Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question in Accounting
1.Assume that abdel business corporation is purchasing new equipment, for 350,000$ at the beginning of 2014. Assume that abdel business corporation is in the 30% corporate tax bracket. This equipmentwill result in lower operating costs of 100,000$ for each of the next seven years. You anticipate that the equipment will be sold for its expected Salvage value of 80,000 at the end of 7 years. You may assume that all lower operating costs occur right at the end of each year. The company ususlly uses the macrs accelerated tables for tax depreciation purposes. Use 12% as the rate for valuing capital investment.
question: Create a time-line spreadsheet which will shot the present value of each element of this proposed purchase( purchase, operating cost savings, income tax effect of lower operating costs, income tax effect of depreciation, sale of asset, tax effect of sale of asset. then, calculate the net present value of this proposed purchase.
2. This is the same as#1 above, except you can assume that there is a 10% investment tax credit that congress has authorized for any purchase of equipment during 2014.
The following information was available for Bowyer Company at December 31, 2010: beginning inventory $90,000; ending inventory $70,000; cost of goods sold $660,000; and sales $900,000. Bowyer's inventory turnover ratio in 2010 was:
1.nbsp the current price of a bond is 114.72 and the current yield is 6.00. the modified duration of the bond is 7.02.
Use the appropriate information from the data provided below to calculate operating income for the year ended December 31,2011.
On that date, when the market price of Oliver was $14 per share, there were 180,000 shares of Gibbs outstanding. What NET reduction in retained earnings would result from this property dividend?
A company's predetermined overhead rate is $19.00 per direct labor hour and its direct labor wage rate is $16.00 per hour. Job A100 direct maerials cost is $280 and Direct Labor $240.
What is the carrying value of the bonds on June 30, 2009?
Write an article
What are controlling accounts and subsidiary ledgers? What is the relationship between them?
Strative costs would not be incurred. What is Salisbury's minimum price in order for them to accept the offer from the new customer (instead of Gilbert Company)?
The company is considering painting the gnomes. The following information is available regarding unpainted and painted gnomes:
Mr. Z has asked your advice concerning which option would be most advantageous to him from an after-tax point of view. Prepare a brief memorandum in which you explain which alternative you would recommend and why.
On 20 March, Batavia's petty cash fund of $100 is replenished when the fund contains $9 in cash and receipts for postage $51, freight-out $25, and travel expense $10. Prepare the journal entry to record the replenishment of the petty cash fund.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd