Depreciation Schedules & Disposals Madrigal Corporation acquired a new vehicle for $82,000. The asset has a 5 year expected useful life and a residual value of $7,000. Prepare depreciation schedules for all five years under both the straight-line and double-declining balance methods.

Straight Line Method

Double- Declining Balance Method

Calculate the gain or loss if the company uses the straight-line method and sells the asset for $47,000 at the beginning of year 3, and record the entry. (HINT: Use NBV at the end of Year 2!)

Calculate the gain or loss if the company uses the double-declining-balance method and sells the asset for $47,000 at the beginning of year 3 and record the entry. (HINT: Use NBV at the end of Year 2!)

1. You're processing data to be uploaded into a database. In what stage of data preprocessing would you deal with fields where there is no data, or data is missing? A.Data Consolidation B.Data Cleaning C. Data Transformation D. Data Reduction

2. You're company, Outdoor Excursions just acquired another local tour company, Excursions Inc. and you've been tasked with merging Excursions Inc's database with yours. During datapreprocessing, you encounter inconsistencies in the "marital status" column. Some values indicate "married", "single", or "widowed", others are represented by their first letters "m", "s", and "w", and others are left blank. What are some ways you could deal with that data? Select all that apply. Delete the column Recode the existing values Do Nothing Fill in missing values All of the above

3. Explain the term "model fitting". Why is it important in data mining and machine learning?

Laker Company reported the following January purchases and sales data for its only product. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 240 units @ $ 16.50 = $ 3,960 Jan. 10 Sales 190 units @ $ 25.50 Jan. 20 Purchase 170 units @ $ 15.50 = 2,635 Jan. 25 Sales 190 units @ $ 25.50 Jan. 30 Purchase 380 units @ $ 15.00 = 5,700 Totals 790 units $ 12,295 380 units rev: 09_15_2017_QC_CS-99723 Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 410 units, where 380 are from the January 30 purchase, 5 are from the January 20 purchase, and 25 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d) LIFO.

P3-24   Parent Company and Consolidated Balances

Exacto Company reported the following net income and dividends for the years indicated:

year     net income       dividends

20X5    $35000           $12,000

20X6    45,000             20,000

20X7    30,000             14,000

True Corporation acquired 75 percent of Exacto’s common stock on January 1, 20X5. On that date, the fair value of Exacto’s net assets was equal to the book value. True uses the equity method in accounting for its ownership in Exacto and reported a balance of $259,800 in its investment account on December 31, 20X7.

Required

a. What amount did True pay when it purchased Exacto’s shares?

b. What was the fair value of Exacto’s net assets on January 1, 20X5?

c. What amount was assigned to the NCI shareholders on January 1, 20X5?

d. What amount will be assigned to the NCI shareholders in the consolidated balance sheet prepared at December 31, 20X7?

USE:    Www.AdvancedStudyGuide.com

The Lesseig Company has an opportunity to invest in one of two mutually exclusive machines that will produce a product the company will need for the next eight years. Machine A costs $9.9 million but will provide after-tax inflows of $4.2 million per year for 4 years. If Machine A were replaced, its cost would be $11.6 million due to inflation and its cash inflows would increase to $4.4 million due to production efficiencies. Machine B costs $13.4 million and will provide after-tax inflows of $3.5 million per year for 8 years. If the WACC is 5%, which machine should be acquired? Explain. Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. Do not round intermediate calculations. Round your answers to two decimal places.

Machine B is the better project and will increase the company's value by $_________ millions, rather than the $______millions created by Machine A

SWOT (strengths, weaknesses, opportunities, and threats) analysis is a framework used to evaluate a company's competitive position and to develop strategic planning. SWOT analysis assesses internal and external factors, as well as current and future potential.

Kit Kat is a chocolate-covered wafer bar confection created by Rowntree's of York, United Kingdom, and is now produced globally by Nestlé, which acquired Rowntree in 1988, with the exception of the United States, where it is made under license by H. B. Reese Candy Company, a division of The Hershey Company. The standard bars consist of two or four pieces composed of three layers of wafer, separated and covered by an outer layer of chocolate. Each finger can be snapped from the bar separately. There are many different flavours of Kit Kat, including milk, white, and dark chocolate.

Q: Discuss how a SWOT analysis can help inform strategic marketing decision making for KitKat.

The Lesseig Company has an opportunity to invest in one of two mutually exclusive machines that will produce a product the company will need for the next eight years. Machine A costs $8.5 million but will provide after-tax inflows of $4.8 million per year for 4 years. If Machine A were replaced, its cost would be $10.5 million due to inflation and its cash inflows would increase to $4.9 million due to production efficiencies. Machine B costs $14.9 million and will provide after-tax inflows of $4.2 million per year for 8 years. If the WACC is 12%, which machine should be acquired? Explain. Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. Do not round intermediate calculations. Round your answers to two decimal places.

Machine (A) OR (B)  is the better project and will increase the company's value by $_____ millions, rather than the $____ millions created by Machine (A) OR (B)

Continual prospecting is primarily important to:

A bonus is a type of incentive given to the sales force that is most likely to result in a potential performance outcome of:

Which of the following is true of sales quotas?

The second step in the prospecting process of customers involves _____.

Problem 24-01A a-c (Part Level Submission) (Video)

Cook Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for Snare for the first 2 quarters of 2020.

Your assistant has prepared two budgets: (1) the manufacturing overhead budget shows expected costs to be 125% of direct labor cost, and (2) the direct materials budget for Tarr shows the cost of Tarr purchases to be $301,000 in quarter 1 and $425,500 in quarter 2.

Prepare the direct materials budget. (Round Cost per pound answers to 2 decimal places, e.g. 52.70.)

Prepare the direct labor budget. (Enter Direct labor time per unit in proportion to hours, e.g. for 45 minutes the proportion will be 0.75.)

Prepare the selling and administrative expense budget.