Business, 13.03.2020 03:36, ahnorthcutt4965
Allocation Busters (AB) is a dispute mediation firm offering services to firms in disputes about cost allocations with government agencies. For March, AB worked 452 hours for Massive Airframes and 662 hours for Gigantic Drydocks. AB bills clients at the rate of $509 per hour; labor cost for its professional staff is $220 per hour. Overhead costs in March totaled $40,930. Overhead is applied to clients at $45 per labor-hour. In addition, AB had $199,500 in marketing and administrative costs. All transactions are on account. All services were billed.
Required: (a) Show labor and overhead cost flows through T-accounts.
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Business, 23.06.2019 16:00, aesmithswhs
On january 1, 2018, wetick optometrists leased diagnostic equipment from southern corp. which had purchased the equipment at a cost of $2,256,342. the lease agreement specifies six annual payments of $490,000 beginning january 1, 2018, the beginning of the lease, and at each december 31 thereafter through 2022. the six-year lease term ending december 31, 2023 (a year after the final payment), is equal to the estimated useful life of the equipment. the contract specifies that lease payments for each year will increase on the basis of the increase in the consumer price index for the year just ended. thus, the first payment will be $490,000, and the second and subsequent payments might be different. the cpi at the beginning of the lease is 120. southern routinely acquires diagnostic equipment for lease to other firms. the interest rate in these financing arrangements is 12%. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) prepare the appropriate journal entries for wetick and southern to record the lease at its beginning.
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Business, 23.06.2019 20:00, barloase5747
In the united states, the most common form of business is the and the form of business that generates most of the sales and profits is the
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Allocation Busters (AB) is a dispute mediation firm offering services to firms in disputes about cos...
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