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Jaden Barnett
BusinessBusiness
Strawberry Fields purchased a tractor at a cost of $37,000 and sold it two years later for $24,500. Strawberry Fields recorded depreciation using the straight-line method, a five-year service life, and an $8,000 residual value 1. What was the gain or loss on the sale?
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Clarissa Proctor
BusinessBusiness
Shanghai Company sells glasses, fine china, and everyday dinnerware. They use activity-based costing to determine the cost of the shipping and handling activity. The shipping and handling activity has an activity rate of $14 per pound. A box of glasses weighs 2 lbs, the box of china weighs 4 lbs, and a box of everyday dinnerware weighs 6 lbs. Round answers to the nearest whole dollar. a. Determine the shipping and handling activity for each product. Glasses $ China $ Everyday dinnerware $ b. Determine the total shipping and receiving costs for the china if 3,500 boxes are shipped. $
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Jazmin Huang
BusinessBusiness
On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7,804. Cash receipts yet to be deposited into the checking account total $3,198, and checks written by the academy but not yet processed by the bank total $1,285. The company's balance of cash does not reflect a bank service fee of $21 and interest earned on the checking account of $32. These amounts are included in the balance of cash of $5,902 reported by the bank as of the end of August.

Required:

1. Prepare a bank reconciliation to calculate the correct ending balance of cash on August 31, 2021.

2. Record the necessary entry (ies) to adjust the balance for cash.

Record the entries that increase cash.

Record the entries that decrease cash.
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Jeramiah Bradley
BusinessBusiness
According to the contract, should any fixture or service fail between the date of contract and the date for closing or possession, whichever is earlier, the seller is obligated to
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Dexter Lynn
BusinessBusiness
The following labor standards have been established for a particular product:Standard labor hours per unit of output 4.3 hoursStandard labor rate $ 20.10 per hourThe following data pertain to operations concerning the product for the last month:Actual hours worked 6,900 hoursActual total labor cost $ 139,380Actual output 1,500 unitsRequired:a. What is the labor rate variance for the month? b. What is the labor efficiency variance for the month?
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Cash Joseph
BusinessBusiness
Which of the following correctly defines a spreadsheet?
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Armani
BusinessBusiness
On January 1, 2017, Eagle borrows $17,000 cash by signing a four-year, 6% installment note. The note requires four equal payments of $4,906, consisting of accrued interest and principal on December 31 of each year from 2017 through 2020. (Round your intermediate calculations and final answers to the nearest dollar amount.)
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Ansley Weaver
BusinessBusiness
Spin, a small, upscale bicycle manufacturer in southern Oregon, employs three owner/entrepreneurs, five production craftsmen, four distribution technicians and Guy Gaylord as Director of Sales & Marketing. It could be said that Gaylord's Marketing Department has the primary responsibility to generate brand perceptions. T/F
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Carson Ellison
BusinessBusiness
Predatory pricing occurs when (ever):

A. Apple introduces new and really expensive products and truly loyal Apple customers will do almost anything and pay any amount to get the "new stuff" first.

B. Firms charge different prices to different customers even when no differences exist in the costs of marketing to those customers.

C. Two or more firms collude and agree to not compete on the basis of price.

D. Firms engage in "dumping" practices, particularly when foreign firms market to US customers.

E. Each statement actually is true
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Gabriel Jones
BusinessBusiness
Imagine that your boss is someone whom you and your coworkers have very little respect for, but you and others continue to do what s/he asks because s/he has control over allocating year-end bonuses, promotions, etc. Presuming that your boss is aware of this-i. e., s/he feels disrespected but is aware of his/her formal position-how is your boss likely to respond/behave?

A. Minimize contact with his/her peers

B. Behave in an authoritarian way

C. Spend a lot of time politicking

D. Place excessive restrictions on employees

E. Hold back talented employees

F. Focus on promoting conflict
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Brice
BusinessBusiness
Which facility has enabled rural hospitals to have increased access to specialist consultations?
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Devon Cummings
BusinessBusiness
El Toro Corporation declared a common stock distribution to all shareholders of record on June 30, 20X3. Shareholders will receive one share of El Toro stock for each two shares of stock they already own. Raoul owns 310 shares of El Toro stock, with a tax basis of $60 per share. The fair market value of the El Toro stock was $100 per share on June 30, 20X3. What are the tax consequences of the stock distribution to Raoul
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Humberto
BusinessBusiness
When auto manufacturer BMW purchased the RollsminusRoyce brand name, BMW had to hire and train a new staff of assembly workers. The new workers were paid $ 23.00 per hour, worked a total of 7 comma 000 hours, and produced 1 comma 600 cars. BMW budgeted for a standard labor rate of $ 28.00 per hour and 3.25 direct labor hours per car. What is the direct labor efficiency variance for the RollsminusRoyce division? A. $ 50 comma 400 favorable B. $ 50 comma 400 unfavorable C. $ 41 comma 400 unfavorable D. $ 41 comma 400 favorable Click to select your answer.
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Hunter Kelly
BusinessBusiness
Wickland company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $108,000. the machine's useful life is estimated to be 4 years, or 140,000 units of product, with a $2,000 salvage value. during its second year, the machine produces 28,000 units of product. determine the machines' second year depreciation under the straight-line method.
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Sunny
BusinessBusiness
Rob's wife, Marie, has a wage income of $250,000. They jointly sold stocks in 2019 and generated a long-term capital gain of $13,000. Rob and Marie have no dependents and in 2019, they take the standard deduction of $24,400. The income threshold for QBI limitations starts at $315,000 for married filing jointly taxpayers.

a. What is Rob and Marie's taxable income before the QBI deduction?

b. What is Rob and Marie's QBI?

What is Rob and Marie's QBI deduction?
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