At the beginning of 2014, the Alston Corporation issued 10% bonds with a face value of $400,000….

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At the beginning of 2014, the Alston Corporation issued 10% bonds with a face value of $400,000. These bonds mature in five years, and interest is paid semiannually on June 30 and December 31. The bonds were sold for $370,560 to yield 12%. Alston uses a calendar-year reporting period. Using the effective-interest method of amortization, what amount of interest expense should be reported for 2014? (Round all computations to the nearest dollar.) $44,333. $44,467. $44,601. $45,888.

How much should you write off as depletion in the first year?

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A mining company acquired an iron ore deposit for $4,000,000. The company’s geologist estimated the deposit to contain 300,000 tons of iron ore. By the end of the first year, 12,000 tons of ore was extracted.

In the given scenario, will you calculate the depreciation value or the depletion value of the iron ore?

How much should you write off as depletion in the first year?

Many contractors work on custom jobs that require a job order costing system. Required Access the…

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Many contractors work on custom jobs that require a job order costing system.

Required

Access the Website AMSI.com and click on Construction Management Software, and then on starbuilder. Prepare a one-page memorandum for the CEO of a construction company providing information about the job order costing software this company offers. Would you recommend that the company purchase this software?

 

Question 1: The ABC Company estimates that its total cost to send out invoices, receive payments, de

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Question 1:

The ABC Company estimates that its total cost to send out invoices, receive payments, deposit payments, and update the accounting records was $7000per sales invoice in 2016 In 2016, there were 700,000 sales invoices and total fixed costs of $1,000,000 relating to these invoices

a) What was the total cost and total cost per invoice in 2017? in 2017, the company expects total fixed costs and variable costs per unit to remain the same as in 2016

b) If the company budgets 500,000 sales invoices in 2017, what will be the expected total cost and expected cost per unit for 2017?

(Round your answer to 2 decimal places)

Question 2:

A company estimates that its total cost to acquire materials, setup machines, and produce products is

$15000 per unit produced in 2016

In 2016, there we 100,000 units produced and variable cost per unit produced totaled $7500

In 2017, the company expects total fixed costes and variable costs per unit to be the same as in 2016

If the company budgets to produce 125,000 units in 2017, what are the expected total cost and expected cost per unit for 2017?

Question 3:

The ABC Company collected the following annual information on total net sales and total operating costs:

Year: 2015 Total Net Sales: $ 21,000 Total Operating Costs: $16,000

Year: 2016 Total Net Sales: $22,000 Total Operating Costs: $16,400

IN 2017, total net sales are budgeted to be

$ 24,000

Using the high-low method, estimate of total operating costs for 2017, assuming total

fixed costs as a percentage of total net sales are expected to be the same in 2017 as in 2015 and 2016

EXERCISE 3â??8 Highâ??Low Method; Predicting Cost [LO2]The number of blood tests performed and the r

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EXERCISE 3–8 High–Low Method; Predicting Cost [LO2]The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below:MonthBlood Tests PerformedBlood Test CostsJanuary . . . . . . . . . . . . . . . . . . . . . . .3,125$14,000February. . . . . . . . . . . . . . . . . . . . . . .3,500$14,500March . . . . . . . . . . . . . . . . . . . . . . . . .2,500$ 11,500April . . . . . . . . . . . . . . . . . . . . . . . . . . .2,125$10,000May . . . . . . . . . . . . . . . . . . . . . . . . . . .2,250$ 11,000June . . . . . . . . . . . . . . . . . . . . . . . . . .1,500$ 8,500July . . . . . . . . . . . . . . . . . . . . . . . . . . .1,550$ 8,400August. . . . . . . . . . . . . . . . . . . . . . . . .2,750$12,000September . . . . . . . . . . . . . . . . . . . .2,875$13,000Required:1. Using the high–low method, estimate the cost formula for blood tests.2. Using the cost formula you derived above, what blood test costs would you expect to be incurred during a month in which 2,300 blood tests are performed?

Give Professor Jack C. Robertson’s typical whitecollar criminal characteristics. 1 answer below »

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Give Professor Jack C. Robertson’s typical whitecollar criminal characteristics.

 

Please go to the Internet and obtain the ?nancial report for the most recent year available of the..

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Please go to the Internet and obtain the financial report for the most recent year available of the following two (a public and a private) universities:1. University of North Carolina at Chapel Hill2. Duke UniversityAnalyze the financial reporting differences between these two universities based on the following:a. Balance Sheet (the equity section)b. Statement of Activities and Statement of Revenues, Expenses, and Changes in Net Position. What are the major differences in the items reported on these two statements?c. Do both universities prepare a Statement of Cash Flows?View Solution:
Please go to the Internet and obtain the nancial report

What information is recorded on a job cost sheet? How do management and employees use job cost…

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What information is recorded on a job cost sheet? How do management and employees use job cost sheets?

What information is recorded on a job cost sheet How

Identify the four different categories of adjusting entries frequently required at the end of an…

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Identify the four different categories of adjusting entries frequently required at the end of an accounting period.

Farmer Corporation borrowed $290,000 on October 1, 2009. The note carried a 10 percent interest rate

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Farmer Corporation borrowed $290,000 on October 1, 2009. The note carried a 10 percent interest rate with the principal and interest payable on May 1, 2010. Prepare the journal entry to record the note on October 1. Prepare the adjusting entry to record accrued interest on December 31.View Solution:
Farmer Corporation borrowed 290 000 on October 1 2009 The not