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Juli2301 [7.4K]
3 years ago
8

At December 31, 20X3, before recognizing any depreciation expense for 20X3, X Company has a machine with an original cost of $36

0,000 and accumulated depreciation of $90,000. The machine is used to manufacture a specific product and, at December 31, 20X3, has a remaining useful life of 7 years with no salvage value. The machine was used to produce 10,000 units in the current year, 20,000 units in previous years, and is expected to be used to produce an additional 50,000 units over its remaining life. If X Company uses the units of production method for calculating depreciation, depreciation expense in 20X3 will be (rounded):
Business
1 answer:
shutvik [7]3 years ago
7 0

Answer:

If X Company uses the units of production method for calculating depreciation, depreciation expense in 20X3 will be (rounded):

$45000

Explanation:

Cost                360000  

Accum. Depre 90000  

Usefull life         7  

   

Produce 1 20000  

Produce 2 10000  

Produce 3 50000  

                80000  

   

Deprec=cost/unit    

   

Depre=360000/80000    

Depre= 4,5  

   

Produce 2012  20000 4,5 90000

Produce 2013  10000 4,5 45000

Produce rest   50000 4,5 225000

             80000 4,5 360000

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anyanavicka [17]

Answer and Explanation:

a. The estimation of the contribution margin for each segment is shown below:

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<u>Particulars            Investor Advisor             Services Services   </u>

Income from

operations              $1,681                                  $1,660

Add:

Depreciation           $171                                     $154

Contribution

Margin                    $1,852                                  $1,814

2. Now the estimation of decline in operating income is

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<u>Particulars         Combined services          Institutional Services   </u>

Revenues          $9,368                                $4,771

Less:

Variable cost    $5,702                                 $2,919

                    ($2,919 + $2,783)

Contribution

margin               $3,666                                 $1,852

Less:

Fixed cost         -$325                                    -$171

Net income        $3,341                                  $1,681

So according to the above calculations, the net operating income is declined by

= $3,341 - $1,681

= $1,660 million

The variable cost is come from

= Service revenues - income from operations - depreciation expense

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Answer:

a. What is the pretax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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b. What is the aftertax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

  • 5.04%

Explanation:

we must first determine the bond's yield to maturity:

YTM = {coupon + [(face value - market value)/n]} / [(face value + market value)/2] = {30 + [(1,000 - 930)/60]} / [(1,000 + 930)/2] = 31.17 / 965 = 3.23% x 2 = 6.46%

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6 0
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A corporation issued 100 shares of its $5 par value common stock in payment of a $1,800 charge from its accountant for assistanc
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Answer:

A $1,300 Credit to Paid in Capital in excess of par Common stock.

Explanation:

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Common Stock=100*$5

Common Stock=$500.

First we will prepare journal Entry:

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Organization Expense              $1,800

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Paid in Capital in excess                                                  $1,300

of par Common stock.

So Correct option is:

A $1,300 Credit to Paid in Capital in excess of par Common stock.

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Which of the following is not one of the key characteristics required in order for money to be an acceptable medium of exchange?
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Answer:

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