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Question - Donata Company purchased equipment for $34,000 in December 20x1. The equipment is expected to generate $14,000 per year of additional revenue and incur $3,000 per year of additional cash expenses, beginning in 20x2. Under MACRS, depreciation in 20x2 will be $4,000. If the firm's income tax rate is 30%, determine the after-tax cash flow in 20x2?
Assuming he uses the machine for 300 hours in the first year, make Jose's Dec 31, 2022 journal entry with the straight-line depreciation method
Return on equity (ROE) 5%. Calculate Haslam's profit margin and liabilities-to-assets ratio. Do not round intermediate calculations
What was 2022 earnings per share? For 2022, Kingbird, Inc. reported net income of $43800, had average share outstanding of 15900.
What is the markup (profit margin %) on sales price at this new sales volume? What is the markup (profit margin %) on total cost?
Journalize the closing entries - After the accounts have been adjusted at December 31, the end of the year, Retained Earnings $615,850
Merchandise purchased on account not recorded as liability but included in the inventory (5,000). What is the effect of the above errors to 2020 working capital
How to Determine the average rate of return on investment, giving effect to depreciation on the investment. Round your answers to two decimal places.
Need help understanding how to get full absorption costing income statement for Presidio. Assume there was no beginning inventory.
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Journalize the transactions - prepare the stockholders' equity section assuming the company had retained earnings of $200,000 at December 31, 2008.
Teaparty,Compute sales-volume variances and flexible-budget variances for revenues, professional labor costs, administrative support costs, and for fixed costs.
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