Entries by mary WAMBUGU

(What is the Salvage value 14,000 or 35,000?) July 1, 2016, Alpha purchased for $76,000, equipment having a service life of eight years and an estimated residual value of $14,000.

August 25, 2019 in /by

(What is the Salvage value 14,000 or 35,000?) July 1, 2016, Alpha purchased for $76,000, equipment having a service life of eight years and an estimated residual value of $14,000. Alpha has recorded depreciation of the equipment using the straight line method. On December 31, 2018, before making any annual adjusting entries, the equipment was exchanged for […]

 

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Leonard recorded gross pay of $250,000. This is subject to employee’s portion of social security and Medicare taxes of $16,750, unemployment taxes of $3,000, and federal tax withholdings of $46,000.

August 25, 2019 in /by

Leonard recorded gross pay of $250,000. This is subject to employee’s portion of social security and Medicare taxes of $16,750, unemployment taxes of $3,000, and federal tax withholdings of $46,000. How much is the total liability for this payroll?   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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Method to estimate inventory based on standing relationship of cost to sales price. 2. Used by merchants to estimate inventory.

August 25, 2019 in /by

1.Method to estimate inventory based on standing relationship of cost to sales price.2. Used by merchants to estimate inventory.  3.Selling price, minus completion and disposal costs. 4. Most recent costs remain in inventory. 5. Beginning Inventory + Purchases A.Retail method B.FIFO C.Goods Available D.Net realizable value E.Gross profit method   Looking for a Similar Assignment? Order now and […]

 

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Xenon Co. has a unit selling prices of $500, variable cost per unit $300, and fixed costs of $240,000. Compute the break even point in units and in sales dollars

August 25, 2019 in /by

Xenon Co. has a unit selling prices of $500, variable cost per unit $300, and fixed costs of $240,000. Compute the break even point in units and in sales dollars   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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