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Question - Banko Inc. manufactures sporting goods. The following information applies to a machine purchased on January 1, Year 1:
Purchase price $70,000
Delivery cost $3,000
Installation charge $1,000
Estimated life 5 years
Estimated units 140,000
Salvage estimate $4,000
During Year 1, the machine produced 36,000 units and during Year 2, it produced 38,000 units.
Required - Determine the amount of depreciation expense for Year 1 and Year 2 using each of the following methods:
a. Straight-line
b. Double-declining-balance
c. Units of production
A firm is evaluating an accounts receivable change that would increase bad debts from 2% to 4% of sales. Sales are currently 50,000 units, the selling price is $20 per unit, and the variable cost per unit is $15. As a result of the proposed change,..
Nov. 15 Issued 380,000 of its common shares in exchange for equipment forwhich the cash price was known to be $3,688,000.
Assuming a 50 percent coverage C limit, calculate how much the Brown family would receive if they filed a claim for the stolen items
Compute the time-driven activity cost driver rates, assuming 9,000 hours of useful work and the unit time estimates given in the problem statement
Assume that on June 1 the board of directors declared a cash dividend of $0.23 per share on the outstanding shares. Calculate the total amount of the dividend.
What is the payback period for each of Kambry Day's projects? If rapid payback is important, which project should be chosen? Which would you choose?
Calculate the contribution margin ratio and prepare two contribution margin income statements: one at the $245,000 leveland one at the $364,000 level.
Record the above transactions in general journal form and post to T-accounts.
Because of the uncertainty for the future cash flows and the discount rate, we cannot complete the balance sheet if we do have the income statement first. (a) Please discuss for how the uncertainty is related to earnings quality. (b) Can the uncer..
You recently invested $12,000 of your savings in a security issued by a large company. The security agreement pays you 7 percent per year and has a maturity two years from the day you purchased it.
Question - Business Mathmatics Case Study. Evaluate business performance using arithmetic, geometric sequences, simple, and compound interest
Calculate the amount of depreciation expense for each for the month ended February 28, 2014 assuming the company uses the double-declining-balance method
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