Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Johnson Realty bought a 2,000- hectare island for $10,000,000 and divided it into 200 equal size lots.As the lots are sold, they are cleared at an average cost of $5,000.Storm drains and driveways are installed at an average cost of $8,000 per site.Sales commissions are 10% of selling price.Administrative costs are $850,000 per year.The average selling price was $160,000 per lot during 2009 when 50 lots were sold.During 2010, the company bought another 2,000- hectare island and developed it exactly the same way. Lot sales in 2010 totalled 300 with an average selling price of $160,000. All costs were the same as in 2009.
Required: Prepare income statements for both years using both absorption and variable costing methods.
Show entries to record the selected transactions described Issued $3,250,000 of 10-year, 8% bonds at 97.
What should be the carrying value of Sullivan's inventory if the company prepares its financial statements according to International Financial Reporting Standards?
Calculate unit cost for the month for materials, labor, and factory overhead. Units completed and transferred to stock.
Find out the net present value of the investment in the machine. What is the difference between the total, undiscounted cash inflows and cash outflows over the entire life of the machine?
The company's fiscal year ends on February 28. Debbie's sold 500 shares of common stock at $6 per share on April 1. Illustrate what impact does the entry to record the April 1 transaction have on total stockholders' equity?
Evaluate the equivalent units of product for (1) materials and (2) conversion cost for each month and calculate the physical units for January and May.
The debt will be paid off in 30 equal semiannual installments of $30,000 over 15-year period commencing October 1,2009, with interest of 6 percent per annum on the outstanding debt.
But isn’t that a pretty rosy estimate of these assets’ actual life? Trade publications show an average depreciation period of 12 years. How would increasing depreciation period affect American Movieplex’s income?
What arguments would brian jones, manager of the mining division, make to support the transfer pricing method that he prefers.
Describe supply-chain management and a just-in-time operating environment. Why are they important to achieving a favorable inventory turnover?
What is Blue’s charitable contributions deduction for the current year? What is Blue’s charitable contribution carryback or carryover (if any)? In what years can it be used?
Prepare the essential journal entries What is the Dollar Value of Cost of Goods Sold at January 31? What is the Dollar Value of Ending Inventory at January 31?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd