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ACCT 3531 Ron Unger Fall 2015 Form 4797 Make-Up Problem TMI Corporation sold the following three assets in 2014. Equipment purchased 8/1/10 for $85,000; accumulated depreciation $30,000. Sales price = $75,000. Building purchased 1/1/85 for $735,000; accumulated depreciation $525,000 (straight-line depreciation =$475,000); Sales price $1,025,000. Auto purchased 3/1/12 for $20,000; accumulated depreciation $8,000; Sales price […]

Clayborn Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on May 31, its Cash account shows a debit balance of $25,025. Clayborn’s May bank statement shows $22,200 on deposit in the bank. Determine the adjusted cash balance using the following

Myers Corporation has the following data related to direct materials costs for November: actual costs for 5,000 pounds of material, $4.50? And standard costs for 4,800 pounds of material at $5.10 per pound. What is the direct materials price variance?” “$3,000 favorable” “$3,000 unfavorable” “$2,880 favorable” “$2,880 unfavorable” Question 5 The standard costs and actual

Segmented income statement exercise Exercise 1 Friends Association is a consulting firm that specializes in information systems for construction and landscaping companies. The firm has two offices-one in Houston and one in Dallas. The firm classifies the direct costs of consulting jobs as variable costs. A Segmented income statement for the company’s most recent year

1) Quality balance sheet assessment of Southwest Airlines. Please include a review of the current assets and liabilities and appropriate liquidity ratios, the capital structure, and the fixed and intangible asset accounting of the company. Also, please touch on such as leases and contingent liabilities. Please also do a balance sheet assessment of a similar

Tax Agency Fund. The county collector of Suncoast County is responsible for collecting all property taxes levied by funds and governments within the boundaries of the county. To reimburse the county for estimated administrative expenses of operating the tax agency fund, the agency fund deducts 1.5 percent from the collections for the town, the school

“How Health Care Buyers Make Choices” Please respond to the following: Need 1 quote from a reputable source Recall a situation in which you sought health care of some type (not including care for an injury or illness). Determine if your situation followed the five steps of the buying decision model and what role marketing

“Strategy and Market Planning” Please respond to the following: I need one quote from a reputable source. Analyze the steps involved in building a strategic plan for a health care organization and determine which step is the most difficult to get execute correctly. Explain your rationale. Analyze the SWOT and FIVE Factors Analyses and determine

what term is used to describe a group of people who work together to achieve some specific purpose?

CASE 2 Roxbury Manufacturing Company is a privately owned business. Products manufactured by Roxbury had been doing very well until the year 2011. Last two years have seen a steady decline in sales and profit. If this declining trend continues, the company might come under financial distress. Income statements for the last two years are