What is the question here? also immigrants take less pay and pay no taxes so that doesn't help the situation especially when they send it home out of the US to be exchanged for much more in their country. something sounds fishy....but we also have opportunities in the US to have a career or real job if you call it that. a job is a job and a career is something you work hard to do by getting a degree or years of experience that the person can grow within the company as well. unlike a "job" where you can only go so high up the food chain.
Answer: The depreciation expense that will be recorded for the furniture for the first year ended December 31 is $825.
Explanation: Straight-line mwthod of depreciation is:
(Acquisition value minus salvage value) / No of years
Per the question, the acquistion value of the new furniture is $19,000 while the salvage value is $2,500. The number of years is 5 years.
Then yearly depreciation would be <u>($19,000 - $2,500) / 5 years = $3,300</u>.
Note that the furniture was purchased on September 30. To arrive at the depreciation expense that will be recorded as at December 31, you need to pro rate the yearly depreciation of $3,300.
September 30 to Decemer 31 is 3 months. <u>So the total depreciation expense will be $3,300 * 3 / 12 = $825.</u>
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Answer:
The minimum price which the company should not go below is $26.00
Explanation:
The minimum price which the company should not go below is the price which covers all cost of manufacturing and non-manufacturing to meeting the special, one-time-only order.
Thus we need to calculate the per unit cost of the special order.
<u>Unit cost of the special order</u>
Direct materials $ 13.00
Direct labor $ 7.00
Variable manufacturing overhead $ 6.00
Total Cost $26.00
Note
All fixed cost are<em> irrelevant</em> in this calculation as the cost would be incurred whether or not the special order is accepted.
Also the question specifically mentioned that "There would be no variable selling expense on this special order" We need not to include any variable selling expense
A You charge a family less than your normal rate for mowing its lawn because the father is out of work.
Answer:
Cost of preferred stock will be 5.78 %
Explanation:
We have given par value = $100
Dividend rate = 5.5 %
So annual dividend 
We know that cost of preferred stock is given by 
Current price is given as $95.02
So cost of preferred stock will be = 
%
