedy Air Services is now in the final year of a project. The equipment originally cost $22 million, of which 70% has been depreciated. Kennedy can sell the used equipment today for $5.5 million, and its tax rate is 35%. What is the equipment's after-tax salvage value? Round your answer to the nearest cent.
(a) Prepare the entry to record the interest expense at April 1, 2015. Assume that interest payable was credited when the bonds were issued (round to nearest dollar).
what is the forecast for may based on a weighted moving average applied to the following past-demand data and using the
in october keane company reports 21000 actual direct labor hours and it incurs 115000 of manufacturing overhead costs.
payroll and payroll taxes the payroll of the rand company on december 31 of the current year is as follows 1 total
What are the limitations of using ratios for financial statement analysis? What are the benefits?
Alice purchased office furniture on September 20, 2010, for $100,000. On October 10, she purchased business computers for $80,000. Alice did not elect to expense any of the assets under sect; 179. Determine the cost recovery deduction for the busi..
Discuss and explain the role of the financial accounting and managerial accounting functions in organizations and some of their job responsibilities.
assume you work as an assistant accountant in the head office of a national movie rental business a la blockbuster inc.
Dividends on common stock were $2.05 per share and dividends on preferred stock were $1.80 per share. The earnings per share of common stock is closest to:
Lab Kennels, Inc. and Wolman Developers have agreed to exchange two parcels of land and each will assume the other's mortgage on the parcel acquired. Lab owns 500 acres within city limits that has a value of $750,000 and a basis of $300,000.
Zhang incorporated her sole proprietorship by transferring inventory, a building, and land to the corporation in return for 100 percent of the corporation's stock. The property transferred to the corporation had the following fair market values an..
what is the amount of variance that is attributed to the difference between the budgeted and actual wage rate per
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