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During the current period, Department A finished and transferred 50,000 units to Department B. Of the 50,000 units, 20,000 were 1/5 complete at the beginning of the period and 30,000 were started and completed during the period. Also during the period, 10,000 units were started but brought only to a stage of being 3/5 completed. If $14,000 of overhead was charged to Department A during the period, how much overhead should be allocated to the ending goods in process inventory?
Thelma thus selld the property to Paul (an unrelated party) for $65,000. On the next day, Paul sells the property to Sandy for the same amount. Is Thelma's realized loss of $55,000 deductible? Describe.
Using DuPont formula for rate of return on investment, determine profit margin, investment turnover, and rate of return on investment for each division.
What is the meaning of "discounted value of expected net receipts and what basis of valuation for Ferry's patents would be generally accepted in accounting? Give supporting reasons for this basis.
What should be the salvage value of the DEF model at the end of 10 years so that you would be indifferent between the two models?
Identify items of cash (and cash equivalents), understand the importance of cash management, and discuss revenue recognition when the right of return exists.
Find what transfer price would you recommend and why and evaluate what transfer price would you recommend if the Battery division is now selling 1,000,000 batteries a year to retail outlets?
Log transformation when points do not seem to follow a straight line.
Evaluate net annual cash inflow must the store generate for Anita to earn a 14 percent return over the 10-year period?
Purpose the journal entries that Big made through the year because of its investment in Little, you must use the same technique as you did in part a
Depreciation was calculated over 2 years on straight-line basis. In 20X2, it determined that the total life should be 10 years with the salvage value of $5,000 at the end its life.
here were no stock repurchases during the year. Determine the dividends paid by the firm in 2009?
FIFO, LIFO Costs Under Perpetual Inventory System. What is the total cost of the ending inventory according to FIFO? Illustrate what is the total cost of the ending inventory according to LIFO?
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