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Daniele Corporation uses an activity-based costing system with the following three activity cost pools: Activity Cost Pool Total Activity Fabrication 50,000 machine-hours Order processing 500 orders Other not applicable The Other activity cost pool is used to accumulate costs of idle capacity and organization-sustaining costs. The company has provided the following data concerning its costs: Cost Data Wages and salaries $280,000 Depreciation $200,000 Occupancy $140,000 Total $620,000 The distribution of resource consumption across activity cost pools is given below: Activity Cost Pools Fabrication Order Processing Other Total Wages and salaries 60% 30% 10% 100% Depreciation 20% 35% 45% 100% Occupancy 10% 50% 40% 100% The activity rate for the Fabrication activity cost pool is closest?
Vial-tek has an existing loan in the amount of $3.5 million with an annual interest rate of 9.5%. The company provides an internal company-prepared financial statement to the bank under the loan agreement.
state the effect cash receipt or payment and amount of each of the following transactions considered individually on
Bill receives interest income of $5,000 from bonds purchased with his salary after marriage. Bill and Hillary receive $10,000 dividend income from stock they purchased jointly. Hillary's income would be ??
Penn accordingly accounted for this lease transaction as a capital lease. The lease payments were determined to have a present value of $671,008 at an effective interest rate of 8%. With respect to this capitalized lease, Penn should record for 20..
just to give you some guidelines on the extra credit budget assignment we talked about. there are two parts1. create a
dixon corporation is considering a public offering of common stock. the firm will offer one million shares of common
ertified public accountants have imposed on themselves a rigorous code of professional conduct.1. discuss the reasons
Wade's outstanding stock consists of 50,000 shares of cumulative 9.50% preferred stock with a $10 par value and also 125,000 shares of common stock with a $1 par value.
Woody Corp. had taxable income of $8,000 in the current year. The amount of MACRS depreciation was $3,000 while the amount of depreciation reported in the income statement was $1,000. Assuming no other differences between tax and accounting income..
A company issues a $200,000, 10-year note for $75,000. What type of note is this? How should the issuance be recorded?
Write the journal entry to show the effect of the accrual (if any) that should be made as of December 31 with respect to the advertising allowance offer.
Prepare an income statement for the year 2007 starting with income from continuing operations before taxes. Compute earnings per share as it should be shown on the face of the income statement. Common shares outstanding for the year are 80,000 sha..
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