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Anne, Inc., is considering the purchase of a machine that would cost $200,000 and would last for 8 years. At the end of 8 years, the machine would have a salvage value of $46,000. The machine would reduce labor and other costs by $31,000 per year. Additional working capital of $7,000 would be needed immediately. All of this working capital would be recovered at the end of the life of the machine. The company requires a minimum pretax return of 8% on all investment projects. What is the combined present value of the working capital needed at the beginning of the project and the working capital released at the end of the project?
After paying out $225,794 in dividends, the balance went into retained earnings. If the firm's total retained earnings were $846,972, what was the retained earnings on its balance sheet on July 1, 2010?
Portsche Snow Removal's cost formula for its vehicle operating cost is $2,310 per month plus $317 per snow-day. For the month of November, the company planned for activity of 18 snow-days, but the actual level of activity was 20 snow-days. The act..
acme lost millions of dollars more despite the fact that it was able to make furniture faster using the robots. why
why does a company that issues bonds between interest dates collect accrued interest from the bonds
charlie brown controller for the kelly corporation is preparing the companys income statement at year-end. he notes
comp. uses a job costing system. the following cost data are available from the books for the year ended 31st december
Calculate the book value of a two year old machine that cost $200,000, has an estimated residual value of $40,000, and has an estimated useful life of four years. The company uses straight line depreciation.
indicate in each case whether the item has been handled in accordance with generally accepted accounting principles
the general ledger account for accounts receivable shows a debit balance of 40000. the allowance for uncollectible
mozena corporation has collected the following information after its first year of sales. sales were 1800000 on 100000
Provide justification as to how far is this statement correct. Also state the needs for regulation in accounting and why free market for accounting information is not good.
billys hamburgers issued 5 10-year bonds payable at 90 on december 31 2012. at december 31 2014 billy reported the
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