Burrell Company purchased a machine for $49000 on January 2, 2016. The machine has an estimated service life of 5 years and a zero estimated residual value. The asset earns income before depreciation and income taxes of $24500 each year. The tax rate is 25%.

Required:

Compute the rate of return earned (on the average net asset value) by the company each year of the asset's life under the straight-line and the double-declining-balance depreciation methods. Assume that the machine is the company's only asset.

Straight-line method. Do not round intermediate calculations. Round final answer to two decimal places.

2016?

2017?

2018?

2019?

2020?

Double-declining-balance depreciation method. Do not round intermediate calculations. Round final answer to two decimal places.

2016?

2017?

2018?

2019?

2020?

Variable and Absorption Costing—Three Products Shoes R' Us, Inc. manufactures and sells three types of shoes. The income statements prepared under the absorption costing method for the three shoes are as follows: Shoes R' Us, Inc. Product Income Statements—Absorption Costing For the Year Ended December 31, 2016 Athletic Shoes Casual Shoes Work Shoes Revenues $405,200 $239,100 $198,500 Cost of goods sold 210,700 117,200 133,000 Gross profit $194,500 $121,900 $65,500 Selling and administrative expenses 167,300 87,800 109,400 Income from operations $27,200 $34,100 $-43,900 In addition, you have determined the following information with respect to allocated fixed costs: Athletic Shoes Casual Shoes Work Shoes Fixed costs: Cost of goods sold $64,800 $31,100 $27,800 Selling and administrative expenses 48,600 28,700 27,800 These fixed costs are used to support all three product lines. In addition, you have determined that the inventory is negligible. The management of the company has deemed the profit performance of the work shoe line as unacceptable. As a result, it has decided to eliminate the work shoe line. Management does not expect to be able to increase sales in the other two lines. However, as a result of eliminating the work shoe line, management expects the profits of the company to increase by $43,900.

a. Are management’s decision and conclusions correct? Management’s decision and conclusion are incorrect . The profit will not be improved because the fixed costs used in manufacturing and selling work shoes will not be avoided if the line is eliminated.

b. Prepare a variable costing income statement for the three products. If a net loss is incurred, enter that amount as a negative number using a minus sign. Enter all other amounts as positive numbers

.c. Use the report in (b) to determine the profit impact of eliminating the work shoe line, assuming no other changes. If the work shoe line were eliminated, then the contribution margin of the product line would be eliminated and the fixed costs would not be eliminated. Thus, the profit of the company would actually decline by $_ ?

Wisconsin and the University of Ghana are institutions that have groups or types of labour cost, using appropriate examples explain the cost associated with these labour and also explain the basis for which you classified the labour.

Describe the functions provided by a relational database that could be used to record courses taken by university students in order to manage scheduling and preparing transcripts.

Please respond with 200-250 words. Thanks

Create a scenario on University management system that provides services to students and professors alike. and prepare use case diagrams, sequence diagrams, activity diagram(s), and class diagrams for the system developing.

If optimal capacity of a university is 4000 students and the current students is 3500 students, implement the concept of economics to scale capacity strategy to determine the maximum number allowed to be accepted for the new academic year

Assuming you have been working with one of the Big4 as auditor for more than 7 years, Mr. Alex Chan is your close friend and he is the son of Mr. Derek Chan, the founder of Apple Ltd., a listed company with very successful track record. Derek and Alex are the chairman and vice chairman of the company respectively. As you are familiar with Alex and his family, you learn that most of the senior management are from the same family of the founder, the financial controller, is in charge of finance department with the assistance of his sister Miss Candy Lee, who was decided to immigrate to England next month. Mr. Alex Chan would like to invite you to replace her as an assistant financial controller helping his brother-in-law, Mr. Peter Lee. Will you accept the offer and justify your answer? (Hint: Identify FOUR features of a family controlled company which affect your decision)