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Kind, Meek, and Clean, attorneys-at-law, specialize in three areas: criminal, civil, and family law. When specifications for a new computer system were established, the partners agreed to allocate usage based on each department's needs. Criminal law division needed 60% of the capacity, civil law 25%, and family law 15%. Variable costs for the computer department would be allocated on the number of computer minutes each division used. The computer department's budgeted fixed costs are $700,000, and the budgeted variable costs $150,000. The firm estimates that 400,000 minutes of computer time will be used year. What amount of the computer department's fixed costs will be allocated to the civil and family law divisions, respectively?
Recognized gains and losses must be properly classified. Proper classification depends on three characteristics, including the tax status of the property and the holding period of the property. What is the third characteristic?
please help me figure out the problems below1. on december 2 2013 leggs purchased land and building for 380000 the land
a an investment of 10000 has an investmentinflow ratio of 6.2 and a useful life of 12 years. what are the annual cash
robin sold the following assets business equipment for a 6000 loss stock investment for a 15000 loss and her principal
1) List and explain three advantages to leasing for a lessee. 2) List and explain two disadvantages to leasing for a lessee.
westin watercrafts predetermined overhead rate for year 2011 is 200 of direct labor. information on the companys
Management at Kudler Fine Foods has reviewed the flowcharts prepared in Week Two and is requesting information on controls that will be required.
Determine which expenses are mixed and, by use of the high low method, seperate each mixed expense into its variable and fixed components. state the cost formula for each mixed expense.
On January 1, 2009, Mania Enterprises issued 12% bonds dated January 1, 2009, with a face amount of $20 million. The bonds mature in 2018 (10 years).
a) Prepare the companies sales budget and schedule of expected cash collections. b) Prepare the companies production budget fro the upcoming fiscal year
Harold also pays $20,000 for the business's goodwill and another $20,000 for the seller's covenant not to compete for the next five years. Compute Harold's amortization deduction for the year of purchase.
Describe the characteristics of intangible assets. Identify the costs to include in the initial valuation of intangible assets. Explain the procedure for amortizing intangible assets.
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