On September 30, 2021, Athens Software began developing a software program to shield personal computers from malware and spyware. Technological feasibility was established on February 28, 2022, and the program was available for release on April 30, 2022. Development costs were incurred as follows: September 30 through December 31, 2021                                  $ 2,200,000January 1 through February 28, 2022                                                 800,000March 1 through April 30, 2022                                                         400,000 Athens expects a useful life of four years for the software and total revenues of $5,000,000 during that time. During 2022, revenue of $1,000,000 was recognized.Required:Prepare a journal entry in each year to record development costs for 2021 and 2022.

If a company undertakes a quality improvement program, it would spend an additional $370,000 on raw materials inspection and an additional $250,000 on finish goods inspection. This quality improvement program would save the company $410,000 in rework. What would be the cost or savings of undertaking this quality improvement program? OA. $1,030,000 in additional costs OB. $210,000 in additional costs OC. $210,000 in savings OD. $1,030,000 in savings

A company is intending to invest in a capital budgeting project to manufacture a medical testing device and has projected the following sales: Year 1                       Year 2                   Year 3                    Year 4                      Year 5 50,000                   66,400                   81,200                   68,500                   54,500 The installed cost of the new assets will be $18,500,000 which will be depreciated using the 7-year MACRS schedule. The assets will have a salvage value of $3,700,000. Initial NWC requirements are $1,500,000 and additional working capital needs are estimated to be 15% of the projected sales increases for the following year. Total fixed costs are $2,000,000 per year. The medical device has a selling price of $300 per unit and variable production costs are $175. The firm has a marginal tax rate of 35% and a required rate of return of 18%. Analyze this project and give your recommendation as to whether they should invest in it or…

Coronado Corporation began operations on December 1, 2019. The only inventory transaction in 2019 was the purchase of inventory on December 10, 2019, at a cost of $ 23 per unit. None of this inventory was sold in 2019. Relevant information is as follows. Ending inventory units December 31, 2019 165 December 31, 2020, by purchase date December 2,2020 165 July 20, 2020 50 215 During the year 2020, the following purchases and sales were made. Purchases Sales March 15 365 units at $28 April 10 265 July 20 365 units at 29 August 20 365 September 4 265 units at 32 November 18 215 December 2 165 units at 35 December 12 265 The company uses the periodicinventory method. (a1)