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Explain how the following impacts the GDP: a. the sale of used textbooks back to the bookstore b. the purchase of a famous painting painted in 1890 and purchased by the Brooklyn Museum in 2010. c. Income of a dentist. d. The $200 your parents send you to pay for your textbooks. e. To celebrate your birthday, you buy a bottle of French champagne.
Why is the capital expenditure budgeting process important? What concepts should be considered when evaluating a capital expenditure? What do you feel is the most important factor when considering a capital expenditure proposal?
On December 31, 1999, after all adjusting journal entries are complete, Asset A has a book value of $196,000 as given above. Determine the cost of the machine.
Explain how much of the gain must the corporation include in ordinary income as depreciation recapture
What are the differences between an outlay for a capital project and a capital outlay from the General Fund or special revenue fund?
Make the Journal entries required to create and close the warranty period
Under Plan II, there would be 300,000 shares of stock outstanding and $10 million in debt outstanding. The interest rate on the debt is 10 percent, and there are no taxes. If EBIT is $1.5 million, which plan will result in the higher EPS?
During the year, the company purchased $274,000 of materials; however it paid for only $264,000. How much inventory was requisitioned for use on jobs during 2010?
What arguments would brian jones, manager of the mining division, make to support the transfer pricing method that he prefers.
Lara Co. traded its old computer for a new model. The following information is pertinent to this transaction: How much loss should Lara immediately recognize on this trade-in?
A company had net income of $450,000 in 2009 and $620,000 in 2010. The company had average total assets of $2,500,000 in 2009 and $3,000,000 in 2010. Calculate the return on total assets for 2009 and 2010. Comment on the results.
Howard Enterprises has a contribution margin ratio of 65% and fixed costs of $15,000. What would sales have to be in order for Howard to earn an after-tax profit of $50,000? The company is in the 40% tax bracket
Should mobility make rear wheel assemblies or buy them from trailblazers? Prepare a schedule that shows the differential costs per rear wheel assembly.
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