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IRM Corporation had an outdated, ineffective system for monitoring its fixed assets. You have been asked by the CEO to develop a new system; you have decided to use the systems development life cycle to accomplish the task. For each fixed asset, the system should include the following items: identification code, name, date placed in service, cost, estimated life, estimated salvage value, depreciation method, and condition. For each step in the SDLC, indicate one question you would ask / action you would take to develop the new system. please provided answer.
Compute the static budget variances and the flexible-budget variances for variable and fixed costs for the systems consulting department for June 20X1.
Kuczenski Corporations cost formula for its manufacturing overhead is $45,700 per month plus $53 per machine hour. For the month of March, the company planned for activity of 6,200 machine-hours, but the actual level of activity was 6,150 machine ..
Briefly describe three strategies for testing internal controls when information technology is used for significant accounting processing.
What basis will Cardinal Corporation have in the assets acquired from Finch Corporation?
Calculate the gross wages of each worker for Week 4. Show clearly the basic pay, overtime pay and bonus pay; Using the answer in (a), analyze the total gross wages of the workers into Direct Wages and Indirect Wages;
On December 31, 2006, Giant-Petrel Corporation's Investment in Penguin Corporation account had a balance of $525,000. The balance consisted of 80% of Penguin's $600,000 stockholders' equity on that date and $45,000 of goodwill.
Journalize the entries to record the foregoingtransactions. Indicate the amount of the interest expense in (a)2002 and (b) 2003.
assume that interest and premium or discount amortization have been recorded through january 1, 2013 .Record interest and amortization on only the bonds retired.
This is a tax research problem - Clyde had work for many years as the chief executive of Red Industries, and had also been a major shareholder. Clyde and the company had a falling out, and Clyde was terminated.
Indicate how each item should be classified in the statement of cash flows using these four major classifications: operating activity (indirect method), investing activity, financing activity, and significant non cash investing and financing activ..
Fields Corporation has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports Gear. Fields incurs $2,220,000 in fixed costs. The contribution margin ratio for Sporting Goods is 30%, while for Spor..
Both Mr. Jones and Mrs. Green earned $50,000 gross in 2009. Yet, Mr. Jones owed IRS $600 on his tax return while the IRS owed Mrs. Green $600 on her tax return.
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