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Bera Company pays $289,900 for equipment expected to last four years and have a $30,000 salvage value. Prepare journal entries to record the following costs related to the equipment.
1. During the second year of the equipment's life, $17,750 cash is paid for a new component expected to increase the equipment's productivity by 10% a year.
2. During the third year, $4,438 cash is paid for normal repairs necessary to keep the equipment in good working order.
3. During the fourth year, $10,700 is paid for repairs expected to increase the useful life of the equipment from four to five years.
The cycle in a hospital from admission to collection of the billing can be broken down into the following phases: cash, purchase of resources, availability of resources, patient treatment, patient release, billing, receivables and collection.
find a manufacturing companys annual report.calculate the following ratios for the company that you selectreturn on
Why is it necessary for a company to specify a relevant range of activity when making assumptions about cost behavior?
what are the ways in which cost be be classified to suit management needs.give examples of the
The actual cash received from cash sales was $11,279, and the amount indicated by the cash register total was $11,256. Journalize the entry to record the cash receipts and cash sales.
Wysocki Company pays its sales force a fixed salary plus a 5% commission on all sales. Explain why sales force costs would be considered a mixed cost.
What is the manager's prior probability that his competitor is planning to introduce a new product and what is his revised probability of a new product given that the competitor is building a new plant?
Prepare Portraits Unlimited Company master budget for each quarter of 2014 and in total for the year by completing the following schedules and statements Sales budget
Cash receipts from customers should improve given anticipated improvements in economic conditions. Company has also committed extra resources to the credit function, in order to speed up collection of overdue debts
Record the preceding events in a horizontal statements model. In the cash flows column, designate the cash flow as operating activities (OA), investing activities (IA), or financing actives (FA)
Managerial accounting.. a) focuses primarily on reporting to regulatory agencies
Last year, Product F76D involved 4 customer orders, 459 assembly hours, and 21 batches. How much overhead cost would be assigned to Product F76D using the activity-based costing system?
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