21. A machine costs P60,000 and the salvage value is P10,000 after 10 years. Find the book value after 7 years by Straight Line Method.
Q: Q. 5 You’ve collected the following information about Gandalf, Inc.: Sales = $255,000 Net Income…
A: 1) Rentetion ratio(b)=1-DividendNet income =1-600017200=65.12%Return On equity…
Q: QUESTION 45 The Investment portfolio of XYZ Ltd. as on 31.03.2020 consisted of the following: (Rs.…
A: Accounting for Investment There are some specific rules regulation which are implied in the…
Q: Shadee Corp. expects to sell 600 sun visors in May and 440 in June Each visor sells for $14Shadee's…
A: The budget process involves an estimation of expected expenses or revenues relating to a particular…
Q: Pottery Ranch Inc. has been manufacturing its own finials for its curtain rods. The company is…
A: Lets understand the basics. When management needs to choose between the make or buy, management…
Q: Wilson Johnson, a childhood, friend has asked you to assist with his personal finances. Single and…
A: Personal Cash flow statement reflects the cash inflows and outflows of an individual in order to…
Q: Use the information below to answer the two questions that follow. A company provides delivery…
A: Variance analysis is a vital tool used by managers to control cost.
Q: Shown below is activity for one of the products of Denver Office Equipment: January 1…
A: As per periodic inventory system, sale date is not considered while calculating the cost of goods…
Q: Required information [The following information applies to the questions displayed below.] Victory…
A: In this question we Compute cost per equivalent unit of production for both direct materials and…
Q: Sydney Ltd repaired a customers' washing machine and charged the customer $500 which the customer…
A: Cash is received immediately so cash will be debited. Income is generated so income will be…
Q: Dundar Mifflin manufactures and sells three products: X, Y, and Z. Annual fixed costs are $515,250…
A: A Break-even point is a point where there is no operating profit or loss is incurred which means…
Q: 36. The term footing refers to the: process of obtaining the top number in an account. process of…
A: While reviewing a draft Financial Statements, a number of methods are applied on the financial…
Q: Calculate the revenue, cost of goods sold and gross profit to be recognized in each year. Čalculate…
A: Degree of completion (%) = [(costs incurred + estimated cost)/ total estimates cost] * 100…
Q: a) What amount had accumulated in the depreciation reserve af the end of 2003 if the declining…
A: Mr Jhonny 01.01.2000 Car Purchased 900000 Intend to Sell after 10 years 300000
Q: Net Income Interest (Loss) $ 185, 000 179, 600 157, 250 188, 100 Expense $ 59,200 80, 820 44, 030…
A: The question requires the calculation of times interest earned ratio. Times interest earned ratio is…
Q: Garrison holds a controlling interest in Robertson's outstanding stock. For the current year, the…
A: Income tax expenses refer to the amount charged by the government from the individuals and the…
Q: Which of the following statements are true? Holding cash is costly when banks offer high interest…
A: The correct answer for the above question is given in the following steps for your reference.
Q: describe the costs associated with tangible and intangible assets, and the methods of expensing…
A: Tangible Assets: Intangible assets are tangible assets that can be touched or felt. They include…
Q: 2. In good form, please record journal entries for the following transactions for the month of…
A: The question is related to Journal Entries for the month of September
Q: Instructions: Identify each of the following accounts as an asset, Liability or Equity. ACCOUNTS…
A: Asset : An asset is something which is owned ( possession ) by the company. Liability : A liability…
Q: By-products are Select one: a. not sufficient alone, in terms of sales value, for management to…
A: Bartleby policy: As per Bartleby policy if multiple questions are given then we are allowed to do…
Q: As the auditor of STUVWXYZ Partnership Ltd., you discovered the following transaction entries made…
A: These are the adjusting entries that are made in journal at the end of accounting period to adjust…
Q: LO 13-4, 13-6, 13-7 28. The Walston Company is to be liquidated. It has the following liabilities:…
A: Notes Payable- Notes payable are long-term liabilities that designate the money a corporation owes…
Q: Service revenue (from camping fees) $171,600 Dividends $11,700 Sales revenue (from general store)…
A: Introduction: The money a corporation receives through the selling of goods or the supply of…
Q: Briefly explain to Miss Pretzel why a regulatory reporting framework is required for preparing…
A: The answer for the theory question on need of regulatory reporting framework for preparing financial…
Q: Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has…
A: High low method: Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest…
Q: ast year, Nikkola Company had net sales of P2,299,500, and cost of goods sold of P1,755,000. Nikkola…
A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve first three…
Q: Pls answer the all questions with solutions 4. Precio Jewels Corporation produces quality jewelry…
A: Solution Economic order quantity is used to make a ideal order size with minimum cost.
Q: The following are Splish Corp.’s comparative balance sheet accounts at December 31, 2020 and 2019,…
A: The statement of cash flow (CFS) represents the flow of cash that takes place in the business during…
Q: tatic Budget versus Flexible Budget The production supervisor of the Machining Department for…
A: The budget is prepared on the basis of estimated results for the business. The budget helps to plan…
Q: Question 1.2 Following are the account balances for the DC Company in 2018: Beginning of 2018 Ending…
A: 1. Cost of goods manufactured CALCULATION PARTICULAR WORKING AMOUNT ($) Raw…
Q: A company uses a standard costing system with direct labor hours (DLHS) as the allocation base for…
A: Let the Actual Units be "x" Fixed Overhead Cost Variance = Fixed OH Budget Variance + Fixed OH…
Q: There were no beginning work-in-process inventories on April 1. Data for April are shown in the…
A: Production cost: Production cost refers to the total cost expended while manufacturing an item. It…
Q: What is the total relevant cost of reworking the defective units?
A: Answer: a. $2,250
Q: 11. Kier has a salary of $202, 020, 020 this year, Next year, his salary will increase by 300%. The…
A: Current salary = $202,020,020 Year 1 growth rate = 300% Year 2 growth rate = -75%
Q: how do you know materials per unit is 3 and not 2
A: Direct materials are the materials or inventory directly consumed in the production of the final…
Q: arch 20x0 Us Ltd…
A: WCM stands for working capital management refers to the strategy of the business that is made in…
Q: Which of the following is relevant to the special order?
A: Answer: c. $7.35
Q: please answer part iv v vi
A: Given: Budgeted Variable overheads - Rs 8,00,000 Budgeted fixed overheads - Rs 5,00,000 Budgeted…
Q: Q. 1 Y3K, Inc. has sales of $7425, total assets of $3,500, and a debt-equity ratio of 0.29. Assume…
A: Net Income is the residual amount that an entity has after making payment for expenses and taxes. It…
Q: Prepare all journal entries Dec Mahmood invested $25,000 cash in his business. Paid office rent for…
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…
Q: On January 1, 2021, had 2, 000, 0000 ordinary shares outstanding. On July 1, 2021, the entity issued…
A: Diluted earnings per share refers to a company’s per-share profit based on the number of common…
Q: Mr. Ali appointed as an auditor for the final audit of the Mazoon retail corporation for the year…
A: Audit evidence indicates various methods adopted by the auditor to check the relevancy and…
Q: On December 31, 2020, Rebel Corporation's balance sheet reported the following. Common stock, $1 par…
A: ln a double accounting system journal entries are fast that affect the two account one having Debit…
Q: Profit Corp. has a subunit classified as a cost center that supports other parts of the firm but has…
A: A profit center is a department or division of a firm that directly adds to or is expected to add to…
Q: 2uPes a variety of tools and industrial equipment. The company opera division is an investment…
A: Net income is the amount an individual or business earns after deducting costs, allowances, and…
Q: What is the present value of $30,700 due 12 periods from now, discounted at 12%? (Round answer to 2…
A: This is used in the case of a future annuity – suppose an equal sum of money is invested in the bank…
Q: In your own words, why are internal controls important? Why do you think Congress has made it…
A: The importance of internal control are discussed as follows: 1. Regular internal control denotes…
Q: Pls answer the all questions with solutions 12 – 13. Wins Department Store had net credit sales of…
A: Inventory turnover = Cost of goods sold / Average inventory where, Average inventory = (beginning…
Q: QUESTION 3 Simple T's, Inc. sells plain T-shirts in a very competitve market and thus needs to price…
A: Formula: Sales = Target Total Costs + Target Profit
Q: NoFlush is a firm that produces portable sanitation units. This firm uses backflush costing and…
A: Back flush costing system is a product costing system. This system records cost only after the sale…
Step by step
Solved in 2 steps
- Dauten is offered a replacement machine which has a cost of 8,000, an estimated useful life of 6 years, and an estimated salvage value of 800. The replacement machine is eligible for 100% bonus depreciation at the time of purchase- The replacement machine would permit an output expansion, so sales would rise by 1,000 per year; even so, the new machines much greater efficiency would cause operating expenses to decline by 1,500 per year The new machine would require that inventories be increased by 2,000, but accounts payable would simultaneously increase by 500. Dautens marginal federal-plus-state tax rate is 25%, and its WACC is 11%. Should it replace the old machine?The cost of a Tajima embroidery machine is P1.2M and the cost of installation is P50,000. If the salvage value is 10% of the cost of the machine at the end of 10 years, determine the book value at the end of the 3rd year. Use Straight-Line MethodThe 1st cost of a certain machine is P900,000.00 . After 8 years, it will have a salvage value of P 180,000.00. Compute the book value at the end of 3 years.
- A crane costs P700,000 and whose salvage value is P50,000 after 10 years. A. Find the rate (%) of depreciation using Matheson’s FormulaThe first cost of a machine is $375,000 with a 7 years life. Annual interest rate is 20% and the expected annual maintenance cost of this machine is $15,000. For each case in the following, calculate the double declining balance depreciation payments if its salvage value is A) $85,000 B) $10,000 C) $35,575.A lathe machine costs ₱650,000 and the salvage value of ₱65,000 after 20 years. Find the book value at the end of 5 years by DBM and the book value at the end of 5 years by DDBM
- Consider the following operating and maintenance costs of a new machine whose first cost is $ 86,000 with a useful life of 6 years and its salvage value is $ 14,000 whatever its age is. The interest rate is 6%, compounded annually. Find its economic life. Year 1 2 3 4 5 6 O&M Costs, $ 5,000 7,000 9,000 11,000 13,000 15,000A Machine costs ₱80,000 and an estimated life of 10 years with a salvage value of ₱5,000. What is the book value after 5 years using the following methodology? a. Service-Output Method. Assuming that the total service of the machine is 1,497,600 hours and the number of working days per year is 260 days. What is the book value after 4 years if the machine production time a is 24 hours? BV4 = P 78,750.00Note: Provide solution since the answers are already shown and include the CASH FLOW DIAGRAM. Please use manual solution and not excel solutionsA machine costs $300,000 with a salvage value of P50,000 at the end of its life of 10 years. If money is worth 6% annually, use Sinking Fund Method and tabulate the annual depreciation and book value.
- Compute the present equivalent cost of a machine tool that costs $10,000 initially plus $500 for maintenance every year. The estimated life of the tool is twenty years and its estimated salvage value at that time is $3000. Interest rate is 12%. A) $13,400 B) $13,700 C) $15,000 D) $17,000A machine costs P1,500,000. It has a salvage value of P600,000 at the end of its economic life. Using the SYD method, the book value at the end of 2 years is estimated to be P870,000. What is the machine's economic life in years?The cost of a Range Rover is 50,000 RO with an estimated life of 8 years and the salvage value is 10,000 RO. What is the book value at the end of second year using straight line depreciation? a. 30,000 RO b. 40,000 RO c. 45,000 RO d. 35,000 RO
