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Question - Royal Dutch Petro (RDP) is considering a new equipment purchase that would replace some existing equipment. The old equipment has a Book Value (BV) of $407 thousand and RDP estimates that the equipment could be sold for ONLY $182 thousand. What is the After Tax Salvage Value (ATSV) of the old equipment that RDP should use in their capital budgeting analysis? Assume the tax rate = T= 35%. Answer to 2 decimal points, in units of thousands, thus 15,123 would be 15.12.
The company produces 25,000 units and expects to sell 20,000 units. Prepare an income statement using absorption costing method
Assume that the income for 20X2 was $600,000 under variable costing and $800,000 under absorption costing. Compute the end of year cost of inventory
a. find the accounts receivable may also be called trade receivables for wal-mart. how much is the net amount? this is
united van lines purchased a truck with a list price of 250000 subject to a 6 percent discount if paid within 30 days.
Calculate an account balance for each account and create a Trial Balance,Return to the T-accounts to record the Closing Entries for the company
The Company during the year paid AED 200,000 for security deposit and bank charges of AED 40. Prepare the Adjusted statement of financial position. Prepare adjusted statement of comprehensive income
MILITARY INC. reported sales of $800,000 for 2020. How much revenue shall CAMOUFLAGE COMPANY recognize in 2020
If Frisco's cost of goods manufactured for 2019 amounted to $1,890,000, its cost of goods sold for year is? During 2019, $800,000 of raw materials were purchase
The firm earns 7 percent compounded monthly on the funds it saves. How long does the company have to wait before expanding its operations
Munoz Manufacturing Co., Calculate the flexible-budget variance. Was the total factory overhead under- or overapplied? By what amount?
abc co. has the following information relating to some errors that were discovered regarding their income statement in
Question 1. Tucker Company manufactures dog beds.the following salected data ralates to Tucker Company's budgeted sales and invetory lavels of the dog beds for the upcoming quarter:
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