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Waves Company purchased a patent for $170,000 at the beginning of 2011, and estimated that its expected useful life was 10 years. The patent has a legal life of 17 years. What amount should be recorded as amortization expense for the patent in 2011?
A reaction vessel contains these compounds at equilibrium. What will happen if the volume of the container is reduced by 50% at constant temperature?
In order to sustain operations and generate sales and cash flow, the firm required to make $1250 of capital expenditures on new fixed assets and to invest $300 in net operating working capital. By how much did the firm's net income exceed its free..
Richman Company for $30,000,000. The following details pertain to the contract: Percentage of completion Estimated total cost of contract Gross profit recognized to date At December 31, 2007 25% $22,500,000 1,875,000 At December 31, 2008 60% $25,0..
Is a body temperature of 99.00F unusual? Why or Why not? d)fifty adults are randomly selected. What is the likelihood that the mean of their body temperatures is 97.98F or lower?
Power factor improvement, An industrial user has a number of machine tools which are driven by three phase induction motors. during a particular shift, the power factor of the combined load can vary between 0.65(100 KVA load) and 0.81 (20 KVA) loa..
What is the mass of sugar in 735g of a 19.85% sugar solution?
Produce a scatter plot of MCG attendance (dependent variable) against combined club membership (independent variable) and comment on the apparent relationship between these variables.
A $30,000 recently completed feasibility study indicated that the firm can employ an existing factory owned by the firm, which would have otherwise been sold for $150,000. The firm will borrow $750,000 to finance the acquisition. Total interest ex..
Problem Feeder - Transformer, A single-phase load is supplied through a 35 kV feeder whose impedance is 115 + j380 Ohms and a 35 kV, 2400 V transformer whose equivalent impedance is 0.26 + j1.21 Ohms referred to its low voltage side.
a 70g piece of ice at 0c is added to a sample of water at 6c, all of the ice melts and the temp of the water decreases to 0c, how many grams of water were in the sample?
What is goal incongruence? How can using the metric "return on investment" for performance evaluation lead to goal incongruence?
Does a corporation recognize a gain or loss when it distributes property as a dividend or in a redemption? My text just goes on and on regarding these topics. Is there a reference on the above that is more concise?
Your suggested scorecard, which will be open to feedback from your senior managers, should include certain objectives, key performance indicators, and specific goals as a starting point for conversation.
For 2009, PMD Inc. had set the following standards for production of metal tables: 35 pounds of iron at a standard cost of $2.60 per pound. During June the company produced 300 tables. The company bought 10, 625 pounds of iron at a cost of $25,500..
The following standards for variable manufacturing overhead have been established for a company that makes only one product. Hours worked were 2,600. Variable overhead cost was $31,330 and 400 units were produced. What is the variable overhead spe..
Describe the audit procedures which Johnson would conduct to find out if Mother earth would violated the debt covenants.
Impairments are: a) recognized as a realized loss if the impairment is judged to be temporary. b) based on fair value for available-for-sale investments and on negotiated values for held-to-maturity investments.
Which of the following statements is true regarding inventory transfers between a parent and its subsidiary, using the initial value method?
Bent Co. reports a $20,000 increase in inventory and a $5,000 decrease in accounts payable during the year. Cost of Goods Sold for the year was $170,000. Using the direct method of reporting cash flows from operating activities, cash payments made..
John considers the problem and suggests to you that to generate positive cash flows, the company could sell some of its accounts receivable and liquidate much of its raw material. These actions would be detrimental to net income but would generate..
(Consignment Computations) On May 3, 2012, Eisler Company consined 80 freezers, costing $500 each, to Remmers Company. The cost of shipping the freezers amount to $840 and was paid by Eisler Company.
The ABC Corp. had net income before taxes of $400,000 and sales of $2,000,000. If it is in the 50% tax bracket its after-tax profit margin is:
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