Questions from General Accounting

Q: A company is considering investing in a new machine that requires a

A company is considering investing in a new machine that requires a cash payment of $47,947 today. The machine will generate annual cash flows of $21,000 for the next three years. What is the internal...

Q: What is the main factor for a company in choosing between the

What is the main factor for a company in choosing between the job order costing and process costing systems? Give two likely applications of each system.

Q: Should Apple use single product or multiproduct break-even analysis?

Should Apple use single product or multiproduct break-even analysis? Explain.

Q: Label each of the following statements as either true (“T”)

Label each of the following statements as either true (“T”) or false (“F”). ______ 1. Relevant costs are also known as unavoidable costs. ______ 2. Incremental costs are also known as differential cos...

Q: Project A requires a $280,000 initial investment for new

Project A requires a $280,000 initial investment for new machinery with a five-year life and a salvage value of $30,000. The company uses straight-line depreciation. Project A is expected to yield ann...

Q: Peng Company is considering an investment expected to generate an average net

Peng Company is considering an investment expected to generate an average net income after taxes of $1,950 for three years. The investment costs $45,000 and has an estimated $6,000 salvage value. Comp...

Q: Use the following information for Tide Corporation to determine the 2014 and

Use the following information for Tide Corporation to determine the 2014 and 2015 trend percents for net sales using 2014 as the base year.

Q: Refer to the information in QS 17-4. Use that

Refer to the information in QS 17-4. Use that information for Tide Corporation to determine the 2014 and 2015 common-size percents for cost of goods sold using net sales as the base. Data from QS 17-...

Q: Diez Company produces sporting equipment, including leather footballs. Identify each

Diez Company produces sporting equipment, including leather footballs. Identify each of the following costs as direct or indirect. The cost object is a football produced by Diez. ______ 1. Electricity...

Q: Identify each of the following costs as either direct materials, direct

Identify each of the following costs as either direct materials, direct labor, or factory overhead. The company manufactures tennis balls. ______ 1. Rubber used to form the cores ______ 2. Factory mai...