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Question - The management of Wallingford MicroBrew is considering the purchase of an automated bottling machine for $66,400. The machine would replace an old piece of equipment that costs $41,000 per year to operate. The new machine would cost $20,000 per year to operate. The old machine currently in use could be sold now for a scrap value of $10,000. The new machine would have a useful life of 8 years with no salvage value.
Required: Compute the simple rate of return on the new automated bottling machine. Use straight-line depreciation method.
your younger sister jennifer will start collegein fiveyears. she has just informed your parents that she wants to go
A hotel manager has set a rack rate for all rooms in the hotel of $149 for next year. Corporations, conventions, and conference groups were advised that early next year the rack rate charged could be reduced to a lower rate of $99, andthe potentia..
Why is it unnecessary to make entries in a business-type activities journal for any transaction(s) affecting proprietary funds
accola company uses activity-based costing. the company has two products a and b. the annual production and sales of
During the year H amilton reported net income of $75000, sold treasury stock at a "gain" of $27000, declared a cash divedend of $45000, and declared and issued a small stock divedend of 1500 shares ($10 par value) when the market value of the stoc..
A reference book lists the following maximum life spans (in years) for animals in captivity: Source: The World Almanac and Book of Facts 2009, p. 329.
Discuss ideas for a new business in your community. Explain what is the new business will you provide and why your community is need of such a business.
liquid extracts company produces a line of fruit extracts for home use in making wine jams and jellies pies and meat
Question - Prepare an income statement. Compute each missing amount. Prepare an income statement for Valimer Corporation
On January 1, 2014, Lock Corporation issued $1,800,000 face value, Prepare the journal entry to record the issuance of the bonds on January 1, 2014
On January 1, 2010, the Smith Company adopted a defined benefit pension plan. At that time, the company awarded retroactive benefits to its employees, resulting in a prior service cost that created a projected benefit obligation of $1,250,000 on that..
Determine if the contracts with the businesses will be governed by common law or the Uniform Commercial Code (UCC), and explain why.
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