On april 30, jemison engineering receives a special order for a swing set to be delivered to the customer in a month's time. jemison purchases a number of items specifically for the construction of the swing set: lumber, chains, railings and paint. according to the matching concept, when will jemison engineering record the cost of those special items as a cost of goods sold expense?

Computing depreciation, net book value, and gain or loss on asset sale lynch company owns and operates a delivery van that originally cost $46,400. lynch has recorded straight-line depreciation on the van for four years, calculated assuming a $5,000 expected salvage value at the end of its estimated six-year useful life. depreciation was last recorded at the end of the fourth year, at which time lynch disposes of this van. compute the net bookvalue of the van on the disposal date.

Experienced problem solvers always consider both the value and units of their answer to a problem. why?

Which of the following situations is most likely to change a buyer's market into a seller's market? a. a natural disaster that drives away a lot of the population. b. the price of building materials suddenly going up. c. the government buys up a lot of houses to build a new freeway. d. a factory laying off a lot of workers in the area.