The lansing community college registrars office is

Assignment Help Accounting Basics
Reference no: EM13578353

The Lansing Community College registrar's office is considering replacing some Canon copiers with faster copiers purchased from Kodak.
The office's 4 Canon machines are expected to last 5 more years. They can each be sold immediately for $1,300; their resale value in 5 years will be zero. The total cost of the new Kodak equipment will be $111,000; the equipment will have a life of 5 years and a total disposal value at that time of $2,100.The 4 Canon operators are paid $7.60 an hour each. They work a 40-hour week and 51 weeks a year. The machines break down periodically, resulting in annual repair costs of $1,200 for each machine. Supplies cost $1,080 a year for each machine.The Kodak system will require only 2 regular operators to do the same work. Kodak has offered the college a maintenance contract that covers all machine breakdowns; the cost of the contract is $720 per year. Total cost for all supplies will be $3,240 per year

Reference no: EM13578353

Questions Cloud

What was the sample size for this survey are the data : 1. the ritz-carlton hotel used a customer opinion questionnaire to obtain performance data about its dining and
Make the journal entries to record the events assuming : nbspshane company experienced the folowing transactions during the month of november 20103 purchased 90200 in
On january 1 2011 club company issued 10 bonds dated : on january 1 2011 club company issued 10 bonds dated january 1 2011 with face amount of 20 million. the bonds matue in
Compute the slope of the regression line for the data : compute the slope of the regression line for the data belowx 3 0 3 5 3y 7 4 -2 2
The lansing community college registrars office is : the lansing community college registrars office is considering replacing some canon copiers with faster copiers
Discuss the effect on the width of the confidence interval : question the proportion of successes in a random sample of 400 was calculated as 50.a. estimate the population
Paid phone bill additional information account balances for : healy corporation had the following operating events occur during the month of august 2010. healy corporation fiscal
In a random sample of 500 observations we found the : question a normally distributed population has a mean of 40 and a standard deviation of 12. what does the central
Sutherland manufactures and sells 110000 laser printers : sutherland manufactures and sells 110000 laser printers each month. a principal component part in each printer is its

Reviews

Write a Review

Accounting Basics Questions & Answers

  Nonmonetary exchanges for garrison construction

During the current year, Garrison Construction trades an old crane that has a book value of $80,000 (original cost $140,000 less accumulated depreciation $60,000) for a new crane from Keillor Manufacturing Co. the new crane cost Keillor $165,000 t..

  Periodic inventory system problem

Barkley Company uses a periodic inventory system and has the following account balances: Beginning Inventory $50,000, Ending Inventory $70,000, Freight-in $12,000, Purchases $450,000, Purchase Returns and Allowances $8,000, and Purchase Discounts ..

  Ptrenko corporation has outstanding 2240 1000 bonds each

petrenko corporation has outstanding 2240 1000 bonds each convertible into 50 shares of 14 par value common stock. the

  Simple average method and weighted average method

Prepare stores ledger account using the simple average method and weighted average method.

  Intercompany sales elimination entries

Intercompany Sales Elimination Entries With and Without Intercompany Profit"

  Resulting number of common shares issued

Corporation has $10 par value common stock with 1000000 shares authorized, and a value of 7000000 before purchasing 3000 shares of common stock. the resulting number of common shares issued and outstanding is?

  Allocate any over-or underapplied overhead to cost of goods

Prepare the adjusting entry to allocate any over-or underapplied overhead to Cost of Goods Sold.

  Domestic production activities deduction anniken cassi

domestic production activities deduction anniken cassi operating as a sole proprietor manufactures digital cameras in

  Amount of gain or loss on redemption

Bonds payable has a balance of $1,000,000 and premium balance of $7,000. IF the issuing corporation redeems the bonds at 101. what is the amount of gain or loss on redemption?

  Baxtra inc pays 20000 in cash as interest to its lenders

baxtra inc. pays 20000 in cash as interest to its lenders during 2005. according to u.s. gaap in which section of the

  Partnership earned net income

O. Guillen (beginning capital, $69,000) and K.Williams (beginning capital ($82,000) are partners. During 2008, the partnership earned net income of $71,400, and Guillen made drawings of $18,700 while Williams made drawings of $32,200.

  What is the roi of project zm based on the initial

jacob kemp was torn between conflicting emotions. on the one hand things were going so well. he had just completed six

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd