Green Company reports depreciation expense of $53,000 for Year 2. Also, equipment costing $179,000 was sold for a $6,300 gain in Year 2. The following selected information is available for Green Company from its comparative balance sheet.
At December 31 Year 2 Year 1
Equipment $ 675,000 $ 854,000
Accumulated Depreciation-Equipment 480,000 565,000
Required:
1. Compute the cash received from the sale of the equipment.

Q3. loral corporation manufactures parts for an aircraft company. it uses a computerized numerical controlled (cnc) machining center to produce a specific part that has a design (nominal) target of 1.275 inches with tolerances of ± 0.020 inch. the cnc process that manufactures these parts has a mean of 1.285 inches and a standard deviation of 0.005 inch. compute the process capability ratio and process capability index, and comment on the overall capability of the process to meet the design specifications.