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The Lansing Community College registrar's office is considering replacing some Canon copiers with faster copiers purchased from Kodak.The office's 4 Canon machines are expected to last 5 more years. They can each be sold immediately for $1,300; their resale value in 5 years will be zero. The total cost of the new Kodak equipment will be $111,000; the equipment will have a life of 5 years and a total disposal value at that time of $2,100.The 4 Canon operators are paid $7.60 an hour each. They work a 40-hour week and 51 weeks a year. The machines break down periodically, resulting in annual repair costs of $1,200 for each machine. Supplies cost $1,080 a year for each machine.The Kodak system will require only 2 regular operators to do the same work. Kodak has offered the college a maintenance contract that covers all machine breakdowns; the cost of the contract is $720 per year. Total cost for all supplies will be $3,240 per year
why is the accuracy of cost allocation so important? cite real-life examples of either successes or failures in cost
at the end of 2013 an error was made in the physical count of inventory at carter corporation which resulted in ending
Mary bought 100 share of Ford Motor Company stock in 2008 at $40 per share. It is now values in 2010 at $50 per share. How much tax liability will Mary have when she submits her 2010 tax forms to the federal government?
prepared from a situation suggested by professor john w. hardy. abilene meat processing corporation is a major
How should governments report their capital projects and debt service activities in their government-wide statements?
Ted bought a copyright in the current year for his business. Purchased the copyright on July 15th for $78,000. The remaining life on the patent is 75 months, what would is the total amortization expense he could deduct during the current year..
the wanless corporation provides internet consulting services to a wide-range of customers. the companyrsquos fiscal
Prepare a budgeted income statement for the first and second quarters of 19B and a budgeted balance sheet as of June 30, 19B.
Hamilton Company owns 51,000 of Hennie Company's 100,000 outstanding shares of common stock. Hennie Company pays $25,000 in total cash dividends to its shareholders. Hamilton's entry to record this transaction should include a:
dakota manufacturing inc. normally produces 10000 units of product a each month. each unit requires four hours of
Thomas Corporation is evaluating whether to lease or purchase equipment. Its tax rate is 30 percent. The company expects to use the equipment for 5 years, with no expected salvage value.
Draft a memo to CEO Carlisle comparing the advantages and disadvantages of using forward contracts and options to hedge foreign exchange risk. Make a recommendation for which type of hedging instrument you believe the company should employ, and provi..
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