Homework Answers
| Q.1 | Correct Option B i.e. $2224000 | |
| Desired profit = Desired rate * total assets | ||
| =16% * 13900000 | ||
| 2,224,000 | ||
| Q.2 | Correct Option A i.e. $55000 | |
| Sunk cost is a past cost which has been incurred and has no effect of our decision making. In the given case the original cost of machine is a past cost and do not have any effect on the replacement decision. | ||
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Answer all of these, please Answer correctly!!! You have to answer all of these posts, please!!!...
Answer all of these, please
Answer correctly!!!
You have to answer all of these posts, please!!!
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Leverage - Agent.. Bookmarks S SE HUNTSVILLE,. MyPaymentsPlus Target Life & Heal.. CandiceOlson Welcome | Sarah.. Math Workshee Midterm Exam (Chapters 1-4) 6 Saved Help The Sarbanes-Oxley Act set up the Public Company Accounting Oversight Board with the responsibility for all of the following except 2 Multiple Choice internal controls within compenies. controlling the quality of audits. certifying the competence of financial executives. setting rules and standards for the independence of auditors. Next > 2 of 25 < Prev Mc...
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work is not needed
Question 44 Smith Industries is considering replacing a machine that is presently used in its production process. The following information is available: Old Machine Replacement Machine $45,000 $35.000 5 Original cost Remaining useful life in years Current age in years Book value 5 0 5 $25,000 $8,000 Current disposal value in cash Future disposal value in cash (in 5 years) Annual cash operating costs $0 $0 $7,000 $4,000 For a machine replacement decision which of the...
Check my work Rockyford Company must replace some machinery that has zero book value and a current market value of $1,400. One possibility is to invest in new machinery costing $36,000. This new machinery would produce estimated annual pretax cash operating savings of $14,400. Assume the new machine will have a useful life of 4 years and depreciation of $9,000 each year for book and tax purposes. It will have no salvage value at the end of 4 years. The...
Answer all of these, please
Answer correctly!!!
You have to answer all of these posts, please!!!
1 Required: 1. Compute the cost of each machine. 2. Prepare the journal entry to record depreciation expense at the end of year 1, assuming the following: Estimates Depreciation Method Straight-line Units-of-production Double-declining-balance Residual Value $1,000 4,500 1,400 nts Life Machine 4 years 30.000 hours 10 years A B C Answer is not complete. Complete this question by entering your answers in the tabs...
Leverage - Agent.. Bookmarks S SE HUNTSVILLE,. MyPaymentsPlus Target Life & Heal.. CandiceOlson Welcome | Sarah.. Math Workshee Midterm Exam (Chapters 1-4) 6 Saved Help The Sarbanes-Oxley Act set up the Public Company Accounting Oversight Board with the responsibility for all of the following except 2 Multiple Choice internal controls within compenies. controlling the quality of audits. certifying the competence of financial executives. setting rules and standards for the independence of auditors. Next > 2 of 25 < Prev Mc...
1) 1) Goods in transit are automatically included in inventory regardless of whether title has passed to the buyer. A) True B) False 2) 2) An advantage of FIFO is that it assigns the most recent costs to cost of goods sold, and does a better job of matching current costs with revenues on the income statement. A) True B) False 3) 3) Errors in the period-end inventory balance only affect the current period's records and financial statements. A) True...
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