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David Jones, the new administrator for a surgical clinic, was trying to evaluate how to allocate his indirect expenses. His staff was complaining that current method of taking a percentage of revenues was unfair. He decided to try to allocate utilities based on square footage of every department, administration based on direct costs, and laboratory based on tests. Use information in the chart below to answer problems 3, 4 and 5. Square Footage Direct Expenses Lab Tests Utilities $ 200,000 Administration 2,000 500,000 Laboratory 2,000 625,000 Day-op Suite 3,000 1,400,000 4,000 Cystoscopy 1,500 300,000 500 Endoscopy 1,500 600,000 500 Total 10,000 $ 3,625,000 5,000 1. What are Day Op Suite's total expenses? 2. What are Cystoscopy Department's total expenses? 3. What are Endoscopy Department's total expenses?
Does Hayden identify any gain or loss as a result of this distribution and evaluate Hayden's basis in the land, in inventory, and in partnership interest immediately following the distribution.
Prepare all journal entries required through June to record the above transactions and events.
Difference between financial accounting and managerial accounting.
What should be the required initial investment at the starting of the first year if the fund earns 11%?
What loss, if any, could Sound Audio report in its 2013 income statement? What liability, if any, should Sound Audio report in its 2013 balance sheet?
ABC INC purchased new machinery in order to improve its production process - Give the value of the new machinery, and list the financial statement in which it will be shown at fiscal year
Evaluate the amount of annual cash flows that Research In Motion must earn from these projects Assess RIM's most current annual financial statements, from its website or the SEC's website
Make all related journal entries in journal form for this purchases and the related payment.
Purpose the adjusting entry to recognise bad debt expens - Assume the same facts as above except that the Allowance for Doubtful Accounts account had a $500 debit balance before the current year's provision for uncollectible accounts.
Prepare a value analysis and an evaluation and distribution of excess schedule for the investment in Salmon.
What is the net investment in the truck project?
Show how each transaction would he handled using the accrual basis of accounting. Give the amount of revenue or expense for January. Journal entries are not required. Use the following format
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