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Question: Solve the following problem using a spreadsheet. Your S corporation needs a specialized piece of excavating equipment to complete a project. The excavator will need to be available for three years beginning in July of this year. Your company is looking at two alternatives. The first alternative is to lease the excavator for thirty-six months. The monthly lease payment is $7,100 per month. At the end of the lease the excavator will be returned to the dealer. The lease excludes all maintenance and operational costs. The second alternative is to purchase the excavator with cash for $250,000. If your company purchases the excavator, the estimated salvage value of the excavator at the end of three years is $95,000. Gains and losses on the sale of the excavator will be treated as ordinary income. The excavator may be depreciated using the half-year convention. Your company's tax year is the same as the calendar year and its marginal tax rate is 35%. Using the net present value (cost) method, which of the above alternatives is the best for your company if your minimal acceptable rate of return (MARR) is 1.5% per month? Assume that there is sufficient taxable income to use all tax savings in the year they occur.
Explain the method applied to adjust and close the accounts of a merchandising business. Analyze merchandising operations and the two types of inventory system.
Discuss the difference in the role of the journal and the ledger in capturing accounting information efficiently and effectively and outline the entity concept and how it impacts on the recording of personal and business transactions.
the standard quantity allowed for the units produced was 4500 pounds the standard price was 2.50 per pound and the
erik rekdahl senior-in-charge is auditing koonce katfood inc.s long-term debt for the year ended december 31. long-term
sininsky corporation is a small producer of synthetic motor oil. during may the company produced 5000 cases of
Locate six terms that you consider to be associated with the income statement - Define each term, and explain why it should be included as a revenue or expense in a business organization.
Record the first month's transactions before printing and submitting the following reports for December 2016 (either print to screen or print and scan as an electronic file). Marks will be awarded for the correctness of information as well as the ..
Martin Company sells a certain product for $15 per unit. The beginning inventory is 40,000 units, and the desired ending inventory is 32,000 units. If budgeted production is 100,000 units, what is the forecasted sales revenue from the product?
What is the fair value of the option on December 1, 20x1? Which of the following is done when accounting for a cash flow hedge, but is not done when accounting for a fair value hedge?
Explain why the listed estimates for costs might not be similar to the actual costs for the job. What factors could affect the accuracy of these estimates? List as many factors as you can.
Profit before tax is sh.800000 which includes sh.500000 grant that is not taxable and sh.20000 of expenses allowable for tax purposes.depreciation for p&l account amount to sh.120000 but was to be replaced by capital allowances of sh.150000.Tax ra..
the inventory accounts for billings incorporated for the years ending december 31 2011 2012 and 2013 are shown in the
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