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What will be the Book value of asset if its Original cost is Rs. 50,000; Accumulated depreciation is Rs. 20,000; and Depreciation expense for the year is
Rs. 10,000?
A. Rs. 70,000
B. Rs. 80,000
C. Rs. 30,000
D. Rs. 40,000
In August, Gold Company sold 770 units of their only product. For the month, fixed costs were $10,400, variable costs were 57% of sales, and the average sales price was $62.
Prepare the general journal entry to accrue the monthly sales salaries expense at January 31. The employer payroll taxes for Metro Express include FICA taxes, federal unemployment taxes of 0.8% of the first $7,000 paid each employee, and state unem..
Rampart Hospital has total variable costs of 90% of total revenues and fixed costs of $50 million per year. There are 50,000 patient-days estimated for next year. What is the average daily revenue per patient necessary to breakeven?
When a fire truck purchased from General Fund revenues was received, the appropriate journal entry was made in the governmental activities general journal. What account, if any, should have been debited in the General Fund?
Examine the legal liability an accounting professional has, including how a CPA is protected.
An analysis of the general ledger accounts indicates that office equipment which cost $68,000 and on which accumulated depreciation totaled $22,500 on the date of sale was sold for $39,600 during the year.
If an officer is not actually paid his salary but the salary is shown as accrued for 2010, for a C Corp, is the total accrued amount for that officer included on Schedule E or only what the officer is actually paid in 2010?
The CEO asks, "How can actual operating income be roughly 12% of the static budget amount when there are so many favorable variances?"
Which one of the following is an agency cost? a) accepting an investment opportunity that will add value to the firm b) increasing the quarterly dividend
What is the overhead application rate of the manufacturer? What is the product cost of a batch of 1,000 racquets that use 200 direct labor hours at $10 perhour and $5,000 of direct materials.
How is the value of a bond determined? What is the value of a 10- year, $1000 par value bond with a 10% annual coupon if its required rate of return is 10%
In late June, the Everest Construction Co. submitted a progress billing on a construction contract for $500,000. On July 2, the bill was approved for payment, subject to a five percent retention, as provided by the contract. The amount that should..
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