Problem 1 journalize the adjusting entry needed on december 31, 2017, the end of the current accounting period, for each of the following independent cases affecting hot sounds, a company that provides dj services. 1. purchased sound equipment last year for $50,000. the estimated useful life of the equipment is five years and estimated salvage value is zero. annual depreciation is $1

The dollar value generated over decades of customer loyalty to your company is known as brand equity. viability. sustainability. luck.

In each of the following cases, find the unknown variable. ignore taxes. (do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) accounting unit price unit variable cost fixed costs depreciation break-even 20,500 $ 44 $ 24 $ 275,000 $ 133,500 44 4,400,000 940,000 8,000 75 320,000 80,000

The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east west sales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 ) the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss)