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1. A company purchased a truck on March 1, 2007 at a cost of $70,000. The truck had an estimated useful life of 5 years and an estimated salvage value of $10,000. The company uses the straight-line method of depreciation. Determine the book value of the truck on December 31, 2011.
2. A company acquired equipment on April 1, 2010 for $160,000. The company estimates the useful life for the equipment is 400,000 units and the estimated salvage value is $60,000. If the company uses the units-of-activity method of depreciation, calculate the depreciation expense for 2010 if 8,000 units are produced.
3. A company purchased factory equipment for $150,000. It is estimated that the equipment will have a $30,000 salvage value at the end of its estimated 5-year useful life. If the company uses the double-declining-balance method of depreciation, calculate the amount of annual depreciation recorded for the third year after purchase
Prepare a Merchandise Purchases Budget for April, May and June, prepare a Cash Budgets for April, May and June and prepare a Budgeted Income Statement for the Quarter.
Boss Company's standard cost accounting system recorded this information from its December operations.
Build a spreadsheet: Construct an excel spreadsheet to solve all of the preceding requirements. Show how the solution will change if the following information changes: the downtown store's sales amounted to $235,000, and its variable expenses were..
Compare and contrast a static budget and the flexible budget in terms of both characteristics, timing and uses.
Daniels Corporation has $15 million of sales, $2 million of inventories, $3 million of receivables, and $1 million of payables.
If Jordan charges a price that is one-and-one-half times cost, what price is charged for each home? What type of information would Jordan want to keep track of on a simple labor time ticket?
A is a fixed cost; B is a variable cost. During the current year level of activity has reduced but is still within the relevant range. We would expect that
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What is meant by the term operating leverage? What is meant by the term margin of safety? If a company experiences a decrease in its CM ratio, what will be the impact on its break-even level of sales?
What is the standard cost of a single blanket and what was the actual cost per blanket produced during March what was the direct materials price variance for March
Navajo Company's financial statements show the following.
Rivkin was left feeling puzzled and concerned by Smiths evasiveness.The next day Rivkin talked to the production manager Amy Wilcox about the concers. Later that day Wilcox raised a issue wit smith .After lenghy and sometimes heated exchange the s..
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