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A company must decide if it should move division A to a new location. If division A moves, it will be housed in a new building that reduces its operating costs by $10,000 per year forever. The new building costs $120,000.Moving division A allows division B to expand within the old factory. This enables B to increase its profitability by $3,000 per year forever. If the discount rate is 10%, should division A move?
Compute division of net income with a salary allowance and fixed ratios. MPC Co. reports net income of $45,000. Partner salary allowances are Mark $15,000, Paul $5,000, and Chris $5,000. Indicate the division of net income to each partner, assuming t..
Lindy Corporation has 1,000,000 authorized shares of $20 par value common stock. As of June 30, 2014, there were 600,000 shares issued and outstanding. On June 30, 2014, the board of directors declared a $0.50 per share cash dividend to be paid on..
Zell's Shredding Service has just completed a minor repair on a shredding machine. The repair cost was $900, and the book value prior to the repair was $4,990.
Compute net tax payable or refund due for Alice and Bruce Byrd for 2014.- . If they have overpaid, they want the amount to be refunded to them.
Calculate the direct labor rate, efficiency, and total spending variances for Barley Hopp. Calculate the variable overhead rate, efficiency, and total spending variances for Barley Hopp.
In the current year, Brain formed an equal partnership with Norman. Brain contributed land with an adjusted basis of $ 50,000 and FMV of $ 60,000. The land contributed by Bruce was encumbered by a $ 30,000 recourse debt. Brain also contributed $ 40,0..
In January, Knox Company requisitions raw materials for production as follows: Job 1 $900.00, Job 2 $1400.00, Job 3 $700.00, and general factory use $600. Prepare a summary journal entry to record raw materials used.
Provide appropriate journal entries to record actual overhead costs, standard overhead costs applied to production, and all four overhead variances.
Compute the variable overhead rate variance. Compute the variable overhead efficiency variance. Provide the accounting entry for the overhead rate and efficiency variances.
Office Today’s revenue in the current year is $ 800 million and its cost of goods sold is $ 640 million. Compute Office Today’s gross profit and its gross profit percentage.
question 1 capital expenditure decisions and investment criteriain recent years morten ltd a company that manufactures
Use the information presented to prepare the assigned pages of the Form 1065 and Schedule D. - Also prepare one Schedule K-1.
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