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1. On January 1, 2005, Wintz Corporation acquired machinery at a cost of $600,000. Wintz adopted the straight-line method of depreciation for this machine and had been recording depreciation over an estimated life of ten years, with no residual value. At the beginning of 2008, a decision was made to change to the double-declining balance method of depreciation for this machine.
a. Assuming a 30% tax rate, what is the cumulative effect of this accounting change on beginning retained earnings?b. What amount should Wintz record as depreciation expense for 2008?
The marketing manager believes that a $12,000 increase in the monthly advertising budget would result in a 160 unit increase in monthly sales. What should be the overall effect on the company's monthly net operating income of this change?
What would be the indifferent point?
Dove Corporation had purchased the land as an investment three years ago for $375,000, and the land was distributed subject to a $270,000 liability. Alexandra took the land subject to the $270,000 liability. What is Alexandra's basis in the land?
A manufacturer of thermostats uses a kanban system to control the flow of materials. The packaging center processes 10 thermostats an hour and receives completed thermostats every 30 minutes. Containers hold 5 thermostats each.
if a corporation wants a guarantee that all of its shares of stock will be sold it should use which of the following
a corporation applies manufacturing overhead on the basis of direct labor-hours. at the beginning of the most recent
Identify the following activities as unit level (U), batch level (B), or facility level (F), which would indicate how each activity is incurred relative to production.
Worthington Company issued $1,000,000 face value , six-year, 10% bond on July 1, 2010, when the market rate of interest was 12%. Interest payments are due every July 1, and January 1. Worthington uses a calendar year-end. 1. Prepare the journal en..
During the year, Sereno Co. recorded prepayments of expenses in asset accounts, and cash receipts of unearned revenues in liability accounts. At the end of its annual accounting period, the company must make three adjusting entries.
galley corp. a merchandiser recently completed its 2011 operations. for the year 1 all sales are credit sales 2 all
dougs custom construction company is considering three new projects each requiring an equipment investment of 29260.
The balance sheet reported a begin n in g balance o f Rs. 23,000 in Accounts Receivable and an endin g balance o f Rs . 16,000 . The inco me statement reported. Sales Revenue of Rs. 230,000. Using this information, what will be the amount of cash c..
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