Reference no: EM132032372
Exercise - Cannondale Company purchased an electric wax melter on April 30, 2014, by trading in its old gas model and paying the balance in cash. The following data relate to the purchase.
List price of new melter $15,800
Cash paid 10,000
Cost of old melter (5-year life, $700 salvage value) 11,200
Accumulated Depreciation-old melter (straight-line) 6,300
Secondhand fair value of old melter 5,200
Prepare the journal entries necessary to record this exchange, assuming that the exchange (a) has commercial substance, and (b) lacks commercial substance. Cannondale's year ends on December 31, and depreciation has been recorded through December 31, 2013.
|
Calculate the asset turnover
: During 2015 Paola Corporation reported net sales of $3,500,000 and net income of $1,500,000. Calculate the asset turnover
|
|
Explain the technical problem solving process
: Describe the steps and 200-300 word rationale [each!] for resolving (including future risk mitigation) three (3) out of the following five (5) problems.
|
|
The topic of managerial issues of a networked organization
: Research at least two articles on the topic of managerial issues of a networked organization. Write a brief synthesis and summary of the two articles.
|
|
Prepare journal entries to record the transactions on april
: The new land cost $90,000, and the new building cost $400,000. Prepare the journal entries to record the transactions on April 1 and August 1, 2014
|
|
Prepare journal entries necessary to record this exchange
: Prepare the journal entries necessary to record this exchange, assuming that the exchange (a) has commercial substance, and (b) lacks commercial substance
|
|
What are the public policies and lessons
: What are all the system software and Operating System, Utility Programs, and File Management in emerging technology briefly explain?
|
|
Discuss the ethical issues of social networks
: What are the four primary factors described in the text that set the state for Web 2.0 or the social Web that we enjoy today?
|
|
Develop a work breakdown structure
: Develop a work breakdown structure (WBS) for each of your two or three alternative solutions to your performance problem.
|
|
Why did you select the specific problem statement
: What is the background of your problem statement? Why did you select the specific problem statement?
|