Exercise Assignment The Forest Green Company is considering purchasing additional equipment that would have an initial cost of $400,000. They estimate it would add $220,000 to pre-tax revenues and variable operating expense (before taking account of depreciation) per year of 40%, for the first 4 years. In Year 5, they will cease production, and therefore […]
Use excel or google sheets for all quantitative calculations. Calculate the annual rate of return for the new machine. (Round to two decimals.)
Capital Investments Project DC Company is considering the purchase of a new machine. The price of the new machine is $122,000, freight charges are estimated to be $3,000, and installation costs are expected to be $5,000. Salvage value of the new machine is expected to be zero after a useful life of 4 years. Existing […]
Using the information below, what is the equipment’s book or carrying value on December 31, 20X6?
Simple Accounting Question MCQ Suppose the following original and revised information is available regarding a piece of equipment: Original information at January 1, 20X1: January 1, 20X1 Equipment cost $63,000 Estimated life at January 1, 20X1 A years Estimated salvage value $3,000 Double declining balance (DDB) depreciation method using the half-year convention is used. Revised […]
Were operating cash flows greater than, or less than, accrual net income (or loss)? What are the principal items giving rise to the differences between these two figures?
ASSIGNMENT Read the case and answer the questions about cash flows (statements) https://www.studypool.com/questions/download?id=2760463&path=uploads/questions/435260/20230302002842case_statements_of_cash_flows.pdf&fileDownloadName=attachment_1 Read the case and answer the questions about the statements Can you tell whether the statement was prepared using: (a) the direct or indirect method; (b) IFRS or some other set of GAAP? What are the major sources of cash? What are […]
Describe the diverse methods used to estimate bad debts in an accounting system. Provide examples for each method.
Assignment Question(s): (Marks15) Q1. Suppose you are an auditor who has been tasked with looking into the internal controls at a company. How can you evaluate the company’s internal controls to see if they are sufficient? (5Marks) Q2. Why do companies use the allowance method to account for bad debts? Describe the diverse methods used […]
Prepare a table with three columns to include the following information: Classify the costs of this new product as direct materials, direct labor, manufacturing overhead, selling, or administrative.
Introduction To Managerial Accounting SLP Module 1 Everything Umbrella Inc. is considering producing a new type of umbrella. This new pocket-sized umbrella would fit into a coat pocket or purse. Prepare a table with three columns to include the following information: Classify the costs of this new product as direct materials, direct labor, manufacturing overhead, […]
Describe the circumstances of the following case study and recommend a course of action. Explain your approach to the problem, perform relevant calculations and analysis, and formulate a recommendation.
ASSIGNMENT Submit a paper which is 2-3 pages in length (no more than 3-pages), exclusive of the reference page. Paper should be double spaced in Times New Roman (or its equivalent) font which is no greater than 12 points in size. The paper should cite at least two sources in APA format. One source can […]
Why is it important for companies to implement good internal control? What are the principles of internal control? Explain.
Principles of Accounting Q1. Compare the different depreciation methods. Give an example of how companies depreciate their plant assets under each method.(Marks5) Q2. Why is it important for companies to implement good internal control? What are the principles of internal control? Explain your answer. (Marks5) Q3. A company wants to use the allowance method to […]
Compare the different depreciation methods. Give an example of how companies depreciate their plant assets under each method.
ACC101, Reporting and analyzing long-term assets, receivables, AND cash and internal controls Q1 compare the different depreciation methods. Give an example of how companies depreciate their plant assets under each method. Q2 Why is it important for companies to implement good internal control? What are the principles of internal control? Explain your answer. Q3 a […]
Compare the different depreciation methods. Give an example of how companies depreciate their plant assets under each method.
Assignment Question(s): (Marks15) Q1. Compare the different depreciation methods. Give an example of how companies depreciate their plant assets under each method. Q2. Why is it important for companies to implement good internal control? What are the principles of internal control? Explain your answer. Q3. A company wants to use the allowance method to account […]