Business, 28.03.2020 01:20 jahsehsgold
Glick Company purchased oil rights on July 1, Year 1 for $2,400,000. A total of 200,000 barrels of oil are expected to be extracted over the assets life, and 30,000 barrels are extracted and sold in Year 1. Which of the following correctly summarizes the effect of the Year 1 depletion expense on the elements of the financial statements?
A. A decrease in assets of $300,000B. A decrease in assets of $360,000C. A decrease in stockholders' equity of $200,000D. An increase in stockholders' equity of $400,000
Answers: 1
Business, 22.06.2019 16:50
The cost of labor is significantly lower in many countries than in the united states. if you move manufacturing to a facility to a country labeled as part of the axis of evil and a threat to world peace you will increase the net income of your client by $10 million per the facility is located in a country which limits personal freedom and engages in state sponsored terrorism. imagine you are a marketing consultant. (a) what would you tell the executives to do? (b) what are the alternatives? what are your recommendations? why do you recommend this course of action?
Answers: 1
Business, 22.06.2019 19:10
Robin hood has hired you as his new strategic consultant to him successfully transform his social change enterprise. robin has told you that he counting on your strategic management knowledge to him and his merrymen achieve their goals. discuss in detail what you think should be robinโs two primary strategic goals and continue by also explaining your analytical reasons that support your recommendations.
Answers: 3
Business, 22.06.2019 19:40
Moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job 400 was started and completed. the following information was available with respect to this job: direct materials $ 450 direct labor cost $ 210 machine-hours used 40
Answers: 3
Business, 22.06.2019 20:20
Garcia industries has sales of $200,000 and accounts receivable of $18,500, and it gives its customers 25 days to pay. the industry average dso is 27 days, based on a 365-day year. if the company changes its credit and collection policy sufficiently to cause its dso to fall to the industry average, and if it earns 8.0% on any cash freed-up by this change, how would that affect its net income, assuming other things are held constant? a. $241.45b. $254.16c. $267.54d. $281.62e. $296.44
Answers: 2
Glick Company purchased oil rights on July 1, Year 1 for $2,400,000. A total of 200,000 barrels of o...
Mathematics, 05.05.2020 21:36
Mathematics, 05.05.2020 21:36
Mathematics, 05.05.2020 21:36
Mathematics, 05.05.2020 21:36
Mathematics, 05.05.2020 21:36
Spanish, 05.05.2020 21:36
Mathematics, 05.05.2020 21:36
Mathematics, 05.05.2020 21:36
Mathematics, 05.05.2020 21:36
Spanish, 05.05.2020 21:36
Mathematics, 05.05.2020 21:36
History, 05.05.2020 21:36
Mathematics, 05.05.2020 21:36