On january 3, 2009, acme corp. owned a machine that had cost $300,000. the accumulated depreciation was $180,000, estimated salvage value was $18,000, and fair market value was $480,000. on january 4, 2009, this machine was irreparably damaged by reed corp. and became worthless. in october 2009, a court awarded damages of $480,000 against reed in favor of acme. at december 31, 2009, the final outcome of this case was awaiting appeal and was, therefore, uncertain. however, in the opinion of acme's attorney, reed's appeal will be denied. as of december 31, 2009, do we have a loss contingency, a gain contingency, or both? how should this be accounted for in the financial statements? be sure to use the requirements of codification section 450 (fasb 5) to explain your answer.

crow design, inc. is a web site design and consulting firm. the firm uses a job order costing system in which each client is a different job. crow design assigns direct labor, licensing costs, and travel costs directly to each job. it allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. direct labor hours (professional) 6,250 hours direct labor costs ($1,800,000 support staff salaries ,000 computer ,000 office ,000 office ,000 in november 2012, crow design served several clients. records for two clients appear here: delicious treats mesilla chocolates direct labor 700 hours 100 hours software licensing $ 4,000 $400 travel costs 8,000 1. compute crow design’s direct labor rate and its predetermined indirect cost allocation rate for 2012. 2. compute the total cost of each job. 3. if simone wants to earn profits equal to 50% of service revenue, how much (what fee) should she charge each of these two clients? 4. why does crow design assign costs to jobs?

What historical context does wiesel convey using the allusion of a fiery sky? he compares the sky to hell. the fires from air raids during world war ii the cremation of jews in the concentration camps the outbreak of forest fires from bombs in world war ii

Last year ann arbor corp had $155,000 of assets, $305,000 of sales, $20,000 of net income, and a debt-to-total-assets ratio of 37.5%. the new cfo believes a new computer program will enable it to reduce costs and thus raise net income to $33,000. assets, sales, and the debt ratio would not be affected. by how much would the cost reduction improve the roe? a. 11.51%b. 12.11%c. 12.75%d. 13.42%e. 14.09%