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Below you will find a series of independent questions involving present value concepts. Show all factors used in present value computations and indicate the table that was used (FV of $1, PV of $1, etc). If you use a financial calculator, show the key strokes you used to compute the answer: N, i/y, PV, FV and PMT
1.) Sacks Corporation bought a new machine and agreed to pay for it in 5 equal installments of $40,000 at the end of each of the next 5 years. Assuming that the prevailing rate of 6% applies to this contract, how much should Sacks record as the cost of the machine?
b. Design amortization schedules showing the payments under the assumption:
1. Interest is included in the face amount of the note.2. The note is an interest bearing note.
c. Prepare the entry to record the purchase of the machine and the first payment under each of the 2 assumptions in b. This answer requires four entries!
On December 31, 2007, BradstormCompany had 1,500,000 shares of $10 par common stock issued and outstanding. Write out the journal entries for these transaction.
issued and outstanding 150000 shares of cs at dec. 31 2009. july 1 2010 issued an additional 25000 shares of cs for
at the close of its first year of operations december 31 2014 madeline company had accounts receivable of 1100000 after
pool companys variable expenses are 46 of sales. pool is contemplating an advertising campaign that will cost 21000. if
Monica and Thomas, ages 32 and 36, are married and file a joint return. In addition to having THREE dependent children (Lemisse, Cristine and James), Monica and Thomas have adjusted gross income ("AGI") of $90,000 and itemized deductions of $2..
the financial statements for nike inc. are available at the appendix b link above. the following additional information
Critically analyze and evaluate the arguments for, and against, for the case study. Which arguments do you consider to be more compelling
Howarth Manufacturing Company purchased a lathe on June 30, 2007, at a cost of $80,000. Prepare the journal entry to record the sale.
Determine ONeals cost of goods manufactured for the month ended January 31
The education expense was for a 2 week nighttime course in business management. Smith believes the expenditure should qualify as an ordinary and necessary business expense. What net income should Smith report from his business? Smith is on the cas..
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byklea corporation uses the weighted-average method in its process costing system. this month the beginning inventory
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