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Question - Reversing Rapids Co. purchases an asset for $136,930. This asset qualifies as a five-year recovery asset under MACRS. The five-year expense percentages for years 1, 2, 3, and 4 are 20.00%, 32.00%, 19.20%, and 11.52% respectively. Reversing Rapids has a tax rate of 30%. The asset is sold at the end of year 4 for $10,579, what is the cash flow from disposal?
Calculate gain or loss on disposal. Gain should be entered as a positive number. Loss should be entered as a negative number.
A company received a bill for newspaper advertising services, $400. The bill will be paid in 10 days. How would the transaction be recorded today?
Find out the Pay back period and Discounted Pay back Period Net Present Value of a project that needs an initial cash outlay of Rs.1,80,000
Several important assumptions underlie CVP analysis. Assumptions often help simplify and focus our analysis of sales and costs. A common application of CVP analysis is as a tool to forecast sales, costs, and income.
Journalize the sales transactions for Aim High Archery using the periodic inventory system. Aug.1Sold $7,100 of equipment on? account
The bonds make semi-annual (every six months) payments. What must be the dollar coupon amount every six-months for an ABC bond?
calculation of cost of goods sold.the balance in the finished goods inventory account on july 1 2007 was 34000 and the
Why is it important for a business to have a positive Free Cash Flow (CFO + CFI), not just a positive net change in cash (CFO + CFI + CFF)?
Post the journal entries to the T-accounts. (Hint: some new accounts must be opened. and Prepare all four financial statements for the year ended December 31, 2009.
For each of the above dates, determine the intrinsic value and the time value of the option. and If the price of diesel fuel remained below $2.16 per barrel through November, calculate the effect on earnings traceable to the hedge.
What will be the proportionate interest of Ms. TAN JERENE in the corporation assuming she will not exercise her pre-emptive right?
Jeans's Fitness Club provides monthly memberships as well as personal training sessions.The personal trainers earn? 50% of the revenue for all personal training
What was the variable cost per unit? Rennes Ltd provides a single standard services. The business result for the past two month
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