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Question - Petrillo Pizza Company acquired a pizza oven 5 years ago at a cost of $22,000. It had a residual value of $2,000 and a useful life of five years. The oven was depreciated using the straight-line method. Now that it is at the end of its useful life, the owner, Sophia is selling the oven for $3,000. Prepare the entry to record the sale of the oven will include which of the following?
A gain for $1,000
A credit to accumulated depreciation for $20,000
A gain for $3,000
A loss for $3,000
Some accountants argue that the receiving department should be eliminated. Discuss the objective of eliminating the receiving function.
calhoun inc has forecast purchases on account to be 310000 in march 370000 in april 420000 in may and 490000 in june.
Calculate Luis shop's cash flow from operations for 2012 and help me with the Statement of Cash Flows. Luis Shop had cash outflows from investing activities
What total overhead costs would you expect DHI to incur at an operating level of 65,000 machine-hours? Help DHI determine their cost formula/structure
His earnings from self-employment before the Keogh deduction but after deducting half of self-employment tax are 80,000 what is deductible Keogh contribution
The Warren Company has provided the following information: Net sales totaled $750,000. What was Warren's average collection period
What is the major distinction between a static budget and a flexible budget? What are the costs versus benefits when a manufacturing business
The Black Lotus Co. paid $250,000 for a second-hand cruise. This cruise is used for tourism purpose. It will generate $140,000 in revenue and incur $45,000.
Give the journal entry on July 19 to record the receipt of the balance due within the discount period.
Requirements: (Use T accounts as necessary to track account balances) Report stockholders' equity on the company's December 31, 2017 balance sheet
Based on the above information and using Excel, calculate the following items - Annual cash flows over the expected life of the equipment
Let vG2 =0 and vG1 =vid . Find the range of vid needed to steer the bias current from one side of the pair to the other. At each end of this range, give the value of the voltage at the common-source terminal and the drain voltages.
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