User Account

All Pages

Evaluate the success of the project

Assignment Help Accounting Basics
Reference no: EM13134945

Quillen Company is performing a post-audit of a project completed one year ago. The initial estimates were the project would cost $250,000, would have a useful life of 9 years, zero salvage value, and would result in net annual cash flows of $46,000 per year. Now that the investment has been in operation for 1 year revised figures indicate that it actually costs $260,000, will have a useful life of 11 years, and will produce net annual cash flows of $39,000 per year. Evaluate the success of the project. Assume a discount rate of 10%.

Reference no: EM13134945

Questions Cloud

Research and development costs under ifrs and gaap : Discuss the pros and cons related to research and development costs under IFRS and GAAP. With which approach do you agree? Why?
How many units must racer sell in order to break even : Racer Industries has fixed costs of $900,000. Selling price per unit is $250 and variable cost per unit is $130.
How much depreciation should be taken : It also is 5-year recovery property. How much depreciation should be taken for 2010 assuming the company uses the accelerated depreciation method under MACRS, but does not choose to make the election to expense or to take bonus depreciation
What percent of sales representatives earn more : The mean yearly amount earned is $40,000 and the standard deviation is $5,000. What percent of the sales representatives earn more than $42,000 per year?
Evaluate the success of the project : Quillen Company is performing a post-audit of a project completed one year ago. The initial estimates were the project would cost $250,000, would have a useful life of 9 years, zero salvage value, and would result in net annual cash flows of $46,0..
Cost of rectangular storage container : A rectangular storage container with an open top is to have a volume of 10m3. The length of its base its twice the width. Material for the base costs of $10 per square meter.
Handling of bargain acquisition : What are the arguments for and against the alternatives for the handling of bargain acquisition? Why are such acquisitions unlikely to occur with great frequency?
Size of a hydrogen spherical balloon for lifting a payload : Size of a hydrogen spherical balloon for lifting a payload, Determine the size of a spherical balloon filled with hydrogen at 30°C and atmospheric pressure for lifting 400Kg payload
Information about equation of circle : Find the equation of the circle that has its center at the focus of the parabola X^2 - 4x + 6y - 20 = 0 and that is tangent to the parabola at its vertex. Also sketch both curves.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Journal entries at the date of purhase

Soldan Corporation purchased a computer on December 31,2011, paying 30,000 down and a further payment due on December 31,2014.An interest rate of 10% is implicit in the purchase price. Soldan uses the Effective method and has December the 31 as y..

  Investment income and related expenses

Investment income and related expenses amount to $7,000 and $500, respectively. What is Mike and Sally's interest deduction for the 2010 tax year?

  Problem related to operating income change

Variable costs as a percentage of sales for Leamon Inc. are 75%, current sales are $600,000, and fixed costs are $110,000. How much will operating income change if sales increase by $40,000?

  Financial factors of management

What financial factors should management consider when deciding whether to sell a product at the split off point or process it further?

  Determine whether or not triarc''s acquisitions

Determine whether or not TRIARC'S acquisitions of Wendy's through a stock swap was good for either company and state your rationale?

  Describe the effect of inaccurate standard costs

What are some advantages and disadvantages of standard costs? How do managers determine what the standard cost should be? Describe the effect of inaccurate standard costs on financial reporting.

  Pofessional code of conduct aicpa

What are the 6 principles in the AICPA's CPC and the purpose of each principle?

  Determining return on common stockholders equity

What is the return on common stockholders' equity?

  Challenges related to comparing financial statement

Discuss the challenges related to comparing financial statement prepared in different accounting methods. For example, US GAAP and IFRS.

  Preparing a segmented income statement

Prepare a segmented income statement in the contribution format for last month,showing both "amount and percent" columns for the division as a whole and for each product.

  Depreciation expense per its tax return

For the year ended December 31, Laramie Industries has a depreciation expense per its tax return greater than its financial statement tax expense, and had recorded warranty expense

  What is corporate governance

What is Corporate governance and outline brief history of corporate governance - Prepare an essay on Corporate\IT governance and internal control.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd