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Ice Mountain Company exchanged machinery with an appraised value of $1,755,000, a recorded cost of $2,700,000 and Accumulated Depreciation of $1,350,000 with Green Corporation for machinery Green owns. The machinery has an appraised value of $1,695,000, a recorded cost of $3,240,000, and Accumulated Depreciation of $1,782,000. Green also gave Ice Mountain $60,000 in the exchange. Assume depreciation has already been updated.1.Prepare the journal entry for Green Company assuming that the exchange had commercial substance.2. Assume that the exchange lacked commercial substance. Prepare the journal entry for Green Company.3. Assume that the exchange lacked commercial substance. Prepare the journal entry for Ice Mountain Company.
Find out the current operatng profit for the company as whole? Supposing that all fixed cost are unavoidable, if company eliminated the unprofitable segments, what would be the new operating profit for the company as a whole be?
The administrative expenses are 25% variable and 75% fixed. The company purchases its liners from a supplier at a cost of $125 per liner.
Calculations are only the beginning of the analysis. You must interpret the calculations and assess their implications and significance for the managerial analysis and decisions under discussion.
Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter and assume that the company will prepare a budgeted balance sheet as of June 30. Compute the accounts receivable as of that date.
Prepare a report that shows the effect on the company's total net operating income of buying part A55 from the supplier rather than continuing to make it inside the company.
Should ATI switch from the fast growing, online advertising market back into the well established published market? Does the charge of predatory pricing seem valid? Why are customers likely to be willing to pay higher price to get published servic..
Determine the denominators to be used in the calculations of cost per equivalent unit for materials and conversion costs.
Which alternative would you recommend that the company accept? Show all computations using the net present value approach. Prepare separate computations for each project.
The DiCiolla Co has sales of $12 million, CGS of $9 MM, and has $2.5 MM of inventory. Receivables are $750,000, payables are $666,667 and the company pays its payables in 30 days.
The focus of management accounting over time has changed. Which is the correct historical order for the following foci?
Show how each item should be reported in the statement of cash flows. Use parentheses for deductions
The job costing system of Johnsons custom shop has five activities which are employed as indirect cost pools
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