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Advanced Equipment leased equipment to Richards Chemical, Inc. on 9/30/11. Advanced purchased the machine from Makers, Inc. at a cost of $6M. The 5-yr lease agreement calls for Richards to make quarterly lease payments of $391,548, payable each 9/30, 12/31, 3/31, and 6/30, with the first payment at 9/30/11. Advanced's implicit interest rate is 12%:1. What pretax amounts would Richards report in its statement of cash flows for the year ended Dec. 31, 2011?2. What pretax amounts would Advanced report in its statement of cash flows for the year ended Dec. 31, 2011?3. Assume Makers manufactured the machine at a cost of $5M and that Richards leased the machine directly from Makers. What pretax amounts would Makers report in its statement of cash flows for the year ended Dec. 31, 2011?
Top Disc manufactures frisbees. The following information is available for 2013 , the company's first year in business when it produced 325,000 units. Revenue of $450,000 was generated by the sale of 180,000 frisbees.
a company purchases equipment for 225000 on july 12009 with an estimated useful life of 10 years and expected salvage
Each unit of a finished product contains 2 yards of cloth. However, there is unavoidable waste of 20%, calculated on input quantities, when the cloth is cut for assembly. The cost of the cloth is $3 per yard. The standard direct material cost for ..
4-5a hogan thrift shop payroll register for period ending december 18 20 marital statusno. of wh allow. deductions
What other factors should the owner consider before making the final decision to purchase the machine?
Prepare a summary cash budget for the year, showing any borrowing and repayment of debt with interest. Discuss Big Als ability to repay the expansion loan. Include a discussion of the feasibility of the project. Include qualitative factors to be c..
Connors Corporation acquired manufacturing equipment for use in its assembly line. Below are four independent situations relating to the acquisition of the equipment. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use a..
The City of Shipley maintains an Employee Retirement Fund; a single-employer, defined benefit plan that provides annuity and disability benefits.
Determine the amount of interest to be capitalized in 2010 in relation to the construction of the building.
Buffon Electronics Company issues a $1,000,000, 10%, 20-year mortgage note on January 1. The terms provide for semiannual installment payments, exclusive of real estate taxes and insurance, of $58,276. After the first installment payment, the prin..
Phil Keogan is considering a bid for the hotdog and softdrink concession at the 14 basketball games for the Cagayan Unigames. There will be seven college games and seven professional games.
bill and mary plan to marry in december of 2012. bills salary is 32000 and he owns a residence. his itemized deductions
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