Perry Company is a manufacturing company that has worked on…

Perry Company is a manufacturing company that has worked on several production jobs during the first quarter of the year.  Below is a list of all the jobs for the quarter:     Balance Job No. 500 $ 750 Job No. 501 1,455 Job No. 502 655 Job No. 503 875 Job No. 504 550   Jobs 500, 502,503 and 504 were completed.  Jobs 500 and 502 were sold at a profit of $1,500 on each job.   What is the ending balance of Work in Process for Perry Company at the end of the first quarter?

The Tracker Company forecasts that total overhead for the cu…

The Tracker Company forecasts that total overhead for the current year will be $14,500,000 with 250,000 total machine hours. Year to date, the actual overhead is $16,000,000 and the actual machine hours are 330,000 hours. The predetermined overhead rate based on machine hours is

The Tracker Company forecasts that total overhead for the cu…

The Tracker Company forecasts that total overhead for the current year will be $14,500,000 with 250,000 total machine hours. Year to date, the actual overhead is $16,000,000 and the actual machine hours are 330,000 hours. As of this point in time (year to date), Tracker’s overhead is

On January 1, Marble Company obtained a $55,000, 4-year, 5%…

On January 1, Marble Company obtained a $55,000, 4-year, 5% installment note from Ameribank. The note requires annual payments consisting of principal and interest of $14,772, beginning on December 31 of the current year. The December 31, Year 1 carrying amount in the amortization table for this installment note will be equal to:

On January 15, 2014, Julliard Corp. purchased 150,000 shares…

On January 15, 2014, Julliard Corp. purchased 150,000 shares of Yale Inc. directly from one of the founders for a price of $30 per share. Yale has 600,000 shares outstanding, including the Julliard shares.  On July 5, 2014, Yale paid $350,000 in total dividends to its shareholders. On December 31, 2014, Yale reported a net income of $875,000 for the year. Julliard uses the equity method in accounting for its investment in Yale. what was the purchase price Julliard paid for Yale?