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Question - The company is considering operating a new driving range facility in Sanford, FL. In order to do so, they will need to purchase a ball dispensing machine, a ball pick-up vehicle and a tractor and accessories for a total cost of $104,000. All of this depreciable equipment will be 5-year MACRS property. The project is expected to operate for 6 years, at the end of which the equipment will be sold for 25% of its original cost. Fairways expects to have $38,000 of fixed costs each year other than depreciation. These fixed costs include the cost of leasing the land for the driving range.
Required - What are the variable cost?
Prepare the journal entries for the 2015 financial year, assuming the stage of completion cannot be reliably assessed
Products sold were snow blowers and lawn mowers. Each product sold for $700. Purchases during 2013 were as follows:
What are revenue bonds? How do they differ from general obligation bonds?
one company buys a controllingcp interest in anither company on april 1. explain how the pre-acquisiton revenues anc
Make the entry to record construction costs of $3,600,000, on construction in process to date. Make the entry to record progress billings of $2,000,000
If the working papers that accompany this book are unavailable, do not attempt to solve this problem. Sagrillo Company manufactures variations of its product.
The 2011 annual reports of Pearson plc and The McGraw Hill Companies, Inc., two publishing and information services companies included the following selected data as at December 31, 2011, and 2010:
dorsey co. has expanded its operations by purchasing a parcel of land with a building on it from bibb co. for 96000.
Calculate the year-end adjusted balances of prepaid rent and rent expense (assuming the balance of Prepaid Rent at the beginning of the year is $0).
Jamie's Hat Shop sells hats with college logos on them; the hats sell for $22 each. Prepare a sales budget for Jaime's Hat Shop for the third quarter
Mee Kong, a Malaysian citizen, has been in Australia for 10 months on working holiday visa, Determine whether Mee Kong is a resident for tax purposes
Why is a balance sheet claimed to be a statement of the financial position of a business?- What limitations do you think it has?
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