Gusto Manufacturing changed its inventory costing method from last-in, first-out (LIFO) to first-in, first-out (FIFO). Assuming there is adequate justification for the change, Gusto would: (Points: 10)Report the change on its income statement as a component of income from continuing operations, before tax. Report the cumulative effect of the change on its income statement, net […]
Gunther earned a 62.5 percent return on a stock that he purchased one year ago. The stock is now worth $12, and he received a dividend of $1 during the year. How much did Gunther originally pay for the stock? Return on stock = 62.5%Let original purchase price be xStock is currently worth $ 12Dividend […]
Hadicke Company purchased a delivery truck for $45,000 on January 1, 2012. The truck was assigned an estimated useful life of 5 years and has a residual value of $10,000. Compute depreciation expense using the double-declining-balance method for the years 2012 and 2013. Value of TruckUseful lifeResidual value $45,000.005 years$10,000.00 Value of depreciation as per […]
need help with 12, 13, and 2. Trying to make sure I have the correct answer Had electedd . Was elected10 . It is required that hethe payment immediately .doSendb.SentC .Sendsd. Sended1 1 . He tried to remember that names of all the peoplenight .were there thatd .Whomb .ThatC .Whosed. Which12 . A synonym is […]
Hackney Company, which has only one product, has provided the following data concerning its most recent month of operations:$ 110048004700100Variable costs per unit:$3052variable manufacturing overhead $ 3$ 7Fixed costs:$ 72,000$ 9,400What is the net operating income for the month under variable costing?$4,700 $(5,300) $1,500 $3,200 “Looking for a Similar Assignment? Get Expert Help at […]
Hacker software has 6.2 percent coupon bonds on the market with 9 years to maturity. The bonds make semiannual payment and currently sell for 105% percent of par. What is the YTM? What is effective annual yield? Step-by-step solution1. Step 1 of 1The bond price equation for this bond is:P0 = $1,050 = $31(PVIFAR%, 18) […]
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H2S is a gas smelling of rotten eggs that is as toxic as hydrogen cyanide. It readily dissolves in water. Dissolved H2S is a weak acid whose first hydrogen ion is lost according to the following reaction: “Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!”
H2 O undergoes a cycle that is made up of four separate processes. The mass of the H2 O is 4 kg and each process is described below. Isobaric Process State 1 to State 2: State 1: = 2.8 bar, = 0.34 State 2: Saturated vapour Isometric Process State 2 to State 3 State 3: = […]
H2 is produced by the reaction of 118.5 mL of a 0.8775-M solution of H3PO4 according to the following equation: 2Cr+2H3PO4 ⟶ 3H2+2CrPO4. (a) Outline the steps necessary to determine the number of moles and mass of H2. (b) Perform the calculations outlined. “Looking for a Similar Assignment? Get Expert Help at an Amazing […]
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