Financial Accounting Question

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Grouper Corporation purchased machinery on January 1, 2025, at a cost of $264,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $31,400. The company is considering different depreciation methods that could be used for financial reporting purposes. (a) Your answer is partially correct. Prepare separate depreciation schedules for the machinery using the straight-line method, and the declining-balance method using double the straight-line rate. STRAIGHT-LINE DEPRECIATION epreciation Rate 50 % do do % End of Year Annual Depreciation Expense Accumulated Depreciation Book Value +A 58150 $ +A % do do % 58150 58150 58150 +A $ 232600

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A company analyzing its break-even point for a product with a selling price of $85 per unit. The variable cost per unit is $53, and the fixed costs are $187,000 per year. If the company wants to achieve a profit of $76,000, how many units must it sell to meet this profit goal? (Round answer to nearest unit)

The supervisor at Grace Diner analyzed the weekly food waste report. According to restaurant standards, waste should not exceed 3.5% of weekly food cost. With total food costs of $9,250, actual waste recorded was $397. Management needs the variance from acceptable waste limit to be determined for staff evaluation. Helpy