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Assume a division of Hewlett-Packard currently makes 8,000 circuit boards per year used in producing diagnostic electronic instruments at a cost of $33 per board, consisting of variable costs per unit of $26 and fixed costs per unit of $7. Further assume Sanmina-SCI offers to sell Hewlett-Packard the 8,000 circuit boards for $33 each. If Hewlett-Packard accepts this offer, the facilities currently used to make the boards could be rented to one of Hewlett-Packard's suppliers for $29,000 per year. In addition, $3 per unit of the fixed overhead applied to the circuit boards would be totally eliminated.
Calculate the net benefit (cost) to HP of outsourcing the component from Samina-SCI. Use a negative sign with your answer, if appropriate.
You notice that all receivables are treated as assets and all payables as liability in the chart of accounts. Is this correct? Explain your answer.
The Mejicano company is planning to purchase a piece of equipment that will reduce annual cash expenses over its 5-year useful life by equal amounts.
Capstone Research Project
Write a 500-word article analysis in which you identify situations that might lead to unethical practices and behavior in accounting.
Prepare sample accounting journal entries for each step of the lay-a-way plan. Add any accounts to the company's chart of account that are needed. State if the added account(s) are assets, liabilities, revenue, expense, ect.
Post the journal entries to the stockholders' equity accounts. (Use J1 as the posting reference.) Add accounts for Retained Earnings, Treasury Stock and Paid-In-Capital from Treasury Stock (you may use t-accounts if you wish.)
a 50m long army platoon marching ahead. the last person in the platoon wants to give a letter to the first person
superior coop uses a standard cost system to account for the costs of its one product. variable overhead is applied
hurst mats manufactures custom replacement floor mats for automobiles. the floor mats are made of spun nylon on highly
beyonce sheffield and brittany field decide to form a partnership by combining the assets of their sparate businesses.
nicklin corporation is considering two alternatives code-named m and n costs associated with the alternatives are
After the 2010 financial statements were issued, the case was settled with the IRS for $1,200,000. What amount, if any, should be reported as a liability for this contingency as of December 31, 2010?
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