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Question - If Pizza Econimica bought and over for 25,000 which lasted for 10 years with an estimated residual value of 5,000, then
a) What would be the annual depreciation?
b) What would be the value of the pizza oven after year 8?
c) If the oven was sold for the residual value as estimated and during those 10 years the pizza restaurant had been open 2,000 days serving an average of 100 pizzas per day, then what would have been the cost of the over per pizza?
What might you use as a basis for determining planning materiality? How might materiality over cash differ from trade payables? Provide an example.
Determine the contribution margin ratio (ii) the degree of operating leverage (iii)the break-even point in dollars (iv)the margin of safety ratio
The variable cost per unit is $27.15, Poseidon Swim has average fixed costs per year of $8,848. Determine the degree of operating leverage
Evaluate total fixed manufacturing overhead Evaluate variable manufacturing overhead per direct labor-hour Determine total direct labor-hours to be worked Net actual manufacturing overhead costs incurred
An accountant of an audit client made the following statement: “It is important to read the notes to financial statements, even though they are presented in technical language and are incomprehensible. areas of misconception, incompleteness, or falla..
Does the company have treasury stock? What effect does it have on total stockholders' equity? Business application- Compute return on equity for your company.
On January 1, 2013, Pierce, Inc., purchased 19,500 shares of Marion Company for $624,000, giving Pierce 10 percent ownership of Marion. On January 1, 2014, Pierce purchased an additional 39,000 shares (20 percent) for $1,423,500. This latest purchase..
Which Dividend Reinvestment Plans (DRIPS) can be found in? transfer-agent-run programs./ company-run programs./ brokerage-run programs.
Prepare a bank reconciliation for the company. Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments
How many shares will TGIT Pizza issue in exchange? If you owned 180 shares of TGIT Sausage, what would be the value of your share holdings after the merger?
The house owner is insured against natural disasters and pays 0.04% annually of the value of house 53,000. Calculate the probability of disaster
Compute Divisional Income (LO 14-1) Eastern Merchants shows the following information for its two divisions for year 1: Eastern Western Sales revenue $ 1,270,000 $ 3,870,000 Cost of sales 804,500 1,935,000 Allocated corporate overhead 76,200 232,200 ..
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