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Problem - After-tax cash flows; profit or loss on disposal: manufacturer - In year 1, Expert Chemicals purchased a forklift truck for $300 ooo, and at the end of year 3 sold it for $55 530. At the time of sale, $235 0/0 in accumulated depreciation had been recorded. Note the accumulated depreciation is the same for accounting and tax purposes.
Required -
1 What was the forklift's carrying amount at the time of sale?
2. Calculate the profit or loss on the sale.
3. Determine the after tax cash flow from the sale of the forklift. The firm's tax rate is 40 per cent.
What is the total labor cost variance? A job was budgeted to require 5 hours of labor per unit at $10.00 per hour. The job consisted of 6,000 units
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An initial investment of $170,000, and is expected to yield annual cash flows of $60,000. What is the present value index of the project
Actual overhead costs for the year totaled $407,000, and actual direct labor costs totaled $1,890,000. At year-end, what is the Factory Overhead?
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nbspyour assignment requires you to provide a formal business reportnbspmax 1500 words to your bank manager regarding
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