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That old equipment for producing subassemblies is worn out, said Paul Taylor, president of Timkin Company. We need to make a decision quickly. The company is trying to decide whether it should rent new equipment and continue to make its subassemblies internally, or whether it should discontinue production of its subassemblies and purchase them from an outside supplier.The alternatives follow:
Timkin Companys current costs per unit of producing the subassemblies internally are given below. These costs are based on a current activity level of 40,000 subassemblies per year:
The new equipment would be more efficient and, according to the manufacturer, would reduce direct labor costs and variable overhead costs by 15%. Supervision cost and direct materials cost per unit would not be affected by the new equipment. The new equipment's capacity would be 60,000 subassemblies per year.
The total general company overhead would be unaffected by this decision.
Signed a three-month, zero-interest-bearing note on November 1, 2010 for the purchase of $150,000 of inventory. The face value of the note was $152,205.
Ken is single and earns a salary of $60,000 per year. He also receives $4,000 a year in taxable interest and dividend income. Ken would like to contribute the maximum allowable to his companys qualified pension plan.
In 2013 Lake also repossessed $200,000 of jet skis that were sold in 2011. Those jet skis had a fair value of $75,000 at the time they were repossessed.In 2010, Lake would recognize realized gross profit of:
describe how peachtree complete accounting produces information that can be used to manage the business. identify and
prestwich company has budgeted production for next year as follows quarter first second third fourth production in
What is the difference between pretax financial income and taxable income? Explain the meaning of temporary and permanent differences. Give at least two unique examples of each (please do not repeat what other students have posted)
Determine whether or not the measurement of net income for a merchandising company conceptually is the same for a service company.
A company has a market value per share of $73.00. Its net income is $1,750,000 and the weighted-average number of shares outstanding is 350,000. The company's price-earnings ratio equals:
The new management of YC Inc. has increased the amount of their year-end liability-expense accruals by over 35% compared to recent years, primarily in recording estimated future warranty expenses. The most likely reason for this action is to:
to meet projected annual sales greenleaf manufacturers inc. needs to produce 75000 machines for 2012. the estimated
the following information is available for partin company.sales598000sales returns and allowances20000cost of goods
William County opted to account for its duplication service center in the internal service fund. Previously the center had been accounted for in county's general fund. During first month in which it was accounted for as an internal service fund cent..
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