Reference no: EM132178812
Questions -
Q1. Three years ago, X Company acquired equipment for $100,000. The equipment was depreciated using the straight line method with a 5 year useful life and $10,000 salvage value. Now the equipment has an estimated market value of $50,000 and a replacement value of $55,000. At what net amount should X Company report this equipment on its balance sheet?
a. $36,000
b. $40,000
c. $46,000
d. $50,000
e. $55,000
Q2. John and Kelly invest $100,000 and $50,000 in a partnership and agree to divide net income with an interest allowance of 5% on the original investment, salary allowances of $10,000 and $15,000 and with the remainder divided equally (all in a given year). If partnership net income is $35,000, what is Kelly's share of net income?
a. $15,000
b. $17,500
c. $18,750
d. $20,000
e. $35,000
Q3. During the year, ABC Company's cost of goods manufactured is $450,000. Beginning of year finished goods inventory is $120,000 and end of year finished goods inventory is $160,000. What is the cost of goods sold?
a. $290,000
b. $410,000
c. $450,000
d. $490,000
e. $610,000
|
What is the contribution margin per unit
: XYZ Company sells 10,000 units for revenue of $500,000. Fixed costs are $100,000 and variable costs are $200,000. What is the contribution margin per unit
|
|
Identify one dimension of organizational culture
: Next, think about an organization's culture and how it influences managers and their decision making. Identify one (1) dimension of organizational culture.
|
|
The unemployment program of the government of guava land
: The Unemployment Program of the Government of Guava Land has several offices throughout the country, ten (10) to be specific.
|
|
Different stakeholders in the staffing process
: As we have seen, there are many different stakeholders in the staffing process. From the perspective of firm profitability
|
|
What is the cost of goods sold
: Beginning of year finished goods inventory is $120,000 and end of year finished goods inventory is $160,000. What is the cost of goods sold
|
|
Calculate composite score for each of the three suppliers
: Create a simple MS Excel spreadsheet to enter the relevant data and to calculate the composite score for each of the three suppliers.
|
|
What is the equation of the line through
: Using points, straight lines, and possibly the curve of a parabola, construct a piecewise function whose graph looks like a smiling face
|
|
Prepare the entry to record amortization at december
: During 2017, Carla Vista Enterprises Ltd., a private entity, incurred $4.6 million in costs to develop a new software product called Dover
|
|
How many units did the manufacturer sell during the month
: During the month the company produced 27,000 finished units. How many units did the manufacturer sell during the month
|