Donna Steakhouse, a high-end restaurant, began its operations in 2018. Its fixed assets had a book value of $1,250,000 in 2019. The restaurant did not purchase any fixed assets in 2019. The annual depreciation expense on fixed assets was $125,000, and the accumulated depreciation account had a balance of $250,000 on December 31, 2019. What was the original cost of fixed assets owned by the restaurant in 2018 when it started its operations?

I need help with this general accounting question using standard accounting techniques.

Samantha Sullivan's monthly pay stub indicates that her monthly gross income is $5,800. However, $1,250 is withheld for income and Social Security taxes, $320 is withheld for her health and dental insurance, and another $350 is contributed to her retirement plan. How much is Samantha's disposable income?

What would the materials purchase price variance be?

Nexus Manufacturing uses a single raw material in its production process. The standard price for a unit of material is $1.95. During the month, the company purchased and used 680 units of this material at a price of $2.15 per unit. The standard quantity required per finished product is 2 units, and during the month, the company produced 320 finished units. How much was the material quantity variance? A. $45 favorable B. $50 unfavorable C. $63 favorable D. $78 unfavorable. Help

Please explain the correct approach for solving this general accounting question.

Bianca Industries has an accounts receivable turnover of 12 and annual credit sales of $3,600,000. What is the average collection period? A) 32.75 days B) 30.42 days C) 28.33 days D) 35.17 days

What must have been the total sales?

Please explain the correct approach for solving this financial accounting question.