Judds company purchased a new plant asset on april 1, 2014, at a cost of $711,000. it was estimated to have a service life of 20 years and a salvage value of $60,000. judds’ accounting period is the calendar year.

instructions

(a) compute the depreciation for this asset for 2014 and 2015 using the sum-of-the-years’-digits method.

(b) compute the depreciation for this asset for 2014 and 2015 using the double-declining-balance method.

Accublade castings inc. casts blades for turbine engines. within the casting department, alloy is first melted in a crucible, then poured into molds to produce the castings. on may 1, there were 230 pounds of alloy in process, which were 60% complete as to conversion. the work in process balance for these 230 pounds was $32,844, determined as follows: exercises during may, the casting department was charged $350,000 for 2,500 pounds of alloy and $19,840 for direct labor. factory overhead is applied to the department at a rate of 150% of direct labor. the department transferred out 2,530 pounds of finished castings to the machining department. the may 31 inventory in process was 44% complete as to conversion. prepare the following may journal entries for the casting department: the materials charged to production the conversion costs charged to production the completed production transferred to the machining department determine the work in process"casting department may 31 balance.

Match the vocabulary word to the correct definition. 1. compensation 2. corporate social responsibility 3. discrimination 4. benefits 5. biodegradable a. a business’s obligation to the community and the environment b. the ability to naturally break down or decompose c. treating someone differently because of his or her race, religion,gender, sexual orientation, or disabilities d. indirect and non-cash compensation paid to employees e. the salary and other benefits for doing a job

Asap describe three different expenses associated with restaurants. choose one of these expenses, and discuss how a manager could handle this expense.