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Jones Digital just purchased a soldering machine to be used in assembly of circuit boards. This machine costs $270,000. Because of the specialized function it performs, its useful life is expected to be six years. At the end of its useful life, its salvage value is estimated to be $61,000. What is the capital cost for this investment if the firm's interest rate is 15%?
On October 31, a company's Cash account had a normal balance of $7,000. During October, the account was debited for a total of $4,250 and credited for a total of $5,340. What was the balance in the Cash account at the beginning of October?
In the year an 80% owned subsidiary sells equipment to its parent company at a gain, the noncontrolling interest in consolidated income is calculated by multiplying the noncontrolling interest percentage by the subsidiary's reported net income:
A firm lends $10,000 for 5-years with no stated interest rate. The market rate of interest at the time would have been 5%. What is the journal entry that should be made a. at the time the money is loaned and b. at the end of the first year of the ..
The present value of the minimum lease payments is $3,960,000. The lease is appropriately classified as a sales-type lease. Assuming the interest rate for this lease is 10%, how much interest revenue will Princess record in 2012 on this lease?
enviro company issues 8 10-year bonds with a par value of 250000 and semiannual interest payments. on the issue date
on january 1 2014 crystal corporation issued a 100000 10-year bonds at 11. interest is paid annually on december 31.
select an organization with which you are familiar. prepare a 1050- to 1400-word paper in which you evaluate the
A business is considering a cash outlay of $500,000 for the purchase of land, which it could lease for $40,000 per year. If alternative investments are available which yield a 21% return, the opportunity cost of the purchase of the land is:
What does it mean to critically evaluate an economic event or resource in the context of an accounting standard and what is actually being evaluated and how?
General Motors Corp. is the world's largest automaker and has led the auto industry worldwide in sales since 1938. GM employs over 324,000 people worldwide, with manufacturing operations in 32 countries and sales operations in 200 countries.
What is the underlying rationale for Alimony Rules:
The company has three activity cost pools and applies overhead using predetermined overhead rates for each activity cost pool. Estimated costs and activities for the current year are presented below for the three activity cost pools:
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