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Bison Industries is in its first year of operations. Bison purchased the following assets during 2012:
Use MS Excel to prepare an annual depreciation schedule for the fixed assets of Bison Industries as of December 31, 2012. At a minimum the schedule should include the following information:
Evaluate the interest rate on the company's note payable? The 2013 rent payment was made at the starting of which month? How much did Eldorado lend its customer on Oct 31?
Good accounting systems help in managing cash and controlling who has access to it. Illustrate what items are included in the category of cash?
Can you get a copy of the full text of a GASB statement from this site? If not, how would you obtain a copy of GASB statement no. 34? Illustrate what is the cost to purchase a statement?
Explain how the profitability of the company can be made to look better if they were to produce more products, even if they are not all sold right away.
The cash equivalent price of the machine was $36,000. Hayes incurred and paid installation costs amounting to $1,500. What is the amount to be capitalized as the cost of the machine?
Invoices representing $1,005 of services performed during the month have not been recorded as of June 30. Prepare the adjusting entries for the month of June.
On June 30, 2012 Ghosh Company concludes that a customer's $4750 receivable (created in 2011) is uncollectible and that the account should be written off. Illustrate what effect will this action have on Ghosh's 2012 net income? Explain.
What is the WACC (Weighted Average Cost of Capital) of Bickely with its 30/70 capital structure? Bickley’s average borrowing rate with this capital structure is 7.5%. Illustrate what will be Bickley’s WACC with its 15/85 capital structure?
what is its cost of common equity and what will be the firm's cost of common equity using the CAPM approach
Prepare absorption and contribution margin income statements for the succeeding quarter for the division and compute production costs per unit for both approaches and for both quarters
Record the transactions in T accounts, prepare a trial balance for the end of the month.
Examine the five-year trend information and make a list of any indicators that are negative.
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