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The management of Ballard MicroBrew is considering the purchase of an automated bottling machine for $120,000. The machine would replace an old piece of equipment that costs $30,000 per year to operate. The new machine would cost $12,000 per year to operate. The old machine currently in use could be sold now for a scrap value of $40,000. The new machine would have a useful life of 10 years with no salvage value.Compute the simple rate of return on the new automated bottling machine.
Selling and administrative expenses were $508,000. Income taxes should be computed at 40 percent. Prepare a statement of cost of goods manufactured for the first quarter of 20xx.
from the following information for alfred industries compute the overhead spending variance and the volume
mac company has invested 3000000 in assets to produce 10000 units of its finished product. macs budget for the year is
comptac inc. which is headquartered in san francisco california is one of the leading software manufacturers in the
Explain how a physical inventory count would differ in a company using a perpetual inventory system versus one using a period inventory system.
The ledgers of Mid City Galleries Inc. contain the following balances as of December 31, 2006. Prepare in good form a multiple-step income statement for Mid City Galleries.
thibodeaux limousine corporation is trying to determine a predetermined manufacturing overhead. estimated overhead for
Identify five other ways in which the Private Securities Act of 1995 will potentially change auditors' legal liability. Explain how each is of potential benefit to the auditor.
Also, the partnership will assume responsibility for a $30,000 note secured by a mortgage on that building. Wright will invest $50,000 cash. For the partnership, the amounts to be recorded for the building and for Chen's Capital account are ??
Which of the following scenarios reflects the correct application of U.S. GAAP for capitalization of certain expenditures as intangible assets?
your nursing home defines output as a patient day. its present volume is 26000 patient days. the average cost per day
Using this information, with all other information the same, determine the carrying value [book value] of the bonds at June 30 of the current year?
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