INTERMEDIATE ACCOUNTING WPNG MULTI-S
INTERMEDIATE ACCOUNTING WPNG MULTI-S
17th Edition
ISBN: 2818440096518
Author: Kieso
Publisher: WILEY
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Flare Enterprises sells a product in a competitive marketplace. Market analysis indicates that its product would probably sell at $60 per unit. Flare management desires a 15% profit margin on sales. Their current full cost for the product is $52 per unit. In order to meet the new target cost, how much will the company have to cut costs per unit, if any? HELP
Wendell Transport purchased a new delivery van for $75,000. The van is expected to have a salvage value of $9,000 after 6 years or 120,000 kilometers of use. During the first and second years of operation, Wendell Transport drove the van 30,000 kilometers and 15,000 kilometers, respectively. What is the depreciation expense for the second year using the units-of-activity method? A. $8,250 B. $6,000 C. $7,500 D. $9,000 help
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