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Alameda Service Center just purchased an automobile hoist for $14,160. The hoist has a 6-year life and an estimated salvage value of $1,125. Installation costs were $3,010, and freight charges were $800. Alameda uses straight-line depreciation.
The new hoist will be used to replace mufflers and tires on automobiles. Alameda estimates that the new hoist will enable his mechanics to replace 4 extra mufflers per week. Each muffler sells for $86 installed. The cost of a muffler is $24, and the labor cost to install a muffler is $11.
a) Compute the payback period for the new hoist in years.
b) Compute the annual rate of return for the new hoist in a percentage.
Rooney Inc. recently completed a 3-for-2 stock split. Prior to the split, its stock price was $90 per share. The firm's total market value was unchanged by the split.
Carl, an employee of a Miami CPA firm, was sent to work in Tampa for eight months on March 1, year 1, on a financial audit. His monthly transportation expenses were $400, his monthly lodging was $1,200, and his meals were $800 per month.
Net income for the year ended December 31,2008, was $6,000. Assuming an income tax rate of 50 percent what would be the company's diluted earnings per share for the year ended December 31, 2008?
What is the rate of return on common stockholders' equity if sales are $100,000, net income is $22,700, and average common stockholders' equity is $86,000?
blanchard company manufactures a single product that sells for 120 per unit and whose total variable costs are 90 per
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assuming that the company uses the perpetual inventory system determine the cost of merchandise sold for the sale of
You want to buy a new car 5 years from now for N$300 000. Assuming a 6% interest rate compounded annually, how much should you invest today to yield N$300,000 in 5 years?
The parent company's share of the fair value of the net assets of a subsidiary may exceed acquisition cost. How must this excess be treated in the preparation of the consolidated financial statements? What is the reasoning that supports this treat..
1.dougherty company employs 20 individuals. eight employees are paid 12 per hour and the rest are salaried employees
Clay mix costs $0.40 per pound and employees of the company are paid $12.00 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Lester has 2,600 pounds of clay mix in beginning inventory and wants to have 3,000 pou..
buckhorn corporation bases its predetermined overhead rate on the estimated machine hours for the upcoming year. data
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