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Hillary Company purchased a new machine on September 1, 2007, ata cost of $96,000. The company estimated that the machine has asalvage value of $6,000. The machine is expected to be used for 70,000 working hours during its 8-year life.
Compute depreciation using the following methods in the year indicated.
Declining-balance using double the straight-line rate for 2007 and 2008.
Units-of-activity for 2007, assuming machine usage was 2,900 hours.
What is the company's weighted average cost of capital if retained earnings are used to fund the common equity portion?
To determine whether accounts payable are complete, an auditor performs a test to verify that all merchandise received has been recorded. The population for this test consists of all:
Prepare the journal entry to record Autumn Company's issuance of 63,000 share of no-par value common stock assuming the shares;
Sara is a single tax payer with taxable income of$52,000. If the tax tables had 10% tax on the first $8,000 oftaxable income, 15% on income above $8,000 but less than 34,000,and 25% on income over $34,000 What is Sara's average tax rate?
On September 1, Howe Office Supply had an inventory of 30 pocket calculators at a cost of $18 each. The company uses a perpetual inventory system. During September, the following transactions occurred.
For the following four cases, use the expanded accounting equation to compute the missing quantity.
In 2012 Sweetwater's excess net passive income is $42,000. Sweetwater holds $31,000 of accumulated earnings and profits from a C corporation year.
Establish a pricing structure for radiology on a per-procedure basis. Present budgetary data is presented below:
Salter Inc.'s unit selling price is $50, the unit variable costs are $35, fixed costs are $125,000, and current sales are 10,000 units. How much will operating income change if sales increase by 5,000 units?
on April 1, 2010, a company disposed of equipment for $14,200 cash that had cost $35,000 on January 1, 2006. The equipment had a salvage value of $5,000, and a useful life 10 years.
Provide a sector/industry analysis and narrative to start a health food cafe that serves whole food and organic food. Please also include sources.
How do you think we can improve the process by which a computer randomly generates numbers and letters? Explain. Why is random seeding so important, and provide an example of how this is used every day?
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