Reference no: EM131979404
Questions -
Q1. French Hens Manufacturing Co. purchased a ten-ton draw press at a cost of $180,000 with terms of 5/15, n/45. Payment was made within the discount period. Shipping costs were $4,600, which included $200 for insurance in transit. Installation costs totaled $12,000, which included $4,000 for taking out a section of a wall and rebuilding it because the press was too large for the doorway. The capitalized cost of the ten-ton draw press is:
A) $171,000
B) $187,400
C) $187,600
D) $185,760
Q2. The Rudolph Corporation's inventory on December 31, 2014, was $325,000 based on a physical count before considering the following transactions:
Merchandise costing $30,000, shipped f.o.b. shipping point from a supplier on December 30, 2014, was received by Rudolph on January 5, 2015.
Merchandise costing $22,000, shipped f.o.b. destination from a supplier on December 28, 2014, was received by Rudolph on January 3, 2015.
Merchandise costing $38,000 was shipped f.o.b. destination by Rudolph to a customer on December 28, 2014. The goods arrived at the customer's location on January 6, 2015.
Merchandise costing $12,000 was being held on consignment by Prancer Company. This merchandise was not included in the physical count on December 31, 2014.
What amount should Rudolph Corporation report as inventory in its December 31, 2014, balance sheet?
A) $367,000
B) $427,000
C) $405,000
D) $325,000
What is keenan long run average return on equity
: What is the company’s cost of equity? What is Keenan’s long run average return on equity?
|
Write journal entry showing petty cash fund reimbursement
: Postage expense 10.00 Lunch delivery. 14.88 Miscellaneous expense. 48.02 Please write journal entry showing petty cash fund reimbursement
|
What is projected capital expenditures
: If sales are projected to increase 4% per year over the next five years, what is the projected capital expenditures (purchases of new PPE) for 2017?
|
Record the depreciation journal entry
: The salvage value will remain the same. Record the depreciation journal entry for the end of the second year
|
What amount should rudolph corporation report as inventory
: The Rudolph Corporation's inventory on December 31, 2014, What amount should Rudolph Corporation report as inventory in its December 31, 2014, balance sheet
|
Journalize the adjusting entry required
: Journalize the adjusting entry required at the end of the year, assuming the amount of supplies on hand is $5,720
|
Compute the balance of the projected benefit obligation
: Amortization of prior service costs due to increase in benefits 60,000. The balance of the projected benefit obligation at December 31, 2015 is
|
Uml use case diagram
: Produce a UML Use Case diagram for this system. Keep the use case diagram simple, but you should have around 10 use cases and 3 actors
|
What is alpha alternative minimum tax
: The partner responsible for tax matters on the Alpha, Inc., account has asked you to check the final calculation of Alpha's AMT liability, What is minimum tax
|