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Question 1: Optimistic Company is evaluating the purchase of a new machine that costs $700,000, will have a CCA rate of 25%, an estimated useful life of 10 years and a $30,000 terminal disposal price. This piece of equipment would need a major overhaul at the end of 7 years that is expected to cost $40,000. Also, if this machine is purchased there will be a required increase in working capital of $60,000. This entire amount will be released at the end of the machine's useful life. The company's marginal tax rate is 34%. It is estimated that the machine will increase before tax profits by $225,000 annually. Optimistic Company requires a 18% after tax rate of return. Based on the above information, calculate the net present value of this option.
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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