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Problem - On July 1, 2021, Crane Company purchases equipment for $18,000. The company uses straight-line depreciation. It estimates the equipment will have a 10-year life. Crane Company has a December 31 year end. Record the purchase of the equipment.
The manufacturer factory has annual fixed costs of $2,210,000.00. Given expected sales volume of 3,600 units for this year, what will be this year net income
A loan is being repaid by 15 annual instllments of 1000 each. The period of the loan is not changed. Determine the revised amount of the last installment.
Determine the quick ratio for December 31, 2012 and 2011 and interpret the change in the quick ratio between the two balance sheet dates.
Fair value of of P6,213,992 which is based on the prevailing rate of 8%. What amount should the debt investment be reported in December 31, 2018?
Sun has maintained the same inventory levels throughout 2014. If end of year inventory turnover was increased to 11 through more efficient relationships with suppliers, how much cash would be freed up (round off to the nearest dollar)
GE Inc. to the BDO for a 90-day time deposit with 10% interest. Assuming a 360-day period, what is the capitalizable borrowing cost of the building?
Chicory Cosmetics acquired 15% of the 138,400 shares of common stock of Racine Fashion at a total cost of $11 per share on March 18, 2014. Prepare all the necessary journal entries for 2014 for (a) Chicory Cosmetics and (b) Frank, Inc
Zane Inc., a publicly accountable firm. As at December 31, 20X3, What amount should Zane record for deferred taxes as at December 31, 20X3?
Describe at least two (2) features of each of the Small claims tribunals and lower courts for recovery plans and explain it with proper example.
As an alternative to advertising the factory foreman suggests that if the Company reduces the selling price to $61 per ton sales can be increased to 4,500 tons. Do you recommend the reduction in sales price?
The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2016, the end of its fiscal year: cash, $27,000; accounts receivable, $22,000; inventories, $36,000; Calculate total current assets and total current ..
What is bankruptcy process? What is capital structure? How can these structures impact a firm's progress through the bankruptcy process
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