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X Company has the following estimated costs for the year:
X Company estimates that 1,700 direct labor hours will be worked during the year, and machines will be operated for 63,000 hours during the year. If overhead is allocated on the basis of direct labor cost, what will the overhead rate be?
mitchell and debbie both 55 years old and married sell their personal residence to sophie. sophie pays 225000 and
Prepare journal entries to record the following transactions entered, answer the questions in accounting basics.
MixRecording Studios purchased $7,800 in electronic components from TechCom. MixRecording Studios signed a 60-day, 10% promissory note for $7,800. If the note is dishonored, what is the amount due on the note?
Englehart Company sells two types of pumps. One is large and is for commercial use
what types of industries have unearned revenue?why is unearned revenue considered a liability?when is the unearned
explain the four basic financial statements? describe the balance sheet and explain why it is
An asset purchased by A Corporation for $15,000 ON 01/01/1997 also incurred freight charges of $200 and installation cost of $1,000.The asset had a life expectancy of eight years and a salvage value of $2,800.
Assume the same facts except that Loon's long-term capital gain is $100,000 (instead of $60,000). Compute Loon's taxable income for the year.
Explain why the short-term project might be higher ranked under the NPV criterion if the cost of capital is high whereas the long-term project might be deemed better if the cost of capital is low. Would changes in the cost of capital ever cause a ..
Discuss the allowance method and the direct write-off method of accounting for bad debts. When is the expense for uncollected accounts receivable recognized under each method? Respond to at least two of your classmates' postings.
during 2012 and 2013 supplies inc. drove the truck 15000 and 22000 miles respectively to deliver merchandise to its
raven company is considering replacing equipment which originally cost 500000 and which has 460000 accumulated
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