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A foreman in a multi-year building construction project wants to evaluate whether to rebuild and repair five existing assets or replace them with four new assets that are more productive and capable of providing the same service as the current five machines. The four new assets can be acquired at time zero for a total cost of $240,000. The total maintenance, insurance and operating costs for the new equipment is $20,000 at year zero (now), $40,000 at year one, $50,000 at year 2 and $30,000 at year 3. The anticipated salvage for these assets after three years is $100,000. The alternative is to repair the existing machines for total cost of $50,000 at time zero (now). However this approach will realize much higher operating costs over the next three years. In addition to the repair cost, the total operating costs for the repaired assets is estimated at $20,000 at time zero but that escalates to $140,000 in each of years one and two and $70,000 in year three. The salvage for the existing assets after three years of service is anticipated to be zero. The used machines have no salvage value today in the market place due to their current condition. The desired minimum acceptable rate of return on invested capital is 15.0%. Which alternative is economically preferred.
Discuss the effect of any information presented in the case on the adequacy of the audit.
The actual manufacturing overhead cost incurred was $54,000. The manufacturing overhead cost applied to Work in Process was $58,000. The cost of goods manufactured for September was?
The truck was assigned an estimated useful life of 100,000 miles and has a residual value of $10,000. The truck was driven 18,000 miles in 2008 and 22,000 miles in 2009. Compute depreciation expense using the units-of-activity method for the years..
Determine for each plan the earnings per share of commonstock, assuming that the income before bond interest and income taxis 20,000.
This year Larry received the first payment from an annuity that promises to pay him $3,000 per month for the rest of his life. The IRS tables indicate that given Larry's age, he should expect to receive 310 monthly payments.
Indicate increase (+), decrease (-), or no effect (NE). Make sure your answer is CLEAR in terms of all items below (1-13) and that you make an entry for EACH column (Net Income, Cash From Operations, and Cash Position).
On September 1, 2010, the Baker Company received $44,940 from 4-Most Finance Company. To pay off this loan, the Baker Company will have to pay 4-Most $10,000 each year for 10 years. The first payment is due September 1, 2011. Which interest rate comp..
Protecting the security and integrity of accounting data is part of the controller's responsibility. Because of the integration with the computer system.
Which of the following is not one of the four conditions that normally must be met for revenue to be recognized according tothe revenue principle for accrual basis accounting?
On January 1, 2014, Norma Smith and Grant Wood formed a computer sales and service company in Soapsville, Arkansas, by investing $90,000 cash. The new company, Arkansas Sales and Service, has the following transactions during January.
Finco is a wholly owned Finnish manufacturing subsidiary of Winco, a domestic corporation that manufactures and markets residential window products throughout the world.
Mouns Company owns 30% interest in the stock of Darian Corporation. During the year, Darian pays $20,000 in dividends to Mouns, and reports $100,000 in net income. Mouns Company's investment in Darian will increase Mouns' net income by?
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