28. On 7-1-18, The Foster Company bought a new piece of equipment. The Unit itself cost $100,000. The Sales Tax was $2,000, Freight has $1,500 and Platform and Installation cost are 6,500. The Machine was setup and placed into service on the day it was purchased. The Company also purchased spare parts for routine maintenance for $5,000 on the date of purchase. The equipment is expected to have an estimated useful life of 5 Years and a Salvage value of $10,000. Please compete the following: a. Calculate the amount that should be capitalized as an Asset for the Equipment Purchase b. Calculate the Depreciation schedule based on the Straight-line Method c. Assuming the Company decides to use the Straight-line Method, please book the depreciation adjusting entry as of 12-31-18

What is the best definition of a conclusion?

5. profit maximization and shutting down in the short run suppose that the market for polos is a competitive market. the following graph shows the daily cost curves of a firm operating in this market. 0 2 4 6 8 10 12 14 16 18 20 50 45 40 35 30 25 20 15 10 5 0 price (dollars per polo) quantity (thousands of polos) mc atc avc for each price in the following table, calculate the firm's optimal quantity of units to produce, and determine the profit or loss if it produces at that quantity, using the data from the previous graph to identify its total variable cost. assume that if the firm is indifferent between producing and shutting down, it will produce. (hint: you can select the purple points [diamond symbols] on the previous graph to see precise information on average variable cost.) price quantity total revenue fixed cost variable cost profit (dollars per polo) (polos) (dollars) (dollars) (dollars) (dollars) 12.50 135,000 27.50 135,000 45.00 135,000 if the firm shuts down, it must incur its fixed costs (fc) in the short run. in this case, the firm's fixed cost is $135,000 per day. in other words, if it shuts down, the firm would suffer losses of $135,000 per day until its fixed costs end (such as the expiration of a building lease). this firm's shutdown price—that is, the price below which it is optimal for the firm to shut down—is per polo.

Wallace company provides the following data for next year: month budgeted sales january $120,000 february 108,000 march 140,000 april 147,000 the gross profit rate is 35% of sales. inventory at the end of december is $29,600 and target ending inventory levels are 10% of next month's sales, stated at cost. what is the amount of purchases budgeted for january?