What is the annual depreciation for a piece of equipment
What is the annual depreciation for a piece of equipment with total acquisition cost of $200,000, salvage value of $20,000 and an estimated life on 7 years?
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Shula's 347 Grill has budgeted the following costs for a month in which 1,600 steak dinners will be produced and sold: materials, $4,080; hourly labor (variable), $5,200; rent (fixed), $1,700; depreciation.
Olympic Supply company uses the direct-off method of accounting for uncollectible account.Instructions:Record the following transactions in the general journal.
The Blending Department began the period with 20,000 units. During the period the department received another 80,000 units from the prior department and at the end of the period.
Updike and Patterson Investmens inc (UPI) holds equity investments with a cost basis of $250,000. UPI accounts for these investments as available-for-sale securities.
Clearance Depot has total monthly costs of $8,000 when 2,500 units are produced and $12,400 when 5,000 units are produced. What is the estimated total monthly fixed cost?
Randy Company produces a single product that is sold for $85 per unit. If variable costs per unit are $26 and fixed costs total $47,500, how many units must Randy sell in order to earn a profit of $100,000?
A retailer purchased some trendy clothes that have gone out of style and must be marked down to 40% of the original selling price in order to be sold. Which of the a sunk cost in this situation?
Show the impact on Zippy's monthly operating profit if they accept/decline the offer and they are producing and selling 35,000 normal crates per month.
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